Invite your Stanford University Class / Professor
And receive 1 week of complimentary premium membership
Stanford Schools Add New
54 members , 7 departments
98 members , 18 departments
35 members , 8 departments
38 members , 4 departments
157 members , 9 departments
87 members , 32 departments
India's Spinny lines up $160M funding to acquire GoMechanic, sources say | TechCrunch
The Series G round, which includes a mix of primary and secondary transactions, would value the 10-year-old startup at about $1.8 billion post-money, three people familiar with the matter said, broadly in line with its previous valuation. Nearly $90 million of the round is primary, people said; Existing investor Accel has already wired about $44 million of that amount, with some details of the investment appearing in regulatory filings in India this week, which Indian outlet Entrackr first reported. A new investor is participating in the remaining portion of the primary, but TechCrunch could not confirm its specifics. WestBridge Capital is doubling down in the new round with a check of a similar size to its previous investment, the people said. The firm invested about $35 million to $40 million in Spinny's Series F round earlier this year. In March, Spinny raised $131 million in the first part of its Series F round led by Accel, with participation from Fundamentum, before expanding the raise to about $170 million in June to include WestBridge Capital. Those funds were earmarked to scale Spinny's core used-car business....
Mark shared this article 6hrs
Mesa shuts down credit card that rewarded cardholders for paying their mortgages | TechCrunch
A message on the Mesa website states that as of December 12, 'all Mesa Homeowners Card accounts are closed,' adding, 'All credit cards have been deactivated and you are no longer able to make any new purchases or earn Mesa Points.' A Mesa FAQ about the shutdown described this as 'a business decision to close the Mesa Homeowners Card Program entirely.' TechCrunch has reached out to Mesa for additional comment on its future plans. The startup launched just over a year ago, in November 2024, with $9.2 million in funding ($7.2 million in equity funding and $2 million in debt). It offered two products ' mortgage loans with 1% cash back, as well as the credit card with rewards including cash back, travel, and offset mortgage payments. Mesa's card shutdown has been covered by travel deals websites like One Mile at a Time and Upgraded Points, which say that Mesa cardmembers have been complaining about declined transactions for the past week, with the company initially claiming this was only a temporary outage....
Mark shared this article 6hrs
Making sense of the risky Netflix-Warner Bros. deal | TechCrunch
Whether or not Netflix's $82.6 billion acquisition of Warner Bros. goes through, the deal encapsulates a fraught moment for Hollywood, as the entertainment business is increasingly overshadowed by tech giants. On the latest episode of the Equity podcast, Kirsten Korosec and I discussed the deal's implications, both for Netflix and the larger Hollywood ecosystem. Kirsten noted that it's just the latest move bringing more consolidation to the media business, and she wondered whether it's 'too big a risk' for Netflix. Meanwhile, I discussed a call with Netflix executives where Wall Street analysts also seemed to be struggling to wrap their heads around the deal. And then of course there's Paramount's competing hostile bid ' whatever happens, Warner Bros.' days as a standalone company seem to be numbered. Kirsten: I remember when Netflix was just a little baby startup and I got their [DVDs] in the mail. Here they are, all grown up, bidding for a legacy company. Did that run through your head when you saw the news'...
Mark shared this article 6hrs
The Intifada Comes to Bondi Beach
Posted by Mark Field from The Atlantic
It's long past time to stop saying 'Anti-Semitic violence has no place in our society.' Outrage upon outrage confirms that anti-Semitic violence has a large and expanding place in Western societies'that it is supported by many, that it is tolerated by many more, and that it is often appeased or even enabled by governments fearful of confronting large and militant factions within their populations. For months before today's mass killing on Sydney's Bondi Beach, Australia has been afflicted by repeated incidents of anti-Jewish harassment and intimidation. The outrages began just two days after the October 7 Hamas terror attacks in Israel, with a demonstration at the Sydney Opera House that included a chant of 'Fuck the Jews.' Dozens more such demonstrations followed across the country. Curses soon escalated into crimes. There was an arson attack on a synagogue and another at a day-care center. Protesters stormed into an Israeli restaurant, and police foiled a plot for mass bombings of Jewish targets....
Mark shared this article 6hrs