Kate Clark, The Information

Kate Clark

The Information

San Francisco, CA, United States

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Recent:
  • The Information
Past:
  • TechCrunch
  • PitchBook Data
  • The Seattle Times

Recent articles by Kate:

‘Truly extraordinary’: Unicorn Startups Boast 300X Valuations

Orca Security’s March funding round made the two-year-old software startup a unicorn—and gave it an unusual claim to fame. With approximately $4 million in annualized revenue when it briefed investors early this year, the cybersecurity company’s $1.2 billion valuation translated to 300 times ... → Read More

‘These Guys Are Very Different’: Inside Andreessen Horowitz’s Rise

As recently as two years ago, the performance of Andreessen Horowitz’s investments in tech startups were average, despite the firm’s outsize public profile. But its partners had placed bigger bets on cryptocurrencies than almost anyone else, and they did so during moments when most investors had ... → Read More

Inside Tiger Global’s Deal Machine

In early 2018, Tiger Global Management hired retired U.S. Army colonel Greg Gadson to speak at the hedge fund’s offsite conference at Miraval, a luxury resort and spa in Arizona’s Sonoran Desert. Gadson, who lost both legs to an explosion in Baghdad, shared this advice on overcoming intense ... → Read More

SoftBank to Invest More Than $100 Million in Fitness Startup Tempo

Tempo, a 2-year-old startup trying to challenge Tonal, Mirror and Peloton in the at-home fitness market, is finalizing a more than $100 million investment led by SoftBank, two people familiar with the matter said. The deal shows that even as people return to gyms as the pandemic ebbs, venture ... → Read More

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million ... → Read More

Altimeter to Lead Plaid Deal After Scrapped Visa Merger

Plaid, the financial technology startup whose planned sale to Visa fell apart in January, is raising about $600 million in a funding round that could value it at between $10 billion to $15 billion, according to four people close to the company. Altimeter Capital, a hedge fund turned VC firm that ... → Read More

‘Can’t Get More Crazy’: Series A Valuations Extend Record Rise

Financial software developer Orum, which disclosed a seed round over the summer, wasn’t seeking more capital when Bain Capital Ventures offered to lead its Series A investment last year. But the one-year-old startup took the money anyway and got a post-investment valuation of $100 million, ... → Read More

No ‘Trader Bros’ Here: Public CEO Rides Anti-Robinhood Backlash

These are strange times for stock-trading app Public. New customers, irate over rival Robinhood’s trading policies, have been rushing to sign up. Deep-pocketed investors are vying to back it. And the 60-person startup has just abandoned a practice of accepting payments for routing trades to big ... → Read More

Andreessen Horowitz Wins Deal for Creator Economy Startup Stir at $100 Million Valuation

Andreessen Horowitz recently won a competitive deal to lead the Series A financing of Stir Money, a startup whose software helps video and audio producers, writersand performers manage the income they generate from ads on social media and via direct payments from fans. The Silicon Valley ... → Read More

Robinhood’s Staff Fret Over Mission After Startup Halted ‘Meme Stock’ Buying

In the eyes of some employees at Robinhood, the stock trading app lost its way when it decided Thursday to halt the buying of “meme stocks” such as videogame retailer GameStop, which Robinhood customers bought in order to squeeze hedge funds that had bet that those stocks would fall. After ... → Read More

Briefing: Clubhouse Confirms New Funding, Will Launch Paid Features —

The audio-based social network Clubhouse said Sunday that it raised a new round of funding from the venture capital firm Andreessen Horowitz, money it will use to introduce paid features and set up a grant program to pay popular users. The announcement comes two days after The Information reported that the buzzy startup, which remains accessible only on iPhones and through an invite system, → Read More

Employee Pressure Not a Factor in Deplatforming, Tech Companies Say

When Amazon, Twitter and other tech companies booted President Donald Trump along with social networking app Parler and others blamed for last week’s mob violence from their platforms, workers at the tech companies were thrilled. In some cases, the moves came after employees had been asking for ... → Read More

Mary Meeker’s VC Firm Bond Invests in Ironclad at Nearly $1 Billion Valuation

Ironclad, which develops software that helps companies such as Dropbox and Mastercard create and manage business contracts, has raised at least $100 million in a Series D funding at a post-investment valuation of more than $950 million, or more than double its valuation from a year ago, ... → Read More

2020’s Biggest VC Winners

When Airbnb and DoorDash go public later this week, it will be a home run for a number of VC firms but particularly for Sequoia Capital, which has been an investor in both companies since their early days. The exits cap a remarkable year for the venerable VC firm, which had a stake in nearly ... → Read More

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