venture

Non-profit 1863 Ventures has closed, reborn into for-profit New Majority Ventures

Venture /

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 […]

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Precursor’s Charles Hudson believes founders should test their investors

Venture /

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

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SocialCrowd raises $2.5M seed round as interest in future of work software remains

Fundraising /

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 »

DEI backlash: Stay up-to-date on the latest legal and corporate challenges

Venture /

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 »

DEI backlash: Stay up-to-date on the latest legal and corporate challenges

Startups /

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 »

Notable Capital’s Hans Tung on why founders need to play the long game

Fintech /

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.

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London’s first defense tech hackathon brings Ukraine war closer to the city’s startups

Hardware /

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

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0G Labs launches with whopping $35M pre-seed to build a modular AI blockchain

Cypto /

As the crypto space heats back up, so has funding for new startups. 0G Labs, a web3 infrastructure firm,” has raised $35 million in a pre-seed round, the team exclusively told TechCrunch. If $35 million sounds like a lot for a pre-seed round, it really is. “In order to build the basic technology, we wanted

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