IPOs that could happen soon, cannot happen soon enough

Earlier today we took a look at two companies that have filed to go public, nCino and GoHealth. The pair join Lemonade in a march toward the public markets. But those three firms are hardly alone. We know that DoorDash filed privately earlier this year (it also raised a pile of cash lately, so its […]

Affirming the position of tech advocates, Supreme Court overturns Trump’s termination of DACA

The U.S. Supreme Court ruled today that President Donald Trump’s administration unlawfully ended the federal policy providing temporary legal status for immigrants who came to the country as children. The decision, issued Thursday, called the termination of the Obama-era policy known as the Deferred Action for Childhood Arrivals “arbitrary and capricious.” As a result of […]

After IPO delays, DoorDash confirms $400M raise

DoorDash has confirmed that it is raising “approximately $400 million” in a Series H round of funding. Earlier today, Axios reported that the company was looking for roughly $400 million round at a post-money valuation of $16 billion. DoorDash clarified in a statement provided to TechCrunch that the valuation is slightly under the $16 billion […]

San Francisco DA sues DoorDash for classifying delivery workers as independent contractors

DoorDash is facing a lawsuit from San Francisco District Attorney Chesa Boudin for “illegally misclassifying employees as independent contractors,” Boudin tweeted today. In the complaint, Boudin argues DoorDash misclassified its workers and in doing so, engages in unfair labor practices. “Misclassifying workers deprives them of the labor law safeguards to which they are entitled, denying […]

Why are unicorns pushing back IPOs when the Nasdaq is near record highs?

The unicorns are still at it, Vision Fund 2 or no Vision Fund 2. This week, Instacart announced that it has raised fresh capital at a valuation north of $13 billion. And, on the tail of that news item, DoorDash is looking to add more cash at a valuation that could stretch to a pre-money […]