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Industry Ventures, with stakes in more than 600 venture firms, just raised $1.7B to snap up more stakes — and companies

  • Posted on September 27, 2023

Industry Ventures, with stakes in more than 600 venture firms, just raised $1.7B to snap up more stakes — and companies

Industry Ventures prides itself on trying to zig when others zag. When the outfit was first founded in San Francisco in 2000, the startup market was red hot, and its first product — a secondary fund — was a

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  • Posted on September 27, 2023

Lucid opens EV factory in Saudi Arabia, home of its largest shareholder

Luxury EV maker Lucid Group has opened its first international factory in Saudi Arabia, the home of its largest shareholder. The factory, located in Jeddah, will have initial capacity to assemble 5,000 Lucid

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  • Posted on September 27, 2023

Ex-Microsoft exec Panos Panay will head Amazon’s Devices business

Microsoft alum Panos Panay has been tapped to lead Amazon’s Devices & Services (D&S) business, the e-commerce giant confirmed today. Panay was previously with Microsoft for over 19 years, most recently

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  • Posted on September 27, 2023

All venture funds use the ‘2 and 20’ fee structure, right? Not really

Typically, a VC fund’s management fee is 2% of AUM, but new data from Carta shows that the 2% figure isn’t as universal as you might think.

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  • Posted on September 27, 2023

Was tech’s ‘bull run’ simply a temporary surge?

Several factors converged to help Instacart, Arm and Klaviyo to go public, but those trends have largely reversed — we may not see more IPOs for some time.

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  • Posted on September 27, 2023

Russian zero-day seller offers $20M for hacking Android and iPhones

A company that acquires and sells zero-day exploits — flaws in software that are unknown to the affected developer — is now offering to pay researchers $20 million for hacking tools that would allow its customers to

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  • Posted on September 27, 2023

OpenAI is reportedly in talks with Jony Ive about a hardware project

OpenAI, not content with building large language models and art-generating AI, wants to get into hardware. That’s according The Information, which reported this week that storied former Apple product designer Jony

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  • Posted on September 27, 2023

The Dungeons & Dragons DLC for Minecraft includes dice rolls, magic missiles and more

Minecraft just dropped its newest DLC for Dungeons & Dragons (D&D) players to enjoy. In partnership with D&D publisher Wizards of the Coast and Everbloom Games, the DLC takes players on an adventure into

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  • Posted on September 27, 2023

Sam Altman backs Slope’s $30M round to digitize, scale B2B payments

Slope’s customer pipeline has evolved into mainly enterprise. As a result, both volume and company revenue have increased 17x since last year.

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  • Posted on September 27, 2023

Off-price fashion shopping app Yaysay gives users 30 minutes per day to shop

Yaysay, an AI-powered shopping app, launched in beta today to gamify off-price shopping and bring the experience to mobile. Created by Casper co-founder Philip Krim, Yaysay combines concepts from social media, video

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