All posts by Connie Loizos

As Uber’s value slips on the secondary market, Lyft’s is rising

 It’s been happening for months. The value of Uber’s shares has been falling on the secondary market, hammered by a barrage of press attention paid to its real and perceived misdeeds. That slip is widely seen as the reason Uber investors strong-armed CEO Travis Kalanick out of his role as CEO on Tuesday night. As numerous sources confirmed to us yesterday (and The Information… Read More

Kalanick is out, but Uber’s VCs royally screwed up, too, say industry watchers

 Travis Kalanick, who last night resigned from his post as CEO of ride-share giant Uber, has taken the blame for the company’s very long list of problems, from allowing a culture of sexual harassment to thrive, to skirting the law with its Greyball program, to mishandling the medical files of a customer raped by one of the company’s drivers (for starters). But many view the VCs… Read More

Andreessen Horowitz Gets a New General Partner in Jorge Conde

 Andreessen Horowitz is making an even bigger push into healthcare IT, bringing aboard serial entrepreneur Jorge Conde as a general partner. Conde, who officially starts in September, has spent the last 15 years working largely in genomics, including cofounding the genome analysis company Knome (acquired in 2015 for undisclosed terms) and more recently becoming chief strategy officer at a… Read More

Uber is implementing tipping, but how well it works will be critical

 On the heels of what must feel to employees like the longest six months in Uber‘s eight-year history, the company last week tried ending relentless news reports about its corporate misbehavior by encouraging its CEO, Travis Kalanick, to take a leave of absence. (He has obliged, for now.) This morning, Uber took things a step further, introducing an initiative that it’s calling… Read More

Aspect Ventures is raising its second fund

 Aspect Ventures, the San Francisco-based early-stage venture firm founded in 2014 by longtime VCs Jennifer Fonstad and Theresia Gouw, has begun raising its second fund, and the outfit is looking to raise up to $175 million, shows an SEC filing. The firm hasn’t responded to questions about its fundraising plans, but we’d guess that investors will line up quickly to fund the firm.… Read More

Why Stackshare is quietly becoming a secret weapon for developers and Silicon Valley CTOs

 On Stackshare, Airbnb lists over 50 services in its “stack,” Slack lists 24, and Spotify lists more than 31; these stacks are collections of different pieces of software that each company is using to run their operations, and range from infrastructure tools to communications tools to container tools to email service tools. Why are companies beginning to share the specific mix of… Read More

Hiro Tamura is the Atomico partner U.S. founders should know; here’s why

 If you’re a U.S.-based founder and you’ve ever wondered how to pitch the London-based firm Atomico or, more specifically, who to pitch, Hiro Tamura is someone you might get to know better. Though he’s based in London, Tamura is the general partner who spends the most time in the U.S. — about one week a month on average. How does he do it? He says he gets ample help… Read More

Talking with Alda Leu Dennis, the newest partner at Initialized Capital

 It’s only been a few days since she started her new job, but Alda Leu Dennis, the newest partner (and COO) of Initialized Capital, seems like she’s ready to hit the ground running. Given her background, that’s not surprising.  Dennis just joined the 15-person, San Francisco-based firm from the secondary investment firm 137 Ventures, where she led investments in Planet Labs,… Read More

Trucker Path just lined up $30 million in debt to lend to the truckers on its platform

 Trucker Path, a  three-year-old, Mountain View-based platform that helps connect drivers, brokers, shippers, and carriers, has just lined up $30 million in debt funding so it can start loaning some of those truckers money right after they deliver their freight. It’s seemingly a win-win. It means truckers needn’t wait 30 to 60 days to get paid by the vendors who hire them. In… Read More

No acting CEO at Uber, no problem?

 Instead, Kalanick told employees, the company will be run by his direct reports. Meanwhile, owing to the results of a probe led by former U.S. attorney general Eric Holder — who was hired to look into allegations of harassment, bullying, and discrimination at the company — some of Kalanick’s responsibilities will be shared or given outright to other senior executives when he… Read More