Startups are rapidly approaching a mass extinction event, according to Tom Loverro, a general partner at IVP. While startups often die silently, VCs are aware that they are attaching risk to their portfolios, hoping a select few will turn into big names like Twitter or Meta. Elsewhere in tech, Amazon CEO and world’s richest man, Jeff Bezos, made news by buying a single share of Amazon stock for the first time since the 1990s. Furthermore, Andreessen Horowitz, a venture capital giant, has opened its first overseas office in the United Kingdom.
Self-driving car company, Cruise, is facing backlash after one of their vehicles stalled during a police response to a mass shooting in California. Meanwhile, numerous Silicon Valley tech bosses are mandating that employees return to the office, rather than remain at home.
Finally, Tesla enthusiasts are exploring the possibility of charging their electric cars while on the road through methods such as electric roads and solar panels. If you’re looking for high-quality streaming gadgets, make sure to check out Insider’s top picks for a more enjoyable entertainment experience.
