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.
Seven Seven Six, Alexis Ohanian's Venture Capital Firm, Acquires College-Focused ONIT
Seven Seven Six, Reddit Co-Founder Alexis Ohanian's venture capital firm, has acquired ONIT, the officially-licensed college sports trading card company. ONIT creates trading cards for thousands of student-athletes on hundreds of collegiate teams.
'People-powered' super PAC launches to counter AI industry spending
A new political organization launched Thursday to “confront the efforts” of the pro-AI super PAC Leading the Future, which has poured millions of dollars into congressional primaries across the country. The super PAC, named Guardrails…
The AI trade should be the anchor of a revamped 60/40 portfolio, Apollo's top economist says
The 60/40 portfolio is a foundational investing strategy, but thanks to AI, it might be time for a revamp. Torsten Sløk, Apollo Global Management's chief economist, said the 60/40 allocation — 60% in equities and 40% in bonds —…
Elon Musk and Altman are generating the future
It happened: A public offering on the stock exchange of the technology and space giant SpaceX, 69 years after the USSR launched the first artificial satellite in human history on October 4, 1957. The Soviet launch stunned the Western world and…
Space startups seek insurance for orbital AI data centers
By Akash Sriram and Jemima Denham NEW YORK/LONDON, June 18 (Reuters) - Space companies have spoken with insurers about coverage for orbital AI data centers, a sign of early progress for an experimental industry backed by Elon Musk's SpaceX…
Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange
The 22-year-old son of a crypto-friendly senator plans to launch his own exchange for a type of derivative popularized by digital asset traders. Theodore Gillibrand, whose mother is Sen. Kirstin Gillibrand (D-N.Y.), has drummed up $30 million in a…
Report: Inside Peter Thiel's Private Club, Where Oligarchy Builds the Future
A leak from Peter Thiel's private Dialog society offers a rare look at how America's political, military, financial, and technology elites gather when they believe the public is not watching. The result is not just embarrassing. It is revealing.
Alexis Ohanian's VC firm acquires college sports trading card company ONIT
When Reddit co-founder Alexis Ohanian describes something new in his life as a “dream come true,” it might raise eyebrows. But for a trading card and memorabilia collector like him, owning a card company is still the definition of the…
Massachusetts was just ranked the best economy in the US. Innovation is a big reason why.
Whether it's cornfields, tornadoes, or Broadway, every state is known for something. But in terms of overall economic strength, one state stands above the rest. Massachusetts has the best economy in the United States, according to a WalletHub study…
₹6,000 cr. renewable energy project among ₹30,515 cr. proposals cleared by SIPB
The State Investment Promotion Board (SIPB) has cleared investment proposals worth ₹30,515 crore from 50 companies across diverse sectors, which are expected to generate an estimated 29,677 jobs in Andhra Pradesh. Among the major projects…
Joshua Baer, the architect of Austin's tech scene, dies at 50
The man who died when a small jet crashed on a Texas highway was an entrepreneur well-known in the state for being at the center of Austin's turbocharged evolution as a technology hub. Joshua Baer, 50, described himself as an…
Baseten's tiered round, Castelion's $12b raise, and Thoreau's Ensemble buy
• Baseten, an SF-based inference computing company, is finalizing a $1.5b round that will give some investors a $11b valuation and others a $13b, per the WSJ. Go deeper • Castelion, a San Mateo, Calif.-based hypersonic missile maker…
EQT to acquire Exolaunch
WASHINGTON — Private equity firm EQT is acquiring Exolaunch, a company that has handled the rideshare launches of hundreds of satellites, to help it meet growing launch demand. The companies announced June 18 that EQT would buy Exolaunch…
Dream Raises $260 Million at $3 Billion Valuation
The funding was jointly led by Bicycle Capital and Group 11, with participation from Antler, Bain Capital Ventures, Tru Arrow Partners and other investors, Dream said Thursday. The financing comes as investor appetite for AI-linked companies…
Capital Factory founder Joshua Baer killed in Texas private jet crash
Joshua Baer, the founder and CEO of Austin-based venture capital firm Capital Factory, was killed after a private jet carrying six people crashed and burst into flames on a highway in Laredo, Texas, on Tuesday night. The aircraft, a…
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