Best of Venture Capital — November 2022

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   Article

   Hacker News·3y

   Kite is saying farewell

   Kite is saying farewell from 2014 to 2021, Kite was a startup using AI to help developers write code. We have stopped working on Kite, and are no longer supporting the Kite software.

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   Article

   GitHub Blog·4y

   An open source economy–built by developers, for developers

   GitHub is launching two new programs: the GitHub Accelerator and the GitHub Fund in partnership with M12, Microsoft’s venture arm, to help build new careers and companies in open source.

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   Article

   The Register·3y

   Former Theranos CEO Elizabeth Holmes sentenced to 11 years

   Former Theranos CEO Elizabeth Holmes sentenced to 11.25 years in prison and three years of supervised release for defrauding investors in the failed blood testing company.

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   Article

   David Heinemeier Hansson·3y

   Hard times make strong companies

   The resource curse wrecks havoc on critical thinking, prudent projections, and risk management. When the going is good for so long, many are deluded into thinking it'll carry on forever. This is the nature of the business cycle. It clears the brush of dead wood and puts zombie companies out of their misery.

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   Article

   Community Picks·4y

   Meta investors reportedly 'got more disgusted' with Mark Zuckerberg's metaverse plans after he doubled down in the company's earnings

   Meta shareholders 'got more disgusted' with Mark Zuckerberg's metaverse plans after he doubled down in the company's quarterly earnings report. Investors expressed their anger in meetings with Meta executives over the past week. Zuckerberg said he intents to spend billions more on the metaverse project in the coming year.

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   Article

   David Heinemeier Hansson·4y

   The bubble has popped for unprofitable software companies

   Asana lost an incredible $285m in 2021, $210m in 2020, and $118m in 2019. Smartsheet lost over $370m in losses over the last four years. It appears they're down to just $238m in cash, which wouldn't even be enough runway for another year.

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   Article

   TechCrunch·4y

   Meet Budibase, a low-code open-source web app builder with automations

   Northern Irish startup Budibase is capitalizing on with the announcement of a fresh $7 million tranche of funding to further develop an open source web app builder.

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