Sources: Accel is in talks to lead a round in Scale AI at a ~$13B valuation, up from $7.3B in 2021; Scale AI generated $675M+ in revenue in 2023, up ~150% YoY
Venture capital firm Accel, an early investor in the data labeling startup Scale AI, is in talks to lead a new round of funding … X: @kateclarktweets X: Kate Clark / @kateclarktweets : Scoop: Accel pl...
Nextdoor replaces CEO Sarah Friar with co-founder Nirav Tolia, who served as CEO between 2010 and 2018; sources: the board also discussed selling the startup
The Information : X: @nikitabier , @joshuaogundu , and @nmasc_ X: Nikita Bier / @nikitabier : My time has come. Josh / @joshuaogundu : Nextdoor is exploring a CEO change or sale. Opened at $13.01 at ...
Source: Instacart generated ~$740M in 2022 ad revenue, up 30% YoY; nearly 30% of the company's 2022 revenue came from its ads unit, which launched in 2019
(disclosure: I seeded instacart in 2012) — https://www.theinformation.com/ ... Tweets: Tanay Jaipuria / @tanayj : Great read on Instacart's business by @coryweinberg - $2.5B in total revenue in 2022...
Source: Instacart had ad revenue of about $740M in 2022, up 30% from 2021; nearly 30% of Instacart's 2022 revenue came from selling ads
Instacart has become an advertising powerhouse. — The grocery-delivery firm's ad revenue totaled about $740 million last year, up 30% from 2021, according to a person familiar with the matter. Linke...
Some tech workers who quit the Bay Area during the pandemic are trickling back, as Twitter reopens its SF HQ and, along with Google, plans to expand in the area
Critics said the pandemic would make the industry flee San Francisco and its southern neighbor, Silicon Valley. Tweets: @jaycueanimal , @nytimes , @eliotwb , @coryweinberg , @nytimes , @kateconger , @...
As the coronavirus pandemic threatens to unravel Airbnb's business, some question whether CEO Brian Chesky can shift focus from new pursuits to preserving cash
The founder of the travel rental site has spent more than a decade building the company into one of the world's most influential startups. Tweets: @mdudas , @amir , @davidsacks , @coryweinberg , @alex...
Sources: Bird lost about $100M in the first quarter, with revenue shrinking to about $15M, and the company told people that it has about $100M in cash left
The wintertime was bleak for Bird. In this year's first quarter, the electric scooter operator lost nearly $100 million … Tweets: @alexeheath , @mdudas , @coryweinberg , @darth , @edzitron , and @kev...
Sources: Lyft plans to design its own e-scooters and e-bikes and hires Liam O'Connor, who held top supply chain jobs at Apple and Tesla, to lead the project
Lyft hired Liam O'Connor, who held top supply-chain jobs at Apple and Tesla, to lead the ride-hailing firm's nascent bikes and scooters division … Tweets: @amir and @isteslaworth0 Tweets: Amir Efrati ...