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Tag Archives: Prime

Read the email from WeWork’s new chairman where he confirms layoffs and says: ‘What we are lacking is focus’ and ‘accountability’

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Landlords want to bulk up their office amenities, and a rush of startups are selling them tech to do it

WeWorkMobile apps have handed customers more choice and convenience, meaning many may be starting to demand more when it comes to office spaceWeWork brought consumer branding to the office. While some look to flexible office providers like Convene and Industrious to amenitize their space, some landlords and operators would rather …

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SAP CEO Bill McDermott resigned six months after activist investor Elliott elbowed in

ReutersFormer SAP CEO Bill McDermottSAP CEO Bill McDermott shocked the software world on Thursday by announcing his resignation, effective immediately.The resignation comes six months after activist investor Elliott Management announced that it had taken a stake in SAP, and after the company agreed to some of its demands to improve …

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Lambda School is Silicon Valley’s big bet on reinventing education and making student debt obsolete. But students say it’s a ‘cult’ and they would have been better off learning on their own.

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We got an exclusive look at the pitch deck this London startup used to raise $8.5 million from VCs to take on WhatsApp and Slack

New VectorNew Vector CEO Matthew HodgsonLondon-based startup New Vector raised $8.5 million to further expand its secure, decentralized messaging system Matrix. The company used a 19-slide pitch deck to lure in investment from prominent tech VCs including Notion Capital, Dawn Capital, and Firstminute Capital.New Vector has clients including the French …

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Inside WeWork's troubled Lord & Taylor building: A tale of outsized ambition, audacious renovations, and now financial worries

Reuters/Shannon StapletonThe Lord & Taylor building in Manhattan that Amazon is reportedly eyeing for office space.The Lord and Taylor building in midtown Manhattan, owned by a real estate fund linked to WeWork, is a symbol of the co-working company’s grand ambitions gone unchecked.Purchased in late 2017, the building was an …

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Extended-stay startup Zeus has inked employee housing deals with customers like scooter company Bird. Now, it’s expanding to New York.

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Oracle is hiring 2,000 people for its cloud business after laying off untold thousands earlier this year, and an insider explains why it's a smart strategy

Business InsiderOracle chairman and CTO Larry EllisonOracle on Tuesday announced it would be hiring 2,000 people for its cloud business in technical and business operational roles.That’s an insignificant number compared to its almost 139,000-strong overall workforce, but there are several strategic reasons why Oracle might want to tout these jobs.For …

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EBay is ramping up its sales efforts to take aim at Amazon's giant advertising business

D Dipasupil/Getty ImagesScott Kelliher, head of brand advertising and partnerships at eBay.EBay is taking aim at Amazon’s giant and growing ad business.The company is bringing its ad business in-house, has hired specialists, and has brought on a seasoned sales exec from Time and Yahoo.EBay’s pitch is that it’s easier to …

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VC Camber Creek, which has steered clear of co-working, explains how it invests in the midst of a proptech gold rush

Camber CreekJeff Berman, General Partner at Camber CreekThe first half of the year saw more dollars invested in proptech than all of 2018, and real estate tech venture fund Fifth Wall raised a half a billion dollars for its newest fund.Camber Creek, a DC-based venture fund, was founded eight years …

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