Rolling funds, the rise of solo capitalists, crowd syndicates, and team-based seed funds all scream one thing in unison: venture capital is growing and getting unbundled at the same time. While the asset class remains largely exclusive and skewed white and male, innovation does have the potential to usher in a new, far more inclusive…
The war between two of China’s largest esports companies may soon come to a truce at the will of their investor Tencent. Tencent, the world’s biggest games publisher, announced late Monday a proposal to consolidate Douyu and Huya, the competing livestreaming sites focused on video games. Rather than paying in cash, the deal will see…
CakeResume is a startup creating an alternative for the tech industry to job search platforms like LinkedIn. The Taipei-based company, founded in 2016, announced today that it has raised $900,000 in seed funding from Mynavi, one of the largest staffing and public relations companies in Japan. The round will be used to expand CakeResume’s operations…
It’s been seven years since Tencent picked up a 36.5% stake in Sogou to fend off rival Baidu in the online search market. The social and gaming giant is now offering to buy out and take private its long-time ally. NYSE-listed Sogou said this week it has received a preliminary non-binding proposal from Tencent to…
Xbox chief executive Phil Spencer wants console wars to end. That simply isn’t realistic. Fans will always debate over which box is better. Console wars have been around as long as the boxes themselves, but none as long as the Xbox and PlayStation brands. Unfortunate toxicity and all, the fight between which console is best…
Tesla is seeking up to $68 million in property tax abatement from a Texas school district to build a factory that will be used to produce Model Y crossovers for the East Coast market as well as its upcoming Cybertruck pickup. The application to the Del Valle School District located in Travis County southeast of Austin…
Meet Silverfin, a startup focused on accounting software. This isn’t about helping small startups handle accounting tasks themselves. Silverfin wants to build the cloud service for small and big accounting firms — Salesforce, but for accounting. The startup just raised a Series B funding round led by Hg — Index Ventures led the previous Series…
Grimes has announced that her soul is for sale. The price is $10 million, and it’s non-negotiable. It’s part of an art exhibit — but is it really necessary? Grimes is for sale. The singer-songwriter, who is currently most famous for naming her child after a quasi-computer language, is selling a piece of her soul…
For the past two years the founding team of Immunai had been working stealthily to develop a new technology to map the immune system of any patient. Founded by Noam Solomon, a Harvard and MIT-educated postdoctoral researcher, and former Palantir engineer, Luis Voloch, Immunai was born from the two men’s interest in computational biology and…
Saar Gur is adept at identifying the next big consumer trends earlier than most: The San Francisco-based general partner at CRV has led investments into leading consumer internet companies like Niantic, DoorDash, Bird, Dropbox, Patreon, Kapwing and ClassPass. His own experience stuck at home during the COVID-19 pandemic spurred his interest in three new investment…
