Davidson College confronts hazing head-on as it suspends Sigma Phi Epsilon, sparking broader discussions on fraternity culture and accountability. Continue reading for more details.
With $10 billion in cash back into its pockets, in addition to its robust AI innovation and resilient market leadership, the company is positioned to deliver substantial shareholder value
Last week, at a StrictlyVC event in San Francisco, we sat down with Mamoon Hamid and Ilya Fushman, two longtime VCs whose paths first crossed as children in Frankfurt, Germany, and who were brought in to reboot the storied venture firm Kleiner Perkins roughly six years ago. Among Kleiner's bets in recent years: Rippling, the workforce management company founded by serial entrepreneur Parker Conrad that was valued at more than $11 billion last year; Loom, a video messaging outfit recently acquired by Atlassian for just under a billion dollars; and Figma, the design tool company that came this close to being acquired by Adobe for $20 billion – and that Fushman and Hamid argue is now happily charting a course as an independent company.
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After using Figma to create user interfaces and experiences, developers are left with the hefty task of coding the designs in order to create functional websites or apps. Locofy, a Singapore-based frontend development platform backed by Accel, wants to save hours of work with a one-click tool that instantly turns Figma and AdobeXD prototypes into code. Locofy’s new tool is called Lightning and it’s built on top of the startup’s Large Design Models (LDMs).