Unicorn layoffs keep piling up as the economy gets worse

Unicorn layoffs keep piling up as the economy gets worse

Earlier today a grip of new data presented a sharply negative picture of the American economy. And this afternoon, news broke that a trio of well-known, heavily-backed unicorns were cutting staff. With stocks down as well, we’ve received negative signals from the...
Punitive liquidation preferences return to VC — don’t do it

Punitive liquidation preferences return to VC — don’t do it

Pascal Levensohn Contributor Pascal Levensohn is a San Francisco-based venture capitalist with over 22 years of VC experience through Levensohn Venture Partners and Dolby Family Ventures. He is a former director of the National Venture Capital Association. More posts...
Pileus helps businesses cut their cloud spend

Pileus helps businesses cut their cloud spend

Israel-based Pileus, which is officially launching today, aims to help businesses keep their cloud spend under control. The company also today announced that it has raised a $1 million seed round from a private angel investor. Using machine learning, the company’s...
ServiceNow pledges no layoffs in 2020

ServiceNow pledges no layoffs in 2020

You don’t need your PhD in economics to know the economy is in rough shape right now due to the impact of COVID-19, but ServiceNow today pledged that it would not lay off a single employee in 2020 — and in fact, it’s hiring. While Salesforce’s Marc Benioff pledged no...