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Is Forever 21 going out of business? Stores closing, locations in peril as retailer files for 2nd bankruptcy

Fast Company Tech

The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. Like Joann, Forever 21 is now in its second bankruptcy; it also filed for Chapter 11 protection in 2019, just months before the pandemic. Forever 21 is facing another bankruptcy.

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Filing: Instant grocery startup Gopuff to raise $1B on a $15B post-money valuation

TechCrunch

Documents uncovered by Prime Unicorn Index and shared with TechCrunch show that the startup has filed papers in Delaware to raise up $1 billion raise at a $14 billion pre-money valuation. As with all Delaware filings, they only tell part of the story, so the company might ultimately raise more or less before the round closes.

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Ask Sophie: How do we transfer H-1Bs and green cards to our startup?

TechCrunch

investors who invest in my international founder clients tend to be interested in whether the startups have an innovative idea with some initial traction, a strong founding team and are structured as a Delaware C-corporation. Let me take your second question first. Based on my experience, the majority of U.S.

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Zocdoc founder returns with Shadow, an app that finds lost dogs

TechCrunch

The lawsuit detailed the internal strife inside Zocdoc at the time. A New York Supreme Court judge recently determined this lawsuit, which is ongoing, needs to be filed in Delaware, instead of New York. He sued his co-founders and CFO for orchestrating a plot to oust him from the company during a Nov.

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New Data: Foundation Portfolios Gained $230 Billion

The NonProfit Times

The asset growth of the past 15 months caps a five-year period during which foundation portfolios grew by more than 50% ($550 billion) from the $1 trillion they had on hand at the start of 2019, according to new data compiled by research outfit FoundationMark in Lewes, Delaware. In the five-year period to March 2024, foundations gained 8.2%

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Dear Sophie: Which immigration options allow me to launch my own startup?

TechCrunch

Dear Sophie: Should we sponsor international hires for H-1B transfers and green cards? . Dear Sophie: Should we look to Canada to retain international talent? So, if you or your employer were selected, be sure to file an H-1B petition by November 3. company, such as a Delaware C corporation registered in California.

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Butler shows hundreds of employees the door after raising $50M for room service delivery

TechCrunch

However, the startup found COVID-19 having both direct and indirect lasting effects, he added, among them labor and supply chain shortages, closed international borders, and continued delays of corporate and group travel. Some of the complaints have been more public and open. “Butler is not operational.

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