VCs are bullish on AI's potential to transform physical industries like manufacturing and construction. Can physical AI have a "ChatGPT moment"? @sarahklearman reports on an AI lab that says yes.
https://t.co/7dtlgGdtjb
John Borthwick’s NYC-based venture firm Betaworks was the first investor to back Hugging Face, writing a $150,000 check in 2016. It now owns a stake that could be worth $650 million. Scoop: https://t.co/q4nhLZCoIP
Scoop: Sol Bier's venture firm Factorial Funds crossed $1 billion in proceeds, per a letter it shared with LPs. That's $965 million in distributions to its LPs. VC liquidity is finally getting going. https://t.co/v3zUwyhfPb via @WSJ
Chemistry Ventures, one of the strongest newcomers on the venture scene of late, is closing in on a $500 million sophomore fund, with the bulk of capital already committed, sources said. A fun scoop with my new colleague @sarahklearman! https://t.co/yJxleG4yk4 via @WSJ
VCs worry about their startup founders becoming targets in the AI hiring spree. They can make money on related deals but also lose some of their prime assets via early exits. https://t.co/j2uxnKdcA8 via @WSJ
Startup founders are increasingly getting money from their existing investors via financing known as an insider round. Research says that for investors, such rounds are often good money after bad.
https://t.co/JASHsZfaDk
China’s booming technology market and a huge consumer base once attracted U.S. venture capital. Regulatory crackdowns in both nations have made investing challenging.
https://t.co/cE08gDVpjp
A debut venture fund launched by two prominent women in technology, Jessica Verrilli and April Underwood, increases its target size, an anomaly in today’s slumping venture market
https://t.co/Xu2U3s1sO3
Today marks one week since Wall Street Journal reporter Evan Gershkovich was detained by the Russian government.
Reporting is not a crime.
https://t.co/Ww8LTww4Ph
Read more about Evan: https://t.co/Tm0rIBUZQx
#IStandWithEvan
“Kid, haven’t you heard of Friendster? Move on. It’s over!” A big venture-capital firm trumpets its biggest misses, such as shunning a Facebook co-founder years ago. https://t.co/960sB3XS7S
OrbiMed Advisors is seeking $1.75 billion for a new healthcare royalties and credit opportunities fund, according to a regulatory filing
https://t.co/ReUq49KkYu
A year into the role as CFO of Stripe, Dhivya Suryadevara is working to build out the payment processor’s finance team, strengthen its reporting capabilities and invest in its business, @Nina_Trentmann reports for @CFOJournal @WSJ. https://t.co/H0Hz9oLW9H
Startup Watson Living says it can help real-estate owners and operators save money by better retaining tenants and getting their payments in on time
https://t.co/7OR0DR4blT
Lee Fixel, formerly a Tiger Global investor, is looking to raise his next fund at Addition after collecting $2.6 billion for two others in quick succession
https://t.co/Il0SdHwW3n
Driverless vehicles have generated excitement, but confidence in them lags. “We don’t have a business unless we can take the driver out,” says Gautam Narang, CEO of driverless truck startup Gatik.
https://t.co/bXQssGWxAA
Max and Sam Altman's Apollo Projects, created to invest in breakthrough science startups, is now also backing fintech and software
https://t.co/ni9Wdcfmnd
Only around 1% of venture-capital funding went to Black-founded companies each year from 2016 through 2020. That figure has ticked up as investors recognize the importance of backing diverse entrepreneurs. https://t.co/p79Ds3yoy5
Ledger, a French startup that recently raised $380 million, sells
hardware devices to store private cryptocurrency keys offline
https://t.co/93Qgmq8bp3