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Goldman Sachs is acquiring Industry Ventures for up to 5M as alternative VC exits surge | TechCrunch

Goldman Sachs is acquiring Industry Ventures for up to $965M as alternative VC exits surge | TechCrunch

Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary markets and buyouts as traditional venture exits remain sluggish.

The investment bank is paying $665 million in cash and equity, with up to $300 million more tied to the firm’s performance through 2030, according to a release from Goldman. The deal is expected to close in the first quarter of next year, and all 45 Industry Ventures employees are expected to join Goldman.

We’ve reached out to Swildens for more information.

The acquisition comes as venture funds increasingly turn to non-traditional exits amid a prolonged IPO drought. Speaking on TechCrunch’s StrictlyVC Download podcast earlier this year, Industry Ventures founder and CEO Hans Swildens said that tech buyout funds now account for 25% of all liquidity in the entire venture ecosystem—”a huge chunk of liquidity,” he said.

Swildens explained that venture managers are being forced to adapt their approach. “Just going out and seeing companies, putting them in your fund and then waiting for an IPO or strategic M&A exit probably won’t work anymore,” he said in the podcast interview. “[VCs] need to start working on alternative liquidity solutions.”

At the time — in April — he noted that at least five major venture funds had hired full-time staff dedicated to manufacturing non-traditional exits, including secondary transactions, continuation funds, and buyouts. “All the brand name funds are all staffing and thinking through liquidity structures,” Swildens said.

Goldman is making the acquisition to bolster its $540 billion alternatives investment platform, which the bank has identified as a key growth engine.

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“Industry Ventures’ trusted relationships and venture capital expertise complement our existing investing franchises and expand opportunities for clients to access the fastest growing companies and sectors in the world,” Goldman CEO David Solomon said in a prepared statement. “By combining the global resources of Goldman Sachs with the venture capital expertise of Industry Ventures, we are uniquely positioned to serve the increasingly complex needs of entrepreneurs, private technology companies, limited partners, and venture fund managers,” the statement continued.

Industry Ventures says it has made more than 1,000 investments, has stakes in more than 700 venture firms, and that it boasts an internal rate of return of 18%.

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#Goldman #Sachs #acquiring #Industry #Ventures #965M #alternative #exits #surge #TechCrunch

On Bumble, the app that started with the ethos of “women making the first move,” men will now be able to message first, according to the company’s latest earnings call.

“Now, for the first time on Bumble, by default, anyone will be able to send only one single opening message, and the conversation does not progress until the recipient responds,” Bumble founder and CEO Whitney Wolfe Herd said on yesterday’s earnings call for Q2 2026.

No more “women make the first move”

Wolfe Herd founded Bumble in 2014 as the feminist response to Tinder, of which she was also a part of the founding team. Originally, in heterosexual matches, only women could message first. But the app has been trending away from that for some time, as two years ago it launched “Opening Moves,” a way for men to technically message first by responding to a prompt on a woman’s profile. (The app has since sunset Opening Moves in Australia and Mexico, though.)

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AdultFriendFinder readers’ pick for casual connections

Tinder top pick for finding hookups

Hinge popular choice for regular meetups

Products available for purchase through affiliate links. If you buy something through links on our site, Mashable may earn an affiliate commission.

Additionally, Bumble is also extending the time limit to respond to the first message, from 24 to 72 hours. “We are also addressing another major complaint that existed from our members,” Wolfe Herd said.

In tests, Bumble users saw increases in chat initiations and mutual chat rates. The new rules will roll out globally by the end of this month, Wolfe Herd said.

Both real-life and AI on Bumble

Wolfe Herd also announced that Bumble will be leaning more into real-life experiences. “I am a firm believer that the future of meeting people in groups will become more important,” she said, and confirmed that Plans, a rumored event-curation feature, is coming as a standalone app.

At the same time, Bumble is planning to integrate AI more. As Mashable reported in May, Bumble is getting rid of the swipe, but Wolfe Herd clarified yesterday that the app’s upcoming AI dating assistant, Bee, isn’t replacing it.

