Venture Capital

Social Capital adds a new partner to the mix: Mike Ghaffary

 If you’ve worked in tech in the Bay Area over the last decade or more, you quite possibly know Mike Ghaffary, a USC grad who nabbed both his MBA and JD from Harvard before beginning to work his way through a number of well-known institutions. Read More

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

Database provider MongoDB has filed confidentially for IPO

 MongoDB has filed confidentially for IPO, sources tell TechCrunch. The company has submitted an S-1 filing in the past few weeks and is aiming to go public before the end of the year. New York-based MongoDB helps companies including Adobe, eBay and Citigroup manage databases. Some of its offerings include its name-bearing MongoDB open source database and the Atlas database-as-a-service… Read More

Uber shareholder group asks Benchmark to step down from board following Kalanick suit

 In what is rapidly devolving into an all-out brawl on the board of the world’s highest-valued private company, a group of Uber shareholders have asked the venture capital firm Benchmark to step down from the board of directors. This move comes only a day after Benchmark took the aggressive step of filing suit against Uber’s former CEO Travis Kalanick. Read More

What was Benchmark thinking?

 Yesterday, Benchmark, the powerful venture firm and a major Uber shareholder, filed a lawsuit against the company’s recently ousted CEO Travis Kalanick in a remarkable move. The suit seeks to remove Kalanick from the board, while eliminating three additional board positions that it says Kalanick sought (and won) approval for last year, partly by withholding crucial information from… Read More

Benchmark sues former Uber CEO Travis Kalanick

 Benchmark, the Silicon Valley venture firm and early investor in Uber, has sued former CEO Travis Kalanick. In a Delaware Chancery Court filing, originally identified by Axios’ Dan Primack, the suit alleges that Kalanick committed fraud, breach of contract and breach of fiduciary duty. Both Kalanick and Benchmark hold Uber board seats. Read More

betaworks ventures is a not-so-new $50 million early-stage fund

 betaworks, the startup studio responsible for companies like Giphy, TweetDeck, and Dots, is today formally announcing the launch of a $50 million early-stage fund called betaworks ventures. betaworks ventures has actually been active in the marke...

Meet the first eight startups in the Verizon Media Tech Venture Studio

 Verizon Ventures and R/GA are kicking off the first round of their digital media “venture studio” and unveiling the first lineup of startups. The program was announced back in March, with the goal of helping Verizon find innovation in media and advertising. The company says startups will be connecting — and potentially partnering with — its teams at Oath (the digital… Read More

Mamoon Hamid is heading from Social Capital to Kleiner Perkins

 Mamoon Hamid, a longtime partner at U.S. Venture Partners who went on to cofound Social Capital with Chamath Palihapitiya in 2011, is reportedly moving on to Kleiner Perkins Caufield & Byers. According to Axios, Hamid will focus on early-stage tech investments, with a focus on enterprise software. A formal announcement is reportedly forthcoming. We’ve reached out to Hamid, whose… Read More