Uh oh. Jumio, a Palo Alto-based online credentials authentication startup backed by Andreessen Horowitz and Eduardo Saverin, is filing for bankruptcy. The six-year-old company announced yesterday that it has begun voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court, which will allow it to sell its assets, after it was unable to secure additional funding due to “certain legacy issues combined with related government investigations and proceedings.” The company had raised $37M in total venture funding since 2010 from investors including a16z, Saverin, and Citi Ventures. Twitter celebrated its 10th birthday yesterday, if you didn’t notice the inundation of #LoveTwitter tweets in your newsfeed. Fred Wilson of USV expanded on his love for the product in a short blog post, while True Ventures’ Om Malik referred to Twitter as “a memory of a happier times” as it reminds him of a “web which was full of possibilities.” And over to Brooklyn: What do Fred Wilson, Michael Hayden, Josh Kopelman, Dawoon Kang, Chris Douvos, and Alex Chung all have in common? They are all going to be on stage at TechCrunch Disrupt NY May 9-11. Early bird tickets are on sale here till the end of the month! Interactive data visualizations on the Unicorn Leaderboard This quarter has already seen 8 new unicorn companies. In 2015, CrunchBase recorded 77 new unicorns, an average of 19 per quarter. Check out the latest investors and companies on our interactive timeline visualization. |