#ventures Tech News.
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The latest ventures news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks ventures across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
StartupsTechFundingNewsabout 4 hours ago
PayPal Ventures folds: how $1.5B in cuts wiped out a 24-year bet on 14 unicornsPayPal shuts down PayPal Ventures, ending 24-year venture arm that backed 14 unicorns including Plaid, Olo, and Tabby. The move cuts $1.5B across 4,760 global jobs, part of CEO Enrique Lores' 2026 restructuring. Portfolio sold via Jefferies after last two partners Ashish Aggarwal and Alexandros Bottenbruch exit.
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