附近上门

Welcome to the聽附近上门 News Weekend Update. An email form of this post went out Saturday morning. Happy reading!

After living in San Francisco for six months, I鈥檝e started to roll my eyes at Brex-branded hot chocolate with Bailey鈥檚. What makes me pause, however, is seeing Patricia. She鈥檚 the florist in my neighborhood who tirelessly tends to the orchids every day but somehow also remembers my name.

So, half a year in, I鈥檓 a bit more cynical about聽聽(let鈥檚 get more creative than weather jokes). This makes it all the more exciting when exceptions arise. This week there were two.

Uber, the ride-hailing company announced聽$5.48 billion in operating losses聽last week, and聽now is looking at stopping anniversary balloons as a cost-saving measure.

I guess Uber popped after all.

Next up in the news you don鈥檛 hear every day: I stood in line for聽ice cream that鈥檚 valued, apparently, at $200 million. The millennial pink jumpsuits didn鈥檛 throw me off, but the fact that one customer would鈥檝e paid an entrance fee of $300 dollars just for an Instagram picture definitely did.

While the quirks stopped there, it wasn鈥檛 a calm week by any means. One of聽聽filed to go public:聽WeWork. Our team broke down the聽big numbers听补苍诲听charted the (ludicrous) S-1 for you. Cloudflare also filed with strong revenue growth (big numbers,听charts), and聽Postmates will likely deliver next month.

Now onto some funding news. Lucidworks raised聽$100 million for AI-powered search; Energy Vault landed聽$110 million from SoftBank鈥檚 Vision Fund聽for a jenga-style tower of power; and OpenSpace, a construction tech startup,听raised $14 million from investors. Also,听Twitter led a $100 million investment听颈苍迟辞听Sharechat,听India’s rival to WhatsApp. In acquisitions,听Tumblr was bought聽(again) and聽Scaleworks scooped up Nextopia.

Finally, read about聽how gender disparities continue to exist within venture capital firms. That in mind, read about where your potential聽future technical co-founder likely went to school.

Until next week,

Natasha

笔.厂.听贵辞濒濒辞飞听聽about living in San Francisco, and聽附近上门聽News聽on聽Twitter听补苍诲听Facebook聽for daily updates.

滨濒濒耻蝉迟谤补迟颈辞苍:听