Connie Loizos

Carta, a once-high-flying Silicon Valley startup that loudly backed away from one of its businesses earlier this year, is working on a secondary sale that would value the company at $2 billion, TechCrunch has learned. Carta is working with the investment bank Jeffries on the sale and initially hoped to find demand for the offering at a valuation of $4 billion, but according to our sources, even $2 billion may prove ambitious. That’s a massive,

Last week, TechCrunch broke the news that the workforce management software outfit Rippling was on the cusp of closing a new, $200 million round of funding at a hefty $13.4 billion valuation led by Coatue. We also reported that the round featured a separate, $670 million secondary component meant to give some of the company’s investors a bigger bite of the company, while letting Rippling’s employees — some of whom joined at the outset in

Mahbod Moghadam, the controversial, never-boring co-founder of Genius and Everipedia, as well as an angel investor, passed away last month at age 41 owing to “complications from a recurring brain tumor,” according to a post attributed to his family and published on Genius. The startup world appears to have caught wind of his passing just this weekend, with numerous tributes springing up on the X platform, including by former TechCrunch writer-turned-investor Josh Constine, who once