INSUBCONTINENT EXCLUSIVE:
headlines.This week was packed with news, most of it pretty bad
(A reminder that Equity now hits your podcast app twice a week, so peep us Monday mornings!)So what was on the docket? A host of things,
starting with a big new early-stage fund:Kleiner has more money, again
About a year after raising a $600 million vehicle, Kleiner Perkins raised a new, larger fund
Now flush with $700 million, the longstanding venture group has more money to play with than it has in recent memory
For early-stage deals, that is.Atrium shut down after raising $75 million
Investors got some of their money back, but the company had to lay off its 100 employees
Now, with novel coronavirus and other challenges, it and global tourism are hitting snags.We also poked at the Robinhood downtime that came
during a period of sharp trading swings
The company has a lot of work to do to recover user trust, and continue to grow into its valuation
from your friendly, local Equity crew
