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☆ The female 'founder mode' double standard
▼ + stars: | 2024-09-07 | by ( Melia Russell | Ben Bergman | ) www.businessinsider.com time to read: +9 min

From the moment Paul Graham dropped his essay on "founder mode," people online analyzed it like a stone tablet found bearing the new commandment of startupdom. But there's one group that has been privately wrestling with "founder mode" since before it had a meme-able name: female founders. Four female founders told Business Insider that a stark double standard prevents them from operating their startups as their male counterparts do. Bumble founder Whitney Wolfe Herd wrote on Instagram that she was "in founder mode for 10 years and got attacked for it every single day." But unlike female founders, he and Neumann, the WeWork founder, enjoy the luxury of being given second chances by investors.

Persons: Paul Graham, Tobias Lütke, Baron Davis, Jessica Lessin, Tim Cook, Satya Nadella, that's, There's, they'll, Amanda E, J Morrison, Julie Products, Adam Neumann, Sophia Amoruso, it's, Whitney Wolfe Herd, Morrison, We've, they're, Clara Brenner, They're, she's, Julie, Christie Horvath, Wagmo's, Horvath, there's, Anna Barber, Barber, Jenny Fielding, Fielding, Elon, Sara Mauskopf, Slack, Musk, Mauskopf, Neumann, It's, Ty Haney, athleisure —, Haney, Graham's Organizations: Service, Founders, Spotify, Urban Innovation Fund, CVS, M13 Ventures, Ventures, TechCrunch

☆ Dozens of business leaders endorse Kamala Harris for president
▼ + stars: | 2024-09-06 | by ( Liam Reilly | Matt Egan | ) edition.cnn.com time to read: +3 min

CNN —Dozens of business leaders are throwing their weight behind Vice President Kamala Harris, saying she is the stronger candidate for the American economy and the future of democracy. In a three-page letter, a group of 88 business leaders — including high-profile current and former executives from major public companies across tech, media, and finance — emphasized that they believe a Harris administration can better nurture the private sector. The endorsements underscore the support Harris has not only in Silicon Valley, a traditional Democratic stronghold, but in some corners on Wall Street and at some consumer-facing companies. On the campaign trail, Harris has positioned herself as perhaps friendlier to business than President Joe Biden. The letter is a vote of confidence for Harris as she and former President Donald Trump appear neck and neck ahead of the November election.

Persons: Kamala Harris, —, Harris, “, James Murdoch, Mark Cuban, Reid Hoffman, Rupert Murdoch, Michael Lynton, Jeremy Stoppelman, Hoffman, Jeff Lawson, Laurene Powell Jobs, Peter Chernin, Jeffrey Katzenberg, Joe Biden, Trump, Elon Musk, David Sacks, San Francisco, Doug Leone, Joe Lonsdale, Peter Thiel, Donald Trump Organizations: CNN, CNBC, Democratic, Century Fox, Emerson Collective, TCG, Fox, Walt Disney Studios, Trump, San, Republican National Convention, America PAC, Sequoia Capital, Palantir, ABC Locations: Silicon Valley, United States

☆ Eighty-eight corporate leaders endorse Harris in new letter, including CEOs of Yelp, Box
▼ + stars: | 2024-09-06 | by ( Megan Cassella | In | ) www.cnbc.com time to read: +2 min

WASHINGTON — Eighty-eight current and former top executives from across corporate America have endorsed Vice President Kamala Harris for president in a new letter shared exclusively with CNBC. Among the signers are several high-profile CEOs of public companies, including Aaron Levie of Box , Jeremy Stoppelman of Yelp and Michael Lynton, chairman of Snap . Other signers appear to be issuing their first public endorsements of Harris since she became the de facto Democratic nominee in July. They include James Murdoch, former CEO of 21st Century Fox and an heir to the Murdoch family media empire, and crypto executive Chris Larsen, co-founder of the Ripple blockchain platform. Still more are prominent in Silicon Valley, including the venture capitalist Ron Conway, entrepreneur Mark Cuban and former LinkedIn CEO Reid Hoffman.

