Valor, Point72 back General Intuition at $6B valuation as AI startup pushes into robotics

New York-based General Intuition, the startup building a foundation model that trains generalized AI agents to move through space and time, is in talks to raise funding at a $6 billion pre-money valuation from new investors including Valor Equity Partners, Point72 Ventures, and Seven Seven Six, according to sources familiar with the matter. Existing investors…

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Will the DOJ’s investigation into a16z spook other VCs?

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…

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Why is the DOJ investigating Andreessen Horowitz’s board seats?

Andreessen Horowitz has two partners sitting on the boards of companies that now compete with each other: Ben Horowitz at Databricks and Martin Casado at Fivetran. Nothing too scandalous on the surface, except the Department of Justice has reportedly been investigating the arrangement for almost a year, dusting off a 112-year-old antitrust law that’s rarely used against VCs.  Board conflicts aren’t exactly new, and these companies weren’t necessarily direct competitors when a16z first invested…

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