Kate Clark, The Information

Kate Clark

The Information

San Francisco, CA, United States

Contact Kate

Discover and connect with journalists and influencers around the world, save time on email research, monitor the news, and more.

Start free trial

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

Recent articles by Kate:

Disappearing Term Sheets and Down Rounds: Inside Venture Capital’s New Normal

On a Monday in February, founder Annafi Wahed downed two glasses of wine, called her best friend and had a good cry. A venture capitalist had just emailed to say he was walking back a verbal agreement he made late last year to lead a seed round in The Flip Side, her media startup, with a ... → Read More

Consumer VC Firm Maveron Raises $225 Million Amid ‘Serious Paradigm Shift’

Venture firm Maveron, whose well-timed investments in eBay and Drugstore.com helped it get through the 2000 dot-com bust with relative ease, had a tougher time during the financial crisis eight years later, when it was forced to downsize and narrow its focus to early-stage investing in consumer ... → Read More

VCs Brace for Crypto Winter as They Weigh Whether to Dial Back

This week’s crypto collapse has obliterated $400 billion in market value from cryptocurrencies including heavyweights bitcoin and ethereum. Now venture capitalists who have rushed into the sector have to grapple with a key question: Are they in or out? → Read More

More Startup Layoffs Are Coming as Investors Push Founders to Conserve Cash

Silicon Valley startups are facing hard choices: Cut jobs now or risk incurring worse pain later. Following a hiring and funding boom in 2021, technology startups have started to lay off workers to conserve cash. In the past month alone, more than 2,000 employees have lost their jobs at half a ... → Read More

In Denver, an Ethereum Conference Overflows With Burning Man Vibes and Anti-VC Sentiment

“You can’t help but walk around here and go, ‘What the fuck is this?’” John Paller is sitting in a small, white-walled meeting room somewhere inside the century-old Denver Sports Castle, a six-floor, 35,000-square-foot former Chrysler showroom that’s overdue for a renovation. The longtime Denver ... → Read More

Tiger Global Raised $11 Billion for New Venture Fund, Exceeding Target

Tiger Global Management, the New York–based hedge fund that made more private tech investments than any other firm last year, raised more than $11 billion for its latest venture capital fund as of January, according to a person familiar with the matter. The firm plans to close the fund, Private ... → Read More

Founders Fund Invests in Corporate Card Startup Ramp at $8 Billion Valuation

Venture capital firm Founders Fund has led a new investment in Ramp, a corporate credit card and spending management software startup that is less than three years old, at an $8 billion valuation, including the investment, said two people familiar with the matter. The deal, initially struck in ... → Read More

Crypto Startup MoonPay Valued at $3.4 Billion in First VC Funding

Crypto payments startup MoonPay is raising its first round of venture capital at a $3.4 billion valuation including the investment, according to two people familiar with the matter. Tiger Global Management and Coatue Management are co-leading the $400 million financing for the bootstrapped ... → Read More

Founders Fund, Iconiq Value Ramp at $3.8 Billion in New Funding Round

Corporate credit card startup Ramp is raising its fourth round of venture funding in under eight months, underscoring how back-to-back fundraising rounds—with relatively little business progress in between—is becoming the norm for startups in hot fields such as financial services. Founders Fund ... → Read More

Robinhood’s Biggest IPO Winners

When Robinhood was raising its early funding rounds, co-founder Baiju Bhatt kept a journal. In it were pages filled with the names of over 100 investors, most of them accompanied by an “X” mark to indicate they had passed on the investment, said an early investor who saw the journal. Those who ... → Read More

Startups Turn to Wall Street to Broker VC Deals

For years, startups turned to Wall Street bankers either in the best of times—when they were big enough to go public—or the worst, such as when they needed to find a buyer. Now they are paying for investment bank services for a function that’s much more routine: raising early-stage venture ... → Read More

MobileCoin, Which Powers Crypto Payments on Signal, Valued at $1 Billion

MobileCoin, a cryptocurrency business with close ties to Signal and its founder, Moxie Marlinspike, has raised more than $75 million in venture capital funding at a $1 billion valuation, more than 10 times higher than at its last financing in March, according to two people familiar with the ... → Read More

New Talkdesk Financing Targets $10 Billion Valuation

Talkdesk, a developer of cloud-based software to manage call centers and other customer service, has indicated it is raising a new round of capital that would grant the company access to the “decacorn” club, a fast-growing group of privately held startups whose valuation exceeds $10 billion. The ... → Read More

Robinhood Valued at $55 Billion on Secondary Market Ahead of IPO

Anticipation of Robinhood’s upcoming initial public offering, which took a step forward when the stock-trading app filed paperwork for the offering with the SEC on Thursday, has prompted secondary market investors to offer to buy its private shares at an implied valuation of $55 billion. That’s ... → Read More

Is Sand Hill Road Over? No. But Zoom Deals Are Here to Stay

When Andreessen Horowitz finishes construction on its new office in San Francisco’s SoMa neighborhood, its partners shouldn’t expect to find an assigned desk waiting for them. Instead, they’ll need to reserve space to work or meet with prospective portfolio companies under the firm’s new office ... → Read More

Crypto Lender BlockFi in Talks to Raise Funding at $5 Billion Valuation

BlockFi, a wealth management and trading firm for cryptocurrency holders, is raising new funding just three months after its last round. It's the latest sign that VC interest in cryptocurrency, supercharged by Coinbase’s direct listing two months ago, is overriding a recent steep retreat in ... → Read More

Union Square Ventures Values Crypto Publishing Tool Mirror at $100 Million

Union Square Ventures, an early backer of the cryptocurrency exchange Coinbase, has invested in crypto publishing tool Mirror.xyz at a $100 million valuation, according to two people with direct knowledge of the funding. The one-year-old startup has raised at least $10 million across two recent ... → Read More

The Stripe Founders’ Right-Hand Man

A few years ago, a saying started to ricochet around Stripe’s brick-faced headquarters in San Francisco: If Stripe co-founders Patrick and John Collison, both licensed pilots, were to ever get in a plane crash on one of their jaunts, Will Gaybrick would be first in line to succeed them. The ... → Read More

Inside Rounds Hit Record $30 Billion as Investors Double Down

Venture capitalists may be getting too comfortable with marking up their own portfolios. The number of inside rounds, or VC deals in which only a startup’s previous investors participate, reached a high of over 1,000 in the U.S. last year and could top that record by the end of 2021, according ... → Read More

Before CEO’s Ouster for LSD Use, Iterable Investor Sold Stake to Silver Lake

Weeks before the board of Iterable pushed out its CEO Justin Zhu for violating a company drug policy, one of the company’s biggest investors sold about half its stake in an unusual move that could signal its dissatisfaction with his leadership. Earlier this month, venture capital firm Index ... → Read More