Persons: WASHINGTON —, Kamala Harris, Aaron Levie, Jeremy Stoppelman, Yelp, Michael Lynton, Harris, James Murdoch, Murdoch, Chris Larsen, Lynn Forester de Rothschild, José E, Feliciano, Twilio, Jeff Lawson, Ted Leonsis, Kleiner Perkins, John Doerr, Deven Parekh, Jeffrey Katzenberg, Wndr, Laurene Powell Jobs, Dustin Moskovitz, Magic Johnson, Tony James, Blackstone, Bruce Heyman, Goldman Sachs, Peter Orszag, Steve Westly, Ron Conway, Mark Cuban, Reid Hoffman Organizations: WASHINGTON, CNBC, Democratic, Century Fox, Washington Wizards, WNBA's Mystics, NHL's Washington Capitals, Walt Disney Studios, Facebook, NBA Hall of Famer, Jefferson, Lazard, Westly, Tesla Locations: America, California, Capital, Silicon Valley

That continues a trend from 2023, when generative AI companies raised $25.9 billion for the full year, up more than 200% from 2022. The average round for AI companies is 140% bigger this year compared with last, the data shows, while for non-AI companies the increase is only 10%. Most venture investors are bullish on the potential for generative AI to eventually create big returns at the application layer. John-David Lovelock, an analyst at Gartner and a 35-year veteran of the IT industry, sees a big opportunity for generative AI in the enterprise. Yet, in 2024, only 1% of the trillion dollars spent on software will be from businesses spending on generative AI products, he said.

Persons: Adam Selipsky, Anthropic, Dario Amodei, Noah Berger, aren't, They're, Melissa Incera, Chip Hazard, PitchBook, that's, Cerebras, hasn't, Jeremiah Owyang, Owyang, That's, —, Cohere, Tobias Lutke, Inovia, JPMorgan Chase, Elon Musk's, what's, NASA's, Joe Raedle, Michael Harris, David Lovelock, Lovelock Organizations: Amazon Web, Getty, Microsoft, Nvidia, Tech, P Global Market Intelligence, CNBC, U.S, Forge, Flybridge Capital Partners, Federal Reserve, Meta, Nasdaq, Benchmark, Foundation Capital, SEC, Blitzscaling Ventures, Menlo Ventures, Inovia, Menlo, SPV, AMD, Oracle, Representatives, JPMorgan, Morgan Private Ventures, Elon Musk's SpaceX, SpaceX, Polaris, NASA's Kennedy Space Center, New York Stock Exchange, NYSE, Astera Labs, Tempus, Google, Facebook, Gartner Locations: Vegas, Las Vegas, PitchBook, Anthropic, Montreal, xAI, Cape Canaveral , Florida

☆ Family offices are about to surpass hedge funds, with $5.4 trillion in assets by 2030
▼ + stars: | 2024-09-05 | by ( Robert Frank | ) www.cnbc.com time to read: +4 min

Family offices are expected to add more than $2 trillion in assets by 2030, as an increase in wealth concentration and a revolution in wealth management drive rapid growth in new family offices. In total, the wealth of families with family offices is expected to top $9.5 trillion in 2030, according to the report — more than doubling over the decade. "It's really the past decade that has seen an acceleration in growth in family offices." The rise of family offices is remaking the wealth management industry and creating a powerful new force in the financial landscape. Family offices are seen as offering more privacy, more customization and more tailored programs for the next generation of the family.

