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☆ 1 venture capitalist vs. 7 marathons in 7 continents in 7 days: Here's how this man ran one of the world's hardest races while working 80-hour weeks
▼ + stars: | 2023-10-04 | by ( Aj Eckstein | ) www.businessinsider.com time to read: +6 min

Moritz Baier-Lentz, a venture-capital partner, ran the World Marathon Challenge in February. AdvertisementAdvertisement"If it's not extreme, I'm almost not interested," said Moritz Baier-Lentz, a venture-capital partner who ran seven marathons on seven continents in seven consecutive days in February. After completing multiple marathons, Ironman Triathlons, and ultramarathons, Baier-Lentz set his sights on the World Marathon Challenge . The challenge is to complete seven marathons in seven days on seven continents. Even during the seven marathons, he checked and answered emails between races.

Persons: Moritz Baier, Lentz, —, Baier, He's, Patrick Renner Organizations: Lightspeed Gaming, Baier, Service, what's Locations: Baier, Antarctica, Africa, Australia, Asia, Europe, South America, North America, Moroccan

On day one of Sam Bankman-Fried's criminal trial, assistant U.S. attorney, Danielle Sassoon, rattled off a lengthy list of potential witnesses who might be called to testify for either the government or the defense. The list, which was compiled jointly by both sides, was released during the afternoon session and included Bankman-Fried's brother, Gabe, as well his parents, Allan Joseph Bankman and his wife, Barbara Fried. Parents of the disgraced former CEO of FTX are themselves the subject of new scrutiny. Other entities that may take the witness stand included various venture funds and crypto-focused companies like Genesis, Lightspeed Venture Partners, Ontario Teachers Pension Fund, Third Point, Signature Bank, and Voyager Digital. Many of these businesses were hurt or wiped out by the collapse in cryptocurrency prices triggered in part by FTX's implosion.

Persons: Sam Bankman, Danielle Sassoon, Gabe, Allan Joseph Bankman, Barbara Fried, Ellison, FTX, Wang, Anthony Scaramucci, Fried Alfred Lin, Sequoia Capital Zac Prince, Michael Lewis Organizations: Alameda Research, U.S, SkyBridge, Sequoia Capital, Lightspeed Venture Partners, Ontario, Pension Fund, Signature Bank, Voyager Locations: Bankman, Manhattan

☆ Exclusive: Carta is suing yet another former employee to prevent the release of damaging recordings of its executives and board members
▼ + stars: | 2023-09-28 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +3 min

Tech unicorn Carta filed a lawsuit in the Northern District of California in August against its former Chief Product Officer Heidi Johnson, demanding she turn over secret recordings of the company's top executives and board members. It's the second time the company has gone to federal court in order to prevent the release of what it says are damaging recordings. In court documents reviewed by Insider, Carta states that Johnson was fired in November 2022 for having a "polarizing" management style and for taking unauthorized leave. Shortly after her termination, both Johnson and Talton filed complaints with the company's board raising issues about her firing and the conduct of CEO Henry Ward. Additionally, Carta is seeking monetary damages from Johnson for breach of contract with the amount to be determined at trial.

Persons: Carta, Heidi Johnson, It's, Johnson, Andreessen Horowitz, Jerry Talton, Talton, Henry Ward, Lindaur, Emily Kramer Organizations: Northern District of, Lightspeed, New York's Southern, Carta Locations: Northern District, Northern District of California, Silicon, New York's, New York's Southern District, Carta

☆ Europe is minting red hot AI startups like DeepL and Synthesia. Meet 15 of the most prolific investors backing the region's breakout stars.
▼ + stars: | 2023-09-28 | by ( Riddhi Kanetkar | Tasmin Lockwood | Callum Burroughs | ) www.businessinsider.com time to read: +2 min

Meanwhile, Andreessen Horowitz has poured cash into the AI-voice-intelligence startup ElevenLabs and the Nordic AI startup Sloyd. Some of Europe's most prolific AI investors are national funds and startup accelerators. London's Phoenix Court, the parent company of the VC firm LocalGlobe, took the top spot for total investment value — with $713 million poured into AI startups since 2020. MMC Ventures, also in London, followed suit with $628 million in investments in AI startups. Insider has profiled 15 investors at these firms who have spearheaded investments into European AI startups, in no particular order.

