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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWinner of AI race depends on consumer distribution, says Slow Venture's Sam LessinSam Lessin, Slow Ventures co-founder, and CNBC's Deirdre Bosa join 'The Exchange' to share outlooks on the AI arms race, expectations for Open AI's search engine, and more.
Persons: Sam Lessin Sam Lessin, CNBC's Deirdre Bosa Organizations: Slow Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailApple shows they are 'tone deaf' with the iPad ad, says Slow Venture's Sam LessinSam Lessin, Slow Ventures co-founder, joins CNBC's 'The Exchange' to share his reaction to Apple's controversial iPad ad, the thinking behind the company's marketing, and more.
Persons: Sam Lessin Sam Lessin Organizations: Apple, Slow Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTikTok is a national security risk that needs to be banned, says Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, joins 'The Exchange' to discuss Reddit IPO, his reaction to a proposed TikTok ban heading to the Senate, and more.
Persons: Sam Lessin Sam Lessin Organizations: Ventures, Slow Ventures, Senate
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTech companies were 'hoarding the talent,' says Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, joins 'The Exchange' to discuss the acceleration of tech layoffs, the timeline of AI taking jobs, and more.
Persons: Sam Lessin Sam Lessin Organizations: Email Tech, Ventures, Slow Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInvestors should sell Tesla stock if they don't like Musk's comments, says Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, and Brian Stelter, author of “Network of Lies”, join 'The Exchange' to discuss IBM pulling advertising from X, backlash toward Elon Musk, the impact on Tesla stock and more.
Persons: Sam Lessin Sam Lessin, Brian Stelter, Elon Musk Organizations: Ventures, Slow Ventures, “ Network, IBM
Watch CNBC's full interview with Sam Lessin and Brian Stelter
  + stars: | 2023-11-17 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Sam Lessin and Brian StelterSam Lessin, Slow Ventures co-founder, and Brian Stelter, author of "Network of Lies", join 'The Exchange' to discuss IBM pulling advertising from X, backlash toward Elon Musk, the impact on Tesla stock and more.
Persons: Sam Lessin, Brian Stelter Sam Lessin, Brian Stelter, Elon Musk Organizations: Slow Ventures, IBM
Weak companies are going public: Slow Ventures' Sam Lessin
  + stars: | 2023-10-02 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWeak companies are going public: Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, joins 'The Exchange' to discuss late-stage capital funds competing with the public market, lack of investor trust in the IPO market, and a splintering in the markets trending towards venture capital.
Persons: Sam Lessin Sam Lessin Organizations: Ventures, Slow Ventures
Instacart begins trading: What investors need to know
  + stars: | 2023-09-19 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailInstacart begins trading: What investors need to knowSam Lessin, Slow Ventures co-founder, Dan Primack, business editor at Axios, joins 'The Exchange' to discuss Instacart as the company started trading on Tuesday, why advertising business matters to the grocery-delivery company, and more.
Persons: Sam Lessin, Dan Primack Organizations: Slow Ventures
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch Slow Ventures’ Sam Lessin and Axios’ Dan Primack discuss InstacartSam Lessin, Slow Ventures co-founder, Dan Primack, business editor at Axios, joins 'The Exchange' to discuss Instacart as the company started trading on Tuesday, why advertising business matters to the grocery-delivery company, and more.
Persons: Sam Lessin, Dan Primack Organizations: Ventures, Slow Ventures
Recruitbot is a startup that uses AI to analyze and match potential job candidates to open roles. The team has just raised $8.2 million in new seed funding led by Slow Ventures. Some of the features include using AI for automating the search for qualified candidates by scraping data from LinkedIn and with other talent databases. The team got in touch with Sam Lessin, the general partner at Slow Ventures, after many of Lessin's portfolio companies started using RecruitBot for their hiring. Check out the 19-slide pitch deck that Recruitbot used to raise $8.2 million in seed funding: Note: certain proprietary information has been redacted.)
Persons: Jeremy Schiff, Schiff, Recruitbot, Kevin Mahaffey, Sam Lessin Organizations: Slow Ventures, OCA, Freestyle Capital, Parade Ventures Locations: OpenTable
Investors poured more than $40 billion into AI startups in the past six months, the data showed. That includes a $10 billion investment by Microsoft (MSFT.O) in OpenAI and $1.3 billion in funding for rival Inflection AI. "I haven't written any checks in the past 18 months," said Kevin Colleran, a co-founder at early-stage firm Slow Ventures. PitchBook said large investors weren't actively participating in venture funding and outsized deals that had pushed deal values to records were no longer happening. Venture capital funding globally hit an annual record of $745.1 billion in 2021.
Persons: PitchBook, OpenAI's ChatGPT, Kevin Colleran, weren't, Mary D'Onofrio, Krystal Hu, Edwina Gibbs Organizations: Venture, Investors, Microsoft, Slow Ventures, Bessemer Venture Partners, Thomson Locations: OpenAI, America, U.S, Europe, New York
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe startup world isn't going to benefit from A.I. like big tech, says Slow Ventures' Sam LessinSam Lessin, Slow Ventures co-founder, joins 'Closing Bell: Overtime' to discuss Meta's Twitter competitor and the headset wars.
Persons: Sam Lessin Sam Lessin Organizations: Ventures, Slow Ventures, Twitter
The pair chose to reinvest their earnings, and lessons from their experiences, in burgeoning creators through an accelerator fund. "The right creators are good and investments," said McLaughlin, who is co-CEO of Mythical Entertainment. They both have a vision to grow their business and to lead their business," McLaughlin said. VC firm Slow Ventures has also launched a creator fund and has taken a keen interest in the business of those in the creator economy. Providing creators like Mogilko with capital gives them the ability to grow quickly at a time when they can leverage their existing social media virality.
