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.
Forget the gala, these Silicon Valley schools run their own venture capital funds
Most American private schools still raise money the old-fashioned way—silent auctions, annual giving, and a yearly gala with mixed drinks and canapés. Crystal Springs Uplands School, a 569-student private day school located on the…
AG reaches settlement venture capital buyers to take responsibility for neglected Hudson Yards building
State Attorney General Letitia James announced a settlement agreement that will turn control of a condominium in the Hudson Yards area from a private equity buyer to a board of owners. After SME Capital Ventures took financial control of the…
The good and bad of bike company going bust - Opinion
Various bicycles are parked at a subway entrance in Shenzhen, Guangdong province, April 4, 2017. [Photo/VCG] Until recently an elite member of the bicycle-sharing business (next only to Mobike and Ofo), Bluegogo has, many say, met its Waterloo…
YMTC-backed fund invests in China's push for an alternative chipmaking route
A venture capital fund backed by Yangtze Memory Technologies Corp (YMTC), China's top producer of NAND flash memory, has taken a stake in domestic semiconductor manufacturer SOI Micro, adding a high-profile investor to the country's push for an…
Better secure deposits for bike use - Opinion
China Daily | Updated: 2017-12-06 08:00 SHORT-HIRE BIKE GIANTS MOBIKE AND OFO have dismissed reports accusing the two of misappropriating the deposits riders pay to use their dockless, GPS-enabled Mobike and Ofo bikes. Thepaper.cn commented on…
The 'IMDb for Athletes' Is Here - And Its Founders Built It Without Spending a Dime on Marketing
Entrepreneur Ventures is an early-stage venture capital firm partnered with Entrepreneur Media that is dedicated to backing passionate and innovative founders as early as day one. In this series, we are profiling the amazing entrepreneurs…
If the markets reject OpenAI and Anthropic, the US should nationalize them | Bruce Schneier and Nathan E Sanders
OpenAI, and then Anthropic, were each formed by AI developers who feared unrestrained corporate AI development – specifically, that companies like Google and Meta would steer the technology towards deleterious, maybe even catastrophically…
AI Start-Up Manus to Soon Resume Operating as an Independent Company
In a notice on its official website Tuesday, Manus said some user data will be deleted. Affected users will be notified and given the opportunity to back up their data, the company said. 'This is part of our separation from Meta; we must take this…
Team8 raises $365m
Venture capital firm Team8 has announced that it has raised $365 million, bringing its total assets under management to nearly $2 billion. Of the new raise, $265 million will go to Team8's third fund and $100 million will be allocated to follow-on…
Lee vows full backing for seven future industries to drive next wave of growth
President Lee Jae Myung on Wednesday pledged full government support for seven advanced technologies, describing them as the country's next 'mega projects' that will power future economic growth. Speaking at a briefing on the government's so-called…
Daye Founder Valentina Milanova On Closing Women's Health Gaps
Daye's at-home diagnostic tampon kit screens for HPV, STIs, and vaginal infections—bringing cervical cancer prevention out of the clinic and into a patient's own bathroom. Daye Daye is a London-based gynecological health company that…
One-North rezoning to double space for start-ups, including new AI park
SINGAPORE – Proposed zoning changes will effectively double the amount of floor space to build facilities for Singapore's start-up ecosystem in the One-North area, including an upcoming artificial intelligence park. LaunchPad @ One-North…
Unloved assets, old-school business back in favour with private equity
Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
What we know so far about Lakers' surprising sale to Joshua Kushner, Bob Iger
News that Mark Walter had agreed to sell the Los Angeles Lakers just over a year after buying a majority share from the Buss family was shocking, both because of the price — a $12.5 billion valuation — and the timing. One of the NBA's…
Inside the Lakers' staggering $12.5B sale to Josh Kushner, Bob Iger
When the agreement was made for Mark Walter to sell the majority ownership stake of the Lakers to businessman Josh Kushner and former Disney CEO Bob Iger at a historic valuation of $12.5 billion, there were more questions than answers. But one…
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