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An Auditing Startup Produced 2024’s Biggest VC-Backed M&A Exit. Who Could Be Next?
29 May

An Auditing Startup Produced 2024’s Biggest VC-Backed M&A Exit. Who Could Be Next?

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Big M&A deals don’t always involve the buzziest industries or companies. For a case in point, look at last week: Software investor Hg announced it would pay over $3 billion to acquire auditing platform provider AuditBoard. Amid a slow period for big M&A transactions, the deal ranks as the largest purchase of a U.S. private, venture-backed company in 2024, per Crunchbase data. If AuditBoard is a name you’ve never heard of, you’re not alone. While the Cerritos, California-based company has an enviable track record — profitable, with over $200 million in annual revenue —  it wasn’t a heavy venture fundraiser.…
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A Nonprofit Tried to Fix Tech Culture—but Lost Control of Its Own
29 May

A Nonprofit Tried to Fix Tech Culture—but Lost Control of Its Own

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Allen, a data scientist, and Massachi, a software engineer, worked for nearly four years at Facebook on some of the uglier aspects of social media, combating scams and election meddling. They didn’t know each other but both quit in 2019, frustrated at feeling a lack of support from executives. “The work that teams like the one I was on, civic integrity, was being squandered,” Massachi said in a recent conference talk. “Worse than a crime, it was a mistake.”Massachi first conceived the idea of using expertise like that he’d developed at Facebook to drive greater public attention to the dangers…
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I spent thousands renovating my kitchen and went over budget — but there are still 3 things I wish I’d done differently
29 May

I spent thousands renovating my kitchen and went over budget — but there are still 3 things I wish I’d done differently

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My partner and I decided to renovate our kitchen last January. We had a baby due in June, so we needed to get it done fairly quickly.And with the average kitchen remodel costing about $45,000, we also wanted to make sure we were getting our money's worth by creating a space we were really happy with. After picking a company to work with and going through a design consultation, we were all hands on deck and ready.However, during the renovation, we eventually went over budget and realized we should have done a few things differently.Skipping cabinet handles hasn't been worth…
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The work perk that GenZ really wants
29 May

The work perk that GenZ really wants

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For some young workers, having flexibility in their jobs is nearly as important as how much they get paid.In a survey of Gen Zers in the US by the career platform iHire, 81.3% said choice over "when, where, and how" they would do a job was either "extremely" or "very" important.That was nearly in line with the 82.2% who said having a potential employer offer a "fair and competitive" salary was either extremely or very important.The survey involved nearly 1,100 Gen Zers and took place in March and April.The findings highlight what's a priority for some among the youngest slice…
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Virtual Care Drives Rise In Addiction Treatment Startup Funding
29 May

Virtual Care Drives Rise In Addiction Treatment Startup Funding

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When Hollywood takes on addiction recovery, the script typically conjures up dingy rooms where the down-on-their-luck gather to share their struggles and fears. The prevailing venture-funded model, in contrast, offers little cinematic eye candy. Rather, the focus is mostly on startups where people in treatment message and video chat with care providers and use apps to track prescriptions. Visual appeal aside, there’s plentiful funding to bolster this smartphone-driven vision. Addiction-focused virtual care startups have pulled in hundreds of millions for business models largely based on building offerings scalable enough to meet the massive demand for treatment. Much of the funding…
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New Mexico experimented with a basic income program that gave $500 a month to immigrant families. They used the money to pay rent and secure jobs.
29 May

New Mexico experimented with a basic income program that gave $500 a month to immigrant families. They used the money to pay rent and secure jobs.

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New Mexico's basic income pilot set out to fill a gap in America's financial safety net: many immigrants aren't able to access help.Pandemic-era relief was largely restricted to US citizens, leaving undocumented households and families with mixed citizenship status without stimulus, rental assistance, or unemployment checks.With growing economic need, community leaders in New Mexico decided to try a different strategy — no-strings-attached cash payments."Mixed-status immigrant families don't always enjoy the same public benefits that other families and workers do because of their status," Marcela Díaz, executive director of economic justice organization Somos Un Pueblo Unido, told Business Insider. "What does…
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