📉 Venture capital's silent crash

Today’s pick

Venture capital's silent crash: when the tech boom met reality. Investors of all stripes have crashed the clubby world of VC, drawn by the potential of tech start-ups. But there are signs the party is over The venture capital world is in the grip of a silent crash. Unlike the stock market, there are no daily… (Richard Waters / Financial Times)

Financial Times @FinancialTimes

Investors of all stripes in recent years crashed the clubby world of venture capital, drawn by the potential of technology start-ups. But there are signs the party is over

on.ft.comSubscribe to read | Financial TimesNews, analysis and comment from the Financial Times, the worldʼs leading global business publication

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A new study shows how much social capital matters. Friendships across classes are important aids to social mobility for young Americans. ( The Economist)

Alex Selby-Boothroyd @AlexSelbyB

New Raj Chetty paper on social mobility just dropped. Great write-up by @daniella_raz

economist.comA new study shows how much social capital mattersFriendships across classes are important aids to social mobility for young Americans

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Google CEO tells employees productivity and focus must improve, launches 'Simplicity Sprint' to gather employee feedback on efficiency. Google CEO Sundar Pichai announced to employees Wednesday a new effort called 'Simplicity Sprint,' which will solicit ideas from its more than 174,000 employees on where to focus and improve efficiency. Pichai said Google's productivity as a… (Jennifer Elias / CNBC)

Jennifer Elias @jenn_elias

Scoop: Google's launching a “Simplicity Sprint" to crowdsource ideas from employees on where the company should focus as well as “eliminate waste” as it faces more economic uncertainty ahead.

cnb.cxGoogle CEO tells employees productivity and focus must improve, launches ‘Simplicity Sprint’ to gather employee feedback on efficiencyIn an all-hands meeting last week, Alphabet CEO Sundar Pichai said employees need to be more productive and figure out where to cut distractions.

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Silicon Valley Lurches Between Deep Cuts and Bold Spending. Silicon Valley is conflicted over what to do about the market downturn. Startups are getting mixed signals as concerns about stock market volatility and the prospect of a recession clash with record amounts of capital investors have at the ready. (Heather Somerville / Wall Street Journal)

Heather Somerville @heathersomervil

Silicon Valley is a mess of contradictions in this novel market downturn. Some startups are making painful cuts. Others are taking their employees on beach-resort getaways and raising their largest-ever funding. wsj.com/articles/silic… @WSJ

wsj.comSilicon Valley Lurches Between Deep Cuts and Bold SpendingThe market correction is leaving some startups in crisis as others are taking employees on vacation.

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Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities. Bolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. markets. In some cases, the departure has been abrupt, leaving cities with… (Rebecca Bellan / TechCrunch)

TechCrunch @TechCrunch

Bolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities tcrn.ch/3zKhkkx by @RebeccaBellan

tcrn.chBolt Mobility has vanished, leaving e-bikes, unanswered calls behind in several US cities – TechCrunchBolt Mobility, the Miami-based micromobility startup co-founded by Olympic gold medalist Usain Bolt, appears to have vanished without a trace from several of its U.S. markets. In some cases, the departure has been abrupt, leaving cities with abandoned equipment, unanswered calls and emails and lot…

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