Connie Loizos, TechCrunch

Connie Loizos

TechCrunch

San Francisco, CA, United States

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Recent articles by Connie:

Writer Anand Giridharadas on tech’s billionaires: “Are they even on the same team as us?” –

Since the start of the coronavirus pandemic, America’s roughly 640 billionaires have seen their fortunes soar by $845 billion in combined assets or 29% collectively, widening the already yawning gap between the very richest and the rest of U.S. Many of those billions were made by tech founders, including Mark Zuckerberg, Jeff Bezos, and Elon […] → Read More

Peterson Ventures, a firm that quietly backed Allbirds and Bonobos, just closed a $65 million fund –

Peterson Ventures, a 12-year-old, Salt Lake City, Ut.-based seed-stage fund, has long operated fairly quietly, but many of its bets have become known brands in the respective worlds of consumer and enterprise software investing. Among these is the shoe company Allbirds, the men’s clothing company Bonobos (acquired a few years ago by Walmart), and Lucid […] → Read More

Morgan Beller, co-creator of the Libra digital currency, just joined the venture firm NFX –

Morgan Beller, who is a co-creator of the proposed Libra digital currency, along with Facebook vice presidents David Marcus and Kevin Weil, has left the company to become a general partner with the venture firm NFX . In a call yesterday, she said she first became acquainted with the San Francisco-based outfit five years ago […] → Read More

Benchmark’s Peter Fenton: “10 to 20 years of innovation just got pulled forward” –

Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed about how he’s putting his stamp on Benchmark now that, 15 years after joining the storied firm, he’s its most senior member. Fenton said that he’s mostly focused on ensuring that firm doesn’t […] → Read More

Can’t stop won’t stop: Social Capital Hedosophia just filed for its fourth SPAC, says new report –

According to a new report in Bloomberg, Social Capital Hedosophia has filed plans confidentially with the SEC to raise $500 million for its newest blank-check company. It will be the fourth special purpose acquisition company, or SPAC, to be raised by the outfit, which is headed up by Chamath Palihapitiya and Ian Osborne. Astonishingly, dozens […] → Read More

Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR –

Zwift, a 350-person, Long Beach, Calif.-based online fitness platform that immerses cyclists and runners in 3D generated worlds, just raised a hefty $450 million in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round […] → Read More

The Chainsmokers just closed their debut venture fund, Mantis, with $35 million –

Alex Pall and Drew Taggart are best known as The Chainsmokers, an electronic DJ and production duo whose first three albums have given rise to numerous Billboard chart-topping songs, four Grammy nominations, and one Grammy award, for the song “Don’t Let Me Down.” Soon, they hope they’ll be known as savvy venture investors, too. They […] → Read More

DCM has already made nearly $1 billion off its $26.4 million bet on Bill.com –

David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with […] → Read More

Report: One of Social Capital’s newest blank-check companies is looking to reverse merge with Opendoor –

Some people may have slowed down in 2020, amid a pandemic that has shut down much of the world. Not Chamath Palihapitiya. According to a new report in Bloomberg, Opendoor, the seven-year-old, San Francisco-based company that has from the outset aimed to help people buy and sell homes with the “push of a button” (or […] → Read More

VC Josh Kopelman isn’t so sure about SPACs, but he thinks so-called rolling funds could prove powerful –

Yesterday, we had a chance to catch up with Josh Kopelman, the founder of the now 16-year-old early-stage venture firm First Round to talk about a wide variety of issues. As part of that conversation — which we’ll run in its entirety in podcast form a bit later this week — we naturally asked Kopelman […] → Read More

Meet the final round judges who will decide the winner of this year’s Disrupt Battlefield Competition –

It’s never easy, deciding which of the 20 companies that make it into the Disrupt Battlefield Competition will be anointed its winner. There’s just so much at stake each year and at Disrupt 2020 this September 14-18 the stakes are even higher. For that one startup that makes it all the way through the gauntlet, […] → Read More

That Whole Foods is an Amazon warehouse; get used to it –

Earlier this week, in Brooklyn, near the waterfront, Amazon opened what looks from the outside like a typical Whole Foods store. It isn’t open to the public, however; it’s a fulfillment center. “Grocery delivery continues to be one of the fastest-growing businesses at Amazon,” the company said in a statement about the location, noting that […] → Read More

An IPO expert bats back at the narrative that traditional IPOs are for “morons” –

Lise Buyer has been advising startups on how to go public for the last 13 years through her consultancy, Class V Group. She built the business after working as an investment banker, and then as a director at Google, where she helped architect the company’s famously atypical 2004 IPO. It’s perhaps because Google’s offering was […] → Read More

What will a Wish IPO look like? Seems we’ll find out sooner than later –

Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floaties, guinea pig harnesses, Apple Watch knockoffs — said yesterday that it has submitted a draft registration to the SEC for an IPO. Because it filed confidentially, […] → Read More

Everybody is racing to IPO — even Laird Hamilton’s young “superfood” company –

This one is unusual: Laird Superfood, a five-year-old, 100-person, Sisters, Ore.-based startup that was cofounded by famed surfer Laird Hamilton and which makes plant-based packaged beverage products, filed today to raise up to $40 million in an IPO. We’d reported on this company early last year in large part because it had attracted backing from […] → Read More

A must-see conversation on the state of VC, this year at Disrupt –

On a surface level, the world of venture capital doesn’t look to change much year to year. But in truth, the industry is very much in flux, with many firms grappling with a lack of diversity, dealing with succession questions, and confronting a growing pipeline of aging portfolio companies — to name just a few […] → Read More

Steno raises $3.5 million to become a kind of extension of law offices –

The global legal services industry was worth $849 billion dollars in 2017 and is expected to become a trillion dollar industry by the end of next year. Little wonder that Steno, an L.A.-based startup, wants a piece. Like most legal services outfits, what it’s offering is a variety of ways for law practices to run […] → Read More

Laura Deming, Frederik Groce, Amish Jani, Jessica Verrilli and Vanessa Larco are coming to Disrupt –

At TechCrunch Disrupt, our Startup Battlefield competition this year looks to be fiercer than ever, judging by the applicants. That’s actually saying something, considering the game-changing brands to emerge from our stage over the years, including Cloudflare, Dropbox, Vurb, Mint, GetAround, Fitbit, Yammer and more. Altogether, Startup Battlefield participants have gone on to raise $9 […] → Read More

Benchmark’s Peter Fenton is joining us at Disrupt –

Benchmark used to be the quintessential Silicon Valley venture firm. It was small. It was focused. It was aggressive while also remaining founder friendly. It stuck to its knitting, when it came to its fund size, raising fund after fund in the $450 million range. Over the years, the world changed. Some of the biggest […] → Read More

Eduardo Saverin on the ‘world of innovation past Silicon Valley’ –

Eduardo Saverin will forever be known for cofounding Facebook 16 years ago with four other Harvard classmates (one of whom is still running the company). But even before leaving in 2009 for Singapore with his shares of the company, Saverin’s attention was on startup investing, and since 2015, he has been laser focused on B […] → Read More