SomervilleWall

Sources: TuSimple plans to cut at least half its workforce, or ~700 employees, next week, as it scales back on building and testing self-driving truck systems (Heather Somerville/Wall Street Journal)

December 17, 2022

[ad_1] Heather Somerville / Wall Street Journal: Sources: TuSimple plans to cut at least half its workforce, or ~700 employees,…

Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock, as the US investigates the self-driving trucking company (Heather Somerville/Wall Street Journal)

November 17, 2022

[ad_1] Heather Somerville / Wall Street Journal: Filings: TuSimple co-founder Mo Chen consolidates power, acquiring 59% of the voting stock,…

PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior full-year cycle, concentrated among large funds at Sequoia, Lightspeed, and others (Heather Somerville/Wall Street Journal)

November 4, 2022

[ad_1] Heather Somerville / Wall Street Journal: PitchBook: VCs raised $151B across Q1, Q2, and Q3 2022, exceeding any prior…

Research: Chinese investment in US VCs reached ~$880M in 2022, the second-highest level in 12+ years; China-linked groups invested $4B+ in US VCs since 2010 (Heather Somerville/Wall Street Journal)

September 15, 2022

[ad_1] Heather Somerville / Wall Street Journal: Research: Chinese investment in US VCs reached ~$880M in 2022, the second-highest level…

As startups face potential drops in valuation and VCs demand lower spending and higher margins, some companies turn to cutting staff, marketing, and projects (Heather Somerville/Wall Street Journal)

May 17, 2022

[ad_1] Heather Somerville / Wall Street Journal: As startups face potential drops in valuation and VCs demand lower spending and…

BRINC, Skydio, and other US startups are replacing DJI drones in Ukraine, following unexplained failures in the Chinese company's equipment during the war (Heather Somerville/Wall Street Journal)

April 22, 2022

[ad_1] Heather Somerville / Wall Street Journal: BRINC, Skydio, and other US startups are replacing DJI drones in Ukraine, following…