VCs dispense with niceties during Capitol riots: ‘Never talk to me again’

It was hard not to feel emotional today, as the world watched for more than four hours as rioters stormed into and throughout the Capitol building in Washington to disrupt the certification of the election win of incoming U.S. President-elect Joe Biden. They’d been encouraged earlier in the a

8 investors discuss social gaming’s biggest opportunities

The gaming industry has had plenty of watershed moments in 2020 as consumer entertainment habits have shifted in response to the pandemic. One trend has been the crystallization of MMOs as social entertainment hubs that serve more needs for users than ever before. Following my survey of gaming-focu

Extra Crunch’s top 10 stories of 2020

I edited hundreds of stories in 2020, so choosing my favorites would be an exercise in futility. Instead, I’ve tried to gather a sample of Extra Crunch stories that taught me something new. (Which means this top 10 list betrays my ignorance, a humbling admission for a know-it-all like myself.

Activist hedge fund manager Daniel Loeb takes on Intel, plans launch of new VC fund

Third Point, the activist hedge fund run by Daniel Loeb, is busy in the waning days of 2020. It's had great returns despite huge turbulence early in the pandemic — Reuters says that it is up 12.3% for the year as of earlier this month — and the firm clearly sees more and more potential for

Seattle-based Madrona raises $345M for its eighth early-stage fund

Madrona Venture Group has been a mainstay of the Seattle and northwest United States startup ecosystem for years now, and it looks like it is going to continue that legacy going forward. In four separate filings with the SEC, the firm announced its eighth venture capital fund, raising $345 million.

Z Fellows offers $10k to stop what you’re doing for a week and work on a side project

There is massive VC overcapitalization for Series A and later companies, and probably for seed as well. But there is a massive gap in the market to financially underwrite promising founders and guide them out of their current employers or schools. Cory Levy, who has been a long-time angel investor

To win post-pandemic, edtech needs to start thinking big

The edtech market raked in more than $10 billion in venture capital investment globally in 2020, but for students, parents and teachers, the year was defined more by its scramble than its surge. Nandini Talwar, a student and teacher's assistant at Columbia University, wants to hold more efficie

Snoop Dogg’s Casa Verde Capital closes on $100 million as the cannabis industry bounces back

Casa Verde Capital, the investment fund co-founded by cannabis connoisseur Snoop Dogg (also known as Calvin Broadus), has closed on $100 million for its second investment fund, according to documents filed with the SEC. The fund, whose managing director, Karan Wadhera declined to comment for this a

3 VCs discuss space junk and what else they’re betting on right now

Space may be the final frontier, but in terms of investment, VCs are just getting started. With that in mind during TC Sessions: Space 2020 last week, we spoke to three investors who’ve been actively funding what could become tomorrow’s biggest companies to learn where they might focus

Wish (and Airbnb, and Palantir) investor Justin Fishner-Wolfson doesn’t care about first-day pops

It’s probably no wonder that when Founders Fund was still a very young venture firm, it brought aboard as its first principal Justin Fishner-Wolfson. Having nabbed two degrees from Stanford and spent two years as CEO of an organization that provides asset management services to the schoolR

PepsiCo signs on to sponsor new founder-in-residence program from M13

"speakable-summary" dir="ltr">The budding venture studio being built inside M13 has signed PepsiCo as its first new corporate partner. Through the deal, PepsiCo has agreed to bankroll the first founder-in-residence program from the New York and Los Angeles-based firm, which poached former Techstars

New Wave is a new European seed fund headed up by ex-Accel VC Pia d’Iribarne

Pia d'Iribarne, formerly of Accel and Stride, is heading up a new European early-stage venture capital firm co-founded with French entrepreneur and investor Xavier Niel, technewss has learned. Dubbed New Wave, its debut fund of $56 million was raised in just three months and has already begun

Fifth Wall adds new partner as it seeks at least $200 million for a new climate impact fund

When it first launched nearly three years ago, Fifth Wall had a vision of leveraging capital limited partners from across the real estate development and construction business to back the technologies the industry needed most. That early vision resonated so well that the firm has grown from managin

Lux Capital’s Deena Shakir sees space and frontier tech going mainstream right now

Deena Shakir joined Lux Capital as a partner last year after spending seven years with Google, the last of them with GV, Google’s venture unit. While Shakir seems to fit right in with the firm — known for its wealth of PhDs and moonshot investments — venture wasn’t something