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IBM misses third-quarter revenue estimates as consulting drags; shares fall

By Arsheeya Bajwa (Reuters) -International Business Machines (IBM)missed analysts’ estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM’s shares fell about 4% in extended trading after rising more than 40% this …

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Bessemer, Index, and a16z alum launch VC firm Chemistry

New VC firm Chemistry raised $350 million for its debut fund, Forbes reported on Wednesday. The firm was launched by Mark Goldberg, former partner at Index Ventures; Kristina Shen, former general partner at Andreessen Horowitz; and Ethan Kurzweil, former partner at Bessemer (pictured above in that order). Axios first reported …

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