Category: Venture Capital

Investors Who Put $2 Billion Into FTX Face Scrutiny, Too

The New York Times – Business:
Venture capital firms and investment funds showered the failed crypto exchange and its founder with money. There were few strings attached.
FTX Nears Collapse After a Deal With Binance Fails

The New York Times – Business:
After a rescue deal collapsed, the cryptocurrency exchange is scrambling for a lifeline, as investors and customers prepare to fight for their money.
Macy’s Plans to Invest Millions to Fund Minority-Owned Businesses

The New York Times – Business:
The department store chain is investing $30 million over five years to support entrepreneurs from underrepresented groups in the retail industry.
Investors Await the Fed’s Next Move

The New York Times – Business:
Markets expect another big interest rate increase on Wednesday. But investors are also anxious about the central bank’s coming moves.
Silicon Valley’s Unbridled Euphoria Runs Into Economic Reality

The New York Times – Business:
Once-buzzy start-ups had held out against the new reality that the good times are over. No longer.
A Coming-Out Party for Generative A.I., Silicon Valley’s New Craze

The New York Times – Business:
A celebration for Stability AI, the start-up behind the controversial Stable Diffusion image generator, represents the arrival of a new A.I. boom.
Peter Thiel, Major U.S. Political Donor, Is Said to Pursue Maltese Citizenship

The New York Times – Business:
Obtaining citizenship in Malta would provide another passport for Mr. Thiel, who is one of the largest individual donors for the U.S. midterm elections.