Singapore to update restructuring and insolvency framework to better serve economy, businesses

Singapore to update restructuring and insolvency framework to better serve economy, businesses

Tong stressed that premature liquidation could destroy value and that financial distress does not necessarily mean a business is no longer viable [SINGAPORE] Forty years after judicial management was introduced in Singapore, the process has not always fulfilled its purpose of rescuing beleaguered but viable businesses and preserving their value. “Too often, it has become a…

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‘You Can See Everything’: Theranos whistleblower says Elizabeth Holmes is ‘still lying’

‘You Can See Everything’: Theranos whistleblower says Elizabeth Holmes is ‘still lying’

A former research engineer who worked closely with Elizabeth Holmes at Theranos says “You Can See Everything” doesn’t show, well, everything. You may remember Tyler Shultz from HBO’s “The Inventor: Out for Blood in Silicon Valley,” or even the fictionalized series “The Dropout” starring Amanda Seyfried as the disgraced Theranos CEO. He was one of…

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Team Messaging App Zenzap Raises $44M to Rival WhatsApp

Team Messaging App Zenzap Raises M to Rival WhatsApp

Zenzap has raised $44 million to build a private, AI-enabled work messenger that aims to replace WhatsApp for team communication, TechCrunch reported on October 14. Bessemer, Lightspeed, and The Garage backed the round, along with a few individual investors. If your team coordinates through personal chat apps, this story is for you. Messages scatter, files…

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Cloud Cost Management Startup North.cloud Raises $60M

Cloud Cost Management Startup North.cloud Raises M

North.cloud has closed a $60 million Series B round, with PeakSpan Capital as lead investor, AI Weekly reported on October 15. The company builds software that helps businesses control what they spend on cloud and AI services. That is a problem many young companies discover too late. When your product runs on cloud servers and…

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Ramp Valuation Hits $60B: Growth Lessons for Founders

Ramp Valuation Hits B: Growth Lessons for Founders

Corporate card startup Ramp is reportedly valuing itself at about $60 billion after a round of roughly $1.85 billion, The Next Web reported while citing Bloomberg. Dragoneer and Thrive Capital reportedly led the deal, and Founders Fund also took a large position. Ramp declined to comment, so treat the details as reported rather than confirmed.…

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AI Layoffs Push Workers Toward Starting Businesses

AI Layoffs Push Workers Toward Starting Businesses

AI has become the most common reason U.S. employers give for layoffs this year, according to a contributor analysis in Entrepreneur, republished on October 18. The piece says roughly one in five announced 2026 layoffs pointed to AI, while new business filings climbed too. For a young founder, that pairing is both a warning and…

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NYC prosecutors slam ex-DOB commish Eric Ulrich as a ‘compromised politician’ who’d do anything for cash as trial kicks off

NYC prosecutors slam ex-DOB commish Eric Ulrich as a ‘compromised politician’ who’d do anything for cash as trial kicks off

Ex-New York City Buildings Commisher Eric Ulrich was a “compromised politician” so desperate for cash that he accepted bribes — including $10,000 Mets season tickets — so his inner circle could be closer to former Mayor Eric Adams, Manhattan prosecutors said Monday at the start of his trial. “They say politics is the art of…

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Mass Arbitration Startup Chariot Claims Raises $10M Series A

Mass Arbitration Startup Chariot Claims Raises M Series A

Chariot Claims secured $10 million in Series A funding on October 15 to grow an AI platform that helps consumers file claims against large companies. Mike Dodd of Silverton Partners led the round, and a long list of funds and angels joined. The startup is betting that mass arbitration can beat class actions on payout.…

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FTC Investigation Targets OpenAI and Anthropic: Founder Checklist

FTC Investigation Targets OpenAI and Anthropic: Founder Checklist

According to recent reporting by Axios, “The Federal Trade Commission sent civil investigative demands to Anthropic and OpenAI.” The notices went out on October 14, and amount to civil subpoenas. The agency is looking at possible violations of consumer protections tied to AI safety incidents. If your product runs on one of these models, this…

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