Persons: ChatGPT, Andreessen Horowitz, LocalGlobe Organizations: Venture, Lightspeed, New, Nordic, Court, MMC Ventures Locations: French, New York, Europe, London

☆ Carbon accounting startup Plan A just raised $27 million in a round led by Lightspeed Venture Partners with this 11-slide pitch deck
▼ + stars: | 2023-09-19 | by ( Tasmin Lockwood | ) www.businessinsider.com time to read: +3 min

Carbon accounting startup Plan A has just secured $27 million in a round led by Californian tech investor Lightspeed Venture Partners. Berlin-based Plan A, founded in 2017, is one of many startups helping big companies measure and manage their carbon emissions. Carbon accounting companies raised $5 billion at the sector's 2021 peak, per PitchBook, as venture capitalists and large asset managers piled into the buzzy category. One way Plan A differentiates itself is its steady pace, cofounder and CEO Lubomila Jordanova told Insider. Operating in a hype market can be tricky because it deflates the value of carbon accounting in the long term, she said.

Persons: Lubomila Jordanova, Jordanova Organizations: Lightspeed Venture Partners, Visa, Deutsche Bank, Opera Tech Ventures, BNP, BMW, BMW Group, Greenhouse, TÜV Rheinland Locations: Berlin, Europe, France, Scandinavia, Paris, London

☆ Telesat buys SpaceX launches for Lightspeed internet satellites
▼ + stars: | 2023-09-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +2 min

PARIS – Competitors or not, SpaceX continues to be willing to launch for other satellite internet companies. The agreement covers 14 launches of the Canadian venture's Lightspeed internet satellites. SpaceX has used its rockets to launch communications satellites for companies that compete directly or indirectly with its global Starlink internet network. These deals come as an Amazon shareholder alleges the company snubbed SpaceX for launch contracts of the tech giant's Kuiper internet satellites. Earlier this summer Telesat announced a swap in the manufacturer of its Lightspeed satellites, with Canadian space company MDA taking the place of French-Italian manufacturer Thales Alenia Space.

Persons: Elon Musk's, Dan Goldberg, Goldberg, Jeff Bezos, Glenn, Starlink, Telesat Organizations: PARIS, SpaceX, Elon, Elon Musk's SpaceX, Canadian, Lightspeed, CNBC, Viasat, Glenn, New Glenn, SpaceX's, MDA, Thales Alenia Space Locations: Italian

☆ Telesat taps SpaceX to launch its broadband satellites in orbit
▼ + stars: | 2023-09-11 | by ( Steve Scherer | ) www.reuters.com time to read: +3 min

LEO satellites operate 36 times closer to Earth than traditional ones so they take less time to send and receive information, leading to better and faster broadband service even in remote areas. "It is another big step forward on our path to get Lightspeed up there," Telesat CEO Dan Goldberg told Reuters. Telesat picked Elon Musk's SpaceX because it had "the best combination of price, performance, reliability and schedule tempo," Goldberg said. Satellite constellations have sapped large amounts of the U.S. launch supply in recent years with considerably large bulk launch orders like Telesat's SpaceX contract. SpaceX aims to nearly double its annual launch rate in 2023 thanks to its growing Starlink constellation.

Persons: Dan Goldberg, Blair Gable, Telesat, Elon, Goldberg, we've, Jeff Bezos's, Steve Scherer, Joey Roulette, Will Dunham Organizations: REUTERS, Rights, SpaceX, LEO, Lightspeed, Reuters, Canada's MDA, Thales Alenia Space, Thales, MDA, Amazon, Thomson Locations: Canadian, Ottawa , Ontario, Canada, Washington

☆ Alice Zheng moved from med school to McKinsey to venture capital. Here's how she's using those experiences to advance innovation in women's health.
▼ + stars: | 2023-09-02 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +6 min

Alice Zheng is a VC at RH Capital focusing on early-stage women's health startups. Seven years after graduating from medical school, Zheng is now a principal at RH Capital, the fund of female-led firm Rhia Ventures. The firm, which focuses on early-stage women's health investing, collected $38.5 million for its second fund last year. Zheng later took a two-year hiatus from medical school to pursue an MBA from Harvard Business School. Zheng invests in women's health startups across consumer, life sciences, diagnostics, digital health, and health services.

