A fight is brewing between two machine intelligence startups, and neither side looks all that smart

A fight is brewing between two machine intelligence startups, and neither side looks all that smart

Sometimes, reading a lawsuit, it’s tempting to pick sides, to judge who is more right than wrong based on its contents. But a new lawsuit involving two venture-backed companies — both of which are rooted in machine intelligence — makes both sides sound surprisingly careless given their line of work. The plaintiff is Quid, a Read more about A fight is brewing between two machine intelligence startups, and neither side looks all that smart[…]

Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors

Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors

It’s getting bare-knuckled out there again in the ride-hailing wars. According to a report earlier today from The Information, newly public Lyft threatened Morgan Stanley with legal action earlier this week, demanding in a letter that the powerful investment bank stop marketing a short-selling product that it believed was disrupting trading in its stock. It Read more about Morgan Stanley — which is underwriting Uber’s IPO — is denying reports that it marketed a short-selling product to Lyft investors[…]

In San Francisco, a fight over a homeless shelter shines a harsh light on a conflicted population

In San Francisco, a fight over a homeless shelter shines a harsh light on a conflicted population

As of 2017, there were roughly 7,000 people living without homes in San Francisco, a number that comprises minors — a lot of them. The San Francisco Unified School District estimates that as of 2017, roughly 2,100 of the children in the school system were homeless —  a number that it said looked to be Read more about In San Francisco, a fight over a homeless shelter shines a harsh light on a conflicted population[…]

Former NEA partner Jon Sakoda takes the wraps off his new, Cisco-backed venture fund, Decibel

Former NEA partner Jon Sakoda takes the wraps off his new, Cisco-backed venture fund, Decibel

Jon Sakoda needed to decompress, he says. The founder-turned-venture investor had logged a dozen years with the investing heavyweight New Enterprise Associates after selling his last startup to Symantec in 2006, and what he wanted by last summer was more time with his kids, and less time with his phone, which he turned off for Read more about Former NEA partner Jon Sakoda takes the wraps off his new, Cisco-backed venture fund, Decibel[…]

These ad execs have a venture fund they’d like to sell you

These ad execs have a venture fund they’d like to sell you

Mike Duda comes from the world of advertising. In fact, he spent 13 years at the renowned ad agency Deutsch, becoming the youngest partner in the company’s history until another creative, Brent Vartan, came along and stole the title. Little wonder that in 2010, when Duda struck out on his own to create Bullish (formerly Read more about These ad execs have a venture fund they’d like to sell you[…]

Lee Fixel is leaving Tiger Global

Lee Fixel is leaving Tiger Global

Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at the end of June, the firm announced today in a letter sent to clients and seen by Reuters. Scott Shleifer and Chase Coleman will continue as co-managers of the portfolios Fixel has overseen, with Shleifer taking over as its head, according Read more about Lee Fixel is leaving Tiger Global[…]

Personalized wine? This Milwaukee company just raised $8.5 million to prove it’s the future

Personalized wine? This Milwaukee company just raised $8.5 million to prove it’s the future

Wine buying is daunting for most people, whether it’s online or off a menu or in an aisle filled with so many brands that it’s hard not to buy the same products time after time, just to stay sane. Therein lies the opportunity for Bright Cellars, a nearly four-year-old, 40-person Milwaukee, Wisconsin-based startup that sells Read more about Personalized wine? This Milwaukee company just raised $8.5 million to prove it’s the future[…]

Minnie Ingersoll, co-founder of the fast-growing car marketplace Shift, just became a VC in LA

Minnie Ingersoll, co-founder of the fast-growing car marketplace Shift, just became a VC in LA

Minnie Ingersoll has already had an enviable career. After 12 years at Google, working as product manager and later principal with Google.org, she co-founded the venture-backed online car marketplace Shift in 2013, then she left to join the nonprofit Code for America, where she learned entirely new skills, including managing finance and marketing and recruiting. Read more about Minnie Ingersoll, co-founder of the fast-growing car marketplace Shift, just became a VC in LA[…]

Precursor Ventures just raised a second fund to zero in on pre-seed-stage startups

Precursor Ventures just raised a second fund to zero in on pre-seed-stage startups

Precursor Ventures, a 3.5-year-old, seed-stage investment firm in San Francisco, just closed its second fund with $31 million in capital commitments, roughly double what it raised for its debut effort in 2017. Somewhat amazingly, it has 75 portfolio companies to show from that first fund, and many more that it has been quietly funding with Read more about Precursor Ventures just raised a second fund to zero in on pre-seed-stage startups[…]

Steve Jurvetson tells all: about his new $200 million fund, his new partner, his new shopping list, and more

Steve Jurvetson tells all: about his new $200 million fund, his new partner, his new shopping list, and more

Steve Jurvetson is staging a comeback, disclosing today that his new San Francisco-based, early-stage venture firm Future Ventures, has raised $200 million for its debut fund. “It’s good to be back in the saddle again,” says Jurvetson, whose career was somewhat famously derailed in the fall of 2017 when a former girlfriend wrote a Facebook Read more about Steve Jurvetson tells all: about his new $200 million fund, his new partner, his new shopping list, and more[…]