“Let me be clear: Bee is not replacing the swipe. We are not aiming for an AI-driven experience. Bee is simply the intelligence under the hood,” she said.

“What will replace the swipe, I will be keeping under wraps a bit longer for competitive purposes,” she said. “But it is designed to generate more immediate interactions, and most importantly, better outcomes, mimicking real life and eliminating the friction and delay that exists in current dating app models.” Early feedback has been positive for Gen Z and millennial women and men, she continued.

Bee will apparently have an important role in how the new Bumble experience will be delivered, “but never degrading the human-first approach that we will always adhere to,” according to Wolfe Herd.

Even more changes coming to Bumble

When Wolfe Herd first announced Bee in March 2026, she said that the app was developing a new tech stack (the set of technologies that build an app), with a targeted launch of the second quarter of this year. But yesterday, she said that due to a data migration delay, it’s been delayed. New features, like profile and onboarding updates and more compelling ways to meet people IRL, are coming in early 2027, she said.

She also said that the app will also make the free experience more compelling, like offering limited access to “Like You,” a usually-paid feature where users can see who’s already liked them.

The app is re-architecting subscriptions to be simpler, and is planning on releasing a higher subscription tier designed for “mutual serious intent.”

This news comes as Bumble’s total revenue and paying users continued to decline in Q2 (15.2 percent and 16.4 percent, respectively, compared to Q2 of 2025). In June, Reuters reported that Bumble is considering a sale. Its announcement that it’s killing the swipe upset some users, and it remains to be seen how they will react to all of these additional changes.

#Men #message #Bumble">Men will soon be able to message first on Bumble
                                                            On Bumble, the app that started with the ethos of “women making the first move,” men will now be able to message first, according to the company’s latest earnings call. “Now, for the first time on Bumble, by default, anyone will be able to send only one single opening message, and the conversation does not progress until the recipient responds,” Bumble founder and CEO Whitney Wolfe Herd said on yesterday’s earnings call for Q2 2026.
        SEE ALSO:
        
            The 9 best free dating apps that literally cost alt=

Bumble, the app that started with the ethos of “women making the first move,” men will now be able to message first, according to the company’s latest earnings call.

“Now, for the first time on Bumble, by default, anyone will be able to send only one single opening message, and the conversation does not progress until the recipient responds,” Bumble founder and CEO Whitney Wolfe Herd said on yesterday’s earnings call for Q2 2026.

No more “women make the first move”

Wolfe Herd founded Bumble in 2014 as the feminist response to Tinder, of which she was also a part of the founding team. Originally, in heterosexual matches, only women could message first. But the app has been trending away from that for some time, as two years ago it launched “Opening Moves,” a way for men to technically message first by responding to a prompt on a woman’s profile. (The app has since sunset Opening Moves in Australia and Mexico, though.)

Hookup apps for everyone

AdultFriendFinder readers’ pick for casual connections

Tinder top pick for finding hookups

Hinge popular choice for regular meetups

Products available for purchase through affiliate links. If you buy something through links on our site, Mashable may earn an affiliate commission.

Additionally, Bumble is also extending the time limit to respond to the first message, from 24 to 72 hours. “We are also addressing another major complaint that existed from our members,” Wolfe Herd said.

In tests, Bumble users saw increases in chat initiations and mutual chat rates. The new rules will roll out globally by the end of this month, Wolfe Herd said.

Both real-life and AI on Bumble

Wolfe Herd also announced that Bumble will be leaning more into real-life experiences. “I am a firm believer that the future of meeting people in groups will become more important,” she said, and confirmed that Plans, a rumored event-curation feature, is coming as a standalone app.

At the same time, Bumble is planning to integrate AI more. As Mashable reported in May, Bumble is getting rid of the swipe, but Wolfe Herd clarified yesterday that the app’s upcoming AI dating assistant, Bee, isn’t replacing it.

“Let me be clear: Bee is not replacing the swipe. We are not aiming for an AI-driven experience. Bee is simply the intelligence under the hood,” she said.

