The Good News, Bad News, Week

By Keith Teare • Issue #312 • View online

34 new unicorns in May and three new decacorns. It’s the best time in 5 years to be a VC? But Tiger is down 52%, 15–20,000 tech workers have been laid off and Sheryl Sandberg is leaving Facebook. It’s a good news, bad news, week.

Both can be True at the Same Time

Content

• Good News

34 new Unicorns

Salesforce growth accelerating

Startup valuations are “highly attractive”

Money flows to private equity

It’s the best time to be a VC

Chipotle accepts crypto as payment

US insurers like crypto as an investment

FTX is growing

Binance is investing

Securitize tokenizes $500m fund

SEC wants ESG claims to be backed up

• Bad News

Tiger down 52% year to date

15,000 tech layoffs in May

Sheryl Sandberg leaves Meta

• Essays of the Week

Supreme Court sides against Texas on censorship

Young Rich Anti-Capitalists

• Startup of the Week