Persons: Robert Frank, Rebecca Gooch, It's, Gooch, incentivized, Eric Johnson Organizations: Deloitte Private, Deloitte, Henley & Partners, Forbes Locations: centimillionaires, North America, Asia, Pacific, North

☆ The weirdest startup in healthcare has a blank check from General Catalyst
▼ + stars: | 2024-09-05 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +17 min

Hemant Taneja, the CEO of top venture firm General Catalyst, cofounded the healthcare startup Commure in 2017, and launched it in 2020. AdvertisementIt's made six acquisitions in four years — a remarkable number for a healthcare startup. He hatched Commure inside General Catalyst in 2017 alongside former leaders from Google, Salesforce, and healthcare data analytics firm Health Catalyst. The Philadelphia-based health system co-created a startup with General Catalyst, patient engagement platform Tendo, in 2020. General Catalyst said HATCo will work closely with its more than 20 health system partners, including HCA Healthcare.

Persons: Hemant Taneja, Catalyst, PitchBook, Commure, It's, Augmedix, He's, Tyler Le, Taneja, Livongo, Teladoc, Glen Tullman, Ashwini Zenooz, CommureOS, Tanay Tandon, Rusty Russell, Strongline, Tandon, didn't, General Catalyst, it's, Axios, he's, HATCo, GABRIELLA AUDI, wasn't, Hemant Organizations: Catalyst, Business, Catalyst's, Google, NASDAQ, Jefferson Health, Healthcare, HCA Healthcare, Athelas, SMP Labs, SMP, Commure, BI, FCC, Labs, Strongline Pro, Strongline, Northern District of, Canopy, General, Health, Healthcare Assurance Transformation Corporation, Summa Health, Olive AI, Augmedix, HCA, Getty, Big Tech, Commure's Locations: Livongo, Philadelphia, Commure, PatientKeeper, Athelas, Strongline, Northern District, Northern District of California, Ohio, Augmedix

☆ Mark Cuban says Harris won't tax unrealized capital gains: 'Not going to happen'
▼ + stars: | 2024-09-05 | by ( Kevin Breuninger | ) www.cnbc.com time to read: +3 min

Billionaire investor Mark Cuban on Thursday insisted that Democratic presidential nominee Kamala Harris would not tax unrealized gains as president. Cuban, who says he speaks with Harris' team frequently, maintained to CNBC that she is not interested in taxing unrealized gains. He cautioned, "I'm not going to speak for the vice president, she makes the final decision." Harris, who took over the Democratic ticket less than four months before Election Day, has not explicitly ditched the plan to tax unrealized gains. Harris, said Cuban, is "starting from the Biden plan as a starting point, but that's not necessarily her ending point."

Persons: Mark Cuban, Kamala Harris, I've, it's, Harris, I'm, Biden, Cuban's, Joe Biden, that's, Donald Trump Organizations: Democratic, CNBC, Republican, Democrat, Biden

☆ Andreessen Horowitz just dealt a blow to tech's move-to-Miami movement
▼ + stars: | 2024-09-04 | by ( Sarah Jackson | ) www.businessinsider.com time to read: +3 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewAndreessen Horowitz has reportedly given up on its Miami office after just two years in the space. "The firm is now virtual, but can materialize physically on command," Horowitz said at the time. Andreessen Horowitz did not immediately respond to Business Insider's request for comment. VC investment in Miami also saw a huge decrease in 2023, dropping 70% to $2 billion, according to the Journal.

Persons: —, Andreessen Horowitz, cofounders, Ben Horowitz, Horowitz, Marc Andreessen, Keith Rabois, Rabois, Florida . Austin, Elon Musk, he'd Organizations: Service, Miami Beach, Bloomberg, Business, Miami, Street Journal, SpaceX Locations: Miami, Miami Beach, Miami Beach , New York City, Santa Monica, Francisco, California, San Francisco, Fort Lauderdale, Florida ., Austin, Texas

☆ Instagram is adding comments to Stories, pulling users out of their DMs and back in front of advertisers
▼ + stars: | 2024-09-03 | by ( Amanda Perelli | Shriya Bhattacharya | ) www.businessinsider.com time to read: +3 min

Read previewA new feature for Instagram's Stories encourages community — the company just doesn't want this activity happening in closed groups away from advertisers. The social-media behemoth is launching a new tool that lets users leave comments under their followers' Stories. Only followers can see these comments, and only the people a user follows back can leave a comment. AdvertisementOne consequence of users spending more time in Instagram DMs is that there are fewer eyeballs for advertisers to target through Meta's powerful marketing platform. If this feature can successfully encourage users to start conversations within a Story instead of in DMs, they'll be more likely to keep swiping through Stories that show ads (a win for Instagram).

