Category: Venture Capital

He Was a Tech Investor Before There Was a Silicon Valley

The New York Times – Business:
Bill Draper began funding start-ups in the early 1960s, when the Santa Clara Valley was better known for apricot orchards than microchips. He has died at 98.
College Students Flex Their Power in A.I. Investment Frenzy

The New York Times – Business:
Dorm Room Fund, a program that lets college students invest in their peers, raised a new $50 million fund as the competition for young founders ramps up.
Investors Are Betting On Devices That Connect the Brain to Computers

The New York Times – Business:
By backing Precision Neuroscience, the billionaire Bill Ackman joins Elon Musk and Jeff Bezos in diving into an emerging industry.
In Silicon Valley, Hardware Is Having a Moment Again

The New York Times – Business:
As A.I. transforms the technology industry, venture capital is flowing into “deep tech” start-ups that build robots and semiconductors.
OpenAI Considers New Financing at a $1.5 Trillion Valuation

The New York Times – Business:
The funding round would double the value of the start-up behind ChatGPT and establish it as the world’s most valuable private company.
Inside the $440 Million Collapse of Guidepost Montessori

The New York Times – Business:
A man with a vision set out to revolutionize preschool. It became a $440 million fiasco.
Clay, an A.I. Sales Tool Provider, Raises $115 Million

The New York Times – Business:
The round was led by Wellington Management, a firm known for investing in start-ups on the path toward potential initial public offerings.
French A.I. Start-Up Mistral Raises $3.5 Billion as Part of Strategy Shift

The New York Times – Business:
Mistral is trying to keep pace with American and Chinese rivals while offering customers a European alternative for artificial intelligence.
Which Investors Will Get Rich From Anthropic’s IPO?

The New York Times – Business:
When Anthropic goes public in a blockbuster offering, which investors will profit? The answer says a lot about how much start-up investing has changed over the years.
Donald Trump Jr.’s Firm Leads $1 Billion Funding Round for Polymarket

The New York Times – Business:
The new round values the prediction market at $21 billion, up from $15 billion. Mr. Trump’s firm, 1789 Capital, will invest around $300 million.
Benjamin Rosen, Who Brought Venture Capital to Tech, Dies at 93

The New York Times – Business:
An advocate for Apple on Wall Street, he was also a founding investor in early personal computing firms like Lotus and Compaq, where he served as chairman.
Why Irregular’s A.I. Tests for Meta, Anthropic and OpenAI Went Off the Rails

The New York Times – On the Runway:
Irregular, an Israeli start-up, worked with OpenAI, Anthropic and Meta to assess the security of their A.I. models. It made a mistake. Then the tests went off the rails.