Defense technology 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 around $1 billion. If that is the final valuation, it would be a […]
Bench, a Canada-based accounting startup that offered software as a service to small and medium-sized businesses, abruptly closed, according to a notice posted on your website. “We regret to inform you that as of December 27, 2024, the Bench platform will no longer be accessible,” the notice reads. “We know this news is abrupt and
When you really research venture capitalists about investing in AI startups, they will tell you that companies are experimenting big, but are slow to add AI solutions to their ongoing business processes. But there are some exceptions. And one of them appears to be an area known as AI sales development representatives, or AI SDRs.
AI sales rep startups are booming. So why are venture capitalists cautious?– BC Read More »
Famed investor Marc Andreessen recently spoke about meetings with Biden administration staff that gave him the impression that they wanted to control AI by working closely with two or three big AI companies, shutting out everyone else through onerous regulations. Andreessen did not name OpenAI, but it was implied that it would have been a
OpenAI CEO Sam Altman will appear before Congress in 2023 to testify about the dangers of AI. He told US lawmakers at the time that does not own shares in OpenAIsomething he has said many times, stating that he simply runs the company because he loves it. However, Altman recently said that he at one
Sam Altman once owned shares in OpenAI through Sequoia– BC Read More »
Arlan Hamilton, founder of Backstage Capital, announced Friday that her role at the firm she founded in 2015 will evolve. “After 12 years of being deeply involved in daily operations, I have decided to transition to a president and advisory role.” he wrote in a statement posted online. Previously she was managing partner of the
Some venture capitalists are viewing the Trump administration’s massive proposed tax increase on university endowments with alarm, warns Ann Miura-Ko, co-founder of Floodgate Partners. “Right now there’s a proposal to take the endowment tax from 1.4 percent to 35 percent and most people would say, well, endowments are super rich, why do we care? Well,
Trump’s proposed university endowment tax could hurt funding, VC warns– BC Read More »
In the heady days of 2021, central capital of the heart It planned to focus on consumer technology with a $200 million fund. If we move forward to 2024, its latest fund will now “leaven the bread” of that thesis, with a new $180 million (€170 million) to be broader and more generalist than the
Sequoia says that without exits there is no problem. The Silicon Valley venture titan increased the value of its Sequoia Capital US Venture XVII 2020 fund by 24.6% in June, at the end of a 12-month period, according to Proposal bookwho conducted an analysis of data from the University of California Regents’ endowment. Sequoia’s profit
Investor Wesley Chan has shown a knack for making very early investments in multi-billion dollar unicorns such as Plaid, Gusto, Flexport and, most recently, Canva. Chan comes from an unconventional background: he grew up in an immigrant family and received only average grades in high school. But he got a job washing test tubes in
Wesley Chan talks about what he’s looking for while shopping for potential unicorns– BC Read More »
