The complicated calculus of taking Facebook’s venture money – TechCrunch

[ad_1] Facebook is reportedly getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call. According to a report in Axios, the company is building up a corporate fund under the auspices of its “New Product Experimentation” team, which launched…

If you’re not investing in diverse founders, you’re a bad investor – TechCrunch

[ad_1] BLCK VC is a nonprofit focused on empowering Black investors and increasing diversity in venture capital. We won’t sit here as we have for so many years with strong faces and encouraging words and pretend that we’re not tired. We’re tired because we’ve spent yet another week mourning our Black brothers and sisters who…

Big VCs stacked billions in Q1 while smaller firms saw their haul shrink – TechCrunch

[ad_1] Q2 2020 is the least-certain quarter I’ve ever covered Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. After spending perhaps more time than we should have recently trying to figure out what’s going on with the public markets, let’s return to the…

WeWork co-founder Adam Neumann accuses SoftBank of abusing its power in new lawsuit – TechCrunch

[ad_1] WeWork co-founder Adam Neumann accused SoftBank Group of abusing its power in a new lawsuit filed Monday that alleges breach of contract and breach of fiduciary duty for pulling a $3 billion tender offer for WeWork shares. The lawsuit, filed in Delaware Court of Chancery, included a motion to consolidate his case with a…