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☆ The Juggernaut promised to revolutionize South Asian news. But insiders say the company's founder misled investors, struggled to raise money, and left workers 'heartbroken.'
▼ + stars: | 2024-03-05 | by ( Katie Warren | ) www.businessinsider.com time to read: +33 min

They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."

Persons: —, Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon

☆ Shopify's former head of its app ecosystem business is launching an AI imaging tool for online sellers
▼ + stars: | 2023-10-24 | by ( Madeline Stone | ) www.businessinsider.com time to read: +5 min

She ended up starting two businesses, one of which is ImagineCreate AI, an AI imaging tool that officially launches Tuesday with an undisclosed amount of pre-seed funding from Precursor Ventures. ImagineCreate AI was directly inspired by a brand Yusuf started shortly after leaving Shopify. ImagineCreate AI is launching as a web app that can be integrated into Shopify merchants' admin. Before-and-after images show how ImagineCreate AI generates custom backgrounds. Launching ImagineCreate AI on the Shopify App Store brings Yusuf's entrepreneurial journey full circle.

Persons: Fatima Yusuf, Yusuf, ChatGPT, Shopify, Madeline Stone Organizations: Precursor Ventures Locations: Shopify, mstone@insider.com

☆ A VC shares his predictions for creator startups raising money in 2024 and how first-time founders of color can make inroads
▼ + stars: | 2023-10-12 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +5 min

He started the firm after spending five years at Uncork Capital, where he realized he felt most energized working with first-time founders. Half of the firm's investments are focused on the creator economy because he's loved learning about the innovative ways entrepreneurs were addressing issues for creators. He didn't spotlight specific areas within the creator economy that are at risk of collapse or consolidation. Usually, the founders he's already invested in connect him with other BIPOC entrepreneurs, which is how he's earned his reputation as a go-to VC. Even if they don't know the person that well, Hudson has had founders reach out and introduce him to others.

Persons: Charles Hudson didn't, he's, Natalie Barbu, Hype's Nick Chen, we've, Hudson, that's Organizations: Precursor Ventures, Uncork Locations: Hudson, San Francisco

☆ Read the pitch deck Glystn, which helps creators simplify community management with AI, used to raise $4 million
▼ + stars: | 2023-06-20 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

Glystn, an AI-driven community management tool for creators and businesses, is launching publicly. Glystn, an AI-driven platform that aims to facilitate community management and engagement for creators across social-media platforms, is launching publicly. "Creators now have an array of publishing platforms, monetization platforms, and community platforms," Fassett said. By aggregating data from different platforms, Glystn allows creators to analyze information and trends from their audience in one place. We want to see creator communities that are large, vibrant, and for creators to really grow using the tool."

Persons: Hannah Grey, Cofounders Ethan Fassett, Michael Rowehl, Fassett, Glystn, Steve Mould, AJ Rafael Organizations: Eniac Ventures, Precursor Ventures, Perfect Ventures, YouTube, Media, Fox Sports

☆ The pitch deck AI-driven community management tool Glystn used to raise $4 million
▼ + stars: | 2023-06-15 | by ( Marta Biino | ) www.businessinsider.com time to read: +3 min

☆ Creator startup Pico has rebranded as Hype and closed $10M in Series A funding. Here's the 13-page pitch deck cofounder Nick Chen used to attract investors.
▼ + stars: | 2023-04-05 | by ( Shriya Bhattacharya | ) www.businessinsider.com time to read: +2 min

Cofounder Nick Chen said VCs told him to make the first few pitch deck slides very objective. Here's the exact 13-page pitch deck he created to attract investors like Bloomberg Beta. Creator startup Hype, formerly known as Pico, closed a $10 million Series A funding round led by King River Capital, the company announced on Wednesday. "I stayed in touch with Megan [Guy] from King River Capital for about a year, meeting up whenever she was in New York. Here's the exact 13-page pitch deck that Hype used to raise funds from investors that include Bullpen Capital, Precursor Ventures, Bloomberg Beta, Tapestry VC, and Sterling Road:

☆ The female venture capitalist creating billions in a new world of work beyond the office
▼ + stars: | 2022-10-15 | by ( Rebecca Fannin | ) www.cnbc.com time to read: +11 min

Worklife Ventures holds weekly meetings for its portfolio company founders to seek advice from successful Silicon Valley operators. You have to have an eye out for people and for new tools," Kimmel said. Worklife Ventures is betting on good returns from its 50 investments in startups, and with nine of them as unicorns, the stakes are high. With venture funds typically having a 10-year life cycle before investment returns are tallied, Worklife Ventures still has a ways to go. Join us October 25 - 26, 2022 for the CNBC Work Summit — Dislocation, Negotiation, and Determination: The World of Work Right Now.

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