Monthly Archives: July 2022

WTF is a 409A?

In the past few months, both Stripe and Instacart have seen their internal valuations updated in a 409A appraisal process. The startups saw their valuations being slashed by 28% and 38%, respectively, as a result of the appraisals. What do these re-pricings signal to other late-stage, pandemic-spurred startups? And how seriously should we be taking…

Healthie lands $16.5M to build the Stripe for virtual patient care

The idea of starting Healthie, a software company meant to help healthcare companies and startups handle back-office operations, came to founder Erica Jain after witnessing her parents struggle with weight loss but lack of access to a comprehensive care team.  “What Healthie is building is akin to the way that Stripe changed the way ecommerce…

What NASA actually said about the space rock that hit the Webb telescope

Yes, a tiny rock particle hit the Webb telescope. No, the mission isn’t nearly doomed. You may have read misleading headlines emphasizing that the James Webb Space Telescope — the most powerful such observatory ever built — has incurred some permanent damage. That’s a cherry-picked bit from a new 55-page report describing the instrument’s excellent…

Over two billion passwords were leaked by hackers in 2021

Over the course of 2021, hackers managed to steal more than two billion passwords, a new report from ForgeRock has claimed.  The company’s fourth annual breach report found that besides passwords, hackers have also been stealing people’s names, addresses, Social Security numbers, dates of birth, protected health information (PHI), and payment or banking details. What’s…