The decentralization of startup building

July 16, 2017

Sam Cash is a vice president at Betaworks. Building and investing in startups is rapidly proliferating to the many, instead of remaining the preserve of the few. The old paradigm of physical centralization Silicon Valley is the innovation bellwether of our time. The concentration of talent and capitalas well as a culture typified by speed and boldnesshas created trillions of dollars of shareholder value and pushed the envelope of innovation….

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Pendo closes $25M Series C from Meritech to scale its customer understanding platform

July 14, 2017

Just seven several months after announcing a $20 million Series B, Pendo, a platform to help businesses better understand their patrons, has closed a new $25 million Series C led by Meritech Capital Partners. The North Carolina-based startup has been growing at a speedy time ballooning to 106 hires across offices in San Francisco, New York and Raleigh. Meritechs Rob Ward will be joining the Pendo board of directors to…

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Jefferies gives IBM Watson a Wall Street reality check

July 14, 2017

IBMs Watson unit is receiving heat today in the form of a scathing equity research report from JefferiesJames Kisner. The group believes that IBMs investment into Watson will struggle to return value to shareholders. In recent years, IBM has increasingly leaned on Watson as one of its core growth units a unit that sits as a proxy for projecting IBMs future value. In the early days, IBMs competitive advantage was…

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Here are the winners of the Google Cloud machine learning pitch-off

July 14, 2017

Back in March at Googles Cloud Next conference, the company announced plans to run its own machine learning startup competition side-by-side with Data Collective and Emergence Capital. Four months later, 10 startups, pulled from a pool of 350+ applicants, presented onstage at Googles Launchpad Space in San Francisco. The startups vied for three prizes a choice each from DCVC and Emergence, as well as a Built with Google award for…

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Toyota launches venture capital fund targeting artificial intelligence startups

July 12, 2017

Toyota is the latest Fortune 500 company to launch an AI focused venture capital fund. The initial early-stage fund will deploy $100 million and operate as a subsidiary of theToyota Research Institute.The automaker has strategically positioned itself as an ROI rather than strategic-focused fund meaning that it aims to profit like any other VC firm. Jim Adler will serve as managing director of the fund. He has been serving as…

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McClure steps back at 500 Startups after internal sexual misconduct investigation

July 1, 2017

Dave McClure, the founder and public face of 500 Startups one of the most prolific and best-known accelerator programs for early stage companies has stepped away from managing the firm he set up (and largely built in his own image). McClure is the latest venture capitalist to be ensnared in the industrys investigations into alleged sexual misconduct by investors with women that they were supposed to be mentoring or backing…

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Google.org, BlackRock and others commit $2.2 million to Fast Forwards nonprofit tech accelerator

July 1, 2017

As impact investing gains traction in the market, a new accelerator for tech nonprofits calledFast Forwardhas raised $2.2 million in philanthropic funding from the nonprofit arms of some of the worlds largest companies and financial services firms. BlackRock, Google.org, Comcast NBCUniversal, and AT&T joined Zendesk, Twilio.org, Hewlett Packard Enterprise, the Nasiri and Rita Allen Foundations and the Omidyar Network in the financing. The not-for-profit accelerator said that the funds would…

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As the LA venture market booms, Upfront closes its sixth fund with $400 million

June 30, 2017

Los Angeles is the third largest market for venture capital investment in the United States with $4.2 billion invested in the last year alone, and its perhaps the market where capital commitments are increasing at the fastest pace. With the public offering of Snap, and the billion dollar exits for both Dollar Shave Club and Qlogic, the city has also proven to be a place where investors are posting real…

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Founders Corner: Wealthfronts Andy Rachleff on growing a business

June 23, 2017

Shripriya Mahesh is a partner at Omidyar Network. Rob Veres is a partner at Omidyar Network. Omidyar Networks Emerging Tech team has launched the second season of its podcast,Founders Corner, with lessons from todays premier founders and CEOs. We will be speaking with some of the top executives in tech. This season features investor and entrepreneur Reid Hoffman; Yancey Strickler, CEO and co-founder of Kickstarter; Gina Bianchini, CEO and founder…

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SoftBanks massive Vision Fund raises $93 billion in its first close

May 21, 2017

SoftBanks huge $100 billioninvestment fund the most significant tech money in history Apple, Qualcomm, UAE-basedMubadala Investment Company, Saudi Arabias PID populace money, Foxconn, and Foxconn-owned Sharp. The schedule is for the fund to reach its $100 billion target within the next six months through commitments from other investors. The fund is committing to a minimum of $100 million transaction checks, with a focus on both minority and majority are dealing…

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