Former NBA Lakers star Metta Sandiford-Artest (formerly known as Metta World Peace), has teamed up with Stephen Stokols, the former CEO of Boost Mobile, to launch Tru Skye Ventures, a firm looking to invest in sports and health tech, according to Sportico. The firm wants to raise $100 million and cut its first formal check […]
Former LA Lakers star launches VC firm Read More »
Back in the heady days of 2021, Heartcore Capital planned to focus on consumer technology with a $200 million fund. Fast-forward to 2024, and its latest fund will now ‘leaven the bread’ of that thesis, with a fresh $180 million (€170M) to go broader and more generalist than that earlier thesis. Some 17-years into the
The nonprofit organization 1863 Ventures, which focused on providing capital and mentorship to early-staged underrepresented founders, will close and become a for-profit entity called New Majority Ventures, according to its founder Melissa Bradley. The new organization will rely on a fiscal sponsor and is said to be in talks with The Tide Foundation for this
Non-profit 1863 Ventures has closed, reborn into for-profit New Majority Ventures Read More »
Charles Hudson, managing partner of Precursor Ventures, told an audience at AfroTech the basics of knowing when to invest: A company should have product-market fit and some form of traction. But the next thing he said garnered some surprised looks from the audience: Founders should test investors with a small issue to see how they
Precursor’s Charles Hudson believes founders should test their investors Read More »
Back in February, when TechCrunch spoke to Raphael Akinsipe, he described his company SocialCrowd as a “Fitbit but for work.” As CEO and co-founder, he explained that the product allows companies to set goals for employees and then reward them when those expectations are met. “For example, we had a restaurant incentivize their staff by
SocialCrowd raises $2.5M seed round as interest in future of work software remains Read More »
The Great Rollback is here. The phrase refers to Big Tech starting to slash some of the diversity, equity and inclusion (DEI) programs that were implemented shortly after the murder of George Floyd. Most recently, Zoom announced that it laid off its DEI team. Google and Meta have started to defund their DEI programs, and
DEI backlash: Stay up-to-date on the latest legal and corporate challenges Read More »
AI big shot Andrew Ng’s AI Fund, a startup incubator that backs small teams of experts looking to solve key problems using AI, plans to raise upward of $120 million for its second effort. A filing with the SEC shows that the AI Fund’s second fund, AI Venture Fund II, has so far amassed $69.75
Andrew Ng plans to raise $120M for next AI Fund Read More »
The Great Rollback is here. The phrase refers to Big Tech starting to slash some of the diversity, equity and inclusion (DEI) programs that were implemented shortly after the murder of George Floyd. Most recently, Zoom announced that it laid off its DEI team. Google and Meta have started to defund their DEI programs, and
DEI backlash: Stay up-to-date on the latest legal and corporate challenges Read More »
Hans Tung, a managing partner at Notable Capital, formerly GGV Capital, has a lot of thoughts on the state of venture capital today. With $4.2 billion in assets under management, Notable evolved from 24-year-old cross-border VC firm GGV Capital, and Tung was around when GGV invested in the likes of Affirm, Airbnb, StockX, Square and Slack.
Notable Capital’s Hans Tung on why founders need to play the long game Read More »
Last week, the U.K. announced its largest ever military support package for Ukraine. The bill brings the U.K.’s total support for this financial year to £3 billion — not quite the $50 billion the U.S. pledged recently, but still substantial. But while most of those funds will be spent on very traditional military hardware, a
London’s first defense tech hackathon brings Ukraine war closer to the city’s startups Read More »