As the creator economy matures, some startups are setting aside capital to invest directly in individual stars and their content. "No niche is too niche, if you will, and we continue to be surprised by that," said Megan Lightcap, principal at Slow Ventures. One of Slow Ventures' deals is with YouTuber Marina Mogilko, who runs a language learning channel. To help creators better understand who is investing and what those deals look like, Insider compiled a list of six companies investing directly into influencers and their businesses. Here are six leading companies investing capital in creators:
As the creator economy matures, some startups are setting aside capital to invest directly in individual stars and their content. "No niche is too niche, if you will, and we continue to be surprised by that," said Megan Lightcap, principal at Slow Ventures. One of Slow Ventures' deals is with YouTuber Marina Mogilko, who runs a language learning channel. To help creators better understand who is investing and what those deals look like, Insider compiled a list of six companies investing directly into influencers and their businesses. Here are six leading companies investing capital in creators:
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailComprehensive policy is needed on A.I. collaboration and competition, says Slow Ventures's Sam LessinSam Lessin, Slow Ventures partner, joins 'TechCheck' to discuss the tech landscape following SVB's collapse, the disconnect between public and private tech stocks, and U.S. lawmakers meeting with tech leaders for discussions on China.
Silicon Valley Bank's collapse has left hundreds of startups facing a cash crunch and payroll crisis. It leaves hundreds of startups that deposited their cash with the bank in turmoil, as they try to continue operating while millions in funds are locked up. Startups scramble for cashThe need for startups to make payroll is one being echoed across the VC ecosystem. In a tweet, founder Nikita Bier said: "The number of growth stage companies that had their cash at SVB is huge. Even startups that didn't bank directly with SVB have been hit by its collapse.
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEvery venture capitalist's cell phone is getting blown up by CEOs asking for advice, says Slow Ventures' LessinSam Lessin, Slow Ventures partner, joins 'The Exchange' to discuss his reaction to news of Silicon Valley Bank's closure.
Silicon Valley Bank was shut down by regulators on Friday. The news has made startup founders worried that they won't be able to pay their employees next week. Startup founders still reeling from Silicon Valley Bank's implosion have something new to stress about: whether they'll be able to access enough money to cut employee paychecks next week. "Lots of startups are missing payroll in 2-4 weeks if a) Silicon Valley Bank doesn't have the deposits b) SVB doesn't get sold or c) SVB isn't rescued." "If you're a startup founder dealing with this, I'm here to help any way I can," Ayush Sharma, founder and CEO of payroll and compliance startup Warp, tweeted.
Her financial aid startup, Frank, was featured in the New York Times, CNBC and Wall Street Journal. After leaving the University of Pennsylvania's Wharton business school, Javice traded on her reputation, bolstered by glowing profiles, as a successful entrepreneur. In a 2018 interview with Insider, Javice claimed Frank secured an average of $28,000 for its users, and was helping students get "thousands off their tuition." "Charlie's first company fizzled after 18 months, so after losing all her investors' money, she convinced every one of them to fund her next company, Frank." At Frank, Javice admitted she sometimes painted a more positive picture of the company's health than was supported by the facts.
Investors at JetBlue Ventures, Mighty Capital, and other VC firms shared their favorite podcasts. Another recommendation is "Origins" by partners at the biotech VC firm Notation Capital. Here are 11 great options, recommended by VCs, founders, CEOs, and other industry insiders. "The main thing about the VC world is building relationships, and Harry is an example of a great networker," Gershfeld said. "BTC is the single-most important asset in the world, and that podcast gets to the heart of why that is."
Payments investments reached $3.9 billion in Q3 2022, a well-performing area despite VC pullback. VCs plan to continue to focus on the payments space as it gets more embedded in other industries. Here are 11 of the top investors in the space searching for the next fintech darling. Insider compiled a list of the top VCs investing in the space based on submissions from VC firms and data on their investing histories. Here are the 11 VCs who are bullish around payments and why they think it's going to gain traction soon, listed alphabetically:
It just completed a $18 million fundraising round at a $300 million valuation. Here's the pitch deck it used to woo investors at a tricky moment for the creator industry. The company announced on Tuesday that it raised $18 million in a fundraising round that valued the company at $300 million, adding to last year's $10 million Series A round. The company plans to spend its new cash pile on engineering resources, product development, and growing its sales operation, Mason said. Pearpop shared with Insider the 19-page pitch deck it used to raise its $18 million round.
It just completed a $18 million fundraising round at a $300 million valuation. Here's the pitch deck it used to woo investors at a tricky moment for the creator industry. The company announced on Tuesday that it raised $18 million in a fundraising round that valued the company at $300 million, adding to last year's $10 million Series A round. The company plans to spend its new cash pile on engineering resources, product development, and growing its sales operation, Mason said. Pearpop shared with Insider the 19-page pitch deck it used to raise its $18 million round.
Payment startup Creative Juice invests directly in YouTubers in exchange for a cut of their ad revenue. Some YouTube creators are ditching traditional banks and turning to creator economy startups for capital. Rather than getting a loan from his local bank, he turned to creator economy startup Creative Juice. She told Insider that receiving investment from Creative Juice allowed her to make that jump and establish industry relationships. Creative Juice picks which influencers to work with based on a list of metrics, including historical and estimated future revenue, engagement, and views per video.
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