Persons: —, Z's, Adam Mosseri, Harry Stebbings, influencer Ariana Nathani, Purohit, I've, I'm, Instagram Organizations: Service, Instagram's, Business Locations: Instagram, DMs

☆ Move over Hinge and Tinder, there's a new crop of dating apps. Meet the founders behind 11 startups sparking romance.
▼ + stars: | 2024-08-26 | by ( Sydney Bradley | Dan Latu | ) www.businessinsider.com time to read: +17 min

AdvertisementJoshi's dating app, Friend of a Friend, has ads plastered around New York City. AdvertisementThe anti-swipersWhen setting out to build a dating app, swiping fatigue was top of mind for Vaish Sesetty and Cyrus Belsoi, the founders of the dating app Pique. AdvertisementLast year, Chernyak followed her frustration out of her legal career and launched the video-profile dating app Fast-Forward Dating App with two cofounders. AdvertisementThe Instagram DMsOne of the biggest dating apps isn't even a dating app — it's Instagram. Fast-Forward Dating App is a video-profile dating app where users answer five questions on camera with no edits or filters.

Persons: —, Forbes, who'd, Serena Kerrigan, Kerrigan, Rex Woodbury, Vaish Sesetty, Cyrus Belsoi, Belsoi, Karima Ben Abdelmalek, France who's, Abdelmalek, they've, Happn, Joe Feminella, Feminella, Hannah, Elle Wilson, Wilson, Danielle Dietzek, Julie Griggs, Fourplay, Nicole Fara Silver, Dietzek, Anushka Joshi, Friend, Joshi, Derek Lee, Lee, Boo, David Chang, Richard Chang, Katya Chernyak, Chernyak, Aeen Avini, Victoria Todis, Bumble, Nandini Mullaji, Mullaji, Chad DePue, who's, Jeremy Liew, Sitch, Alex Weitzman, hasn't, Weitzman, Amori, Tabitha, Ethan, Pique, Lieu Organizations: Service, Match, Business, Bradley, Microsoft, Daybreak Ventures, Amazon Web Services, Manna, New, Lightspeed Locations: New York City, York City, Paris, TikTok, Park, Brooklyn, France, singlehood, Victoria, Chicago, Los Angeles, Phoenix, Sitch

☆ How Trump was 'orange-pilled' by three bitcoiners in Puerto Rico and the promise of $100 million
▼ + stars: | 2024-08-26 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +16 min

Earlier this year, Bailey promised to turn out $100 million and 5 million votes for Trump. Hoyos-López, Bailey's neighbor, had been recently orange-pilled, and was anxious to help out any way she could in getting Trump to Nashville. At the conference, Hoyos-López, Fabiano and Bailey worked to stage a second roundtable with Trump. To Fabiano, Bailey, and Hoyos-López, the stakes couldn't possibly be higher, as Democratic nominee Kamala Harris gains momentum in the polls. Less than a week after leaving Nashville, Fabiano, Hoyos-López and Bailey were back together closer to home to process all that had happened.

