A new way for founders to connect with the right VCs

nfx-guild-labs-signal-partial-team A young Silicon Valley venture firm is taking the wraps off a piece of software that it says makes it a cinch for founders to figure out which VCs are worth approaching, based on stage, sector, and a variety of other factors.
It’s called Signal, and it’s the first project of NFX Guild Labs, an offshoot of the venture firm and invite-only accelerator program NFX Guild, which… Read More

K2 Global’s $183 million VC fund aims to decentralize Sand Hill Road

Hand Holding Money K2 Global is announcing a $183 million venture capital fund targeted at early stage startups with global aspirations. The fund is closing significantly larger than the $58 million the firm initially raised. With a decentralized team and no Sand Hill Road office, K2 Global aims to bring Valley hustle to international technology investing. In contrast to well known VC firms like Sequoia and… Read More

Chinese yuan strengthens to 6.8695 against US dollar Thursday

The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 135 basis points to 6.8695 against the US dollar Thursday, according to the China Foreign Exchange Trade System.

Lenders see net 2016 profit growth

The net profit growth in 2016 of Chinese commercial banks increased 1.11 percentage points year-on-year as of the end of the fourth quarter of 2016, while the nonperforming loan ratio dropped slightly after a continuous rise since the first quarter of 2012, according to data released by the national banking regulator on Wednesday.

Watchdog in stark warning to insurers

China’s insurance regulator vowed on Wednesday to “severely punish” short-term speculation by insurers and their aggressive purchase of listed companies’ stakes, a sign of intensified regulation to curb systemic risk in the industry.

Airbnb finalizes deal to buy social payments startup Tilt

tilt founders khaleed james beshara Airbnb has finalized its deal to buy social payments startup Tilt, TechCrunch has confirmed. We reported on the acquisition talks last month, but now everything has been made official.
We are told that investors will be getting back about $12 million in cash, but the deal value is tens of millions of dollars higher if you include employee retention packages, which were paid for… Read More

Now Twitter loses head of entertainment talent and director of finance

twitter-impressionist Twitter can’t seem to stop the management bleeding, which is complicating its attempts to pull off a turnaround after a tough year of layoffs and sinking share price. Yesterday its head of entertainment talent Lara Cohen, a major figure leading partnerships with content creators, left the company. Today, a director of finance David Bicknell is departing, though he’s more of a… Read More