It was the resignation heard across the world. Jensen Huang, Nvidia’s embattled CEO who co-founded and led the company for 33 years, had officially stepped down. “It’s like a bomb went off,” one neocloud founder told TechCrunch when he first heard the news. Over the last several years, Nvidia has been a prolific investor, pouring
The limited partners who provide the capital to venture firms — the “money behind the money” — are feeling great right now. They’re in uncharted territory in many ways, but also potentially exceedingly lucrative territory. Normally, LPs typically spread their bets across many firms to diversify their own portfolios. They write checks to emerging managers
Many investors stand to win big when Anthropic goes public. Stakes held by firms including Menlo Ventures, Sequoia, Sound Ventures, and Spark Capital are expected to return billions. Yet according to Anthropic’s S-1, none of those VC firms owns 5%, the threshold for being included in the principal stockholders’ table. That’s highly unusual. In a
It was the day after the Fall Equinox, and we were partying on a rooftop, pulling tarot cards about our love lives. The location might surprise you: a venture capital firm’s office overlooking the Manhattan skyline. Wait, what’s astrology got to do with venture capital? We were at a launch party for a social-astrology app
Another Y Combinator Demo Day took place on Thursday, but this batch looked a little different. While every cohort brings a fresh wave of founders, the startups presenting this week skewed far more toward deep tech than in past years. As we do every quarter, TechCrunch asked early-stage VCs to name the hottest startups in
Collaborative Fund, the 15-year-old, New York-based generalist venture firm that has roughly $1 billion under management and which made early bets on Lyft, Reddit, Sweetgreen, and Olipop, among others, is taking a stake in the soccer club D.C. United and its stadium, Audi Field. It’s the latest — and smallest — firm to try something
