In an unexpected move, Miles Grimshaw announced today that he is rejoining Thrive Capital after working as a general partner at Benchmark for the past three years.
Grimshaw first joined Thrive, a New York-based venture firm that Joshua Kushner founded, in 2013.
He is returning as a general partner.
When joining storied venture firm Benchmark in December of 2020, then-29-year-old Miles Grimshaw became its fifth general partner.
He had similarly joined a team of four other partners at Thrive back in 2013.
Flipkart co-founder Binny Bansal has resigned from the e-commerce group’s board, the two said Saturday.
Sachin Bansal, the Bengaluru-headquartered startup’s other co-founder, left the board in 2018 after scuffle with the investors.
Binny Bansal, who reserved the rights to stay on Flipkart’s board for as long as he preferred, cited conflict of interest with his new venture as the reason for the move.
“I am proud of the Flipkart Group’s achievements over the past 16 years.
After leaving Flipkart, Sachin Bansal founded Navi, a financial services firm that is looking to go public.
Hackers compromised the code behind a crypto protocol used by multiple web3 applications and services, the software maker Ledger said on Thursday.
The company says it has sold six million units of its hardware wallet, and Ledger Live, its software equivalent, is used by 1.5 million users.
That would allow the hackers to drain the crypto inside users’ wallets — so long as the users accepted the push to connect their wallets to the malicious Ledger version.
ZachXBT, a well-known independent crypto researcher, wrote on X that one victim had more than $600,000 in crypto drained from their account.
Several blockchain security researchers, as well as people who work in the web3 industry, warned users on social media of the supply chain hack against Ledger.
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