Persons: Dolly Parton, Donald Trump, Trump, conferencegoers who'd, Harris, Gary Gensler, CNBC hasn't, Keanu Reeves, Amanda Fabiano, Tracy Hoyos, David Bailey, Bailey, Fabiano, David, I've, Nashville ., Amanda, Hoyos, López, She's, Donald Trump's, Jon Cherry, He'd, Sen, Elizabeth Warren, Michael Saylor, he's, Emily, " Hoyos, Paul Grewal, Cantor Fitzgerald, Howard Lutnick, Rock, Billy Ray Cyrus, bitcoiner Tracy Hoyos, López Trump, Kamala Harris, she's, bitcoiners, Lopez Organizations: Broadway, Music City Center, Republican, Biden, SEC, CNBC, Washington Post, The Washington Post, BTC Inc, Trump, Wall Street, Miners, Lago, Music City, Getty, Riot, Marathon Digital Holdings, Scientific, Solana, Libertarian National Convention, Bitcoin, Mar, Nashville, Bitcoin Conference, Trump White Locations: NASHVILLE, Tenn, —, USA, Nashville, Puerto Rico, Nashville , TN, California, Guaynabo, San Juan, Manhattan, Trump, bitcoin, Egypt, New York, Palm Beach , Florida, Nashville , Tennessee, China, America, San Francisco, López, Japan, Hoyos, U.S, American, Puerto Rican

☆ For young, promising venture capitalists, the path to partner has suddenly become much steeper
▼ + stars: | 2024-08-26 | by ( Melia Russell | Sri Muppidi | ) www.businessinsider.com time to read: +8 min

Let's make a dealThere's no one way to get promoted in venture capital. Amanda "Robby" Robson became a partner at Cowboy Ventures at 29 years old, making her the youngest partner in the firm's history. Network your way to a promotionFundraising for venture firms has become increasingly competitive, with dollars concentrated into fewer legacy funds. Firms might be faster to hire or promote young investors who land deals in the desired category. The next day, the fund promoted him to senior associate and Brenner made it LinkedIn-official.

Persons: —, Dan Miller, Abigail Johnson, Michael Larsen, It's, Clara Brenner, Larsen, Amanda, Robby, Robson, Jill Chase, Chase, Miller, " Miller, Johnson, Jenieri Cyrus, Julie Lein, Brenner, Cyrus Organizations: Service, Business, True, Sapphire Ventures, Cambridge Associates, Urban Innovation Fund, Investors, Google, Cowboy Ventures, TechCrunch, intel, Urban, Northwestern Kellogg, LinkedIn Locations: Northwestern

☆ 2 investment areas in AI that people will be 'very bullish' on in the future, according to a VC
▼ + stars: | 2024-08-26 | by ( Jaures Yip | ) www.businessinsider.com time to read: +4 min

Read previewWith the AI arms race underway and a host of industries investing in the technology, Lux Capital venture capitalist Josh Wolfe identified the areas he's particularly keen on. AI in biology"AI into biology is really interesting because most computer scientists underappreciate how hard biology is," he said. "Biology is really complex — it is not linear, it is not 'programmable biology' the way many people think." AI in roboticsWhile "robots" typically invoke images of futuristic humanoid tech like Elon Musk's Optimus, Wolfe said he thinks "humanoid robots are not going to be the way." Although Wolfe thinks humanoid robots will attract money for their intrigue, he said that robots mimicking human capabilities are "really inferior to what robots can do."

Persons: —, Josh Wolfe, Logan Bartlett, Wolfe, Meta, Nat Friedman, Daniel Gross, ESM3, Elon, Optimus Organizations: Service, Lux Capital, Business, Meta, Amazon Web Services, AWS

☆ VCs are fighting, investors are annoyed, and the presidential election has become a constant distraction that Silicon Valley just wants to be over
▼ + stars: | 2024-08-24 | by ( Ben Bergman | Melia Russell | ) www.businessinsider.com time to read: +6 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. She didn't sign, not because she doesn't support Harris (she does) but because she sees no upside in broadcasting her political intentions. The former president has also received endorsements from famous VCs Marc Andreessen, Ben Horowitz, Doug Leone, and David Sacks. Now, executives are waiting until after the election concludes to make any decision, according to a source familiar with the matter. Publicly supporting candidates has no upside for LPs, especially considering many LPs have their own agendas, added a VC.