“What will replace the swipe, I will be keeping under wraps a bit longer for competitive purposes,” she said. “But it is designed to generate more immediate interactions, and most importantly, better outcomes, mimicking real life and eliminating the friction and delay that exists in current dating app models.” Early feedback has been positive for Gen Z and millennial women and men, she continued.

Bee will apparently have an important role in how the new Bumble experience will be delivered, “but never degrading the human-first approach that we will always adhere to,” according to Wolfe Herd.

Even more changes coming to Bumble

When Wolfe Herd first announced Bee in March 2026, she said that the app was developing a new tech stack (the set of technologies that build an app), with a targeted launch of the second quarter of this year. But yesterday, she said that due to a data migration delay, it’s been delayed. New features, like profile and onboarding updates and more compelling ways to meet people IRL, are coming in early 2027, she said.

She also said that the app will also make the free experience more compelling, like offering limited access to “Like You,” a usually-paid feature where users can see who’s already liked them.

The app is re-architecting subscriptions to be simpler, and is planning on releasing a higher subscription tier designed for “mutual serious intent.”

This news comes as Bumble’s total revenue and paying users continued to decline in Q2 (15.2 percent and 16.4 percent, respectively, compared to Q2 of 2025). In June, Reuters reported that Bumble is considering a sale. Its announcement that it’s killing the swipe upset some users, and it remains to be seen how they will react to all of these additional changes.

#Men #message #Bumble">Men will soon be able to message first on Bumble

On Bumble, the app that started with the ethos of “women making the first move,” men will now be able to message first, according to the company’s latest earnings call.

“Now, for the first time on Bumble, by default, anyone will be able to send only one single opening message, and the conversation does not progress until the recipient responds,” Bumble founder and CEO Whitney Wolfe Herd said on yesterday’s earnings call for Q2 2026.

No more “women make the first move”

Wolfe Herd founded Bumble in 2014 as the feminist response to Tinder, of which she was also a part of the founding team. Originally, in heterosexual matches, only women could message first. But the app has been trending away from that for some time, as two years ago it launched “Opening Moves,” a way for men to technically message first by responding to a prompt on a woman’s profile. (The app has since sunset Opening Moves in Australia and Mexico, though.)

Hookup apps for everyone

AdultFriendFinder readers’ pick for casual connections

Tinder top pick for finding hookups

Hinge popular choice for regular meetups

Products available for purchase through affiliate links. If you buy something through links on our site, Mashable may earn an affiliate commission.

Additionally, Bumble is also extending the time limit to respond to the first message, from 24 to 72 hours. “We are also addressing another major complaint that existed from our members,” Wolfe Herd said.

In tests, Bumble users saw increases in chat initiations and mutual chat rates. The new rules will roll out globally by the end of this month, Wolfe Herd said.

Both real-life and AI on Bumble

Wolfe Herd also announced that Bumble will be leaning more into real-life experiences. “I am a firm believer that the future of meeting people in groups will become more important,” she said, and confirmed that Plans, a rumored event-curation feature, is coming as a standalone app.

At the same time, Bumble is planning to integrate AI more. As Mashable reported in May, Bumble is getting rid of the swipe, but Wolfe Herd clarified yesterday that the app’s upcoming AI dating assistant, Bee, isn’t replacing it.

“Let me be clear: Bee is not replacing the swipe. We are not aiming for an AI-driven experience. Bee is simply the intelligence under the hood,” she said.

“What will replace the swipe, I will be keeping under wraps a bit longer for competitive purposes,” she said. “But it is designed to generate more immediate interactions, and most importantly, better outcomes, mimicking real life and eliminating the friction and delay that exists in current dating app models.” Early feedback has been positive for Gen Z and millennial women and men, she continued.

Bee will apparently have an important role in how the new Bumble experience will be delivered, “but never degrading the human-first approach that we will always adhere to,” according to Wolfe Herd.

Even more changes coming to Bumble

When Wolfe Herd first announced Bee in March 2026, she said that the app was developing a new tech stack (the set of technologies that build an app), with a targeted launch of the second quarter of this year. But yesterday, she said that due to a data migration delay, it’s been delayed. New features, like profile and onboarding updates and more compelling ways to meet people IRL, are coming in early 2027, she said.

