With Elon Musk playing such a high-profile role in Donald Trump’s transition team, Musk’s buddies, many of them Silicon Valley venture capitalists, are reportedly being tapped to help out. For instance, VC firm Andreessen Horowitz, and in particular cofounder Marc Andreessen, is repeatedly being mentioned. He, along with Antonio Gracias and Joe Lonsdale, are reportedly […]
VC Jenny Fielding, co-founder of Everywhere Ventures and former Techstars managing director, was basically trolling on X when she posted, “Y’all have strong opinions about pre-seed founders who have EAs to help them schedule? Just checking.” Fielding knew the post was “a little bit snarky,” she told TechCrunch, but it sparked a big conversation. Some
Sequoia says no exits, no problem. The Silicon Valley titan of venture marked up the value of its 2020 Sequoia Capital U.S. Venture XVII fund by 24.6% in June, at the end of a 12-month period, according to PitchBook, which ran analysis on data from the Regents of the University of California’s endowment. Sequoia’s markup
Sequoia marks up its 2020 fund by 25% Read More »
Illumen Capital is doubling down on its support for fund managers and founders from underrepresented communities. The firm is an impact fund of funds that has previously supported ways to address racial bias in investing. Yesterday, the firm, founded by Daryn Dodson, announced the raise of a $32.75 million “Catalyst Fund “to once again support
Illumen Capital doubles down on supporting underrepresented funds Read More »
Michael Gilroy, a former head of fintech investments at Coatue, and Gokul Rajaram, a longtime tech executive and prolific angel investor, are forming a yet-to-be-named venture firm and plan to begin fundraising toward a $400 million to $500 million debut fund early next year, Bloomberg reported. The firm will invest in US-based early-stage fintech and
Gilroy, former Coatue fintech head, and angel investor Rajaram launch VC firm Read More »
Defense tech funding just reached a new high. Defense tech startups have raised almost $3 billion so far in 2024, according to Crunchbase. This surpassed the previous record from 2022 of $2.6 billion. It’s an impressive feat, especially considering the number of deals has shrunk: in 2022, there were 113 defense tech rounds, outpacing 2024’s
Led by Anduril, defense tech funding sets a new record this year Read More »
Bling Capital, one of the more prolific and well-connected seed VC firms, has nabbed another $270 million for a new flagship fourth fund. About half of those fresh millions are earmarked for its opportunity fund, money set aside to make follow-on investments into winners, Bling general partner Kyle Lui tells TechCrunch. Bling is the firm
Ben Ling’s Bling Capital has already nabbed another $270M for fourth fund Read More »
Las Vegas police have received funding for tech like drones, license plate readers, and more from Andreessen Horowitz partner Ben Horowitz. Next on its wish list? Artificial intelligence to go through police footage. The city’s Sheriff Kevin McMahill said on a podcast with Horowitz and partner Marc Andreessen that he wants to use AI to
Las Vegas Sheriff tells a16z partners what’s next on his wish list: AI for bodycams Read More »
Generative AI has upended how we write things… or even if we write at all. Now a startup wants to be the main character in the next chapter of that story: AI that replaces the role of the publisher. Spines is a self-publishing platform that claims that — thanks to being powered by artificial intelligence
Itching to write a book? AI publisher Spines wants to make a deal Read More »
It’s no secret that the venture capital industry is facing a liquidity crisis as IPOs and other exits remain few and far between after 2020 and 2021’s record-breaking years. Now, we have numbers that show just how bad it’s gotten. In 2023, the U.S. VC industry invested $60 billion more into startups than it collected
In 2023 VCs returned the lowest level of capital to their investors since 2011 Read More »
