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.
The AI Logistics Revolution And Why Venture Capital Is Pouring Into Supply Chain Automation
HAMBURG, GERMANY - OCTOBER 03: Shipping containers stand stacked at Hamburg Port on October 3, 2022 in Hamburg, Germany. The German economy, and German industry in particular, are facing a foreboding combination of skyrocketing energy costs, the…
Goldman Buys VC Firm Industry Ventures for Up to $965 Million
Goldman Sachs Group Inc. said it agreed to buy venture capital firm Industry Ventures as part of an expansion of the company's asset-management division. The deal comprises $665 million in cash and equity and an additional portion of up to $300…
Goldman Sachs agrees to acquire $7 billion VC firm Industry Ventures
Goldman Sachs has agreed to acquire Industry Ventures, a venture capital firm with $7 billion in assets under supervision, according to a release from the investment bank. Goldman is paying $665 million in cash and equity, and up to $300 million…
Goldman Sachs is acquiring Industry Ventures for up to $965M as alternative VC exits surge
Goldman Sachs has agreed to acquire Industry Ventures, a 25-year-old, San Francisco-based investment firm with $7 billion in assets under management, CNBC was first to report on Monday. The deal underscores the growing importance of secondary…
Goldman Sachs to Acquire Industry Ventures for Up to $965 Million
has entered an agreement to acquire venture capital platform Industry Ventures for up to $965 million in cash and equity. The firm said Monday the acquisition will consist of $665 million payable at closing, with an additional consideration of up…
Venture Capital and the Revenge of the Liberal Arts
I have been saying for some time that the fresh, new energy for the humanities is coming from unexpected places: it is online, among STEM, tech, and VC people. This is not to run down all the excellent work actual humanities people are doing, many…
The Liquor Store Industry Is Finally Getting Its Tech Revolution
Close-up of pouring whiskey or rum on the bar, dark toned background For decades, liquor store owners have relied on outdated, fragmented systems built long before Google existed. The result: hours lost to manual paperwork, frustrating compliance…
Goldman Sachs reports third-quarter earnings before the bell
Goldman Sachs reports third-quarter earnings before the market opens Tuesday. Wall Street analysts expect earnings per share of $11 on revenue of $14.1 billion, according to LSEG. Goldman executives will hold a call with analysts at 9:30 a.m. ET.
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JPMorgan Launches $1.5 Trillion Plan to Support Industries Deemed Critical to US Interests
JPMorganChase has launched a $1.5 trillion, 10-year initiative to boost sectors seen as vital to U.S. security and resiliency. The bank will invest up to $10 billion in select companies to help increase their growth, innovation, and strategic…
JPMorgan Commits $1.5 Trillion To Strengthen America's Industrial Base
JPMorgan Chase announced a sweeping $1.5 trillion, decade-long initiative to finance and invest in industries central to U.S. economic and national security, committing up to $10 billion of its own capital to select American companies, according to…
Keating praises super backdown - but with such a feeble opposition, Labor should spend more political capital
It has been clear for a while that something was up on the government's plans to wind back superannuation concessions for retirement accounts worth more than $3m. Announced way back in February 2023, Labor had gone quiet on the plan to impose an…
Vertical Farming Is Enjoying a Second Growth Spurt
Vertical farming was once so sexy that it tempted the likes of Natalie Portman, Lewis Hamilton and Justin Timberlake to join venture capital and private equity firms buying into high-tech facilities cultivating crops in stacked layers using…
Former Intel CEO says AI is a bubble that won't pop for 'several years
Former Intel CEO Pat Gelsinger is the latest voice to say the AI bull run is a bubble — but he said it won't burst for 'several years.' 'Are we in an AI bubble? Of course. Of course we are,' Gelsinger told CNBC's 'Squawk Box' in a Monday…
CNBC anchor Andrew Ross Sorkin 'anxious' about stock market crash: 'Reliving 1929'
Wall Street may be heading toward a 1929-style stock market crash — as inflated share prices, speculative bubbles and eroding financial safeguards feel eerily similar to the eve of the Great Depression, according to a financial journalist.
Investors Fear the Return of the U.S.-China Trade War
Andrew here. Lots of news this a.m. We dive into the latest in the U.S.-China trade battle, and JPMorgan Chase just announced a huge new financial commitment in the U.S. I also spoke to Stan Druckenmiller by phone about the U.S.'s $20 billion…
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