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Charting Form Ds to roughly see the state of venture capital “fund” raising

The startup bubble that no one is talking about August 28, 2025 Figure 1** Above is a graph that displays the amount of Form Ds filed, where the entity (read: company/firm) name contains the phrases "fund I", "fund II", "fund III", and "fund IV". The x-axis is not the prettiest, but it is broken down by quarter. You can see that the line for "fund I" sees by far the greatest peak around quarter 3 of 2022, with a steep drop off immediately after. The other lines have a similar, but less pronou

The startup bubble that no one is talking about

The startup bubble that no one is talking about August 28, 2025 Figure 1 Above is a graph that displays the amount of Form Ds filed, where the entity (read: company/firm) name contains the phrases "fund I", "fund II", "fund III", and "fund IV". The x-axis is not the prettiest, but it is broken down by quarter. You can see that the line for "fund I" sees by far the greatest peak around quarter 3 of 2022, with a steep drop off immediately after. The other lines have a similar, but less pronounc

Indian crypto exchange CoinDCX confirms $44M stolen during hack

India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on a partner exchange” was compromised during the hack. The executive assured that the incident did not affect customer funds and that all its customer asse

Indian crypto exchange CoinDCX confirms $44 million stolen during hack

India’s largest crypto exchange CoinDCX has confirmed that one of its internal operational accounts was compromised in a recent security breach, allowing the hackers to make off with millions in crypto. On Saturday, CoinDCX co-founder and CEO Sumit Gupta disclosed in a post on X that an internal account “used only for liquidity provisioning on a partner exchange” was compromised during the hack. The executive assured that the incident did not affect customer funds and that all its customer asse

Crypto theft is booming as criminals increasingly turn to physical attacks

The value of cryptocurrencies stolen by criminals surged in the first six months of 2025 after a high-profile hack and a wave of physical attacks targeting crypto holders and their relatives. So far this year, $2.17 billion has been stolen from crypto services — already eclipsing the $1.87 billion of funds stolen from platforms in 2024 — and this is expected to reach $4 billion by the end of 2025, according to a report published Thursday by blockchain analysis firm Chainalysis. Overall, the co

Brian Singerman is raising over $500M for a new fund with a twist on the VC model

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A portion of GPx’s fund will likely come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting pre-seed and seed-stage startups;

Brian Singerman’s new fund has a twist, and Peter Thiel as a big backer

Former Founders Fund GP Brian Singerman and co-founder and managing partner of Quiet Capital, Lee Linden, are seeking over $500 million for a new fund called GPx, three people familiar with their strategy told TechCrunch. A significant portion of GPx’s fund, potentially as much as 50%, will come from Founders Fund co-founder Peter Thiel, these people said. GPx uses a two-pronged strategy. The firm will invest approximately 20% of the capital into funds managed by emerging VCs who are targeting

The new math: Why seed investors are selling their winners earlier

Charles Hudson had just closed his fifth fund several months ago — $66 million for Precursor Ventures — when one of his limited partners asked him to run an exercise. What would have happened, the LP wondered, if Hudson had sold all his portfolio companies at Series A? What about Series B? Or Series C? The question wasn’t academic. After two decades in venture capital, Hudson has been watching the math of seed investing change, maybe permanently. LPs who’ve previously been patient with seven-to

DOJ files to seize $225 million in crypto from scammers

The Department of Justice reported yesterday that it filed a civil complaint to seize roughly $225.3 million in cryptocurrency linked to crypto investment scams. In a press release, the DOJ said it traced and targeted accounts that were “part of a sophisticated blockchain-based money laundering network” dispersing funds taken from more than 400 suspected victims of fraud. The 75-page complaint filed in the US District Court for the District of Columbia lays out more detail about the seizure. Ac

If You Were Surprised by an Amazon Refund From Years Ago, Here's Why

What's better than a surprise package from Amazon? A big chunk of money. After all the money you've spent at Amazon, it's only fair that the online shopping giant gives you some cash back, right? That's what some customers are discovering after learning about surprise Amazon refunds they've received, sometimes for purchases made years ago. One customer on LinkedIn said he received a refund of $1,800 for a smart TV bought in 2018. Others made similar comments about products bought long before.

Caltrain official lived in secret apartment built illegally inside train station

Joseph Navarro’s apartment was a typical Bay Area bachelor pad: on the small side, somewhat lacking in homey touches or creature comforts. But the location was hard to beat: stashed away inside the Burlingame Caltrain station. Images released Thursday by the San Mateo County district attorney’s office show the interior of the secret dwelling that Navarro, a former Caltrain deputy director, built illegally using public funds. Navarro lived in the snug chambers for years, but he will now reside