Venture

These are the investors funding Musk’s $97 billion OpenAI takeover attempt

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As if Elon Musk doesn’t have enough going on, a consortium of investors led by him announced plans Monday for what appears to be a hostile takeover of OpenAI. The investor group offered nearly $97.4 billion to buy all of OpenAI’s assets and is “prepared to consider matching or exceeding higher bids,” it said in […]

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VC Mike Ghaffary is looking for the job-creating AI startup that doesn’t yet exist 

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Silicon Valley is madly building AI agents to augment human labor. If such agents work as intended, a whole swath of jobs could become extinct – or close to it. AI agents are poised to displace customer service reps, sales associates, executive assistants, IT admins, junior developers, journalists. AI startup Boardy even replaces the so-called

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European VC firm Emblem raises $85 million for its initial fund

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Emblem, a relatively new European VC firm based in Paris, is announcing the final closing of its first fund. Eighteen months after the first closing, the Emblem team managed to secure €80 million in total (around $85 million at current exchange rates). This is no small feat in the current funding environment. According to Atomico’s

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Cherry Ventures raises a new $500M fund for early stage and beyond, but will it be enough?

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It’s sometimes said that European VC doesn’t have the firepower to compete with VCs in the U.S., which regularly raise billion-dollar+ funds these days. Perhaps further evidence of this view persists in the news that Berlin-based Cherry Ventures has closed its latest fund at $500 million, to be split between early-stage rounds and follow-on rounds

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Hitachi Ventures raises $400M fund to invest in everything from fusion to AI

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Hitachi Ventures secured $400 million for a fourth fund, the firm exclusively told TechCrunch. The size of the new fund is a vote of confidence in a range of deep tech verticals. The corporate VC’s sprawling portfolio mimics that of its limited partner’s, including energy, manufacturing, biotech, and AI. “We are open to other breakthrough

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Dub, an app at the intersection of TikTok and Wall Street, has captured teens’ attention

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In this week’s episode, hosts Connie and Alex sit down with Steven Wang, the 23-year-old founder of Dub, a rapidly growing copy trading platform. Wang shares how Dub is revolutionizing retail investing by allowing users to automatically mirror the portfolios of top traders, hedge fund managers, and even politicians like Nancy Pelosi. He also dives

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How Max Altschuler accidentally founded a VC firm that just raised another $54M  

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Four years after accidentally launching a VC firm, GTMfund founder and general partner Max Altschuler has raised a second $54 million fund. He was aiming for $50 million.  GTMfund is one of a rising crop of “operator led” funds, meaning the limited partner investors are people who have worked, or are currently working, at successful

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