Latest from Connie Loizos
It’s more than a feeling. According to new data coming out from the research firm PitchBook and the National Venture Capital Association (NVCA), venture firms are raising — and deploying…
House Fund’s new AI accelerator program will run for 2 months, kicking off in early July and ending in early September. Around 6 companies will be accepted.
Andreessen Horowitz is openly courting capital from Saudi Arabia, despite U.S. strains. According to Bloomberg, Marc Andreessen and Ben Horowitz appeared onstage with WeWork co-founder Adam Neumann to talk for…
1,100+ notable signatories just signed an open letter asking ‘all AI labs to immediately pause for at least 6 months’
Signatories including Elon Musk, Steve Wozniak, and Tristan Harris are asking AI labs to pause building AI more powerful than GPT-4.
Yesterday, the ride-sharing company Lyft said its two co-founders, John Zimmer and Logan Green, are stepping down from managing the company’s day-to-day operations, though they are retaining their board seats.…
‘Graceful way out’: Investors propose some struggling founders close shop and return funding
Their argument is that some startups simply raised too much, and that at this point a clean, well-planned exit is better than a messy one.
A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down
As a serial entrepreneur who has famously endured some ups and downs, Parker Conrad thought he’d seen it all. Still, he never imagined that there would be a run on…
Regulators are looking harder at insider stock sales by SVB execs (which really added up)
The Justice Department and SEC are investigating the stock sales that officers of Silicon Valley Bank made days before the bank failed, according to both the WSJ and the NYTimes.…
Yesterday at around noon in Los Angeles, investor Mark Suster of the venture firm Upfront Ventures began urging “calm” on Twitter. Silicon Valley Bank had bungled its messaging on Wednesday…
It will go down in the history books about Silicon Valley: the time that its most prominent bank, a bank founded nearly 40 years earlier, inflicted such grievous injury on…
Worldcoin, co-founded by Sam Altman, is betting the next big thing in AI is proving you are human
Fake virtual identities are nothing new. The ability to so easily create them has been both a boon for social media platforms — more “users” — and a scourge, tied…
Felicis funded 50% more deals last year than in 2021, some as prices were still rising — and it says it has no regrets
Felicis, a now 17-year-old, San Francisco- and Menlo Park-based venture firm, is announcing today that it has closed its ninth flagship fund with $825 million, compared with the $600 million…
Chamath Palihapitiya: It could take three years for the market to ‘accurately’ reprice late-stage cos
Former Facebook exec turned VC Chamath Palihapitiya has long been a controversial figure in the investing world. Both brilliant and combative, Palihapitiya came to be known most widely by ushering…
Chris Rock to address ‘The Slap’ in Netflix’s first livestreamed broadcast this Saturday
Chris Rock is a widely beloved comic; he’s also a savvy entrepreneur. Though Rock might have talked with media outlets about being assaulted by actor-producer Will Smith last March during…
Volition’s Larry Cheng on trying to raise a fund right now: ‘All of the LPs felt more constrained’
Last month, Volition Capital, a 13-year-old, 30-person Boston-based growth equity firm, announced it has closed its fifth fund with $675 million in capital commitments, bringing its total assets under management…
SignalFire’s founder says his VC firm lost staffers who ‘thought we were too cheap’ in prior years
For most founders, being seen by employees as cheap isn’t exactly a badge of honor, but venture investor Chris Farmer doesn’t mind. While Farmer’s 10-year-old, seed-stage venture firm SignalFire lost…
Technologist and researcher Aviv Ovadya isn’t sure that generative AI can be governed, but he thinks the most plausible means of keeping it in check might just be entrusting those…
It was only a matter of time before frustrated customers of the fallen crypto exchange FTX went after its deep-pocketed venture backers. Indeed, the most surprising thing about a class-action…
It’s always nice to have a lot of capital to invest, but managing a large new fund can be even more advantageous right now given that many later-stage companies that…
Rihanna’s Savage X Fenty and a newer startup, FIT:MATCH, team up to sell better-fitting lingerie
Shoppers at Rihanna’s lingerie brand Savage X Fenty may soon find it easier than ever to find products that fit their measurements. Last year, the brand made an investment in…
Artist Mason Rothschild thought he was sitting on a “goldmine” when he began creating digital versions of the iconic Hermès Birkin handbag and selling these as NFTs. Among them was…
Sequoia reveals in filing how much is sitting in its Sequoia Capital Fund (and yes, it’s a lot)
Almost a year ago to the day, the 50-year-old investing powerhouse Sequoia Capital announced that it had reorganized itself around a singular, permanent structure: The Sequoia Capital Fund. Now, thanks…
Five years ago, Google backed away from a Pentagon government contract because thousands of employees protested that its tech might be used for lethal drone targeting. Today, however, Silicon Valley…
OpenAI CEO Sam Altman believes AI can help usher in “unbelievable abundance,” but he says he wants to ensure that such abundance is shared. Toward that end, Altman has embraced…
Despite continuing talk about a possible recession, slumping tech stocks and a slowdown in the world of startup investing, the business of funding was positively humming last week.
Fifth Wall, focused on real estate tech and managing $3.2B, looks to eat up even more of its market
Brendan Wallace’s ambition is beginning to seem almost limitless. The LA-based venture firm that Wallace and co-founder Brad Greiwe launched less than seven years ago already has $3.2 billion in…
Fabrice Grinda says he never intended to run a venture firm. He just really (really) enjoyed angel investing. In fact, by late 2013, when he was on the verge of…
It’s a tough time to be a richly priced company that didn’t go public when the getting was good. Not only are there fewer later-stage players with the resources and…
Cowboy Ventures, the now-10-year-old, Bay Area-based seed-stage focused fund founded by renowned investor Aileen Lee, has closed on two new funds totaling $260 million in capital commitments. The outfit garnered…
A $32 million seed round may seem like a throwback to frothier times, like … 2021. But that’s how much PLAI Labs just raised in a deal led by Andreessen…