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☆ Rate cut should spark tech IPO comeback, predicts early Airbnb investor Rick Heitzmann
▼ + stars: | 2024-09-19 | 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 EmailRate cut should spark tech IPO comeback, predicts early Airbnb investor Rick HeitzmannRick Heitzmann, FirstMark Capital founder & partner, joins 'Fast Money' to talk tech investing after the Fed's rate cut announcement, the state of the IPO market and more.

Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark Capital

☆ Momentum, an AI-powered customer intelligence startup, just raised $13 million from FirstMark Capital using this 18-slide pitch deck
▼ + stars: | 2024-07-23 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +1 min

Momentum has raised $13 million in Series A funding led by FirstMark Capital. The startup uses AI to record and analyze sales and customer calls for business insights. AdvertisementMomentum, a customer intelligence startup founded in San Francisco in 2020, has raised $13 million in Series A funding. Momentum's platform records and makes notes from sales and customer calls using AI. This story is available exclusively to Business Insider subscribers.

Persons: —, Santiago Suarez Ordoñez Organizations: FirstMark Capital, Service, Business Locations: San Francisco

☆ We're going into a dead season, says FirstMark's Rick Heitzmann
▼ + stars: | 2024-07-08 | 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 EmailWe're going into a dead season, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss balancing the AI hype in the tech trade.

Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark Capital

☆ Nvidia is a 'one-of-one company,' says FirstMark's Rick Heitzmann
▼ + stars: | 2024-05-29 | 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 EmailNvidia is a 'one-of-one company,' says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss why he believes the AI hype has come to fruition.

Persons: Rick Heitzmann Rick Heitzmann Organizations: Nvidia, FirstMark Capital

☆ Exclusive: 11x, a London-based AI startup that builds automated digital workers, is raising money from US fund Benchmark
▼ + stars: | 2024-05-01 | by ( Callum Burroughs | Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

11x, a London-based AI startup that creates automated digital workers, has raised funding from US investing giant Benchmark Capital. The company aims to provide businesses with "digital AI workers" that can complete repetitive and mundane tasks to free up employees to focus on other things. The startup has raised a Series A round of funding, led by US fund Benchmark, four sources familiar with the discussions told Business Insider. Related stories11x's deal was led by Benchmark general partner Sarah Tavel, who will join the startup's board. The startup created a digital sales worker named Alice and plans to release several other digital workers in the future.

Persons: Hasan Sukkar, Sarah Tavel, Uber, Alice, Slack Organizations: Benchmark, Business, US, Bessemer Venture Partners, Twitter, Benchmark Capital, Google, Project A, Ventures, Tiny Ventures, LinkedIn Locations: London, Syrian, Europe, Syria

☆ Kasa Living, which partners with KKR and TPG, wants to become the Amazon of hospitality. See the 33-page slideshow it used to raise $70 million
▼ + stars: | 2024-04-26 | by ( Alex Nicoll | ) www.businessinsider.com time to read: +5 min

Kasa Living has made a habit of raising funds at some of the hardest times for the hospitality and proptech industries. Kasa Living CEO and founder Roman Pedan points to the shares of Marriott and Hilton, which are up over the last five years, as an indication of what Kasa could be. Kasa Living is now working with some investment firms to help locate and buy buildings that Kasa Living will operate, a model known as OpCo/PropCo. Instead of having to hire someone to handle bookings and finances for each property, Kasa Living handles it all centrally, "removing that fixed cost." Some financial information has been redacted from the deck by Kasa Living.

Persons: Roman Pedan, Kasa, Pedan, Pendan Organizations: Marriott, Hilton, KKR, Sonder, TPG, Amazon Web, Citi Ventures, FirstMark, New York Life Ventures, Fireside Investments, RET, Zigg, Ribbit, EBay, Kasa Locations: Brookfield

☆ Nvidia-backed startup Synthesia unveils AI avatars that can convey human emotions
▼ + stars: | 2024-04-25 | by ( Ryan Browne | ) www.cnbc.com time to read: +1 min

U.K. tech startup Synthesia unveiled a new range of AI-generated avatars that can convey emotions like happiness, sadness, and frustration. Nvidia -backed artificial intelligence firm Synthesia on Thursday unveiled a new wave of AI-generated digital avatars that can convey human emotions using a user's text inputs. The company said its "Expressive Avatars" can blur the lines between the virtual world and real characters. In one demonstration, the company showed three lines of text being inserted into its platform — "I am happy. The company's technology is used by more than 55,000 businesses, including half of the Fortune 100, to make digital avatars for corporate presentations and training videos, according to Synthesia.

