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One morning this past spring, I was working at my desk when Biz, a fellow tech reporter with a bloodhound’s nose for news, texted me a screenshot of my husband’s Twitter bio.Something was missing. Kyle had deleted the name of his startup.“What happened to Playbyte????” Biz wrote.Confused, I wrote back, “Wait that’s so weird. I’ll talk to him.“Kyle and I both work from home, and I wanted to confront him then and there. But talking about my husband’s battle-scarred startup always had the potential…
2 months ago
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It’s no secret that startups are taking longer to fundraise. What’s less obvious is that the same can be said for many venture capital firms.While many firms sit out this fundraising season, Founder Collective is taking the wraps off a new fund. The firm has raised $95 million for its fifth and largest fund, Founder Collective tells Insider exclusively. The fund’s size represents a modest 12% increase from the last vehicle it closed in 2020, though a spokesperson for the firm said that with infl…
3 months ago
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Founders Fund’s newest partner Jennifer Campbell isn’t hunting unicorns, or startups worth more than $1 billion. She’s looking to “harpoon a whale,” she told Insider in her first interview since she joined the legendary venture capital firm this month. And she has a strategy to do so.“Everyone’s really investing in incremental businesses, but Founders Fund is one of the few that’s still looking for super audacious ideas,” Campbell said in a video call from an office in San Francisco’s Presidio n…
3 months ago
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It wouldn’t be a Marc Andreessen essay if the internet didn’t lose its mind over it.That’s what happened Monday when the billionaire venture capitalist dropped a lengthy manifesto that decries efforts to regulate technology and the full-blown moral panic around artificial intelligence. Rather, technology, he wrote, can solve for “any material problem” under the sun and herald a new era of “abundance for everyone.”“Typical boneheaded straw man setup that EVERYONE but the fine minds of tech elite…
3 months ago
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It hasn’t been an easy time for emerging fund managers.Those who raised their first venture capital funds in the pandemic-era boom times are now struggling with their sophomore efforts. Family offices and institutions that front money to venture funds have been pulling back from emerging managers, parking their money at established firms instead. Data from PitchBook shows that emerging managers are pacing for their worst fundraising performance since 2016, with a meager $2.3 billion in commitmen…
3 months ago
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In September, one of Boston’s own homegrown companies, Klaviyo, was among the first tech startups to pry open the IPO market, which had been closed for a two-year stretch. Shares of Klaviyo, which makes email-marketing software for online merchants, soared in its Wall Street debut and are trading a hair above its opening price. The exit will create a cash windfall for local investors who bet early on Klaviyo.The moment also shone a light on the thriving ecosystem of startup founders and funders…
4 months ago
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In the midst of a funding crapshoot for young startups, The Grand, a four-year-old startup that provides career coaching as a service, has raised $4.7 million in a round of seed funding led by Alexis Ohanian’s Seven Seven Six.You could say founders Anita Hossain Choudhry and Rei Wang had a leg up on creating the pitch deck they used to convince venture capitalists to back their startup. They’ve seen countless presentations like it. The two met as employees at First Round Capital, where Hossain C…
4 months ago
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Each year, droves of tech founders, funders, and dreamers descend on TechCrunch Disrupt. And for years the event was regarded as a kind of fashion wasteland. Hoodies and ill-fitting jeans passed as the uniform onstage and at after parties. Back in 2015, GQ felt compelled to write an entire tribute to the “one well-dressed man” at the conference.But as the curtains rose on the startup world’s big tent at the Moscone Center in San Francisco last week, the fashion transformation was undeniable. We…
4 months ago
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Klaviyo started as a way for merchants to sell more by stepping up their email marketing. That idea bloomed into a remarkably efficient tech behemoth that is profitable and fast growing, but it didn’t happen overnight.Eleven years after its founding, Klaviyo is now a publicly traded company. It priced shares at $30 per share in its initial public offering, raising $576 million in proceeds. It debuted on Wall Street with a pop, opening 23% above its initial price, at $36.75 per share. The opening…
4 months ago
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In the boom times, venture investors seized an opportunity to raise their own funds. They’re now forced to adapt to a new reality, or call it quits.
11 months ago
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Founded by 24-year-old University of Pennsylvania grad Jacob Beckerman, Macro is a desktop app for editing documents using artificial intelligence.
12 months ago
