Finance

Geoff Lewis has left Founders Fund to start his own fund

 Geoff Lewis has left Founders Fund, where he was partner, and is starting a venture fund of his own. This means he’ll no longer be working with Peter Thiel, directly anyway. Founders Fund will be one of his LPs. The news was first reported by Bloomberg, which said that he intends to raise more than $100 million for the new fund. We understand that the exact amount has not been… Read More

Google needs to pay Apple a small fortune to remain the default search engine on iOS

 Apple and Google could be the biggest frenemies in tech. While they both compete like there’s no tomorrow, they also partner on some very specific deals. For instance, Google is paying a ton of money to remain the default search engine on iOS. As CNBC first reported, according to a Bernstein analyst, Google could pay as much as $3 billion a year just to remain the default option in… Read More

Teenage bitcoin millionaire is back with a better Botangle

 Erik Finman gained notoriety and a certain fame as a 14-year-old entrepreneur and bitcoin investor who’d managed to turn a $1,000 investment in the cryptocurrency into more than a million dollars and a chance to never see the inside of a college institution. Now, several years after its sale, Finman is buying back his original startup: Botangle. Read More

Bitcoin Surged to a New High Adding $17 Billion in Just Over a Week

The cryptocurrency price hit a record $4,500 early Thursday.

Andrew Ng is raising a $150M AI Fund

 We knew that Andrew Ng had more than just a series of deep learning courses up his sleeve when he announced the first phase of his deeplearning.ai last week. It’s clear now that the turn of Ng’s three part act is a $150 million venture capital fund, first noted by PEHub, targeting AI investments. Ng, who formerly founded Google’s Brain Team and served as chief scientist at… Read More

Snap’s Incredible, Vanishing Pile of Cash

Its IPO left cash on the table that it desperately needs.

The Era of ‘Founder-Friendly’ Startup Investing Is Over

After Uber's missteps, venture capitalists are rethinking the trend.

The US Government must work with tech companies if it wants to remain competitive in AI

 U.S. Secretary of Defense James Mattis is concluding his tech tour of the West Coast today with a visit to Google’s Mountain View campus. Mattis spent time at Amazon and the Defense Innovation Unit Experimental, earlier in the week. His key takeaway from all the socializing with tech leaders is that the Department of Defense needs to embrace technology coming out of the private sector… Read More