Base10 Partners plans to invest 50% of a new $250 million fund’s carried interest, or the share of the profits general partners receive as compensation, to Historically Black Colleges & Universities (HBCUs). The new fund, called the Advancement Initiative , arrives roughly one year after Base10 co-founder Adeyemi Ajao helped lead an effort to push top VC firms to invite HBCUs to become...
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Alphabet’s self-driving car subsidiary Waymo on Wednesday said it raised $2.5 billion from investors, with an asterisk: Alphabet was the lead investor in the round, according to a person familiar with the deal. In Silicon Valley, the lead designation usually belongs to the party that contributed half of the total amount in the round. So either Alphabet CFO Ruth Porat wanted to make sure...
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