Persons: Alice Zheng, Zheng, –, she'd, Juniper, Liang Organizations: RH Capital, University of Michigan, Harvard, McKinsey, University of Michigan Medical School, Ross School of Business, Rhia Ventures, GV, Khosla Ventures, Harvard Business School, McKinsey Global, Fortune, Capital Locations: China, U.S, Ann Arbor, McKinsey's, San Francisco

☆ As the IPO market comes back to life, Navan (formerly TripActions) is targeting an April 2024 listing
▼ + stars: | 2023-08-25 | by ( Ben Bergman | ) www.businessinsider.com time to read: +2 min

The company is now targeting a late April 2024 IPO, Insider has learned. Navan, formerly known as TripActions, is now targeting a late April 2024 IPO, according to a person with direct knowledge of the matter not authorized to speak publicly. However, this month the nearly two year dormant IPO market has finally shown signs of coming to life. Andreessen Horowitz first invested in TripActions in 2018, when it led the company's series C funding round at a $1.1 billion valuation and general partner Ben Horowitz joined the board. Navan has raised more than $2 billion in equity and debt financing since it was founded 2015, according to Pitchbook.

Persons: Ariel Cohen, Kelly Soderlund, Instacart, Goldman Sachs, Andreessen Horowitz, Ben Horowitz, It's, " Horowitz Organizations: Navan, NASDAQ, Bloomberg, Softbank, Lightspeed Venture Partners, Coatue Management, Zeev Ventures Locations: Navan, Caplight, TripActions

But the Logitech G305 Lightspeed is proof that you can find a great entry-level mouse for a lot less. Here's why it's the best wireless gaming mouse you can buy on a budget. Great Price Logitech G305 Lightspeed Wireless Gaming Mouse The Logitech G305 Lightspeed is an excellent choice for entry-level users, casual gamers, and those shopping on a budget. Simple yet mighty, the Logitech G305 Lightspeed is a solid investment for casual gamers and beginners alike. Sarah Saril/InsiderThe Logitech G305 Lightspeed is a great purchase for entry-level users, casual gamers, and budget-minded shoppers.

Persons: I've, Price, Sarah Saril Organizations: Logitech, G305, Price Logitech, Lightspeed, Amazon, AA, Logitech G305 Wireless, Team Fortress

☆ Portkey.ai makes it easier to build generative AI apps. Check out the 14-slide deck it used to raise $3 million from Lightspeed.
▼ + stars: | 2023-08-23 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +2 min

The San Francisco-based startup allows businesses to create generative AI apps quickly. Check out the 14-slide pitch deck used to secure the fresh funding. A startup that enables businesses to build their own generative AI apps has just raised $3 million from Lightspeed. San Francisco-based Portkey.ai — launched in January this year — aims to help companies deploy "very complex applications" on top of generative AI infrastructures, said cofounder and CEO Rohit Agarwal. The startup targets engineering teams in midmarket and enterprise companies, that are adopting generative AI, as well as generative AI startups.

Persons: Portkey.ai, —, Rohit Agarwal, Portkey, Agarwal Organizations: US, Lightspeed, Amazon Web Services Locations: San Francisco, Francisco, midmarket, Portkey

☆ It's 'misguided' to compare India with China, says venture capital firm
▼ + stars: | 2023-08-15 | 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 EmailIt's 'misguided' to compare India with China, says venture capital firmBejul Somaia, partner at Lightspeed Venture Partners, says "I wish we would stop labeling markets as the next X or the next Y … because every country is different."

Persons: Bejul Somaia Organizations: Lightspeed Venture Partners Locations: India, China

☆ Telesat stock surges 50% after satellite internet company swaps suppliers to save $2 billion
▼ + stars: | 2023-08-11 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +1 min

Shares of Canadian telecommunications satellite operator Telesat surged on Friday after the company announced it would swap suppliers for its planned Lightspeed global internet network. Canadian space company MDA will now build the Lightspeed satellites, taking the place of French-Italian manufacturer Thales Alenia Space and resulting in "total capital cost savings" of about $2 billion, Telesat announced. The company expects to begin launching the first Lightspeed satellites in mid-2026, with global service beginning once the first 156 satellites are in orbit. Telesat stock surged as much as much as 64% with heavy volume in early trading from its previous close at $8.45 a share, before slipping slightly to closer to 50%. "I'm incredibly proud of the Telesat team for their innovative work to further optimize ... resulting in dramatically reduced costs," Telesat CEO Dan Goldberg said in a release.

