And1, once a wildly popular basketball brand and subject of a new Netflix documentary, has deep Philadelphia roots

Netflix on Tuesday released the "Untold: The Rise and Fall of And1." It explores the company that catapulted to the top of basketball and culture from its Main Line headquarters before falling into relative obscurity. Read More...

American City Business Journals

Stripe, Instacart and others are seeing their valuations plunge, and the pain spread

Some of the Bay Area’s most successful private companies are seeing their valuations slashed by mutual funds holding their shares, signaling trouble ahead not only for investors, but employees who were counting on big paydays from their equity compensation. The mutual fund giant also cut the valuation it places on its Instacart shares by 40%. The Bay Area is essentially a Nasdaq company town, given the region’s dependence on churning out promising startups that hope to one day grow to be the next Apple, Google or other Fortune 500 company — or at least to be acquired by one.

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