Filings Reveal PE, VC Return Amid Escalating Price Cuts

Some high-profile venture capital and private equity firms are lowering the valuation of their holdings. A high-profile company Capital and private equity firms are downgrading their holdings, wiping out billions in apparent profits as the economic downturn undermines the sustained growth of the past 13 years. The California Pension System, the largest pension system in … Read more

The startup ecosystem needs more scientists as founders

Many founders start their companies because they want to build a career around finding a solution to a problem or pain point. Scientists are no different, and yet you don’t see as many scientists becoming founders as engineers or operators. It is common to see biotech companies founded by scientists and researchers, but in many … Read more

Epic now rewards Fortnite creators for how long people play their experiences

Fortnite developer Epic Games adds a new “play time” metric to the calculations that determine how much creators are paid for the Fortnite experiences (called ‘islands’) they make. Time played is measured alongside player popularity and player retention stats that Epic introduced when it rolled out its updated creator payout system in March. This is … Read more

Nike’s NFT sneakers can be added to future EA Sports games

EA and Nike just announced a partnership that will bring certain virtual assets created by .Swoosh, Nike’s Web3 marketplace platform, to future EA Sports titles. No specific games have been mentioned and neither company has given much information about what to expect, although the creations will include virtual footwear and clothing. But the partnership with … Read more

Activision Blizzard CEO denies culture of harassment and blames unions for business problems

In 2021, the state of California sued Activision Blizzard because the video game publisher had harbored a pervasive culture of harassment for years. Details in the suit spoke of “cube crawls,” in which male employees would get drunk and walk about the workplace and subject female employees to inappropriate behavior. It was alleged that male … Read more