Start-up
This is the No.1 reason startups fail in the first two years, according to the founder of Europe’s largest pre-seed fund
Concept Ventures was an early investor in billion dollar AI firm Eleven Labs. Reece Chowdhury A venture capitalist says one of the biggest reasons startups fail hinges on the relationship between co-founders. Reece Chowdhry, founding partner of Concept Ventures, said early teams often split within two years because their co-founders clash or lack a shared […]
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Allbirds, H&M and Zara use recycled yarns from this Virginia startup that’s backed by Patagonia
Fast fashion is a major environmental offender, requiring massive water consumption, and producing high carbon emissions and pollution. It also leads to a surge in microplastic and textile waste. One result has been a boom in thrifting. But recycling old clothing into new items presents a much bigger challenge. The fashion industry accounts for anywhere […]
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Meta chief AI scientist Yann LeCun is leaving to create his own startup
Yann LeCun, known as one of the godfathers of modern artificial intelligence and one of the first AI visionaries to join the company then known as Facebook, is leaving Meta. LuCun said in a LinkedIn post on Wednesday that he plans to create a startup that specializes in a kind of AI technology that researchers […]
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Luma AI raises $900 million in funding round led by Saudi AI firm Humain
Thomas Fuller | SOPA Images | Lightrocket | Getty Images Video generation startup Luma AI said it raised $900 million in a new funding round led by Humain, an artificial intelligence company owned by Saudi Arabia’s Public Investment Fund. The financing, which included participation from Advanced Micro Devices’ venture arm and existing investors Andreessen Horowitz, […]
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Defense startup Govini founder Eric Gillespie charged in child sex sting
Mug shot of Eric Gillespie, Govini Founder and Chairman. Courtesy: Pennsylvania Attorney General The founder of Virginia-based defense startup Govini was arrested on charges of attempting to solicit a pre-teen girl for sexual contact in Pennsylvania, authorities said Monday. The founder, Eric Gillespie, 57, was charged with four felonies, including multiple counts of unlawful contact […]
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As private tech market heats up, PitchBook makes startup data available via ChatGPT
Thomas Fuller | SOPA Images | Lightrocket | Getty Images The private tech market has never been hotter, with companies like OpenAI, SpaceX, Anthropic and Stripe climbing to astronomical valuations. PitchBook, one of the top providers of data on startups, wants to make it easier for users to quickly access information on those companies and […]
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Nvidia deepens India footprint with $2 billion deep tech alliance to mentor AI startups
Co-founder and CEO of Nvidia Jensen Huang spoke to journalists during a trip to Beijing in July. Picture Alliance | Picture Alliance | Getty Images Nvidia will help train and mentor emerging deep tech startups in India as a founding member of a $2 billion investment alliance, deepening its presence in the world’s third-largest startup […]
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VC who bet on billion-dollar AI firm shares two red flags that stop him investing in a founder
Man and woman having a small business meeting in smart casual clothes Ippei Naoi | Moment | Getty Images One successful angel investor has revealed two red flags that prevent him from investing in a founder in the first meeting. Carles Reina is an angel investor who backed voice cloning AI startup Eleven Labs when […]
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The shark tank effect: How entrepreneurship is rising in small cities
LEAD PICTURE This report is from this week’s CNBC’s “Inside India” newsletter, which brings you timely, insightful news and market commentary on the emerging powerhouse. Subscribe here. The big story 31-year-old Aarushi Kilawat is a fashion entrepreneur from India’s Jaipur, a small city with less than 5 million residents — a far cry from Indian metropolises […]
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Ray Dalio, JPMorgan back billion-dollar berry farmer Fruitist in new $150 million funding round
Fruitist, the healthy snacking company known for its jumbo blueberries, has raised $150 million in an equity funding round led by new investor J.P. Morgan Asset Management, with billionaire Ray Dalio’s family office doubling down on its existing investment in the farming startup. The company, valued at over $1 billion, is growing distribution rapidly in […]
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