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Check FAQAbout Kate
Kate Clark has worked in Afghanistan on and off since 1999 when she was the BBC correspondent in Kabul. Kate was the only western journalist in Afghanistan during the last years of the Taleban regime and covered the 2001 war and its aftermath. She is currently the Country Director of the Afghanistan Analysts Network, a non-profit, research organisation (******). Kate is a highly experienced broadcast journalist (radio and TV) and one of the veterans of the media in Afghanistan.
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Portfolio
TikTok Shop’s ‘Buy Local’ Strategy Thwarts Chinese Merchants
A Chinese startup, Tymo, has seen significant growth in sales by leveraging TikTok Shop's e-commerce platform, surpassing its previous performance on Amazon. TikTok's subsidies have enabled Tymo to offer competitive prices, resulting in a substantial increase in daily sales. Tymo anticipates TikTok to contribute significantly to its revenue growth, leading to the expansion of its operations in the U.S.
Microsoft Security Breaches Rile U.S. Government Customers
Microsoft's cybersecurity software, bundled with Office and Teams, faces scrutiny after recent hacks, including a breach by Chinese hackers affecting the U.S. State Department. This has led to the agency considering alternative cloud providers like Amazon Web Services and Google Cloud, indicating potential shifts in cloud service partnerships.
Why TikTok’s Own Investors Won’t Defend It; A Robotics Renaissance
U.S. venture capitalists with stakes in ByteDance, TikTok's parent company, face a dilemma as legislation to ban TikTok advances in the Senate. While they could advocate for TikTok to protect future returns, many choose silence to maintain good relations with policymakers and uphold their reputations amid rising patriotic pressures in Silicon Valley. The focus has shifted towards AI and robotics, with the latter gaining significant attention in venture capital circles, overshadowing the controversies surrounding TikTok. Jeff Yass, co-founder of Susquehanna International Group, stands out as a notable ByteDance investor.
GM’s Software Head Resigns After Less Than a Year Due to Health Issues
Michael Abbott, the head of software and services for General Motors, is resigning less than a year after joining the company due to health issues. Abbott previously held executive roles at Palm, Twitter, and Apple, where he managed the iCloud service from 2018 to 2023 before leaving for GM in April.
Blackstone-Founded E-Commerce ‘Roll-Up’ Firm Shuts Down
Blackstone, a major investment firm, co-founded an e-commerce startup named Kite with a $200 million commitment. Kite aimed to acquire small consumer goods brands and enhance their operations with advanced software. However, Kite utilized only $25 million of the funds before shutting down and laying off over 25 employees earlier this year, reflecting a significant slowdown in e-commerce growth.
Crisis at Carta: How Henry Ward’s Dream of a Nasdaq for Private Startups Died
Henry Ward, co-founder of Carta, defied venture capitalists' skepticism by tripling sales of Carta's subscription software to $150 million in 2021. This success led to the launch of his vision for a stock exchange for startups, dubbed the 'Nasdaq for private markets.' Investors such as Andreessen Horowitz, Silver Lake, and Tiger Global Management invested $1 billion, valuing the company at $7.4 billion. The company's headcount grew past 1,500, aligning with Marc Andreessen's prediction that Carta would revolutionize Wall Street and the financial world.
Briefing: Coatue General Partner Michael Gilroy Exits
Michael Gilroy, a general partner at Coatue Management who co-led its growth team and focused on fintech companies, is leaving the firm. Coatue Management, a hedge and venture fund based in New York, did not comment on his departure. Gilroy was involved in the firm’s investments in startups such as Mercury and Melio Payments.
Sequoia Partner Luciana Lixandru Joins Stripe Board as Michael Moritz Exits
Sequoia Capital has strengthened its influence at Stripe by adding partner Luciana Lixandru to the board, coinciding with Michael Moritz's departure. Additionally, Sequoia Heritage has placed partner Kevin Kelly on the board, marking a strategic move for Sequoia during a pivotal period.
Fidelity Backs AI Infrastructure Startup at $9 Billion-Plus Valuation
Vast Data, an AI software and storage startup, raised a new funding round led by Fidelity Investments, with participation from NEA and Bond, valuing the company at over $9 billion. This is a significant increase from its $3.7 billion valuation in 2021. The company plans to use the funds to buy back stock from existing shareholders at a price implying a lower valuation than the $9 billion from the funding round.
If Sam Altman Returns to OpenAI, Board Will Go
Sam Altman, OpenAI's ousted CEO, was considering a return to the company amid employee support and pressure from major investors on the board to reverse his ousting. His return would necessitate a replacement of the board members. Altman was also contemplating starting a new venture. Employees and investors, including Tiger Global, rallied in support of Altman, while Sequoia Capital engaged with both Altman and Microsoft, OpenAI's largest backer, to facilitate his return.
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