700M

Venture

“Breaking Records: Discover the $700M SAFE, the Resurgence of IPOs, and Crossing Boundaries with a Cutting-Edge Venture Fund”

A $700M SAFE, IPOs are back, and how one venture fund is transcending bordersHello, and welcome to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, in which we dig through the most critical stories from the week and chat through new and emerging themes. This week we had Mary Ann, Becca, and Alex aboard. Becca of course is one of the two hosts of TechCrunch’s Found podcast, which talks to founders about how they built what they did, and how they did it! Today on Equity, however, here’s what we got into:We are back Monday with more!

Dylan Williams
March 22, 2024

Apps, Enterprise

Google Agrees to Pay $700M in Play Store Lawsuit Settlement

Google said today it will pay $700 million — $630 million to U.S. consumers and $70 to a fund used by U.S. states — in a settlement over Play Store reached in September. In September, the company reached a tentative settlement in a class action lawsuit filed by U.S. states and consumers originally filed in 2021. The complaint highlighted Google’s monopoly over app distribution on Android through the Play Store. Today, the company said it will expand the program in the country as part of the settlement. The company also said that it would make the sideloading process streamlined without giving any further details about the new process.

Dylan Williams
December 19, 2023

Crypto

DOJ Charges Bitzlato Co-Founder for Allegedly Processing $700M in Unlawful Transactions

DOJ charges founder of crypto exchange Bitzlato for processing $700M of illegal funds • TechCrunch

The Department of Justice alleges that Legkodymov processed over $700 million in illicit funds through his crypto exchange, Bitzlato. The DOJ has seized the exchange’s assets and placed Legkodymov under…