Persons: Synthesia, Kleiner Perkins Organizations: Nvidia, Fortune, Accel, GV, FirstMark, MMC Locations: London

☆ Reddit IPO a 'litmus test' on investor appetite for non-AI companies, says FirstMark's Heitzmann
▼ + stars: | 2024-03-20 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailReddit IPO a 'litmus test' on investor appetite for non-AI companies, says FirstMark's HeitzmannRick Heitzmann, FirstMark Capital Founder & Partner, joins 'Fast Money' to discuss Reddit's upcoming IPO and what this week's IPOs could signal about IPO investors.

Persons: FirstMark's, Rick Heitzmann Organizations: FirstMark, Partner

☆ Buzzy Y Combinator-backed billing startup Lago has raised $22 million with this 22-slide pitch deck
▼ + stars: | 2024-03-14 | by ( Callum Burroughs | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewLago, a French startup that offers open-source billing software, has raised $22 million. Founded in 2021, Lago utilizes the open-source community to help businesses like Mistral, Together AI, and Swan manage their payments and billing needs. AdvertisementIn addition, Lago, which has around 30% of its business in the US, will begin to scale out its offering outside of Europe. Lago believes its flexibility around infrastructure will help it win more clients globally as businesses look to create more customizable revenue stacks.

Persons: —, Lago, Swan, Matt Turck, Chuong, Turck Organizations: Service, Business, FirstMark, New Locations: Paris, Lago, Europe

☆ This startup wants to find cancer faster with AI-powered full-body scans. See the 22-slide pitch deck that got Ezra $21 million.
▼ + stars: | 2024-02-08 | by ( Rebecca Torrence | ) www.businessinsider.com time to read: +4 min

Read previewLast August, Kim Kardashian posted on Instagram that she'd gotten a full-body MRI scan from the startup Prenuvo, which sparked a national conversation about the merits of preventive imaging. With Kardashian's help, the scans were finally making headlines — and healthtech startup Ezra felt their impact. "The day that Kim Kardashian got a scan, even though it wasn't an Ezra scan, our day-over-day revenue spiked," Ezra CEO and cofounder Emi Gal told Business Insider. Those tailwinds have propelled growth for Ezra, which partners with radiology clinics to perform full-body MRI scans. And, with Ezra's scans, that startup has "helped hundreds of people find cancer," he added.

Persons: —, Kim Kardashian, she'd, Ezra, Emi Gal, Amir Dan Rubin, Anne Wojcicki, Vlad Tenev, David Prior, Esther Dyson, — Gal, Ezra Flash, radiologists, Gal, We've Organizations: Service, Business, VC, FirstMark, Firms, Allianz Life Ventures, Mana Ventures, Ventures, Seedcamp, LDV Locations: Gaingels, Republic

☆ Moneyball-Plus: What Happens When Investors Treat Athletes Like Startups
▼ + stars: | 2024-01-28 | by ( Joseph Bien-Kahn | ) www.businessinsider.com time to read: +27 min

What if athletes could sell a percentage of their future earnings to investors, the same way tech entrepreneurs offer a stake in their promising new ideas in return for venture capital? "We look at the game very, very differently than everyone else," Schwimer tells the pitcher. Finlete is launching a fund that allows fans to buy shares in a prospect's future earnings. What if you could sell a share of your future earnings, he asked, for $10,000? Today, he says, more than 80% of the players BLA has invested in are outside the league's top 300 prospects.

Persons: They're, Michael Schwimer, —, Schwimer, BLA, haven't, Fernando Tatis Jr, We've, it's, Daniil, David Liberman, Garrett Broshuis, he'd, He'd, Houdini, Christian Petersen, Erik Kratz, Kratz, Cole Hamels, Hamels, Sean M, Marvin Bush, George W, Bush, Paul DePodesta, bankroll BLA's, Bill Miller, Miller, HBO's, Michael, Jeff Bezos, Bezos, I'd, I'm, Steven Duncker, Goldman Sachs, Elly De La Cruz, Dylan Buell, phenom, Scott Boras, Yermín Mercedes, Francisco Mejía, countersue Mejia, Gervon Dexter, they're, Dexter, Wharton, He's, he'll, isn't, scoffing, he's Organizations: Philadelphia Phillies, Big League, San Diego Padres, Benchmark Capital, Sports, Wharton Sports Business, MLB, University of Virginia, Partners, Phillies, Getty, AAA, Arizona Fall League, Ritz Carlton, Cleveland Browns, Dodgers, Cleveland Indians, Big League Advance, Chicago Bears, University of Florida, Huntsman, NCAA Locations: Maryland, Philadelphia, United States, baseball's, Latin America, America, Dominican Republic, Cleveland, Florida

☆ 2024 will be a stock pickers market, says FirstMark's Rick Heitzmann
▼ + stars: | 2024-01-17 | 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 Email2024 will be a stock pickers market, says FirstMark's Rick HeitzmannRick Heitzmann, FirstMark Capital partner, joins 'Closing Bell' to discuss what he needs to see from the Magnificent 7 before he expects a reshuffling of the stocks.

Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark

☆ Cybersecurity crises create opportunity for emerging social media companies: FirstMark's Heitzmann
▼ + stars: | 2024-01-09 | 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 EmailCybersecurity crises create opportunity for emerging social media companies: FirstMark's HeitzmannRick Heitzmann, FirstMark Capital founder & partner, joins 'Fast Money' to talk the SEC saying its X account was compromised, security concerns in the online space, the state of AI and more.

Persons: FirstMark's, Rick Heitzmann Organizations: FirstMark Capital, SEC

Here's the state of play globally for crypto regulation and enforcement in 2023 — and a look at what to expect in 2024. "However, much of their work has involved providing guidance to the industry through enforcement actions," continued Levin. Crypto market participants nevertheless hope that the spate of legal challenges brought to crypto companies in 2023 will bring clarity in the form of new regulations. The U.S.'s dominant role in global finance and its focus on consumer protection plays a crucial role in its leading position in crypto regulation enforcement. The region has been increasingly warming to crypto assets, despite a broader anti-crypto push from China, which banned bitcoin trading and mining in 2021.

Persons: Al Drago, Binance, Sam Bankman, Renato Mariotti, Mariotti, Richard Levin, Nelson Mullins Riley, Levin, ada, Changpeng Zhao, Damian Williams, Brian Armstrong, Armstrong, Alyse Killeen, Scarborough's Levin, FinCEN, Killeen, Diem, USDC, Braden Perry, it's, Kennyhertz Perry, Perry, Bafin Organizations: U.S . Securities, Exchange Commission, Bloomberg, Getty, Regulators, Securities and Exchange Commission, U.S, Alameda Research, U.S . Justice Department's Securities, Commodities, CNBC, Capitol, SEC, Futures Trading Commission, Department of Justice, Scarborough, CFTC, Protocol Labs, Southern, of, Stillmark, Meta, Visa, Mastercard, U.S ., European, IRS, European Union, EU, France's Financial Markets Authority, AMF, Treasury, Monetary Authority of, Three Arrows, Terra Labs, Terra, Hong Kong Securities, Futures Commission, SFC, OSL Locations: Washington, Europe, Asia, U.S, Alameda, of New York, European, Crypto, Ireland, Germany, France, Italy, Netherlands, Singapore, Dubai, Hong Kong, Monetary Authority of Singapore, China, East, Africa

☆ FirstMark's Rick Heitzmann expect lower for longer in IPO valuations
▼ + stars: | 2023-10-17 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFirstMark's Rick Heitzmann expect lower for longer in IPO valuationsRick Heitzmann, First Mark Capital, joins 'Closing Bell' to discuss why he expects lower valuations for longer in the IPO market.

Persons: Rick Heitzmann, Mark Capital

☆ Arm, Instacart IPOs ushering in more rational environment, suggests investor Rick Heitzmann
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArm, Instacart IPOs ushering in more rational environment, suggests investor Rick HeitzmannRick Heitzmann, FirstMark Capital Founder & Partner joins 'Fast Money' to talk Arm going public today, the future of the IPO market and the tech sector as a whole.

Persons: Rick Heitzmann Rick Heitzmann Organizations: FirstMark, Partner

☆ Arm debut will help jump-start IPO market, early Airbnb investor Rick Heitzmann suggests
▼ + stars: | 2023-09-14 | by ( Stephanie Landsman | ) www.cnbc.com time to read: +2 min

Arm Holdings will help jump-start the IPO market, according to the venture capitalist behind Airbnb and Pinterest. Chip design company Arm , which is affiliated with Softbank, jumped almost 25% in its Nasdaq debut on Thursday. And, Heitzmann expects next week's Instacart IPO to follow in Arm's footsteps. "It's the reason they're going to price Instacart down 70% from the last private round." "People were wondering how much appetite is there from the big traditional IPO buyers," Heitzmann said.

Persons: FirstMark, Rick Heitzmann, CNBC's, Chip, Softbank, Johnson, Heitzmann, It's Organizations: Holdings, Softbank, Nasdaq, CART, Heitzmann

☆ We're in 'the early innings' of a commercial real estate downturn: Citymark Capital's Daniel Walsh
▼ + stars: | 2023-08-29 | 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 EmailWe're in 'the early innings' of a commercial real estate downturn: Citymark Capital's Daniel WalshDaniel Walsh, Citymark Capital CEO, joins 'Squawk Box' to discuss the state of commercial real estate, how the combined impact of higher interest rates and lower demand for office space is causing a slow-motion crisis, why he thinks the Fed raising bank capital requirements will cause even more disruptions for the sector, and more.

