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☆ 17 creator-economy startups that raised big funding rounds this year, as investors chased AI and other buzzy areas
  + stars: | 2024-12-13 | by ( Sydney Bradley | Dan Whateley | ) www.businessinsider.com   time to read: +8 min
AdvertisementIn 2024, 17 creator startups raised at least $10 million in new funding, totaling over $900 million. AdvertisementStartups that offer automated dubbing, AI editing, or generative AI features — such as Captions, ElevenLabs, and OpusClip — all raised hefty rounds this year. Here are 17 of those companies, listed in alphabetical order:AdvertisementAgentio, an ad platform streamlining creator-brand marketing on YouTube, raised a $12 million Series A. Influur, an influencer-marketing platform, closed a $10 million Series A in November, led by Point72 and HTwenty Capital. ShopMy, an affiliate and influencer-marketing company, raised an $18.5 million add-on to its Series A in March, closing the round at $26.5 million.
Persons: Ollie Forsyth, Levanta, Forsyth, Substack, Kleiner Perkins, cofounders Steven Galanis, Devon Townsend, Martin Blencowe, Jared Leto, A16z, Nat Friedman, Daniel Gross, Flip, Point72, Grant, Alexandra Botez, Emma Grede, Michael Ovitz, Lucy Guo, OnlyFans, Jon Oringer, Sean Rad, Slushy Organizations: Investor, YouTube, Benchmark, Craft, Lightspeed Venture Partners, New Enterprise Associates, Sapphire Ventures, Valor Siren Ventures, Endeavor Catalyst, Business, Index Ventures, Sequoia Capital, Adobe Ventures, HubSpot Ventures, Smash, SV Angel, HTwenty, Millennium, Horizons, Ventures, Samsung, Crossbeam Venture Partners, Mosaic Ventures, Sierra Ventures, RTP Global, Mayfield Fund, Revolution Ventures, Prime, Lab, VC, Electric Feel Ventures Locations: Sequoia, London
☆ Lucy Guo's second act: After the 29-year-old left Scale AI, she has the 'itch to build' something new
  + stars: | 2024-08-23 | by ( Sri Muppidi | ) www.businessinsider.com   time to read: +10 min
But Lucy Guo, the 29-year-old cofounder of data labeling startup Scale AI blurs the line between the two archetypes. Yet this is the persona many have come to know since Guo left Scale AI in 2018. But, midway through the program, they pivoted again, this time to what would eventually become Scale AI. Lucy GuoThe idea of Scale AI came from a suggestion by one of their YC roommates, who proposed creating an "API for humans." Advertisement"The itch to build"After Scale AI, Guo decided to apply her learnings to a new entrepreneurial opportunity: investing.
Persons: —, Lucy Guo, Billie Eilish, Charlie XCX, Guo, she's, Adam D'Angelo, Alexandr Wang, Alex, Wang, Guo's, Cruise, Dave Fontenot, Kylie Jenner's lipsticks, Jake Paul's, Passes Organizations: Service, Business, Fry's Electronics, Carnegie Mellon University, Thiel, Facebook, Multicoin, Bond Locations: Miami, Fremont , California, San Francisco, China, hackathons, Quora
☆ I'm a 16-Year-Old Founder Who Raised $450K for My AI Startup
  + stars: | 2023-10-09 | by ( Ashley Couto | ) www.businessinsider.com   time to read: +6 min
Pranjali Awasthi, 16, came up with her startup while interning in university research labs. Because of the pandemic, my high school had gone virtual, so I was able to intern for about 20 hours a week. In 2020, OpenAI released its ChatGPT-3 beta, and I knew we could use it to make extracting and summarizing research data easier. My parents told me I should take the opportunity – the network alone would be worth it, so I took an absence from high school. I wanted to get a GED, but we compromised on me finishing my high school credits online, which I completed in June 2023.
Persons: Pranjali Awasthi, —, OpenAI, Delv.AI, Lucy Guo, Dave Fontenot, I'd, Hunt, We've, We're, it's, I'm, I've Organizations: Service, Florida Internal University, Miami Locations: Florida, India, San Francisco, Miami, Deck
☆ The cofounder of Fanhouse explains why she resigned from the startup and what she would have done differently if she started it today — including not raising VC funding
  + stars: | 2023-09-06 | by ( Shriya Bhattacharya | ) www.businessinsider.com   time to read: +6 min
Creator Rosie Nguyen started Fanhouse in 2020 with two other cofounders. Nguyen explains what she would do differently as a founder if she were building the startup today. Nguyen launched Fanhouse in 2020 as a subscription platform for creators to monetize, share exclusive behind-the-scenes content, and connect with top fans. The added investments helped Fanhouse in many ways, like hiring more staff and paying creators more money through the platform. She'd also tap into equity crowdfunding like creator startup Gumroad did.
Persons: Rosie Nguyen, Fanhouse, Nguyen, Lucy Guo, @jasminericegirl, Khoi Le, Jerry Meng, VCs, Jeff Morris Jr, Andreessen Horowitz, She'd, she'd, Le, Meng, shouldn't Organizations: Twitter, Investors, didn't Locations: American, Los Angeles, Fanhouse, VCs
☆ Andreessen Horowitz is exploring investing in early-stage VC firms to juice deal flow
  + stars: | 2023-05-15 | by ( Darius Rafieyan | Melia Russell | Ellen Thomas | ) www.businessinsider.com   time to read: +4 min
Andreessen Horowitz is preparing to launch a fund of funds to invest in other startup backers. A16z has already been courting up-and-coming fund managers at events in San Francisco and LA. The venture-capital powerhouse Andreessen Horowitz has in recent months been in discussions to form a fund of funds focused on early-stage investing, according to multiple people familiar with the project. In recent months, the firm has started to court up-and-coming fund managers with events in San Francisco and Los Angeles, according to three sources familiar with the firm's plans. Partners at crossover fund Tiger Global tried a similar strategy in recent years, committing $1 billion to back an array of early-stage venture funds.
☆ Hot AI startup Scale AI, valued at $7 billion, has laid off 20% of its staff. Insiders say employees found out when they were locked out of their computers.
  + stars: | 2023-01-09 | by ( Samantha Stokes | Stephanie Palazzolo | ) www.businessinsider.com   time to read: +4 min
Scale AI laid off 20% of its workforce this morning, Insider has learned. Scale AI has raised more than $600 million from investors like Tiger and Y Combinator and was valued at $7 billion. Buzzy artificial intelligence data-management startup Scale AI, which was last valued at $7 billion in 2021, laid off 20% of its workforce Monday morning, Insider has learned. Founded in 2016 by Alexandr Wang and Lucy Guo, Scale AI was a member of the prestigious accelerator program Y Combinator's summer 2016 cohort. However, the job cuts at Scale AI – once a Silicon Valley darling – seem to suggest otherwise.
☆ Amazon's job cut plans show that tech isn't out of the woods just yet
  + stars: | 2022-11-15 | by ( Matt Weinberger | ) www.businessinsider.com   time to read: +6 min
Indeed, as Insider reported last week, Mark Zuckerberg isn't ruling out the possibility of more layoffs at Meta. Amazon CEO Andy Jassy Dan DeLong/GeekWire1. Meta CEO Mark Zuckerberg Photo by Liu Jie/Xinhua via Getty2. The tech titans are known for paying the big bucks, but that's not the only way to make it in tech. Tech leaders like Ancestry CEO Deb Liu and Scale AI CEO Lucy Guo will appear on stage.
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