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Founder of EV startup Nikola charged with misleading investors

A federal grand jury charged Trevor Milton, founder and former chairman of EV startup Nikola, with three counts of criminal fraud, Bloomberg reports. He’s accused of lying about “nearly all aspects of the business” to increase stock sales of the electric vehicle startup, according to an indictment unsealed Thursday.Specifically, prosecutors charged him with two counts of securities fraud, including making false statements about the electric truck company, and wire fraud.In a separate complaint […]

todayJuly 31, 2021 2


What’s it like to be a startup founder in Barcelona?

Barcelona is an iconic city, known for its lively culture and creativity. However, in the last 20 years, the city has also become one of the world’s most attractive startup ecosystems. Barcelona is frequently ranked among Europe’s top five startup hubs and successful companies such as Travelperk, Typeform, and Glovo were founded in the city.But what explains Barcelona’s popularity among entrepreneurs and what is it like to be a founder […]

todayJuly 22, 2021 2


ByteDance founder Zhang Yiming to step down as CEO by end of 2021 – 98bmp

Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts. In an internal letter to employees, 38-year-old age Zhang said he is making the transition to spend more time on “long-term strategy, corporate culture, and social responsibility.” Zhang will work side by […]

todayMay 20, 2021 1


BukuKas gets $50M from investors including DoorDash’s Gokul Rajaram and TransferWise founder Taavet Hinrikus – 98bmp

BukuKas co-founders Krishnan Menon (left) and Lorenzo Peracchione (right) with a BukuKas user BukuKas, a startup focused on digitizing Indonesia’s small businesses, has raised $50 million in Series B funding. The round included participation from Gokul Rajaram, the DoorDash executive, and Taavet Hinrikus, co-founder and chief executive officer of TransferWise. This news comes just four months after BukuKas announced a $10 million Series A led by Sequoia Capital India. BukuKas will […]

todayMay 18, 2021 2


New Relic is bringing in a new CEO as founder Lew Cirne moves to executive chairman role – 98bmp

At the market close this afternoon ahead of its earnings report, New Relic, an applications performance monitoring company, announced that founder Lew Cirne would be stepping down as CEO and moving into the executive chairman role. At the same time, the company announced that Bill Staples, a software industry vet, would be taking over as CEO. Staples joined the company last year as chief product officer before being quickly promoted […]

todayMay 13, 2021 2


How one founder realized the potential of sustainable energy stored deep below our feet – 98bmp

On this week’s Found podcast, we sat down with Dandelion co-founder and President Kathy Hannun. Kathy came up with the idea for Dandelion while working at Google X, tackling some of the world’s most intractable problems, and making them tractable through the application of technology. Kathy realized that harnessing geothermal energy was a way to make an entirely new category of sustainable energy accessible at scale to markets where it […]

todayMay 9, 2021 2


How one founder made the most of Y Combinator in a pandemic year – 98bmp

This week, we welcome guest Hana Mohan to our podcast Found. Hana is the co-founder and CEO of MagicBell, a new startup she created with Josue Montano that just recently graduated from Y Combinator’s Winter 2021 cohort. MagicBell is a full-featured, plug-and-play notifications inbox aimed at developers who want to build one into their own product, but don’t want to have to build one themselves from scratch. Hana’s experience as […]

todayMay 1, 2021 2


Cloud gaming service Shadow taken over by OVHcloud founder – 98bmp

Blade, the French startup behind cloud gaming service Shadow, has been acquired by Octave Klaba’s fund following a commercial court order. Klaba is better known as the founder of OVHcloud, a French cloud hosting company. He’s acquiring Blade (and Shadow) through his investment fund Jezby Ventures — not OVHcloud. Shadow is a cloud computing service for gamers. People can pay a monthly subscription fee and gain access to a gaming PC […]

todayApril 30, 2021 2


How one founder partnered with NASA to make tires puncture-proof and more sustainable – 98bmp

This week’s episode of Found features The SMART Tire Company co-founder and CEO Earl Cole, a one-time Survivor champion whose startup is working with NASA to commercialize some of its space-age tech. Cole won a NASA startup competition seeking entrepreneurs to work with its scientists and researchers on applications of innovations it created for space exploration that could work right here on Earth, helping people while also forming the basis […]

todayApril 25, 2021 1