Join us today at 1:00 PM PT/4:00 PM ET for a live video summit with former Treasury Secretary Larry SummersJoin Us

Workweek co-founders Adam Ryan and Becca Sherman. Photo: Sarah Karlan
Creator Economy
startups venture capital

Workweek Launches Venture Fund Where Creators Source the Deals

Photo: Workweek co-founders Adam Ryan and Becca Sherman. Photo: Sarah Karlan

We recently wrote about the rise of creators on cap tables and how founders are eager to tap into their audiences and know-how. But not all creators are in a financial position to invest, while others are unfamiliar with navigating the process. 

Workweek, a media startup that works with business-focused creators, saw an opportunity to get more creators involved in venture capital. The Austin-based startup has launched a $10 million venture fund to invest in climate tech, cannabis and healthcare startups. The creators who bring in deals will get half of the carried interest, or the percentage of the investment profits (20%) received by the fund’s general partners, Workweek’s CEO and co-founder Adam Ryan told The Information. Workweek’s new fund will supply the cash.

Get access to exclusive coverage
Read deeply reported stories from the largest newsroom in tech.
Latest Articles
 
Opinion culture
Twitter Used to Make Us Smarter
By Jillian York · March 21, 2023 9:00 AM PDT
Art by Shane Burke / Dall-E 2.
A handful of months into Twitter’s new management and it’s clear an era has ended. For the site’s power users, which include academics, journalists and lawmakers, the sudden changes in the social network’s policies, practices and culture have destroyed years of careful network building. What that will cost us in the future in terms of relationships never forged and...
Latest Briefs
 
OpenAI Temporarily Shuts Down ChatGPT After Privacy Bug Leaks Users’ Chat Histories
By Aaron Holmes · March 21, 2023
New Report to Australian Government Alleges ByteDance Poses Disinformation Threat
By Shai Oster · March 21, 2023
FTX Sues Liquidators of Bahamas Unit
By Akash Pasricha · March 20, 2023
Stay in the know
Receive a summary of the day's top tech news—distilled into one email.
Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Jamie Dimon, chief executive officer of JPMorgan Chase. Photo by Bloomberg.
Exclusive markets startups
How JPMorgan Maneuvered During the Fall of Silicon Valley Bank
By Lauren Tara LaCapra and Michael Roddan
When Silicon Valley Bank was crumbling last week, eyes turned to the biggest lender in the country—the bank that had stepped in to save failing competitors during the financial crisis in 2008, whose CEO has been called “America’s banker” and whose views and decisions influence the corporate world.
Sarah Nagy gives a demo of her startup, Seek.ai, at an AI event at the San Francisco Wine Society in January. Photography by Laura Morton
First Look startups ai
Boom Times in San Francisco’s AI Underground
By Arielle Pardes
Not even a banking crisis could chill the fever sweeping San Francisco. Last Wednesday, as the tech industry recoiled from the collapse of Silicon Valley Bank, a party was scheduled at the offices of Maverick Ventures in an old army hospital in the Presidio.
Cover art and portraits by Clark Miller
The Big Read
The Instant Oral History of the Silicon Valley Bank Collapse
By Abram Brown, Annie Goldsmith, Margaux MacColl, Arielle Pardes, Nick Wingfield and Kaya Yurieff
On a cosmic level, the collapse of Silicon Valley Bank was a mere blip. The murmurs about trouble began last Wednesday, the panic spread via group texts and Twitter threads on Thursday, the bank went under on Friday, the government got its act together on Saturday, and on Sunday every current and former customer of SVB could breathe a cautious sigh of relief.
A pedestrian passes a Silicon Valley Bank branch in San Francisco, on Monday, March 13, 2023. Photo by AP.
Exclusive startups venture capital
SVB’s $9.5 Billion Venture Unit Included Large Investments in Andreessen, Sequoia, Documents Show
By Kate Clark
As potential buyers circle the remnants of Silicon Valley Bank and its affiliates, one asset could be particularly appealing: the company’s venture capital arm.
Art by Clark Miller.
Opinion startups economy
SVB Is Dead. Long Live SVB.
By Jason Pontin
We all know how it began. It started on March 9, when the run on Silicon Valley Bank made the innovation economy totter and threatened a global financial crisis.
Clockwise from top left: Julie Bornstein, Esther Crawford, Mark Hammond, Max Cutler, Kağan Sümer. Photos via Julie Bernstein, Robert Cowherd, Microsoft, Wikimedia and Kağan Sümer.
Free Agents startups
On the Market: The Founders Who Joined Microsoft, Spotify, Coinbase and Twitter
By The Information Staff
Call them acqui-fires. Several founders who took positions at the bigger tech companies that bought their startups recently lost their jobs when layoffs rolled through Silicon Valley.