Filings reveal PE and VC returns amid escalating write-downs
Some high-profile venture capital and private equity firms are slashing the valuation of their holdings, causing billions in apparent profits to evaporate as the economic downturn undermines the susta
Crunchbase will begin tracking venture dollars allocated to LGBTQ+ founders
It is estimated that less than 1% of all VC dollars are raised by companies with founders openly within the LGBTQ+ community.
Dispersion Capital launches $40M fund focused on decentralized infrastructure
This deep into the crypto winter big venture fund debuts are few and far between, a far cry compared to previous years. But the freeze is not stopping some venture capitalists from launching new funds
Mayfield raised just shy of $1B to avoid unicorn hype
Navin Chaddha, the storied investor running Mayfield Fund, doesn’t want to be running a billion-dollar fund like many of his peers. “Everyone wants to be Sequoia or a16z,” he said, in an intervi
It’s never too late to align product-market fit metrics with your company’s values
It's a perennial question for early-stage startups: how does one find product-market fit (PMF)?
Greycroft closes on over $1 billion across new funds
Greycroft, the self-styled “seed-to-growth” venture capital firm, today announced the closing of over $1 billion in capital commitments across new funds. The firm’s two flagship vehicles
Fintech-focused VC firm Anthemis Group lays off 28% of staff as part of restructuring
Anthemis Group has completed restructuring that resulted in its letting go of 16 employees, or about 28% of its employees, earlier this year, the fintech-focused venture firm has confirmed to TechCrun
Creative platform EVEN raises $2.2M seed round to help artists sell directly to fans
Rodriguez said he was inspired to launch the company as a way to help, specifically Black and brown artists, retain equity in their creative work.
MassMutual launches $100M fund to invest in diverse founders
It’s close to finishing the deployment of its first MM Catalyst Fund of $50 million, which launched two years ago and has so far invested in 16 businesses throughout the state.
Arts Help launches $6M fundraise to build digital climate library and ESG certification program
The lack of access to proper climate information has become imperative as the Earth’s temperature swells.
Amazon wants to boost ten generative AI startups around the globe
Amazon’s first foray into the world of accelerator programs, designed to help early-stage startups build and launch, was focused on conversational AI back in 2016. Now, seven years later, Amazon has
Tory Burch Foundation launches tool to help women founders find capital
The tool comes at a perilous time for many women founders: last year, companies founded solely by women received just 1.9% of all capital allocated to US startups.
‘Trust is a hard thing to earn’: SVB’s closure could disproportionately affect Black founders
The social impact of Silicon Valley Bank was ‘unparalleled.’
Some SVB customers are struggling to wire funds out of the bank
Some of Silicon Valley Bank’s customers are struggling to transfer funds out of their bank accounts, numerous sources tell TechCrunch. The seeming wave of attempted withdrawals comes after SVB annou
Venture firms are advising portfolio companies to move money out of SVB
VCs are advising startups to generally keep no more than $250,000 in SVB checking accounts.
8VC raises $880M in new fund that aims ‘to fix a broken world’
Austin-based venture firm 8VC, led by controversial Palantir founder Joe Lonsdale, has raised $880 million in its fifth fund. In a blog post published today, Lonsdale — who serves as 8VC’s gen
VCs and founders are finding life easy in the Big Easy
TechCrunch spoke to founders and investors in New Orleans for a vibe check: How is the city emerging as a tech hub?
For Black founders and investors, ringing Nasdaq’s opening bell symbolizes progress
“We’ve come a long way, but we still have a long way to go," one investor told TechCrunch about the event.
Who’s afraid of diversity quotas?
“Diversity quota” has a stigma attached to it these days anyway, but could it at least motivate people to think critically?
Women-founded AI startups see a boost in VC funding
Increasing amounts of funding to women in AI "opens the doors" for new innovation in the sector.