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Oskar Block has never been able to stay away from entrepreneurship for long. He was just 18 when he launched his first startup, building machine learning models for sports betting. “I’ve always been drawn to solving difficult data problems,” he told TechCrunch. He went on to consulting, where he helped companies with their AI integration…
One of the most entertaining moments in VC this week was a piece of rage-bait marketing from General Catalyst. In a now-viral post on X that parodies the old Mac vs. PC commercials, the venture firm — better known as GC — posted a “VC vs GC” video on Wednesday. The VC was played by…
Swedish startup Pit may have gained notice for some rage-bait social media posts, but it has also become another Stockholm AI startup to watch. Pit is led by the co-founders of European scooter giant Voi, including Voi CEO Fredrik Hjelm. He is joined by former iZettle and Klarna engineers. And it is now backed by…
Former Andreessen Horowitz investor Katie Haun announced on Monday in a press release that her firm has raised $1 billion across new funds to continue its thesis of backing crypto and blockchain. The capital will be spread across startups at early and later stages, Bloomberg reported, and, within the crypto and blockchain space, it will be…
Kalshi, a prediction market that allows people to bet on future events, announced that it raised over $300 million at a $5 billion valuation. The company’s value has increased 2.5x since its last fundraise just three months ago, when it was valued at $2 billion. The fresh capital came from Kalshi’s existing investor, Sequoia Capital, with…
Venture capital firm Andreessen Horowitz (a16z) has pushed back on local media reports suggesting it plans to open an office in India, with a general partner calling the coverage “entirely fake news.” Earlier on Thursday, Indian media outlets reported that a16z was preparing to establish a physical presence in the country by setting up an…
Andreessen Horowitz’s plan to push its agenda in Washington shows no sign of slowing down, with the firm reporting $1.49 million in federal lobbying so far this year, according to lobbying records filed with Congress. a16z is even narrowly outspending its own industry trade group, the National Venture Capital Association. The pace of lobbying appears…
Venture capitalist Marc Andreessen sharply criticized universities including Stanford and MIT, along with the National Science Foundation, in a group chat with AI scientists and Trump administration officials, according to screenshots viewed by the Washington Post. According to the Post, Andreessen described MIT and Stanford (which I attended two decades ago) as “mainly political operations…
Cluely, an AI startup that uses a hidden in-browser window to analyze online conversations, has shot to fame with the controversial claim that its ‘undetectability’ feature lets users “cheat on everything.” The company’s co-founder, Roy Lee, was suspended from Columbia University for boasting that he used Cluely, originally called Interview Coder, to “cheat” on a…
When Cluely, a startup claiming to be building a product that helps people “cheat” on everything, announced that it raised a $15 million Series A financing round from Andreessen Horowitz, some people on X criticized the VC firm for backing the controversial company. After all, Cluely isn’t just offering a product that may have questionable…