Latest from Connie Loizos
Michael Moritz moves on, book-ending a long chapter at Sequoia Capital
Michael Moritz, the journalist-turned-VC who has long been one of the most prominent and respected investors at Sequoia Capital, has left the firm after 38 years to “deepen his advisory…
Forerunner Ventures sees a future full of ‘digitally native franchises’
Forerunner Ventures first made its name in the venture world by betting on once-nascent startups like Jet, Bonobos and Glossier when it was far easier to build a digitally native…
Sandwich, known for its commercials, looks to help younger startups in exchange for equity
Sandwich, an LA-based, 17-person outfit, has produced many commercials on behalf of tech companies over its 14-year history, including Square, Slack and Figma. Sometimes, it has taken equity in exchange…
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Kindred Ventures foresees a ‘massive explosion of startups’ courtesy of AI
Last week, we talked with Kindred Ventures, a small, nine-year-old, San Francisco-based early-stage venture firm that, despite investing in a lot of nascent startups — more than 100 to date — takes a generalist approach, investing in AI, climate tech, consumer internet companies, crypto deals, fintech startups, health startups, mobility…
Get a clue, says panel about buzzy AI tech: It’s being ‘deployed as surveillance’
Earlier today at a Bloomberg conference in San Francisco, some of the biggest names in AI turned up, including, briefly, Sam Altman of OpenAI, who just ended his two-month world…
Kaitlyn Glancy, long Flexport’s VP of North America, just joined the world of VC
Today, Kaitlyn Glancy, who has spent more than eight years with the logistics company Flexport — the last four of them as the outfit’s vice president of North America —…
How Amazon beat Walmart — and who might beat Amazon: Talking with reporter Jason Del Rey
Jason Del Rey has spent the last 15 years reporting on e-commerce businesses, including Walmart and Amazon. Now, in a new book that hit shelves today called “Winner Sells All,”…
Peakview, a US LP once solely backed by a Chinese firm, further diversifies its investor base
In the aftermath of Sequoia Capital’s big reveal earlier this week that its China- and India-based affiliates are spinning off into independent entities, we reached out yesterday to someone who…
Julie Wainwright is back with a new, venture-backed startup
Julie Wainwright, founder and former CEO of the publicly traded, luxury online consignment company The RealReal, is back with a new startup. Called Ahara, the Los Angeles-based outfit describes itself…
At the end of 2020, Miles Grimshaw became — and remains — the most recent addition to the storied venture firm Benchmark, which has stubbornly refused to change how it…
Greycroft co-founder Ian Sigalow on investing $1B in this market
Greycroft, the now 17-year-old, New York- and Los Angeles-based venture firm, has grown up in more ways than one. What began with three founders has evolved into a 60-person team.…
Last summer, Blackbird, one of Australia’s largest venture operations, marked down the value of one of its most prized stakes, in the Sydney-based design platform Canva. Valued at $40 billion…
As part of AI push, Chinese tech giant Baidu is now rolling out an AI venture fund
Here comes yet more money for AI startups. Today, the Chinese search giant Baidu announced that it plans to establish a venture fund with 1 billion yuan ($145 million) to…
Explaining Blockchain Capital’s big bet on an eyeball-scanning orb
This week, Worldcoin, an outfit that aims to serve as proof of personhood in a world where it’s harder by the day to distinguish a human from a bot, raised…
This Stanford grad is taking on pawnshops with a new credit card startup
In recent years, there’s been no shortage of startups offering credit lines to the underbanked. Most talk about their mission to help people establish credit, which is noble, but they’re…
Neo, a six-year-old, Bay Area–based outfit founded by renowned serial entrepreneur and investor Ali Partovi, is announcing that it has garnered $235 million in capital commitments across two new funds.…
Gary Marcus is happy to help regulate AI for US government: ‘I’m interested’
On Tuesday of this week, neuroscientist, founder and author Gary Marcus, sat between OpenAI CEO Sam Altman and Christina Montgomery, who is IBM’s chief privacy trust officer, as all three…
NewLimit, co-founded by Coinbase CEO Brian Armstrong, raises $40M to extend life
NewLimit, a 1.5-year-old, San Francisco-based, 17-person company that aims to increase the number of healthy years each person lives by epigenetically reprogramming cells, is today announcing that it has raised…
Renowned investor Elad Gil on how the great AI race will likely shake out
Elad Gil, a successful founder and prolific investor, has already been called Silicon Valley’s biggest solo venture capitalist, given the massive amounts of capital he has been investing in recent…
Austin Russell became the youngest self-made billionaire in 2021; now he owns Forbes
Austin Russell is on quite a run. The 28-year-old founder and CEO of Luminar, which develops vision-based lidar and machine perception technologies primarily for self-driving cars, told The Wall Street…
Sound Ventures has already plugged half its new $240 million AI fund into three companies
Sound Ventures, the eight-year-old, Beverly Hills, California-based venture firm led by general partners Ashton Kutcher, Guy Oseary and Effie Epstein, announced a new $240 million AI fund just last week.…
Critics are flaming The New York Times for posting earlier this morning what they say is an overly empathetic 5,500-word profile of Theranos founder Elizabeth Holmes. But writer Amy Chozick…
In Europe, Accel banks on a turnaround over the next 6 to 9 months
It’s been almost five years since this editor sat down with longtime VC Harry Nelis and three other investors from Accel’s London office to talk about the trends rippling through…
Theranos founder Elizabeth Holmes isn’t headed to jail tomorrow after all
Theranos founder Elizabeth Holmes will not be heading off to prison tomorrow to begin serving an 11-year sentence, as first reported by the WSJ. Though earlier this month U.S. District…
If the startup OpenAI is feeling protective about its brand lately, it’s understandable. ThreatGPT, MedicalGPT, DateGPT and DirtyGPT are a mere sampling of the many outfits to apply for trademarks…
In Silicon Valley, some of the brightest minds believe a universal basic income (UBI) that guarantees people unrestricted cash payments will help them to survive and thrive as advanced technologies…
Microsoft is dropping Twitter from its advertising platform next week, nearly two months after Twitter announced that it will begin charging a minimum of $42,000 per month to users of…
Talking with Future Ventures about its new fund, AI hype and Siri sucking (still)
For a firm whose bets are largely unpredictable, the early-stage venture firm Future Ventures has become very formulaic in its fundraising. Now entering its fifth year, the firm just closed…
Eclipse eclipses previous fundraises with a whopping $1.23 billion across two new funds
The market may be be tightening, but not for Eclipse, a Palo Alto-based venture firm that just raised $1.2 billion across two new funds. One fund, with $720 million in…
In a slowing market, venture investor Canaan still closes $850M across two new funds
The market is slowing down, but that’s not stopping Canaan, a 35-year-old early-stage venture firm that invests in both tech and healthcare. It just closed on $850 million in capital…