She also said that the app will also make the free experience more compelling, like offering limited access to “Like You,” a usually-paid feature where users can see who’s already liked them.

The app is re-architecting subscriptions to be simpler, and is planning on releasing a higher subscription tier designed for “mutual serious intent.”

This news comes as Bumble’s total revenue and paying users continued to decline in Q2 (15.2 percent and 16.4 percent, respectively, compared to Q2 of 2025). In June, Reuters reported that Bumble is considering a sale. Its announcement that it’s killing the swipe upset some users, and it remains to be seen how they will react to all of these additional changes.

#Men #message #Bumble
Apple bumped up its trade-in offers for iPhones, iPads, Macs, Apple Watches, and certain Android phones, with some devices now worth over $100 more, 9to5Mac reports. The Mac Studio’s trade-in value increased the most, going up by $260. While some devices’ offers are unchanged, most got an increase of around $5 to $20, with a few seeing an increase of over $100:

Additionally, Apple is now offering trade-in credit for a handful of new Android devices:

While some new Android phones have been added to the list, Apple lowered its trade-in credit for a few others, including:

The higher trade-in credits on most devices follow a wave of price hikes Apple announced earlier this year, with increases ranging from $30 to $4,200. Apple also launched a new “Upgrade” leasing program last month aimed at making its increasingly-pricey devices easier to afford.

#Apple #increases #tradein #offers #adds #Android #devicesApple,iPad,iPhone,News,Tech">Apple increases trade-in offers and adds new Android devicesApple bumped up its trade-in offers for iPhones, iPads, Macs, Apple Watches, and certain Android phones, with some devices now worth over 0 more, 9to5Mac reports. The Mac Studio’s trade-in value increased the most, going up by 0. While some devices’ offers are unchanged, most got an increase of around  to , with a few seeing an increase of over 0:Additionally, Apple is now offering trade-in credit for a handful of new Android devices:While some new Android phones have been added to the list, Apple lowered its trade-in credit for a few others, including:The higher trade-in credits on most devices follow a wave of price hikes Apple announced earlier this year, with increases ranging from  to ,200. Apple also launched a new “Upgrade” leasing program last month aimed at making its increasingly-pricey devices easier to afford.#Apple #increases #tradein #offers #adds #Android #devicesApple,iPad,iPhone,News,Tech

trade-in offers for iPhones, iPads, Macs, Apple Watches, and certain Android phones, with some devices now worth over $100 more, 9to5Mac reports. The Mac Studio’s trade-in value increased the most, going up by $260. While some devices’ offers are unchanged, most got an increase of around $5 to $20, with a few seeing an increase of over $100:

Additionally, Apple is now offering trade-in credit for a handful of new Android devices:

While some new Android phones have been added to the list, Apple lowered its trade-in credit for a few others, including:

The higher trade-in credits on most devices follow a wave of price hikes Apple announced earlier this year, with increases ranging from $30 to $4,200. Apple also launched a new “Upgrade” leasing program last month aimed at making its increasingly-pricey devices easier to afford.

#Apple #increases #tradein #offers #adds #Android #devicesApple,iPad,iPhone,News,Tech">Apple increases trade-in offers and adds new Android devices

Apple bumped up its trade-in offers for iPhones, iPads, Macs, Apple Watches, and certain Android phones, with some devices now worth over $100 more, 9to5Mac reports. The Mac Studio’s trade-in value increased the most, going up by $260. While some devices’ offers are unchanged, most got an increase of around $5 to $20, with a few seeing an increase of over $100:

Additionally, Apple is now offering trade-in credit for a handful of new Android devices:

While some new Android phones have been added to the list, Apple lowered its trade-in credit for a few others, including:

The higher trade-in credits on most devices follow a wave of price hikes Apple announced earlier this year, with increases ranging from $30 to $4,200. Apple also launched a new “Upgrade” leasing program last month aimed at making its increasingly-pricey devices easier to afford.

#Apple #increases #tradein #offers #adds #Android #devicesApple,iPad,iPhone,News,Tech

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