Drive Capital’s second act –  how the Columbus venture firm found success after a split

The venture capital world has always had a hot-and-cold relationship with the Midwest. Investors rush in during boom times, then retreat to the coasts when markets turn sour. For Columbus, Ohio-based Drive Capital, this cycle of attention and disinterest played out against the backdrop of its own internal upheaval several years ago — a co-founder … Read more

Ready-made stem cell therapies for pets could be coming

Earlier this week, San Diego startup Gallant announced $18 million in funding to bring the first FDA-approved ready-to-use stem cell therapy to veterinary medicine. If it passes regulatory muster, it could create a whole new way to treat our fur babies. It’s still an experimental field, even though people have been researching stem cells for … Read more

Microsoft is closing its local operations in Pakistan

Microsoft is closing its operations in Pakistan, marking the end of a 25-year presence in the South Asian nation. The Redmond-based company on Friday told TechCrunch that it is changing its operational model in Pakistan and will now serve its customers through resellers and “other closely located Microsoft offices.” “Our customer agreements and service will … Read more

Slate Auto drops ‘under $20,000’ pricing after Trump administration ends federal EV tax credit

Slate Auto, the electric vehicle startup backed by Jeff Bezos, has stopped promoting that its upcoming pickup truck will start “under $20,000” following passage of President Trump’s tax cut bill. The bill, which is expected to be signed into law by Trump on July 4, will cause the federal EV tax credit to end in September — a $7,500 … Read more