Persons: —, Kamala, Kamala Harris, Harris, We're, Joe Biden, David Hornik, Israel —, There's, Leslie Feinzaig, VCs, Elon Musk, Trump, Marc Andreessen, Ben Horowitz, Doug Leone, David Sacks, Reid Hoffman, Reed Hastings, Ron Conway, Graham, Walker, MAGA, they're, Divya Kakkad, Sacks, Jesse Middleton, Middleton, Cameron Lester, Lester, tradespeople, ServiceTitan, I've Organizations: Service, Business, San Francisco, Lobby Capital, August, Republicans, Israel, Netflix, Graham, Craft Ventures, Jefferies, Publicly Locations: San, Silicon Valley, Los Angeles, Bay, New York

☆ I lived in Silicon Valley, New York, and London as a founder. If you're looking for a place to build a business, there's one clear winner.
▼ + stars: | 2024-08-23 | by ( Charissa Cheong | ) www.businessinsider.com time to read: +7 min

I've lived in the Bay Area, New York, and the UK while building and scaling Zyper. But if you want to be laser-focused without distractions, you can't beat the Bay Area. Particularly in the Valley, there's a propensity for very quickly backing "zero-to-one ideas" and creating something entirely new. Silicon Valley is special, and I plan to stayI moved Zyper to San Francisco right before the pandemic hit. AdvertisementThere are other emerging markets, like Korea, Brazil, and China, but I think there's something very special about the ecosystem and history of Silicon Valley.

Persons: —, Amber Atherton, I've, Zyper, Y Combinator, Y, it's, Michael Seibel, Everyone's, London's, There's, overregulate Organizations: Service, Business, Patron, Nvidia Locations: San Francisco, London, New York, Palo Alto, Bay, California, Zyper, Mountain View, Hong Kong, England, American, Delaware, . New York, York, Europe, Silicon Valley, Miami, Austin, Silicon, Korea, Brazil, China

☆ Wyoming is pushing crypto payments and trying to beat the Fed to a digital dollar
▼ + stars: | 2024-08-23 | by ( Tanaya Macheel | ) www.cnbc.com time to read: +5 min

As crypto investing becomes more mainstream and institutionalized with bitcoin ETFs, Wyoming is already pushing into the next phase of growth for crypto: consumer payments. The visionWyoming is currently vetting potential partners and vendors with more tech expertise to help build the stable token. From there, it should be just another payment method for everyday things, said Flavia Naves, a commissioner at the Wyoming Stable Token Commission. "This is a public token as well so as with any public service, all the information is available." The commission invites the public virtually to its meetings on the stable token and posts the minutes to its website afterward.

Persons: Long, Gordon, Washington's, Mark Gordon, it's, Flavia, we've Organizations: CNBC, treasuries, Treasurys, State, U.S ., Treasury, Federal Reserve, Atlantic Council Locations: United States, Wyoming, Jackson, Jackson , Wyoming, Solana

☆ AI valuations are starting to decline, says venture capitalist Bradley Tusk
▼ + stars: | 2024-08-23 | 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 EmailAI valuations are starting to decline, says venture capitalist Bradley TuskBradley Tusk, Tusk Venture Partners, joins 'Fast Money' to talk the week ahead for tech earnings.

Persons: Bradley Tusk Bradley Tusk Organizations: Tusk Venture Partners

☆ Top VC explains why he thinks the sky-high valuations of AI companies aren't justified, predicts 'a lot of destruction'
▼ + stars: | 2024-08-23 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

Josh Wolfe of Lux Capital questions the long-term value of artificial intelligence investments. Wolfe highlights a gap between AI companies' revenue and the economic value needed for returns. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Lux Capital venture capitalist Josh Wolfe appeared on "The Logan Bartlett Show" to talk about investing and the future of AI.

