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 […]

Term Sheet — Thursday, May 9

UBER HYPE The biggest IPO since Alibaba. The most anticipated Silicon Valley IPO since Facebook. The largest IPO of 2019. The hype is building as Uber tries to manage expectations. The ride-hailing behemoth now plans to price its public offering at or below the midpoint of its expected price range, which may value it at […]

Term Sheet –Tuesday, May 7

PROFITABLE UNICORNS & MORE The IPO hysteria continues. Ride-hailing startup Gett raised $200 million in a mix of debt and equity at a post-money valuation of $1.5 billion. Investors include Volkswagen, Access, Kreos, and MCI. Oh yeah — and it’s eyeing an initial public offering by 2020. Guess what Gett CEO Dave Waiser chose to […]