23andMe, the personal genomics company, went public in early 2021 via a merger with a blank check company that valued it at $3.5 billion. Then its fortunes began to sink. Fading interest in DNA kits – 23andMe’s main product –  was one driver. So was news last year that hackers stole ancestry data on 6.9 […]

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Al Gore has enjoyed a very successful career, including as a U.S. senator, U.S. Vice President, U.S. presidential nominee, and even Nobel Peace Prize winner in 2007 for “informing the world of the dangers posed by climate change.” This past May, he was awarded the Presidential Medal of Freedom for his lifetime of service. What […]

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Investment powerhouse BlackRock is set to launch a massive AI-focused fund, exceeding $30 billion, in collaboration with Microsoft and the Abu Dhabi-backed investment outfit MGX, the FT reported today. According to the outlet, the fund — among Wall Street’s largest — will focus on creating data centers and funding energy infrastructure to support AI. Chip […]

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Insight Partners is reportedly on the cusp of closing on more than $10 billion in capital commitments for its 13th fund, per the FT.  The FT report notes that two of Insight’s portfolio companies were acquired in the last week. One of these, the threat intelligence company Recorded Future, which sold to Mastercard for $2.65 […]

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In early 2018, VC Mike Moritz wrote in the FT that “Silicon Valley would be wise to follow China’s lead,” noting the pace of work at tech companies was “furious” and that China offered “investment opportunities in the best companies.”  Soon after, it all imploded. Worse, as the FT notes in a new piece, between […]

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OpenWeb, a New York startup whose tools help publishers engage users, has a unique problem. Its co-founding CEO reportedly won’t leave, even though it announced a new CEO. According to CTech, on Tuesday, OpenWeb’s chairman, Tim Harvey, sent an email to employees, saying he’s becoming CEO and thanking longtime CEO Nadav Shoval for his “incredible […]

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