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Search resuls for: "Uncork Capital"


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Firms like Correlation Ventures, 645 Ventures, and Fly Ventures have long used data and AI to help guide investment decisions. AdvertisementEarlier this year, Sri Chandrasekar, a partner at Point72 Ventures, noticed a startup in his portfolio was having a breakout week. Related stories"If you go to any venture firm's website, you'll find that half the names are not doing anything to do with investing," Chandrasekar said. Advertisement"If you look at the large firms, they got very, very large in the last few years," said Andy McLoughlin, managing partner at Uncork Capital. Venture firms will have to remake themselves into a combination of people and A.I."
Persons: , Matt Krna, Krna, Sri, Chandrasekar, Christina Melas, Andreeseen Horowitz, Andy McLoughlin, James Currier, Currier, McLoughlin Organizations: Service, Business, Ventures, Fly Ventures, Point72 Ventures, Bain Capital Ventures, Bain Capital, Catalyst, Lightspeed, Uncork, Venture, Deloitte, San Locations: San Francisco, Sri Chandrasekar
One startup wants to help consumers be more mindful about their alcohol consumption — and it just raised $11.5 million in venture-capital funding. The startup, Sunnyside, announced that it raised a Series A funding round led by Motley Fool Ventures. Sunnyside's founder Nick Allen launched the startup in San Francisco in 2020, initially calling it Cutback Coach. Sunnyside offers a mobile app that encourages "mindful drinking" practices via weekly goal setting, text reminders, an online community, and one-on-one coaching. Check out the 10-slide pitch deck Sunnyside use to raise its Series A funding round.
Persons: Motley, Cooley, Michael Lee, Nick Allen, Allen, hasn't, Steve Lloyd Organizations: Motley Fool Ventures, Will Ventures, Uncork, Offline Ventures, Joyance Partners, Wisdom Ventures, Eudemian Ventures, Business, Big Tech, Sunnyside Locations: Sunnyside, San Francisco, Valley
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
Over the course of the holiday break last year, Tian built what would become the main tool for his startup, GPTZero. They became some of the earliest adopters of GPTZero, Tian explained. "You have to imagine, this is before TurnItIn even knew what AI detection was, and OpenAI wasn't considering this at all either," Tian said. As customer and media interest grew in GPTZero, Tian realized he had built something that could be a full-fledged startup. Tian and the GPTZero team acknowledge that errors can happen with GPTZero as well, but that focusing on "human" detection can be one way around it.
Persons: Edward Tian, he's, He's, Tian, Bard, TurnItIn, OpenAI, Alex Cui, Cui, Jack Altman's, Emad Mostaque, Tom Glozer, Mark Thompson, GPTZero, Greylock's Asheem, graf, It's, they've, we've Organizations: Princeton, Princeton University, NPR, Educators, BBC, University of Toronto, Uncork Capital, Altman, New York Times, Microsoft Locations: British, GPTZero, Uganda, Kenya
Dry cleaning is not only costly for consumers, it's costly to the environment as well. While some industrial dry cleaners are opting for greener chemicals, others are looking to change the whole business model. Presso is an Atlanta-based startup that invented what looks like a vending machine for dry cleaning, but its process is a little different. The process, however, takes only a few minutes and can cost up to 80% less than traditional dry cleaning, depending on the garment. None of the process of even doing logistics inside a dry cleaning facility, none of that exists anymore," said Jain.
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