Persons: Telesat, Dan Goldberg Organizations: MDA, Lightspeed, Thales Alenia Space Locations: Italian

☆ Canada's Telesat says MDA to build 198 satellites, shares soar
▼ + stars: | 2023-08-11 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/IllustrationAug 11 (Reuters) - Satellite operator Telesat (TSAT.TO), has given space tech firm MDA (MDA.TO) a C$2.1 billion ($1.56 billion) contract to build 198 satellites for its low-earth orbit program. Telesat said it had earmarked $3.5 billion as capital expenditure for the Lightspeed project and that the MDA deal had helped it save $2 billion. The technology would also allow each satellite to be slightly smaller than the ones Telesat was previously considering. Telesat's Lightspeed network is designed to serve the connectivity requirements of enterprise and government users, with highly secure, resilient, low-latency broadband connectivity anywhere in the world. The company launched its first LEO 3 demonstration satellite aboard Rocket Lab's Electron rocket in July.

Persons: Dado Ruvic, Telesat, Samrhitha, Denny Thomas, Savio D'Souza, Shounak Organizations: REUTERS, MDA, Canadian, Lightspeed, Revenue, Thomson Locations: Bengaluru, Toronto

☆ Inside the secret Google DeepMind mafia of founders working on new stealth AI startups
▼ + stars: | 2023-08-08 | by ( Riddhi Kanetkar | ) www.businessinsider.com time to read: +7 min

There is an influx of cash and interest into artificial intelligence startups right now. Insider spoke to ex-Google DeepMind staffers who have founded AI startups in stealth. He isn't the only DeepMind alum working on practical applications of artificial intelligence. Last month, Mistral, an AI startup founded by DeepMind alum, secured $113 million in seed funding from Lightspeed just four weeks after it launched. He has since been working on his second AI startup in stealth mode since June 2023, adding that working under the radar was inspired by DeepMind's "own model of working in stealth."

Persons: Mustafa Suleyman, Suleyman, Devang Agrawal, Jonathan Godwin, DeepMind, Godwin, Simon Kohl, Ang Li, isn't, Li, Simon Menashy, Adam Liska, Demis Hassabis, GlyphicAI's Agrawal, Mehdi Ghissassi, OpenAI's, Agrawal, Karl Moritz Hermann, DeepMind's Organizations: Google, Microsoft, Nvidia, Labs, MMC Ventures, DeepMind, Lightspeed Locations: DeepMind, London, California

☆ On tap this week: Jobs report plus 10 key earnings. Here's what we want to see
▼ + stars: | 2023-07-29 | by ( Zev Fima | ) www.cnbc.com time to read: +18 min

All three major averages advanced for the week, powered by strong mega-cap earnings and favorable inflation data. Looking to next week, earnings season enters its second half with the last of our mega-caps — Apple (AAPL) and Amazon (AMZN) — set to report on Thursday. We'll get a better read on the employment picture on Wednesday with the ADP report and then, more importantly, on Friday's nonfarm payrolls report for July. Thursday after the close brings us to the main events of the week: Earnings from Apple and Amazon. For those looking to review first quarter performance ahead of these releases, be sure to keep our first-quarter earnings report card handy.

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☆ AI investment is booming. How much is hype?
▼ + stars: | 2023-07-23 | by ( Anna Cooban | ) edition.cnn.com time to read: +7 min

The investment into Mistral AI is just one of many this year by venture capitalists jostling for a seat aboard the AI rocketship. In the first six months of 2023, they plowed $15.2 billion into generative AI companies globally, according to Pitchbook data. The bulk of this sum comes from Microsoft (MSFT)’s $10 billion investment, announced in January, in OpenAI, the developer of popular generative AI chatbot ChatGPT. But even excluding Microsoft’s bumper deal, the value of VC investments in generative AI was up by almost 58% compared with the same period in 2022. “Buying a ‘dot-ai’ domain, and claiming to be an AI company… doesn’t really make you an AI company,” Jacobs told CNN.

