Hedge Fund That Bet Against GameStop Shuts Down
A London-based hedge fund that suffered losses betting against US retailer GameStop during the first meme stock rally in January is shutting its doors [Editor's note: the link may be paywalled; alternative source]. From a report: White Square Capital.....»»
How do plants hedge their bets?
In some environments there is no way for a seed to know for sure when the best time to germinate is......»»
Aerion Shuts Down, Halts Work On Proposed Supersonic Business Jet
Despite $11.2 billion worth of orders, and partners like Boeing, General Electric and Berkshire Hathaway, Aerion says it still couldn't raise enough money to head into production "in the current financial environment," according to a Flying magazine.....»»
Middle East and Africa will reap benefits from Nuwa Capital’s newest fund
Nuwa Capital, a venture capital firm based in Dubai and Riyadh, announced the first close of its $100 million NVFI fund in February. The close was three-quarters of the target and was done in less than a year following the firm’s launch in Febr.....»»
Dismantling the myths around raising your first check
While VC is the flashy gold medal sometimes, the rapid growth of emerging fund managers means that your first check can be piecemealed together from a variety of different sources. As startups and venture capital grow in tandem, fundraising.....»»
FM Capital steps up automotive investments with new $150M fund
First Move Capital, the Boulder-based venture firm that has invested in used car marketplaces Frontier Auto Group and Vroom as well as mobility-as-a-service startup Via, has closed a new $150 million fund that will focus on the automotive and transpo.....»»
This $250 million growth fund will divert half its profits to historically Black colleges and universities
There’s been a lot of talk about racial equality in the year since George Floyd was murdered in Minneapolis, but achieving it is far easier said than done given the current state of affairs. Consider: according to the U.S. Government Accountabi.....»»
CorrActions raises $2.7M to help avoid errors in human-machine interactions
CorrActions, a noninvasive neuroscience startup that uses sensor data to evaluate a user’s cognitive state due to drowsiness, alcohol, fatigue and other issues, today announced that it has raised a $2.7 million seed round. Early-stage fund Vent.....»»
This $250 million growth fund will divert half its profits to historically black colleges and universities
There’s been a lot of talk about racial equality in the year since George Floyd was murdered in Minneapolis, but achieving it is far easier said than done given the current state of affairs. Consider: according to the U.S. Government Accountabi.....»»
GameStop Is Building An NFT Platform On Ethereum
GameStop has quietly unveiled a new web portal for a non-fungible token (NFT) platform. The Block reports: "We are building a team" the page declares, stating: "We welcome exceptional engineers (solidity, react, python), designers, gamers, marketers,.....»»
OpenAI"s $100 Million Startup Fund Will Make "Big Early Bets" With Microsoft As Partner
OpenAI is launching a $100 million startup fund, which it calls the OpenAI Startup Fund, through which it and its partners will invest in early-stage AI companies tackling major problems (and productivity). Among those partners and investors in the f.....»»
OpenAI’s $100M startup fund will make ‘big early bets’ with Microsoft as partner
OpenAI is launching a $100 million startup fund, which it calls the OpenAI Startup Fund, though which it and its partners will invest in early-stage AI companies tackling major problems (and productivity). Among those partners and investors in the fu.....»»
Senate Preparing $10 Billion Bailout Fund For Jeff Bezos Space Firm
An anonymous reader quotes a report from The Intercept: Now that Jeff Bezos's space flight company Blue Origin has lost a multibillion contract to Elon Musk's SpaceX, Congress is prepping the ground for Bezos to win a contract anyway, ordering NASA t.....»»
Highlights of the day: Chip vendors funding expansions at pure-play foundries
Pure-play foundry houses are requiring fabless chip vendors to prepay for the capacity bookings or to co-fund their capacity expansion projects. One of such cases is Qualcomm striking a six-year deal UMC in order to secure foundry support. Supply in.....»»
Facebook co-founder Saverin’s B Capital doubles down on SaaS in China
B Capital Group, the six-year-old venture capital fund formed by Facebook co-founder Eduardo Saverin and Bain Capital veteran Raj Ganguly, is doubling down on China as it looks to allocate $500 million to $1 billion of its fund into Chinese tech comp.....»»
The LatAm funding boom continues as Kaszek raises $1B across a duo of funds
Long before SoftBank launched its $2 billion Innovation Fund in Latin America, and before Andreessen Horowitz began actively investing in the region, Sao Paulo-based Kaszek has been putting money into promising startups since 2011, helping spawn nine.....»»
Seed-stage accelerator Flat6Labs closes $13.2M fund for startups in Egypt
Investment activities in Egypt continue to gain steam, not for startups only but also the funds backing them. Today, seed accelerator Flat6Labs announced the second close of its Egypt fund to support early-stage startups and provide follow-up investm.....»»
British AI startup Faculty raises $42.5M growth round led by Apax Digital Fund
British artificial intelligence (AI) company, Faculty has raised £30 million ($42.5M) in growth funding from the Apax Digital Fund (ADF). The startup has now raised a total of £40m ($56.6M) to date. In April this year, the company announced it had.....»»
Bain Capital Ventures raised $1.3 billion to fund young startups, and young VC firms, too
Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 mil.....»»
Bain Capital Ventures raised $1.3 billion to fund young startups, but young VC firms, too
Bain Capital Ventures (BCV), the venture arm of the 37-year-old private equity firm Bain Capital, announced this morning that it has $1.3 billion more smackers to invest across two funds, a $950 million fund for seed and Series A deals and a $350 mil.....»»
Chasing hype is human nature: The tyranny of startup trends
Don’t let an imagined future state of regret drive a decision to launch or fund a new venture. Trends present real opportunities, but founders and investors should engage with caution. Victor Echevarria Contributor.....»»