WeWork loses its chief communications officer ahead of planned IPO – gpgmail

It could just be a better job offer, but WeWork’s top communications executive, Jennifer Skyler, has announced to her contacts that she is leaving the co-working giant to become the chief corporate affairs officer at American Express later this fall. Skyler joined WeWork four years ago as its first communications hire, after spending three years […]

Troubles keep mounting for the We Company as Softbank reportedly calls for shelving the IPO – gpgmail

The troubles for We Company and its main business WeWork are mounting as the Financial Times is reporting that the company’s main backer, Softbank, is pushing for the company to put its troubled public offering on hold. Citing sources familiar with the company and its main investor, the Financial Times said that the cool reception We Company has […]

We Company reportedly mulls slashing its valuation ahead of its initial public offering – gpgmail

The Wall Street Journal is reporting that the company formerly known as WeWork is considering slashing its valuation as it looks to woo public market investors. The company is reportedly considering a valuation of somewhere in the $20 billion range for its initial public offering, a figure that’s far less than the $47 billion valuation it […]

We Company adds a director, ditches its $5.9 million naming deal with its CEO, remains a governance nightmare – gpgmail

The company formerly known as WeWork, in an amendment to the S-1 that launched dozens of critical headlines, says it has added a new director to its board and unwound the $5.9 million payout to chief executive Adam Neumann over the name “We.”  The new board member is Frances Frei, a professor of technology and […]

Top EC articles in August, Apple privacy woes, autonomous delivery robotics Starship, and Zhihu – gpgmail

Top Articles in August We are back from Labor Day (which an ironically somewhat unkind Canadian EC subscriber noted also takes place up north). August was the most successful month for Extra Crunch since our launch about six months ago — so thank you to the thousands of new and continuing members that help us […]

Urbvan raises $9 million for its private shuttle service in Mexico – gpgmail

As cities in emerging markets grapple with increasingly traffic-clogged and dangerous streets, Urbvan, a startup providing private, high-end transportation shuttles in Mexico, has raised $9 million in a new round of financing. Co-founded by Joao Matos Albino and Renato Picard, Urbvan is taking the reins from startups like the now-defunct Chariot and tailoring the business […]

Finance in startups with Duda CFO Stephanie Hsiung and Zeus Living’s Head of Finance Mark Kang – gpgmail

Tim Hsia & Neil Devani Contributor More posts by this contributor ‘The Operators’: Experts from Airbnb and Carta on building and managing your company’s customer support ‘The Operators’: Experts from WeWork and Brex talk marketing – Getting the most bang for your buck Welcome to this transcribed edition of The Operators. The Operators features insiders […]

Y Combinator Demo Day, revenue-based VC funding, Pivotal, Dell, Tumblr, WeWork, and more – gpgmail

Editor’s note Due to bad travel logistics (thanks SFO), I wasn’t able to get the mid-week edition of the Extra Crunch roundup newsletter out. Sorry about that. Instead, here is everything we published this week on Extra Crunch in one fell swoop — and my, we covered a lot of ground. Hope you enjoy some […]

Is Knotel poised to turn WeWork from a Unicorn into an Icarus? – gpgmail

The day of reckoning for the ‘flexible office space as a startup’ is coming, and it’s coming up fast. WeWork’s IPO filing has fired the starting gun on the race to become the game-changer both in the future of property and real estate but also the future of how we live and work. As Churchill […]

On-demand parking startup SpotHero raises $50 million – gpgmail

SpotHero, the Chicago-based company that has developed an on-demand parking app, has raised $50 million in a Series D round led by Macquarie Capital. Union Grove Venture Partners participated in the round, along with existing investors including Insight Venture Partners, Global Founders Capital, OCA Ventures, AutoTech Ventures and others, according to the company. SpotHero has […]