Venture

Powerset gives founders $1 million to invest in other startups 

Powerset, founded in late 2022, is an investment program with a simple hypothesis: what if the best investors aren’t venture capitalists but other founders, scribbling off checks in between late night coding sessions and board meetings?  Every year, Powerset, founded by AngelList alum Jack Zeller and coaching company Athena founder  Jonathan Swanson, hands five to

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Top New York VC Ben Lerer says more mid-sized VC firms are heading for failure

Ben Lerer, managing partner of one of New York’s most prestigious seed-stage venture firms, Lerer Hippeau, shared some predictions with Fortune’s Leo Schwartz. He believes venture firms will continue to see a bifurcation as money pours mostly into top funds like Thrive and a16z, as well as into smaller more bespoke funds.  “Where you go

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Defense startup Epirus in talks to raise over $150M, potentially cutting valuation 

Defense tech startup Epirus is reportedly raising between $150 million and $200 million in a new funding round led by Joe Lonsdale’s venture firm 8VC, Bloomberg reports. The round could give the company, which develops technology to intercept drones, a valuation of about $1 billion. If that’s the final valuation, it would be a decrease

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Defiant is a new European VC firm that uses data and products to make better investments

Defiant is a new early stage VC firm focused on B2B SaaS and fintech coming out of stealth today. Joseph Pizzolato (pictured right) and Cam Rail (pictured left), the duo at the helm of the firm who met when they were six years old, have already secured $30 million and plan to raise as much

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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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