Persons: Josh Wolfe, Wolfe, —, Logan Bartlett Organizations: Lux Capital, Service, Big Tech, Business

☆ Bronfman's Paramount bid could keep Shari Redstone involved at the company
▼ + stars: | 2024-08-23 | by ( Alex Sherman | ) www.cnbc.com time to read: +3 min

Edgar Bronfman Jr.'s offer for a controlling stake in Paramount Global could keep Shari Redstone close to the company, if his bid is successful. Both Bronfman's bid and Skydance's bid would also include money to buy out a percentage of Paramount Global common shareholders. At $6 billion, Bronfman's bid would give cash to about 20% of Class B holders at $16 per share. The Paramount Global special committee will determine if Bronfman's offer is a superior proposal for shareholders by Aug. 28. Spokespeople for Redstone, Bronfman, the Paramount Global special committee and Skydance all declined to comment.

Persons: Edgar Bronfman Jr, Shari Redstone, Bronfman, Sumner Redstone, Bronfman's, Skydance, Jon Miller, Skydance . Miller, —, Jason Ostheimer, Miller, Shari Redstone haven't, David Ellison Organizations: Paramount Global, Paramount, National Amusements, Skydance Media, Skydance, Redstone, Bronfman Locations: Bronfman, Miller, Redstone

☆ Mike Lynch, man once dubbed 'Britain's Bill Gates,' dies at age 59
▼ + stars: | 2024-08-22 | by ( Ryan Browne | ) www.cnbc.com time to read: +9 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Dominic Lipinski | PA Images | Getty ImagesDuring the course of the trial, Lynch took the stand in his own defense. He became a key voice supporting the U.K. technology industry, backing key names like cybersecurity firm Darktrace and legal tech firm Luminance. Mike Lynch, founder of software firm Autonomy, at the company's headquarters in, Cambridge, U.K., Aug. 24, 2000. Bryn Colton | Hulton Archive | Getty Images"I keep rare breeds," Lynch told LeadersIn in a 2016 interview.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch, —, Angela Bacares —, Bacares, Hannah, Bill Gates, Graham Barclay, David Tabizel, Richard Gaunt, Thomas Bayes, Dominic Lipinski, Autonomy's, Stephen Chamberlain, Sushovan Hussain, Hussain, Thoma, Bryn, LeadersIn Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, CNBC, Sky News, Bancroft's, British Industry, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, HP, U.S, Packard, Prosecutors, Capital Management, Thoma Bravo, BBC, Council for Science, Technology, Forbes, East Anglian Times, The Times Locations: Sicily, U.S, Porticello, Palermo, Italy, Ilford, East London, Chelmsford, English, Essex, Woodford Green, London, Cambridge, Britain, Suffolk, Bryn Colton, England

☆ Startup using blockchain to prevent copyright theft by AI is valued over $2 billion after fresh funding
▼ + stars: | 2024-08-21 | by ( Ryan Browne | ) www.cnbc.com time to read: +5 min

Generative AI models require huge amounts of training data to enable their systems to produce advanced outputs. But the data that goes into them is often from sources where copyright restrictions are in place. The round values the two-year-old company at $2.25 billion, sources familiar with the matter told CNBC. Fighting AI copyright theftStory is now trying to tackle a timely problem with its tech — theft of copyrighted media on the internet by powerful generative AI models like OpenAI's ChatGPT. But the data that goes into fueling these AI models is often from sources where there's copyright restrictions in place.

Persons: Story, Andreessen Horowitz, Polychain, Smart, Story's, Lee, it's, Dolce Organizations: Getty, San, CNBC, Balmain, Gabbana, Brands, New York Times, Microsoft, Times, Big Locations: Francisco

☆ Ex-Google staffers are building a social-mapping platform for online and IRL communities
▼ + stars: | 2024-08-21 | by ( Sydney Bradley | ) www.businessinsider.com time to read: +6 min

"We essentially see ourselves as a Google Maps for communities," PamPam cofounder Helena Jaramillo told Business Insider. The platform draws its data from Mapbox and Google Places. "We used all these apps obviously to do that, Google Maps or getting lists or recommendations from friends, but it just never really felt right." The team behind Zenly, which Snapchat acquired and morphed into its Snap Map feature, is building another new social map app called "Bump." AdvertisementPamPam sees its creators as "community creators," Jaramillo explained.

