The coronavirus pandemic has caused adjustments not only to the world’s economy but also to relationships. Now people have to adapt to new realities.
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Madrona Venture Labs raises $8M, unveils plan to turn its investors into co-founders of spinouts
May 12, 2021 at 7:27 am
The Madrona Venture Labs team, clockwise from left: Flora Ku, Keith Rosema, Maria Hess, Henry Huang, Mike Fridgen, Jay Bartot, Jason Flateboe. (Madrona Venture Labs Photo)
The news: Madrona Venture Labs, the startup studio associated with Madrona Venture Group, has raised $8 million for its fourth fund. The Seattle-based studio also unveiled a new model that turns its investors tech vets such as former Zillow Group CEO Spencer Rascoff; former Qualtrics exec Julie Larson-Green; former Axiom CEO Elena Donio; etc. into co-founders, board members, and advisors of its startup spinouts.
Damian DeSena photo
The outside of the home Pacaso purchased at 1627 Rainier Avenue.
On Friday, following neighborhood protest, CEO and Napa resident
Austin Allison said his company was removing the Rainier Avenue
listing from its website and pausing all showings to
re-evaluate whether this property is the best fit for their
portfolio.
Sarah Klearman
This is a photograph of Gayle Olsonâs website advertising a yoga
retreat at a Pacaso home in east Napa where she is a fractional
owner. The offering was taken down following the Registerâs
inquiry
Many Napans heard the name Pacaso for the first time this week.
Many Napans heard the name Pacaso for the first time this week.
The real estate startupâs million-dollar purchase of a house in Napaâs Bel Aire neighborhood in early April caught the attention of the propertyâs neighbors, many of whom shared their opposition to Pacasoâs business model during public comment at Napa City Councilâs meeting Tuesday afternoon.
âI was like â âyouâre kidding. Come on. On this street? Why would anyone want to live on this street in that sort of format?ââ neighbor Thom Licthenstein, a 26-year resident of the Bel Aire neighborhood, told the Register this week of his reaction to news of the propertyâs purchase by Pacaso.
Sorry kids, you re no longer permitted to use Tinder s dating app. Since its creation in 2012, Tinder allowed users as young as 13 to use its app and be matched in the 13 to 17 age range. On Thursday, the company confirmed that the app will now be restricted to users under the age of 18. Read More. Don t Miss Any Updates! News Directly in Your Inbox Subscribe to: