Sophia Amoruso launches Trust Fund for founders
Sophia Amoruso, the creator of Nasty Gal and Girlboss, has started a movement, has empowered generations of women and has done the entrepreneur victory lap — the last of which she doesn't necessarily recommend to other founders because “it's a distraction.” She’s also raised
A lot of fintechs ‘have to fix their business models,’ say VCs who invest in fintech
In recent years, working for, or banking with, a traditional financial institution was decidedly uncool. Far cooler was working for or banking with one of the many fintech startups that seemed to thumb their nose at stodgy bank brands.
Then the Federal Reserve hiked interest rates, stocks tanked an
Women-founded startups raised 1.9% of all VC funds in 2022, a drop from 2021
Last year, U.S. startups with all-women teams received 1.9% (or around $4.5 billion) out of around the $238.3 billion in venture capital allocated, according to the latest PitchBook data.
That percentage is a notable drop from the 2.4% all-women teams raised in 2021. The decline was expected, given
Sequoia injects $195 million into an ever-eager seed environment
Sequoia Capital, a storied venture capital firm, announced today that it has launched a $195 million dedicated seed fund, its fifth. The vehicle will be used to back founders across the United States and Europe; the capital will also be used to invest in future cohorts or its Arc program, an intern
Amplifica Capital 'wants to be the fund that LatAm’s female tech founders reach out to first'
Anna Raptis, founder and CEO at Mexico-based venture capital firm Amplifica Capital, was always someone who's been “interested in facilitating economic development.”
Born in Australia, she followed that lead, holding positions with the United Nations and the World Bank, spending two decades
Sequoia Capital’s Alfred Lin in his first public interview since the implosion of FTX (video)
Last night, at an industry event hosted in San Francisco by this editor, venture capitalist Alfred Lin of Sequoia Capital sat down for a one-on-one conversation about the evolution of his storied investment firm, which has enjoyed a largely unblemished record of stunning success — a record si
Crypto in for a 'choppy year' of slow capital deployment, investors say
While some crypto-focused venture capitalists are bullish for 2023, others see it as a hazardous time.
“I think it's going to be a fairly choppy year,” David Nage, venture capital portfolio manager at Arca, said to technewss. “You're going to have a pretty strong stomach for this ove
Clouds might be scattering in China’s venture capital world
The outlook of investing in China is suddenly brightening up as the country gradually phases out its draconian zero-COVID policy, which has caused disruptions in businesses of all kinds and kept the country’s borders shut for the last three years.
For venture capitalists, the pandemic has bee
Kakao Entertainment lands $966M from sovereign wealth funds, including Saudi Arabia’s PIF
Kakao Entertainment announced today it has raised $966 million (1.2 trillion won) in financing from sovereign wealth funds, such as Saudi Arabia’s Public Investment Fund (PIF) and Singapore-based PWARP Investment. The entertainment subsidiary of South Korean internet giant Kakao operates stor
Predictions for the longevity industry in 2023
Last year was when we all got the wake-up call about longevity. From major reports published on the impact of longevity by the National Academy of Medicine and McKinsey to every leading newspaper, public discourse highlighted how our global healthcare, financial and housing infrastructure was faili
Carta, previously sued for gender discrimination, is now suing its former CTO
Carta, the 11-year-old, San Francisco-based outfit whose core business is selling software to investors to track their portfolios, has sued its former CTO, Jerry Talton, who the company says was fired “for cause” almost three weeks ago, on Friday, December 23.
In its lawsuit, Carta is s
Peppy secures a $45M Series B to expand its B2B2C health services platform to the US
There are some mega-trends playing out across developed-world workforces that startups are picking up on. There's the digitization of healthcare, the “platforming” of employee services and the macro effects of older employees, combined with the cost of living crisis for new parents.
New functional tea brand, buoyed by $6.7M in new funding, debuts in Wegmans, Whole Foods
The Ryl Company, a healthy beverage company making a line of functional ready-to-drink tea, raised $6.7 million in funding and is launching into retailers across the Northeastern U.S. in Wegmans and select Whole Foods Market and Wakefern stores.
Functional beverages, those offering healthier benefi
Khosla Ventures goes after $3B in new funds
Despite a slowdown in deploying venture capital, U.S. venture capital firms had few problems attracting capital for new funds in 2022.
We now have a new opportunity to see if this trend will continue: Khosla Ventures is raising about $3 billion across three new funds, according to regulatory filing