Aug 1, 2022 • 2M

📉 Venture capital's silent crash: when the tech boom met reality

Plus: A new study shows how much social capital matters, Google CEO launches 'Simplicity Sprint' to gather employee feedback on efficiency, and more…

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Join the Newslit Team every weekday morning as they guide you through some of the most fascinating stories in tech and business to supercharge your mornings.
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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)

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

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)

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)

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)

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Jose Montes de Oca

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