Our news
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Chinese VCs are hounding failed founders to claw back their investments
In the U.S., it’s accepted that most startups fail — and when that happens, VCs (generally) accept their losses and move on. But that’s not the case in China, where VCs are trying to claw back their investments in failed startups by pursuing the personal assets of their founders in court, The Financial Times reports.…
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Threads prototypes custom display names and cover images for profiles
Instagram Threads is developing new features that would bring its user experience more in line with that of X (formerly Twitter) and the social network Bluesky. The Meta-owned company is internally prototyping the ability to set a display name and add a cover image to profiles. A spokesperson for the company confirmed to TechCrunch on…
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Anthropic reportedly in talks to raise $2B at $60B valuation, led by Lightspeed
OpenAI rival Anthropic is in talks to raise $2 billion in new capital in a funding round led by Lightspeed Venture Partners, according to The Wall Street Journal. The round, which The Journal reports would value Anthropic at $60 billion, would bring Anthropic’s total raised to $15.7 billion, going by Crunchbase’s data. It would also…