Tag: venture capital

New program to support translational research in AI, data science, and machine learning

The MIT School of Engineering and Pillar VC today announced the MIT-Pillar AI Collective, a one-year pilot program funded by a gift from Pillar VC that will provide seed grants for projects in artificial intelligence, machine learning, and data science with the goal of supporting translational research. The program will support graduate students and postdocs […]

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Silicon Valley Slides Back Into ‘Bro’ Culture

SAN FRANCISCO — Last month, Mark Zuckerberg spent hours touting his love of jiujitsu, wrestling and UFC on Joe Rogan’s podcast, which is known for its hypermasculinity. Watching TV was not active enough, Mr. Zuckerberg said. Compared with social media, TV was “beta.” Elon Musk, who signed a deal to buy Twitter seemingly on a […]

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Black-Led, DMV-Based Startups Receive Boost From Techstars Accelerator

NewsOne Featured Video Source: miniseries / Getty As racial and gender inequities in entrepreneurship persist, initiatives have been cultivated to ensure underrepresented founders have a seat at the venture capital table. Among them is an accelerator program led by the capital market firm Techstars, which recently unveiled the collective of DMV-based startups that it will […]

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Dating app Smitten raises $10 million in Series A funding

Interested in learning what’s next for the gaming industry? Join gaming executives to discuss emerging parts of the industry this October at GamesBeat Summit Next. Register today. Smitten, a dating app for Generation Z and Centennials, has raised $10 million in Series A funding. Among the investors are Makers Fund, Possible Ventures, Wonder Invest and […]

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AI-native tech startups can weather an economic nuclear winter

Were you unable to attend Transform 2022? Check out all of the summit sessions in our on-demand library now! Watch here. Recently, I wrote a piece for VentureBeat distinguishing between companies that are AI-based at their very core and ones that simply use AI as a function or small part of their overall offering. To […]

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Silicon Valley Discovers an Age-Old Child Care Hack: The Neighbors

In 2019, about 18 percent of children younger than 5 were cared for in residential-based centers, which often provide a lifeline for parents who work nontraditional hours or live in rural areas. And since time immemorial, parents have leaned on a network of friends, family members and neighbors — the so-called village — to step […]

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It’s Not Just You — Blank Street Coffee Is Suddenly Inescapable

In August 2020, a tiny, seafoam-green, electric-powered coffee cart opened in Williamsburg, Brooklyn, advertising local pastries and bagels and coffee beans. On Wythe Avenue, in the heart of one of New York City’s most coffee-saturated neighborhoods, another cute spot to buy an iced latte wasn’t cause for commotion. But looming behind that friendly little vehicle, […]

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Former WeWork CEO Adam Neumann’s New Real Estate Company Is Planning A Digital Wallet That Stores Crypto

Former WeWork CEO Adam Neumann has amassed more than 3,000 multifamily units for his new venture, Flow. © 2021 Bloomberg Finance LP Updated: When Adam Neumann revealed his new venture to WeWork-ify the residential real estate sector Monday, backed by a $350 million investment from Andreessen Horowitz, the announcement was long on hype, and short […]

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South Korean Investors Pour More Cash Into SpaceX At $125 Billion Price Tag

Onlookers in Seoul, South Korea watched SpaceX launch the nation’s first lunar orbiter on August 5, 2022. Now a South Korean investment firm is pouring millions into the rocket startup. AFP via Getty Images The $250 million extension to SpaceX’s last funding was led by a group of previously unidentified investors led by a firm […]

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The Independent Bookstore, as Imagined by a Corporate Lobbyist

Sitting at the bar in the exclusive Delta Club at Citi Field, where his beloved Mets were in the process of sweeping the Yankees in the Subway Series, the political fixer and venture capitalist Bradley Tusk described his designs on the future. He talked up his $10 million philanthropic campaign to build a system that […]

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The Boy Bosses of Silicon Valley Are on Their Way Out

Leaving as billionaires, they have emanated Silicon Valley’s relentless positivity. Pinterest “is just getting started,” Airbnb “is in the best hands it’s ever been in” and Instacart has a “enormous opportunity ahead,” the founders wrote. Both Mr. Mehta and Mr. Gebbia said they had plans for new projects. Investors say they anticipate more of these […]

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Carried Interest Is Back in the Headlines. Why It’s Not Going Away.

For years, Democrats and even some Republicans such as former President Donald J. Trump have called for closing the so-called carried interest loophole that allows wealthy hedge fund managers and private equity executives to pay lower tax rates than entry-level employees. Those efforts have always failed to make a big dent in the loophole — […]

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American Dreamers: Andy Fang, Co-Founder & CTO Of DoorDash, On Turning A School Project Into Feeding America

American Dreamers is a series of conversations with leading Asian American entrepreneurs and business leaders in which they open up about everything from their startup stories and company building to confronting racism and making it in America. Andy Fang is the chief technology officer and one of the co-founders of DoorDash, everyone’s favorite food delivery […]

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Kevin Durant’s VC Firm Invests In Premier Lacrosse League

NewsOne Featured Video Kevin Durant recently invested in the Premier Lacross League Source: Ezra Shaw / Getty Basketball star Kevin Durant is expanding his imprint in the sports ownership space. According to Bloomberg, the two-time NBA champion’s venture capital firm has invested in the Premier Lacrosse League. The league—which had its inaugural season in 2019—was […]

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What Is Impact Investing?

Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]

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What Is Impact Investing?

Many foundations that are established to solve society’s most pernicious problems have investments as their lifeblood. Their assets need to be invested in profitable businesses in order to sustain operations and grow. So, what happens when a foundation’s mission is directly contradicted by its own investments? What if the problems a foundation was created to […]

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Why is Venture Capital Acting Like Vanquished Capital?

The Wall Street Journal captures this cautionary, calamitous climate with this headline: “Silicon Valley Investors Give Startups Survival Advice for Downturn.” Thanks, buddy. It’s the financial equivalent of the Uvalde cops handing those tragically undefended kids survival guides for a mass shooting. Yes, this is an uncertain moment, what with the collapse of tech stocks […]

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Why is Venture Capital Acting Like Vanquished Capital?

The Wall Street Journal captures this cautionary, calamitous climate with this headline: “Silicon Valley Investors Give Startups Survival Advice for Downturn.” Thanks, buddy. It’s the financial equivalent of the Uvalde cops handing those tragically undefended kids survival guides for a mass shooting. Yes, this is an uncertain moment, what with the collapse of tech stocks […]

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