The venture capital industry is built on signals. Lead investors help close rounds, pro rata rights show promise of a company, and the partner title gives validity to folks within firms looking to close deals. Revere, a new bet being built by former AngelList executive Eric Woo and family office operator Chris Shen, is playing […]
OpenAI, the San Francisco-based lab behind AI systems like GPT-3 and DALL-E 2, today launched a new program to provide early-stage AI startups with capital and access to OpenAI tech and resources. Called Converge, the cohort will be financed by the OpenAI Startup Fund, OpenAI says. The $100 million entrepreneurial tranche was announced last May […]
If you are raising money for an early-stage startup today, there’s reason to be hopeful when it comes to the price that you might be able to charge for shares in your company. The later stage your startup is, however, the worse your chances are to raise funds at a price that you like. New […]
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a single topic, think about a question and unpack the rest. This week, Natasha and Alex interviewed one of their favorite reporters, Business Insider’s […]
It seems that every internet company and their dog have at least one venture capital (VC) arm under their wing, with the likes of Google Ventures (now GV), Microsoft Ventures (now M12), Salesforce Ventures, Twilio Ventures, and Zoom Ventures all serving their corporate namesakes potential cash cows via hundreds of equity investments. Today, it’s Mozilla’s […]
Indian edtech giant Byju’s is engaging with bankers to put together a plan for the initial public offering of its physical tutor chain unit Aakash, which it acquired last year, a source familiar with the matter told ZebethMedia. The Bengaluru-headquartered firm is looking to raise $800 million to $1 billion in the initial public offering […]
Lyubov Guk is a founding partner at Blue Lake VC. She supports early-stage international founders working in the U.K. Robyn Klingler-Vidra Contributor Robyn Klingler-Vidra is associate dean of global engagement and associate professor in entrepreneurship and sustainability at King’s Business School. Juanita Gonzalez-Uribe Contributor All three of us are immigrants to the U.K. We were […]
A prolific investor in climate-tech companies in Canada is back with a second fund for “low-carbon technologies” — only this time the firm plans to pump less money into the scene, over a longer period of time. The Business Development Bank of Canada (BDC) came out with a new, $400 million climate-tech fund on Wednesday, […]
It’s hard to imagine committing to invest $500 million in someone’s vision for a company, only to watch that individual almost immediately try to distance himself from it. But Changpeng “CZ”Zhao told an audience tonight at Web Summit in Lisbon that he wasn’t bothered when, after committing to invest $500 million in Elon Musk’s takeover […]
The Australian and New Zealand startup community will see a boost in funding this year. Blackbird, a VC fund based in the two south Pacific countries, on Wednesday closed a fund at over AUD $1 billion, which is about USD $640 million, which the firm says is Australia’s largest fund to date. This is Blackbird’s […]