Persons: Capital's Daniel Walsh Daniel Walsh Organizations: Citymark

☆ FirstMark Capital's Rick Heitzmann gives the pulse on the IPO market
▼ + stars: | 2023-08-22 | 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 EmailFirstMark Capital's Rick Heitzmann gives the pulse on the IPO marketRick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss tech IPOs possible comeback and more.

Persons: Rick Heitzmann Organizations: FirstMark Capital

☆ There's a real appetite for growth stocks, says FirstMark's Rick Heitzman on CAVA's IPO
▼ + stars: | 2023-06-15 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's a real appetite for growth stocks, says FirstMark's Rick Heitzman on CAVA's IPORick Heitzmann, FirstMark Capital founder and managing partner, joins 'Last Call' to talk CAVA's big IPO and what it could mean for a previously sluggish IPO market.

Persons: Rick Heitzman, Rick Heitzmann Organizations: FirstMark Capital

☆ A Nvidia-backed platform that turns text into A.I.-generated avatars boosts valuation to $1 billion
▼ + stars: | 2023-06-13 | by ( Ryan Browne | ) www.cnbc.com time to read: +6 min

In this article NVDA Follow your favorite stocks CREATE FREE ACCOUNTAn animated avatar generated by the AI video platform Synthesia. To do that, Synthesia has created animated avatars which look and sound like humans, but are generated by AI. Synthesia is a form of generative AI, similar to OpenAI's ChatGPT. The company doesn't disclose its sales or revenue metrics, though it says it "consistently driven triple digit growth," with over 12 million videos produced on the platform to date. Synthesia plans to ramp up investment into its technology, with a particular focus on advancing its AI research and making Synthesia avatars capable of performing more tasks.

Persons: Synthesia, Slack, Kleiner Perkins, Morgan Stanley, Victor Riparbelli, Matthias Niessner, Steffen Tjerrild, Lourdes Agapito, Philippe Botteri, Riparbelli, Nvidia isn't, it's, They're, Felix Capital, Atomico, they're, David Beckham, Beckham Organizations: Nvidia, CNBC, Accel, Facebook, Spotify, GV, FirstMark, MMC, YouTube, Netflix, Business, Iconiq, Felix, Meritech Locations: London, A.I

☆ FirstMark Capital's Rick Heitzmann weighs in on the risk and rewards of A.I.
▼ + stars: | 2023-06-07 | 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 EmailFirstMark Capital's Rick Heitzmann weighs in on the risk and rewards of A.I. Rick Heitzmann, FirstMark Capital founder, joins 'Closing Bell' to discuss the risks and rewards of AI.

Persons: Rick Heitzmann Organizations: FirstMark Capital

☆ AI startup cloud deals by Microsoft, Google and Amazon ring 'accounting alarm bells' across Silicon Valley over revenue 'round-tripping'
▼ + stars: | 2023-05-19 | by ( Eugene Kim | Stephanie Palazzolo | ) www.businessinsider.com time to read: +10 min

Some investors question whether these arrangements are artificially juicing cloud revenue growth. When Microsoft announced a multibillion-dollar investment in OpenAI earlier this year, the deal made Azure the ChatGPT-maker's "exclusive cloud provider." There's another deal in the works with similar attributes involving Runway AI and a major cloud company. But they are drawing more scrutiny lately because they could artificially inflate cloud revenue, a key driver of growth for Microsoft, Google, and Amazon, according to Ted Mortonson, managing director of financial-services firm Baird. Is OpenAI a regular cloud customer that is getting no investment money from Microsoft?

☆ The government will take A.I. regulation seriously after social media problems says Plexo's Lo Toney
▼ + stars: | 2023-05-16 | 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 EmailThe government will take A.I. regulation seriously after social media problems says Plexo's Lo ToneyPlexo Capital’s Lo Toney and Firstmark Capital’s Rick Heitzmann, join 'Closing Bell' to discuss the A.I. arms race, regulation and outlook.

☆ 6 startups that have raised $100 million or more in 2023 to change healthcare
▼ + stars: | 2023-04-11 | by ( Yeji Jesse Lee | ) www.businessinsider.com time to read: +3 min

The healthcare-staffing startup ShiftKey raised $300 million in a round led by its majority investor Lorient Capital. The clinical-trials-tech startup Paradigm raised a $203 million Series A round led by Arch Venture Partners and General Catalyst. The healthcare-staffing startup ShiftMed raised a $200 million round led by Panoramic Ventures. raised a $200 million round led by Panoramic Ventures. Vytalize Health, a startup that helps doctors provide value-based care, raised $100 million from Enhanced Healthcare Partners, Monroe Capital, and North Coast Ventures.

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