Venture Capital Industry News
A collection of Venture Capital latest news, analysis and best practices from top business influencers and the world's most trustworthy sources.
Ghosts of the venture capital bubble haunt OpenAI's $229b moment
Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? Adam Neumann, founder of the failed co-working start-up WeWork and the subject of the brilliant Apple TV+ drama We Crashed, is returning with…
OpenAI demands investors shun rivals such as Anthropic, Elon Musk's xAI
OpenAI has raised $6.6 billion from investors like Thrive Capital and Tiger Global, but the AI company also sought assurances that investors would avoid funding five competing firms, according to a Reuters report. The competitors include Anthropic…
What OpenAI's Historic Round Means for VC Dealmaking
Lux Capital General Partner Deena Shakir joins Caroline Hyde and Ed Ludlow to discuss the latest data out of PitchBook as well as the historic funding round from OpenAI and what that means for the VC industry. She speaks on 'Bloomberg Technology.'…
Nasdaq Private Market on the emerging importance of the secondary market for private company stock
The secondary market for private company stock has emerged as an economically vital ecosystem for millions of U.S. private company employees and institutional investors. A steady and dramatic trend of the past 20 years is that companies are waiting…
OpenAI's investors include Silicon Valley's most prolific bubble chasers. Is that a bad sign for the company's future?
OpenAI raised $6.6 billion in a deal that values the company at more than $150 billion. Investors include Nvidia, Thrive Capital, and an investment firm backed by the United Arab Emirates. Also among the backers are SoftBank, Tiger, and Ark, which…
Financials Down Ahead of Jobs Data -- Financials Roundup
Shares of banks and other financial institutions fell ahead of jobs data. Citigroup's turnaround plan may be in jeopardy, analysts warned, because it's back in the crosshairs of Sen. Elizabeth Warren, a powerful critic of the banking industry.
OpenAI continues to burn money
Although OpenAI's revenues are increasing significantly, the generative AI (genAI) pioneer remains dependent on financial injections, according to Reuters. The maker of ChatGPT generated revenue of $300 million in September alone, sources said…
Accel, TCV and World Bank Support Zepz's $267 Million Fundraise
Zepz, formerly WorldRemit, did not disclose its new valuation Firm is in ‘no rush' to join the public markets, investor says Zepz, the money transfer service formerly known as WorldRemit, has raised $267 million from new and existing…
Peter Jackson Puts $10 Million Toward Resurrecting The Dodo-Joining Other Celebrities And Business Leaders
Billionaire film director Peter Jackson, best known for being behind the blockbuster “Lord of the Rings” series, has become the latest high-profile investor in a startup that has made a name for itself by attempting to bring back the…
OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation
OpenAI became one of the world's most valuable private companies after it raised $6.6 billion in the much-anticipated funding round, which valued the ChatGPT maker at $157 billion. OpenAI did not name the investors, but reports said that the…
FPV Ventures, Mill, and Bullish will be onstage at Disrupt 2024
In a world where tech trends often create a frenzy of investments, the temptation to follow the crowd can be overwhelming. But the business of trends is a dangerous game. When everyone is diving headfirst into the latest “next big…
WeWork co-founder launches sales for Miami Worldcenter condo (Photos) - South Florida Business Journal
Flow, a real estate venture founded by former WeWork CEO Adam Neumann, has launched sales for its future 40-story high-rise condo in the Miami Worldcenter area. Neumann's Flow company announced on Oct. 2 that it was selling residences at Flow…
Binance Research Releases New 'Industry Observation' Report, Offering Insights Into Crypto Market
Binance explores valuation, the risks of centralization, enhanced transparency in fund usage, and reasons behind rebranding in its new report. Analysis division of the cryptocurrency exchange Binance, Binance Research, published a new report titled…
Microsoft AI CEO sees long-term memory as key to unlocking future AI experiences
Microsoft's revamped personal Copilot, released this week, lets users engage in natural conversations with AI using their voice. It doesn't retain information from one session to another, but figuring the right way to implement long-term memory…
Initialized Capital restructures, and lets multiple partners go
Initialized Capital is restructuring its team to “ meet the moment ” in the venture market, according to a blog post from the firm's managing partner Brett Gibson. The San Francisco-based venture capital firm, originally founded by…
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