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Andy Alder and Arjun Mather were Stanford roommates who both studied computer science before spending a decade at Palantir. Alder led product design for a team of 800 people building software for U.S. defense and intelligence agencies, while Mather served as a senior vice president in the company’s commercial practice. When the friends decided to…
Following a Bloomberg report that the Department of Justice is investigating venture firm Andreessen Horowitz for holding board seats with rival AI companies, VCs told TechCrunch that they were baffled. On the latest episode of the Equity podcast, Kirsten Korosec, Sean O’Kane, and I were similarly puzzled by the news. Yes, VC conflicts-of-interest are worth…
Travis Kalanick’s robotics company, Atoms, has raised $1.7 billion in a funding round led by Andreessen Horowitz. Ben Horowitz will join the company’s board following the investment. Bain Capital, Fifth Wall, and others participated in the round. Perhaps most notably, Uber also joined the funding round, re-connecting Kalanick with the company he founded — and…
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…