Remove Bahamas Remove Money Remove Raise
article thumbnail

That Fyre Fest tweet with the sad sandwich will be auctioned as an NFT for medical expenses

The Verge

But unlike the Fest itself, the tweeted photo of the limp cheese slice on wheat bread with some greens and a sad tomato in a styrofoam container isn’t a grift; as first reported by Axios , DeHaas is hoping to raise $80,000 which he plans to put toward his medical bills. Plus there are expenses for my donor that I would like to cover.”.

Bahamas 136
article thumbnail

Sam Bankman-Fried launches Substack: ‘I didn’t steal funds, and I certainly didn’t stash billions away’

TechCrunch

In a post titled “FTX Pre-Mortem Overview,” Bankman-Fried maintains his innocence surrounding the collapse and bankruptcy of FTX, a cryptocurrency exchange he founded in 2019 that went on to raise $2 billion in funding and achieve a valuation of a staggering $32 billion. His trial date has been set for October 2, 2023. Last month, a U.S.

Bahamas 99
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Coral Vita cultivates $2M seed to take its reef restoration mission global

TechCrunch

Coral Vita aims to modernize both coral restoration techniques and the economy surrounding them, and has raised a $2 million seed round to kick things off in earnest. “So if you think of what it’ll be like off the coast of Grand Bahama in 40-50 years, we can essentially simulate that to harden the corals against those conditions.

Global 112
article thumbnail

Flying taxi startup Lilium will build a hub for its electric aircraft in Florida

The Verge

It will work with the primary real estate developer in the area, Bahamas-based Tavistock Development Company, on the development and construction of the vertiport. Lilium denies it was seeking to raise that much money, citing lower labor costs in Germany. Lilium isn’t the only company with designs for flying taxis.

Florida 133
article thumbnail

Twitter battles all things ElonJet, SBF gets arrested, and OpenAI tries to figure out watermarking

TechCrunch

SBF arrested : Sam Bankman-Fried, founder of the FTX cryptocurrency exchange/Gordian knot that exploded oh-so-dramatically over the last few months, was arrested in the Bahamas this week. ” How much money should you raise for your startup? : Shortly thereafter, the U.S. The most common mistake he sees?

Twitter 98
article thumbnail

Remembering the startups we lost in 2022

TechCrunch

It is, frankly, a bad time to be raising and, by extension, a bad time to be running an early-stage startup. Before that, the commerce service platform raised $85 million in the country’s largest Series B funding, at a valuation of $275 million. It wasn’t from lack of interest — or money. Image Credits: Argo AI.

Images 144
article thumbnail

The Fyre Festival settlement reveals the true cost of schadenfreude — $7,220 a pop

The Verge

Tickets for the 2017 “luxury” music festival on a remote island in the Bahamas that actually turned out to be a beach full of FEMA tents and some pathetic cheese sandwiches, cost anywhere from $1,000 to as much as $12,000 — more if you bought a package deal.

Bahamas 81