Monthly Archives: November 2022

Iterative launches its second fund for Southeast Asia startups

Despite global headwinds, Southeast Asia’s early stage startups are still going strong, say the founders of Iterative Capital. The Singapore-based venture capital firm, which runs a YC-style accelerator program, announced today it has raised $55 million for its Fund II from LPs like Cendana, K5 Global, Village Global and Goodwater Capital. Other backers include a…

What is the potential penalty if someone is convicted of ‘seditious conspiracy’

Proud Boys leader Enrique Tarrio leaves the D.C. Central Detention Facility on January 14, 2022. Evelyn Hockstein/Reuters Oath Keepers founder Elmer Stewart Rhodes and member Kelly Meggs were found guilty Tuesday of seditious conspiracy. Seditious conspiracy is when people conspire to overthrow, put down, or destroy the government. The charge carries with it a potential…

Senate passes landmark bill protecting same-sex marriage nationwide. It’s expected to pass the House and be signed into law by Biden

Senate Majority Leader Chuck Schumer (D-NY) gives the thumbs up as he leaves the Senate Chamber after passage of the Inflation Reduction Act at the U.S. Capitol August 7, 2022 in Washington, DC. Drew Angerer/Getty Images The Senate on Tuesday passed a landmark bill that would recognize same-sex marriage nationwide. Twelve Republicans voted with Democrats…

Elon Musk’s war with Apple shows just how much power Tim Cook has over how we all use the internet

Tesla CEO Elon Musk, Apple CEO Tim Cook. Britta Pedersen-Pool/Getty Images, Steve Granitz/WireImage Elon Musk is criticizing Apple’s App Store policies, and other tech CEOs have voiced support. Musk, who has 119 million Twitter followers, brings new attention to Apple’s tight control of iOS apps. Apple successfully defended its policies in previous court battles, but…

Sam Bankman-Fried says he only has $100,000 left in his bank account after FTX collapse: report

FTX Cryptocurrency exchange CEO Gabe Bankman-Fried at a hearing on Capitol Hill on May 12, 2022. Tom Williams/CQ-Roll Call via Getty Images Sam Bankman-Fried said he has “no idea” the status of his personal finances after FTX’s collapse. “I had $100,000 in my bank account last I checked,” the former CEO told Axios. Bankman-Fried once…