Persons: —, PamPam, Helena Jaramillo, Jaramillo, Carlo Jörges, Jörges, We've, What's, Snapchat, Raya, monetization Organizations: Service, Google, Business, Big Tech, Facebook, YouTube Locations: New York City, Philadelphia, Mapbox, doesn't

☆ 'Britain's Bill Gates': Who is Mike Lynch, the UK tech entrepreneur missing after superyacht sinks?
▼ + stars: | 2024-08-20 | by ( Ryan Browne | ) www.cnbc.com time to read: +7 min

Mike Lynch, 59, is the founder of enterprise software firm Autonomy. Lynch, 59, is the founder of enterprise software firm Autonomy. During the trial, Lynch took the stand in his own defense, denying wrongdoing and telling jurors that HP botched Autonomy's integration. "I keep rare breeds," Lynch told LeadersIn during an interview. Weeks before he was reported missing, Lynch told The Times newspaper of how he feared dying in prison if found guilty over the HP allegations.

Persons: Mike Lynch, Hewlett Packard, Chris Ratcliffe, Lynch —, Bill Gates, —, Lynch's, Angela Bacares, Hannah —, Morgan, Jonathan Bloomer, Judy, Clifford Chance, Chris Morvillo, Neda, Stephen Chamberlain, Chamberlain's, Lynch, Autonomy's, Chamberlain, Sushovan Hussain, Hussain, David Tabizel, Richard Gaunt, Thoma, LeadersIn, Weeks Organizations: Autonomy, Hewlett, Bloomberg, Getty, LONDON, U.K, Morgan Stanley, Reuters, HP, U.S, Prosecutors, University of Cambridge, Lynett Systems, Cambridge, South Yorkshire Police, Cambridge Neurodynamics, BBC, Council for Science, Technology, Capital Management, Thoma Bravo, Forbes, East Anglian Times, The Times Locations: Sicily, Porticello, Palermo, Italy, Cambridgeshire, England, Britain, U.S, Ilford, East London, Chelmsford, English, Essex, U.K, British, Suffolk

☆ I'm a VC in the world's fastest-growing major economy. I look for 5 traits in first-time founders.
▼ + stars: | 2024-08-20 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +6 min

Read previewThis as-told-to essay is based on a conversation with Rajiv Srivatsa, a partner at Antler India, a pre-seed venture capital firm based in Bengaluru. I'm a partner at Antler India, an early-stage venture capital fund. The classic Antler model includes running a cohort of individuals who are transitioning from being employees to startup founders. Ambition and scale: The venture capital industry does not work if you want small outcomes. We look for complements and see pair-ups between one person with a technical background and one person with business acumen.

Persons: —, Rajiv Srivatsa, I've, They're, it's, they've Organizations: Service, Business Locations: India, Bengaluru

☆ Adam Neumann's new startup Flow faces trouble in Nashville
▼ + stars: | 2024-08-20 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +10 min

Read previewAdam Neuman's post-WeWork venture Flow was launched with a $350 million check and stakes in six buildings. Now, one of those buildings is struggling, and equity investors risk being wiped out. Crowdfunding platform Yieldstreet, which has helped raise money for the property, recently told its equity investors that their investments could be wiped out. Flow launched in 2022 with investments in six apartment buildings, including the now-troubled Nashville property, and a $350 million check from venture firm Andreessen Horowitz. A Flow spokesperson sought to distance the Miami-based startup from the 2010 West End property, saying that Flow has never managed the building and is only the minority equity owner.

Persons: —, Adam Neuman's, Andreessen Horowitz, Neumann, WeWork, Neumann's, Yieldstreet, Nazare, Adam Neumann, They're, they're Organizations: Service, Business, Nazare, Yieldstreet, BI, SEC Locations: Nashville, Miami, Denver, Fort Lauderdale

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