By Rodney Williams January 12, 2024 Sam Bankman Fried, former founder and CEO of cryptocurrency exchange FTX, was found guilty of wire fraud, conspiracy, and stealing as much as $10 billion in customer money. Elizabeth Holmes, founder of Theranos, is serving an 11-year sentence for fraud and conspiracy over false claims she made to … Continue reading Op-ed: Why do VCs fund founders like Sam Bankman-Fried and Elizabeth Holmes but not Black entrepreneurs?
By Chris Morris November 17, 2023 After a shockingly successful 2021 and a mixed 2022, the party seems to have truly come to an end for startups and venture capitalists in 2023. And while the doomsday economic scenarios many expected at the start of the year failed to materialize, the continued sense of malaise after … Continue reading Venture capital’s 2023 bloodbath, by the numbers
By Jessica Bursztynsky March 05, 2023 The pandemic broadly accelerated innovation and interest when it came to the health and wellness sector. Suddenly, consumers were more interested than ever in gaining more insight into their bodies and minds, and investors tapped in to that growth. As a result, funding soared and companies flourished. … Continue reading VCs explain why the health and wellness landscape could see more M&A activity in 2023
By Megan Morrone December 11, 2022 MrBeast (née Jimmy Donaldson), creates videos of himself counting to 100,000, tipping his pizza delivery guy a house, and burying himself alive. The No. 1 YouTube star also runs a delivery-first restaurant chain, MrBeast Burger; his Feastables line of snacks launched in January and has already amassed more … Continue reading MrBeast’s billion-dollar business and the real reason VCs want to invest
Low-Risk Participation Frameworks Democratize Venture Capital Markets, Bring Retail Investors Onboard Hatu Sheikh / 26 Aug 2022 The venture capital (VC) market is undoubtedly the backbone of the global startup ecosystem, helping thousands of entrepreneurs yearly. In 2021 alone, venture capitalists invested a record-breaking $ 621 billion in startups worldwide—a 111% increase from $ … Continue reading Low-Risk Participation Frameworks Democratize Venture Capital Markets, Bring Retail Investors Onboard
By Clint Rainey August 24, 2022 Jamie Earl White grew up in a rural Texas town near Uvalde where there was a clear resources divide between “the ranching class and the non-ranching class.” As an MIT student, he took careful notes during Occupy Boston and helped lead the “Justice for Janitors” campaign—a lesson … Continue reading ‘We still have a lot to prove’: VC-backed union startup responds to skepticism around its model
By Porter Braswell August 09, 2022 Did you ever have to write a letter to your younger self at school? It’s a humbling feeling to look back and wonder what you wish you could have communicated to your past self. As I develop my next venture, 2045 Studio, I realize how much more I … Continue reading Black founders only receive 1.4% VC funds—here’s how to change that
By Nate Berg June 17, 2022 Black-founded startups have seen record amounts of investment recently, with quarterly funding commitments nearing or even topping $1 billion. But according to new data from Crunchbase, VC funding has dropped significantly in the second quarter of 2022, down to just $324 million. Only 100 startups with a … Continue reading After a brief streak, venture capital has ditched Black startups
By Connie Lin April 07, 2022 What does retail look like in Web3? That’s the question Imaginary Ventures–a four-year-old venture capital fund behind buzzy brands like Glossier, Everlane, Reformation, and Stripe–is trying to answer as it moves into the future of consumerism. Today, Imaginary is revealing its third fund raise, which totals $500 million … Continue reading Imaginary Ventures is looking to Web3 for the next Glossier or Everlane
