Venture

Silicon Valley is so dominant again, its startups devoured over half of all global VC funding in 2024

For all the chatter about the decline of San Francisco, data repeatedly shows that the Bay Area, including the city itself, is still the best place for venture-backed startups. Startups located in the Bay Area vacuumed up $90 billion of VC investment in 2024, which was 57% of the $178 billion of global venture funding

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South Park Commons is raising $40M for an India-specific fund

South Park Commons, a Silicon Valley collective of engineers, founders, and researchers, is raising an India-specific fund over six months after entering the South Asian market in June, according to a filing with the U.S. Securities and Exchange Commission (SEC) last week. The exact size of the fund is yet to be determined, though the

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Accel could raise billions for India, but it’s sticking to $650 million

Accel has maintained its India fund size at $650 million for its eighth vehicle, even as other venture firms in the region are racing to raise increasingly larger pools of capital. The firm had ample opportunity to raise “multi-billion dollars,” said Shekhar Kirani, partner at Accel, in an interview with TechCrunch. But unlike peers who

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From forced landings to stuffed animal heads, headhunter Peterson Conway is defense tech’s wildest power broker

In 2023, defense tech recruiter Peterson Conway VIII pulled up to the offices of nuclear fusion startup Fuse in a black suburban, donning his signature cowboy hat. He picked up a recent Fuse hire and proceeded to regale her with stories of his old recruiting days. One story involved prostitutes attending a recruiting event (“not

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Venture fund founder sues PayPal, alleging racial discrimination

PayPal is being sued by the founder of venture firm Andav Capital, Nisha Desai, who claims she was excluded from the payment giant’s diversity and equity program because she is Asian, according to a suit filed this week.  In 2020, PayPal made a $530 million commitment to support more Black and minority-led businesses in the

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Peter Thiel-backed venture debt firm Tacora raises $268.7M for new fund

Tacora Capital, a Texas firm that specializes in venture debt, has raised $268.7 million for its second fund, according to a new SEC filing. Tacora’s inaugural fund in 2022 raised about $350 million, including $250 million from Peter Thiel — the prominent Republican billionaire and investor — in what was considered an “unusually large investment”

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