Bitwise

Bay Area startup Veev, once valued at $1B, to suddenly shutter

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Bay Area startup Veev, once valued at B, to suddenly shutter

A Veev worker looks on as a crane lowers a fabricated wall. Veev’s mission to make home-building faster with these walls ran up against financial struggles. Courtesy of Veev Veev, a Hayward-based company that raised hundreds of millions of dollars to “reimagine the home experience from the ground up,” is preparing to shut down. Veev’s … Read more

Feds allege Calif. tech execs lied about ‘dying venture’ to get $100M

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Feds allege Calif. tech execs lied about ‘dying venture’ to get 0M

FILE: Bitwise South Stadium, in Fresno, Calif., is permanently closed for the company’s former employees. Bitwise declared bankruptcy in June. Henry A. Barrios/The Washington Post via Getty Images Federal officials alleged this week that the two leaders of a Fresno-based tech company defrauded investors out of tens of millions of dollars to prop up their struggling … Read more