Term Sheet — Thursday, May 23

CRACKING DOWN Margrethe Vestager is the woman Silicon Valley fears most. In a new feature, Fortune’s Geoff Smith explains how Vestager, the European Commissioner for Competition, could be on course for the top job in the European Union’s powerful bureaucracy. Vestager stands to be one of the biggest winners from this week’s elections to the […]

Term Sheet — Wednesday, May 22

STAYING PRIVATE “Why would we go public?” That’s what TransferWise co-founder and chairman Taavet Hinrikus said in an interview after being asked about his IPO plans. It’s a good question given that the company is growing fast and has no problem raising large amounts of capital. TransferWise, which offers a cross-border money transfer service, announced […]

Term Sheet — Tuesday, May 21

DEBUT DEAL Mary Meeker has made her first investment out of Bond Capital, the new firm she launched after spinning out of Kleiner Perkins last year. Bond, which has raised $1.25 billion, participated in the $70 million funding round of online design platform Canva. The deal values the Australia-based company at $2.5 billion. Other investors […]

Term Sheet — Monday, May 20

NOT JUST A TAX BREAK There’s a new opportunity fund in town. Jim Sorenson’s Catalyst, a private equity firm he helped found, is raising $150 million to invest in opportunity zones. The group’s first fund, which Sorenson is seeding with $10 million, will focus on developing real estate with an eye toward delivering both market-rate […]

Term Sheet — Friday, May 17

AMAZON VS. UBER The food delivery wars are heating up in very interesting ways. Amazon just led an investment in Deliveroo, a London-based online food delivery platform. The company will raise $575 million in funding, and other investors in the round include T Rowe Price, Fidelity Management and Research Company, and Greenoaks. In total, Deliveroo […]

Term Sheet — Thursday, May 16

FORTUNE 500 DAY The Fortune 500 — Fortune’s annual list of the largest U.S. corporations ranked by total revenue — is out today. And here’s a fun fact: Just 500 companies produced enough revenue last year to equal two-thirds of the entire economic output of the United States. These American businesses sold an astounding $13.7 […]

Term Sheet — Wednesday, May 15

THE UNICORN PARADE Deals, deals, deals. Here are three to have on your radar today: $200 MILLION: First, Grofers, an India-based online grocery startup, raised $200 million in funding from investors including SoftBank’s Vision Fund, KTB, Tiger Global and Sequoia Capital. Grofers works with more than 5,000 stores in 13 cities across India. The company’s […]

We Love to Analyze Disastrous IPOs. Here’s What Actually Matters: Term Sheet for Monday, May 13

A TALE OF TWO IPOS We can’t help it — we love doom. A quick sampling of today’s headlines following Uber’s initial public offering that took place on Friday: “One of the Worst Performing IPOs Ever” and “Uber Bombed. Now What?“ Before we dive into Uber, let’s take a stroll down memory lane to almost […]