More than 9,600 companies backed by private equity and venture capital funding applied for and received loans as part of the federal government’s Paycheck Protection Program, according to CB Insights’ analysis of the Small Business Association’s newly-released data . More than 2,000 of those companies are headquartered in California and raised capital in 2019. Silicon Valley Bank alone...
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Don’t Build the Wrong Kind of AI Business
At a catch-up coffee a few weeks ago, a founder friend asked me, “What AI thing should we build?” It was the third time that week a founder had asked me the same question. Generative artificial intelligence is 99% of the buzz in Silicon Valley right now. In just the last few weeks, Open AI released GPT-4, its most advanced language model to date; Google announced AI for the...
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