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SoftBank files for a double scoop of SPAC

The SPAC mania continues unabated, with new SPACs being filed with the SEC on an almost hourly basis at times.SoftBank, the Japanese telecom conglomerate which has also been running the gigantic Visio

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Two new efforts push to help a wider pool of people invest directly in venture funds

Venture funds have historically counted on a few types of investors — or limited partners — for their investing capital. One of these groups is institutional investors — think pensio

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Extra Crunch roundup: 500 Startups’ demo day, smart SaaS pricing and much more

Demo days at startup accelerators are a pretty big deal around here.These events aren’t just a chance to review the latest cohort of hopeful entrepreneurs — they also showcase the technology, pr

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Why one Databricks investor thinks the company may be undervalued

The recent Databricks funding round, a $1 billion investment at a $28 billion valuation, was one of the year’s most notable private investments so far.For Databricks signaled its IPO readiness b

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Zhang Zhao, ex-Le Vision Pictures CEO, dies at 58

Zhang Zhao, one of China's most influential film moguls and Zhang Yimou's producer, died of cancer on Wednesday. He was 58.Zhang Zhao, a workaholic and respected film executive, had an outstan

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Could eyelash extensions become a huge market? This robotics startup thinks so

Eyelash extensions have taken off in recent years — particularly in Asia — but the audience is only so broad. Getting extensions — semi-permanent fibers that are attached to one̵

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In 2021 everyone gets 15 minutes of wealth

Trades in the infamous Reddit-basket of stocks and trades are taking a pounding today, with GameStop down 52.7%, AMC Entertainment off 42.7%, the silver-squeeze flopping and more. CNBC has a longer li

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Atlassian stops selling on-prem licenses, adds new enteprise pricing tier

Atlassian has made it clear for some time that it’s all in on the cloud, but now it’s official. The company stopped selling new on-prem licenses as of yesterday. Perhaps to take away the s

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Bumble IPO could raise more than $1B for dating service

On the heels of private companies Robinhood and Databricks each raising $1 billion or more yesterday, Bumble is out with a new IPO filing this morning indicating that it wants to raise ten figures as

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China launched its national carbon trading market yesterday

Yesterday, China flipped the switch on a nationwide carbon trading market, in what could be one of the most significant steps taken to reduce greenhouse gas emissions in 2021 — if the markets ca

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Joe Biden's surprises

(L-R) U.S. Vice President Kamala Harris and President Joe Biden meet with Treasury Secretary Janet Yellen in the Oval Office of the White House in Washington, D.C., January 29, 2021. /Getty Ed

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UK vaccinates record number of people in a day

FILE PHOTO: Matt Hancock, Secretary of State for Health and Social Care speaks during a coronavirus press conference at Downing Street. /VCG Image 598,389 received their first coronavirus vacc

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The biggest exit for this L.A. venture firm may wind up being . . . canned water

Earlier this week, Science Inc, the 10-year-old, L.A.-based incubator and venture firm, rolled out a blank-check company onto the Nasdaq, raising $270 million for what firm founders Peter Pham and Mik

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Extra Crunch roundup: Edtech VC survey, 5 founder mistakes, fintech liquidity, more

Edtech is so widespread, we already need more consumer-friendly nomenclature to describe the products, services and tools it encompasses.I know someone who reads stories to their grandchildren on two

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‘Frozen’ CG snow and crash-test cadavers offer hints for 60-year-old Russian mystery deaths

The Dyatlov Pass incident is the mother of all cold cases: 9 people found dead in 1959, deep in the Ural mountains, under circumstances no one has ever been able to satisfactorily explain. But new res

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Virunga park elephants kill two farmers in DR Congo

The Virunga National Park hopes to extend an electric fence to prevent elephants straying into farmland. /AFP Two stray elephants from the famed Virunga wildlife reserve in northeastern Democr

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Rising African venture investment powers fintech, cleantech bets in 2020

As a turbulent week in the capital world, we’re taking a look at something a bit slower-moving: venture capital trends in Africa during 2020.The Exchange has long explored quarterly and yearly d