How the Kleiner Perkins Empire Fell

Some five years ago Vladimir Tenev and Baiju Bhatt, founders of a potentially disruptive no-fee stock brokerage startup called Robinhood, set out to raise capital for their fledgling Silicon Valley outfit. They sought a relatively small amount, $13 million, that would value their idea at $61 million. The former Stanford classmates, both within spitting distance […]

Norway’s State-Owned Oil and Gas Giant Is Backing a Battery-Research Fund

The rise of cheap renewable energy is starting to upend the bottom lines of fossil-fuel companies the world over. Initially, that was why so many of them instinctively fought the newfangled technologies. Increasingly, it’s why many of them are shifting strategy, hustling to try to profitably harness the wind and the sun. In the latest […]

Exclusive: Robinhood Made Its First Acquisition Ever — And It’s a Financial Newsletter

Robinhood, a no-fee trading stock trading startup, just made its first acquisition, and it’s a millennial-focused media company called MarketSnacks. This purchase may seem odd for the fintech giant valued at more than $5 billion, but it makes sense given Robinhood’s increased push to become one-stop shop for a young investor’s needs. “We improved market […]

Backstage Capital Shakes Up Its Management Structure

Backstage Capital founder Arlan Hamilton is stepping down as CEO of Backstage Studio, the firm’s venture studio that incubates new companies and products. Term Sheet obtained a memo and audio message she sent to investors yesterday detailing the management changes at the firm. From now on, Christie Pitts, a partner and chief of staff at […]

21 Female Venture Capitalists on Investing, Diversity, and the Value of Independent Thought

We all know the stats. Only 2% of venture funding went to female founders, and just 8% of partners at the top venture capital firms are women. But in honor of International Women’s Day, I decided to highlight something else — the people behind the stats. I’ve conducted 49 interviews for Term Sheet’s ‘5 Qs […]

John Henry: Changing The Color Of Money

John Henry Matos came from nothing and dropped out of community college. That’s not the typical origin story of an entrepreneurial dynamo, yet today he’s giving keynote speeches at tech conferences, glad-handing millionaires at awards parties, developing partnerships any way he can, and appearing in the February issue of Fortune (“Meet Vice’s Hustler-in-Chief“). Finding inspiration […]

KKR Invests in Cybersecurity Firm KnowBe4 at $800M Valuation

Cybersecurity startup KnowBe4 has secured a minority investment from private equity giant KKR that values the firm at more than $800 million. KKR is making an initial commitment of up to $50 million in KnowBe4, according to sources with knowledge of the transaction, with plans for an additional investment in the company already in the […]

Mithril Capital’s Ajay Royan Talks about Working with Peter Thiel and Why ‘Investing Is Hard’

It’s been an interesting month for Ajay Royan. On the one hand, Mithril Capital–the venture capital firm he co-founded with Peter Thiel in 2012–just had its biggest win to date after Johnson & Johnson agreed to buy Mithril-backed medical robotics firm Auris Health for $3.4 billion. The deal, which has been described as the largest-ever […]