Venture

Initialized Capital restructures, and lets multiple partners go

Initialized Capital is restructuring its team to “meet the moment” in the venture market, according to a blog post from the firm’s managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by Alexis Ohanian, Garry Tan, and Harjeet Taggar, announced yesterday that it let multiple people go and specifically named Jennifer Wolf,

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Venture firm CRV returns $275 million citing overvaluation of mature startups

CRV, a more than 50-year-old venture firm, is returning to investors $275 million from its $500 million Select fund, which backs later-stage rounds of existing portfolio companies, the New York Times reported. The firm is one of the first Silicon Valley outfits to return committed capital to investors. (We reported yesterday that India’s largest venture

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J.B. Hunt and UP.Labs launch venture lab to build logistics startups

Transportation and freight network giant J.B. Hunt is on the hunt for software and digital products that will fuel its business and help it adapt to the modern world — and even dominate the industry. And it’s tapping startup incubator UP.Labs to help build them.  On Wednesday at the UP Summit event in Bentonville, Arkansas,

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Motier Ventures unveils La Maison, a community space for the French tech ecosystem

On Tuesday evening local time, Motier Ventures, an early stage tech investment firm based in Paris, unveiled a startup hub called La Maison. This relatively new investor in the French tech ecosystem is the family office of the Houzé family — the owners of upmarket fashion retailer the Galeries Lafayette Group. As the Galeries Lafayette

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Motorway’s Harry Jones on why he co-founded five startups with the same team

When Harry Jones, Tom Leathes, and Alex Buttle set out to found Motorway, a startup that connects car owners with dealers looking to buy and resell their vehicles, in 2017, it wasn’t the founding teams’ first startup rodeo. Nor was it their second. Motorway was actually the founding team’s fifth startup, Jones, Motorway’s CPO, said

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