Persons: Antoine Moyroud, wasn’t, ”, Arthur Mensch, Nathan Laine, hasn’t, ” Mostaque, jostling, Moyroud, ’, ’ “, “, ” Moyroud, It’s, Jaap Arriens, Goldman Sachs, Stocks, Mike Reynolds, Reynolds, —, “ It’s, ” Reynolds, ” Jordan Jacobs, … doesn’t, ” Jacobs Organizations: London CNN, Lightspeed Venture Partners, CNN, Mistral, Viva Tech, Bloomberg, Getty, Stability, Microsoft, Meta, Nvidia, Nasdaq, Cisco, Radical Ventures Locations: French, Paris, California, OpenAI, —, Toronto

☆ Meet 17 medical doctors at VC firms like GV and Khosla Ventures who are investing in the next big healthcare startups
▼ + stars: | 2023-07-20 | by ( Samantha Stokes | ) www.businessinsider.com time to read: +2 min

Some medical school graduates are bringing their expertise to the world of startup investing. Take a look at 17 doctors who are now investing at VC firms like GV and Khosla. And still others, including Khosla Ventures' Alex Morgan and Galym Imanbayev of Lightspeed Venture Partners, jumped directly to a VC firm after graduating from medical school. Even so, VCs with medical degrees all say they feel that their medical school training has been invaluable in terms of understanding a health startup's business. Take a look at Insider's list of 17 medical doctors who are now VCs at top firms like GV, Khosla Ventures, and more.

Persons: —, laud, Mark Zuckerberg, Larry Ellison, Jack Dorsey, Chris Kager, Robert Mittendorf, Alex Morgan, Galym, Alice Zheng Organizations: MDs, GV, Khosla, Global Health, Khosla Ventures, Lightspeed Venture Partners, University of Michigan Medical School, RH Capital

☆ A.I. is a $1 trillion investment opportunity but will be 'biggest bubble of all time,' CEO predicts
▼ + stars: | 2023-07-17 | by ( Ryan Browne | ) www.cnbc.com time to read: +3 min

Emad Mostaque, founder and CEO of Stability AI, speaks during the Bloomberg Technology Summit in San Francisco, California, US, on Thursday, June 22, 2023. Artificial intelligence will be the biggest bubble of all time, according to the CEO of open-source AI company Stability AI. Speaking with UBS analysts on a call last week, Stability AI CEO Emad Mostaque said of artificial intelligence: "I think this will be the biggest bubble of all time." "I call it the 'dot AI' bubble, and it hasn't even started yet," he said. Stability AI is the company behind Stable Diffusion, one of the other more popular generative AI tools aside from OpenAI.

Persons: Emad Mostaque, hasn't, chatbot, Google Bard, Microsoft Bing, Mostaque, Reid Hoffman Organizations: Bloomberg Technology Summit, UBS, Coatue, Lightspeed Venture Partners, Mostaque, Google, Microsoft Locations: San Francisco , California, U.S

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Right now you can snag the Logitech G502 Lightspeed for only $89.99 at Amazon, and the Logitech G Pro X Superlight for $104.99 at Amazon. Check out our Logitech G502 Lightspeed review for full details on why we think it's a great option for gamers. The best Logitech gaming mouse Prime Day dealsDeal icon An icon in the shape of a lightning bolt. Great Price Logitech G502 Lightspeed Wireless Gaming Mouse with Hero 25K Sensor The Logitech G502 is an iconic gaming mouse, and offers long battery life and a massive amount of customization. After rigorous testing, we narrowed it down to four mice that we recommend as the best gaming mouse.

Persons: We've, Price, you'll Organizations: Logitech, Price Logitech, Lightspeed, Amazon

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☆ Microsoft-backed AI4Bharat set to raise $12 million funding from Peak XV, Lightspeed
▼ + stars: | 2023-07-07 | by ( Yuvraj Malik | ) www.reuters.com time to read: +2 min

July 7 (Reuters) - AI4Bharat, a start-up backed by Microsoft (MSFT.O), is raising $12 million from venture capital firms Peak XV and Lightspeed Venture to develop artificial intelligence-powered chatbots for Indian languages, according to three people familiar with the matter. Most seed rounds are usually up to $1 million to $2 million. AI4Bharat, Peak XV and Lightspeed did not immediately respond to Reuters' requests for comment. The investment is among the first from Peak XV Partners after rebranding from Sequoia Capital India and SEA following a split with its U.S.-based parent fund last month. Indian AI start-ups have raised $583 million this year, as of June, according to data from Venture Intelligence.

Persons: OpenAI's ChatGPT, Nandan Nilekani, Rudder, Yuvraj Malik Organizations: Microsoft, Lightspeed Venture, Indian Institute of Technology, Infosys, National Payments Corp, XV Partners, Sequoia Capital, SEA, Venture Intelligence, Thomson Locations: Madras, India, Sequoia Capital India, Bengaluru

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