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Exclusive venture capital
Alexis Ohanian Venture Fund Plots $776 Million in New Funds
By Kate Clark · Feb. 8, 2023 12:26 PM PST
Alexis Ohanian. Photo by AP.
Seven Seven Six, the venture capital fund launched by Reddit co-founder Alexis Ohanian in 2020, plans to raise $776 million for two new funds, according to investment documents viewed by The Information. The planned fundraising is more than 50% bigger than what it raised last year and will test investor appetite for bigger funds during a tough environment. The Palm Beach, Fla.-based firm had an...
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Former Salesforce Co-CEO to Launch AI Startup With Google Veteran
By Kevin McLaughlin · Feb. 8, 2023
Treasury Warns of Cloud Computing’s Risks to Financial Industry
By Aaron Holmes · Feb. 8, 2023
Amazon Adds Sports Gambling Channel to Free Streaming Service
By Theo Wayt · Feb. 8, 2023
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The supplement stacks of 11 founders and investors. Photos courtesy of subjects.
The Big Read culture
The Supplement Stacks: All the Pills, Powders and Potions Filling Tech’s Kitchen Counters
By Annie Goldsmith and Margaux MacColl
When Courtney Reum wakes up in his Los Angeles home, it’s time to freeze, shake and dangle upside down.
Verily headquarters in San Francisco. Photo by AP.
Exclusive google
Revenues Rise at Alphabet’s Biggest ‘Other Bet’ But So Do Losses
By Jon Victor
Verily, by far the biggest Alphabet unit by revenue after Google, continues to post heavy losses, according to previously undisclosed financial information.
Art by Clark Miller.
The 1:1 google
‘We Just Have to Keep Winning’: A Sonos Executive With a Colorful History Goes to War Against Google
By Janko Roettgers
A few months into his job as chief legal officer of Sonos, Eddie Lazarus was ready to wage war. When Lazarus joined the audio hardware company in late 2018, it was facing growing competition from Amazon and Google.
John and Patrick Collison. Photos by Bloomberg.
markets startups
Stripe Walks Tightrope to Stay Private. Could Other Firms Follow?
By Cory Weinberg, Maria Heeter and Becky Peterson
Thirteen years after starting Stripe, chief executive Patrick Collison is raising his company’s largest ever slug of cash from venture capitalists.
Illustration by Clark Miller.
Opinion startups
Stop Paying People So Much
By Marcus Ryu
Every startup leadership team wrestles with the trade-offs between growth and profitability. This is fitting and ever shall be.
Photo via Getty
Dealmaker venture capital
A New Bubble Is Forming for AI Startups, But Don’t Expect a Crypto-like Pop
By Kate Clark
Venture capitalists have dumped crypto and moved on to a new fascination: artificial intelligence. As a sign of this frenzy, they're paying steep prices for startups that are little more than ideas.