To win the artificial intelligence race, Google not only has developed its own technologies, but has also pumped money into prominent A.I. start-ups. And to preserve its competitive edge, Google has kept its ownership stakes in those start-ups a secret. Court documents recently obtained by The New York Times reveal Google’s stake in one of
The arrival of the internet unleashed a wave of creativity as users found new ways to make and mix culture, but it also delivered an economic blow to authors, musicians, and news outlets. Much of the revenue that had once flowed to content producers got gobbled by tech platforms like Facebook and Google. Now, at
This year has seen three fledgling AI firms swallowed up by Big Tech companies. As the Financial Times (FT) notes in a report Wednesday (Aug. 14), it is a pattern that threatens to leave venture capitalists (VCs) on the outside looking in at the artificial intelligence (AI) boom. AI companies Adept, Character.AI and Inflection had, combined, raised
Balderton Capital, one of Europe’s leading technology venture capital firms, announced its €563 million Early Stage Fund IX and €627 million Growth Fund II, to back Europe’s most ambitious entrepreneurs from seed stage through IPO. “At Balderton, we believe the best way to change the world is to build a business – and that many
For Scott Trench, this all started with a park bench, someone else’s dog, and a stranger. Trench, in his first couple years out of college, was trying to figure out what to do with his life. And one late morning more than a decade ago, he found his answer: Out walking his friend’s dog, Trench
Meltem Demirors has become a prominent voice in the blockchain industry through her work at the digital asset investment firm CoinShares and her 263,000-follower count in the trenches of Crypto Twitter. After investing in hundreds of companies at CoinShares and as an angel investor, Demirors is launching her own venture firm called Crucible Capital, according
Siddhi Capital plans to invest in more growth-stage CPG businesses in Fund II. Siddhi Capital Growth equity firm Siddhi Capital, best known for offering in-house operational expertise to food and beverage brands, has closed its $135 million Fund II, doubling the size of its predecessor fund. With inflation and high interest rates continuing to loom
When most people talk about hurricanes, they talk about the storm itself—the dark, swirling experience of watching trees fall from the right side of a glass hurricane window. But I’m from Florida and I’m here to tell you: The hurricane doesn’t end when the storm ends—it ends when the power and gas comes back on.
High interest rates usually spell trouble for venture capital (VC) firms. But with a hot hand to play like AI and cybersecurity, and a shrewd evaluation strategy for potential investments, VC companies can still find plenty of opportunity. It’s a formula that Geneva-based Forestay Capital has worked effectively recently. On Monday (July 8), it announced
Lee Edwards, partner at Root VC, has a saying at his firm that “pro rata rights are earned, not given.” That may be a bit of a stretch since pro rata refers to a term that VCs put in their term sheets that gives them the right to buy more shares in a portfolio company