Kate Clark, The Information

Kate Clark

The Information

San Francisco, CA, United States

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  • The Information
  • TechCrunch
  • PitchBook Data
  • The Seattle Times

Past articles by Kate:

ThirdLove Should Be Close to Profitable This Year, Says CEO Zak —

ThirdLove, an online bra retailer that had been growing quickly before the pandemic, should be close to profitable this year, said its co-CEO, Heidi Zak.Her forecast follows a difficult period when shoppers, stuck at home to avoid coronavirus contagion, scaled back on clothing purchases even if ... → Read More

A Summer Slowdown in Venture Capital? Not This Year —

Private tech investing usually slows down in July and August when startup investors take a hiatus from pitch meetings and escape to their sunny destination of choice. But with vacations canceled because of the coronavirus, venture capitalists are entering into new investments at a rapid ... → Read More

Briefing: SoftBank Considering Partial Sale, Public Offering of Arm Holdings —

SoftBank is working with Goldman Sachs on a possible partial sale or initial public offering of Arm Holdings, the chip designer it paid $32 billion for in 2016, according to a report from the Wall Street Journal. The embattled Japanese conglomerate is looking to raise cash to soothe activist investor Elliott Management, which has pushed for changes at the firm in recent months. Headquartered → Read More

Can You Invest Over Zoom? Venture Capitalists Are Split —

For weeks, Race Capital general partner Alfred Chuang had been pursuing an investment in a startup he thought was headquartered in the San Francisco Bay Area. Then, over a series of video chats, he realized it had relocated to Toronto. He’s still interested.“The whole work-from-home thing makes ... → Read More

After Chaotic Start, Federal Loan Program Helped Startups Avoid ‘Deep Layoffs’ —

After the coronavirus hit, Kuli Kuli Foods CEO Lisa Curtis and co-founder Jordan Moncharmont cut their salaries by 50% and established “furlough Fridays” for the 13-person staff. It wasn’t enough. Walmart had delayed a rollout of Kuli Kuli’s energy snacks and drinks, and the startup’s sales ... → Read More

Who’s Really Hiring in Tech Right Now —

Tech workers are facing a job market that seemed unthinkable six months ago. They’re getting fired over Zoom, whipsawed by phantom job listings and finding that aggressive recruiters have suddenly gone quiet.Yet certain tech companies are scouting for and hiring employees. These include large ... → Read More

How 5 Biotech Investors Are Responding to the Covid-19 Crisis —

When an oxygen tank exploded aboard the ill-fated Apollo 13 in 1970, a team of NASA engineers used cardboard, plastic bags and duct tape to rescue the astronauts on board.Andreessen Horowitz general partner Vijay Pande, who invests out of the firm’s $750 million biotech fund, likens the Apollo ... → Read More

Devoted Health Valued at $3 Billion With New Funds —

Devoted Health, a startup co-founded by serial health-tech entrepreneurs Ed and Todd Park, is raising at least $200 million in a deal that values the company at more than $3 billion, according to two people familiar with the matter.The round is not yet closed as the company plans to keep raising ... → Read More

Startups Face a ‘Fundamental Reset,’ Says VC —

Ann Miura-Ko is no stranger to investing during a crisis. She got her start in venture capital as an analyst on September 10, 2001. She co-founded her seed-stage fund, Floodgate, in 2008 just as Bear Stearns was collapsing.The current shock set off by the global coronavirus pandemic seems worse. ... → Read More

As Recession Looms, Brex Stockpiles Cash, Cuts Credit —

Before the coronavirus outbreak, Brex had become the poster child of Silicon Valley largesse. By offering fellow startups high-limit charge cards, its 24-year-old founders had attracted illustrious investors like Kleiner Perkins, rocketing Brex to a $2.6 billion valuation. Flush with cash, it ... → Read More

Startups Withdraw Applications for Government Loans, Fearing Backlash —

One week after submitting paperwork for a $2 million government loan from the Small Business Administration’s Paycheck Protection Program, Zumper CEO Anthemos Georgiades asked his bank to withdraw the application. He worried taking the money was ethically dubious and legally risky.“CEOs are ... → Read More

Airtable May Triple Valuation as Top Startups Attract Top Dollar, Even in Downturn —

As some startups implore venture capitalists for lifelines, others are negotiating deals at eye-popping valuations without offering so much as a pitch deck.Airtable, which makes cloud-based software for collaboration, has spoken to investors about raising at least $50 million in a round that ... → Read More

Next Year’s VC Funds May Be Hit Harder by Covid Recession, Says LP —

For the people who invest in venture capital funds, the impact of Covid-19 is like watching a “slow-motion plane crash,” Sapphire Ventures managing director Beezer Clarkson said in an interview with The Information. While VCs were still raising strongly in the first quarter, next year will be ... → Read More

Silicon Valley Bank Struggles as Startups Rush for Government Loans —

As the first set of entrepreneurs learned they would receive emergency loans administered through the federal Small Business Administration, many of those who had applied through Silicon Valley Bank were stuck trying to deal with glitches in the application process.The tech-focused bank had ... → Read More

VCs Could Exhaust ‘Dry Powder’ in a Year Unless They Slow Investing —

Venture capital investors are flush with cash, but they may want to slow down their spending.U.S. venture firms have roughly $150 billion of funds available to invest in cash-starved startups, a little more than half of the $279 billion they have raised since 2014. That estimate of the VC ... → Read More

Amid Downturn, Silicon Valley’s Balance of Power Shifts From Startups to VCs —

For years, entrepreneurs have called the shots in Silicon Valley’s startup ecosystem as an abundance of capital chased a limited supply of good ideas.But in a matter of weeks, as businesses everywhere lurch to a halt due to the coronavirus pandemic, the pendulum has swung decidedly back toward ... → Read More

Layoffs Accelerate Across Silicon Valley Startups —

As the world braces for a recession triggered by the coronavirus outbreak, venture capital–backed startups across several industries are making significant cuts to their employee numbers.Four companies have cut roughly 20% of their workforce in an effort to reduce cash burn rates and increase ... → Read More

Business as Usual—Remotely —

Last week, Google, Microsoft, Apple and other big tech companies began encouraging tens of thousands of their employees to work from home, in a dramatic response to help curb the coronavirus pandemic.Then there are people like Dave McJannet, whose company didn’t have to send employees home— ... → Read More

Big Stunts, Small Checks: Shrug Capital’s Unusual Rise —

Niv Dror used to ride his motorcycle up and down Sand Hill Road to ogle the entrances to Sequoia Capital, Andreessen Horowitz and other iconic venture capital firms. Then working as an accountant auditing Chris Sacca’s Lowercase Capital, Dror grew obsessed with powerful people and how they ... → Read More

VCs Brace for Fundraising Delays Amid Outbreak —

For venture capitalist James Wang, the spread of the coronavirus in mainland China last month came at an inopportune time—as he was raising money in Asia for a new investment fund. After signing up a Taiwanese sovereign wealth fund as an investor in the fund, he canceled the Hong Kong leg of his ... → Read More