Jennifer Mimi Pham is a longtime friend, former assistant to, and business partner of the late Tony Hsieh. She s suing Hsieh s family for breaching contracts she had to manage Hsieh s business affairs in the months leading up to his death. She claims she is owed not just back pay but also a share of future profits for a number of deals that fell apart after Hsieh passed away last year. Among those deals is the management of an event venue in Park City Utah, as well as the time she spent trying to launch a documentary production company for Hsieh. Attorneys for Pham filed her complaint on February 5 in Clark County District Court of Nevada.
Event Outcome Trading Platform Kalshi Secures $30 Million Through Series A Investment Round Led By Sequoia
Kalshi, a U.S.-based federal regulated exchange dedicated to trading on event outcomes, announced on Wednesday it secured $30 million through its Series A funding round, which was led by Sequoia Sequoia Capital with participation from Charles Schwab, Chairman of Charles Schwab Corporation, Henry Kravis, Co-Chairman & Co-CEO of KKR, SV Angel and previous investors, including Neo and YC Continuity.
Founded in 2018 by Tarek Mansour and Luana Lopes Lara, Kalshi states it allows people to trade on event outcomes, from whether Brexit will happen this year to whether it will rain in NYC tomorrow.
Tech IPO bonanza yields riches for venture-capital firms
A man shows his wallet with US dollars in it in a street of Havana.
(AFP)
Heather Somerville
, The Wall Street Journal
Sequoia Capital and others prosper as the debuts of DoorDash and Airbnb cap the most lucrative year on record for new listings
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The venture-capital offices around Silicon Valley remain largely empty, but their coffers will soon be brimming after what has shaped up to be a surprisingly resilient year for technology startups.
The initial public offerings this week of DoorDash Inc. and Airbnb Inc. cap a string of listings that have helped make this the most lucrative year on record for IPOs in terms of money raised.
Intuit executive brings extensive small business SaaS experience to leading home renovation and design platform
PALO ALTO, Calif.–(BUSINESS WIRE)–Houzz Inc., the leading platform for home remodeling and design, today announced the addition of Alex Chriss to its board of directors. Chriss joins as Houzz’s second independent non-affiliated board member, alongside Saori Casey.
“We are excited to welcome Alex to the Houzz board,” said Adi Tatarko, Houzz CEO and co-founder. “His deep knowledge and expertise working with SaaS for small businesses and those who are self-employed globally will be invaluable to Houzz as we continue to grow the Houzz Pro platform.”
IPO frenzy drove DoorDash’s robust showing during its first public trade
The startup has a dominant market share in the US meal-delivery market
However, it faces intense competition and a possible dip in demand post-Covid
DoorDash shares slip from IPO high
DoorDash Inc last Wednesday (09 December 2020) made an impressive debut, with hungry investors gobbling up its shares as pandemic-era eating habits continued to buttress its business.
The San Francisco-based company, which arranges deliveries from restaurants, saw its stock opening strong at US$182, then leaping to close its first day of public trade at US$189.51, an 86% spike from its US$102 initial public offering (IPO) price.