Once hailed as a dotcom pioneer, Julie Meyer faces allegations of fraud and mismanagement across multiple failed ventures. Investors and former staff claim millions were lost, citing unpaid wages, debts, and misappropriated funds, leading to a trail of controversy from London to Malta.
SpaceX CEO Elon Musk has appointed Roelof Botha, a longtime associate and managing director at venture firm Sequoia, to the company's board as an independent director. Botha, who previously worked with Musk at PayPal and is also from South Africa, joins SpaceX's eighth board member.
Venture capitalist Chi-Hua Chien believes AI's biggest winners will be application companies, not AI sellers, citing historical tech cycles. He notes AI's increasing accessibility and the growing importance of hyper-personalization in driving engagement and revenue. Chien also explains why Western consumers are hesitant to merge social and financial lives in a single app.
Prime Minister Narendra Modi and French President Emmanuel Macron launched 'Bharat Innovates 2026' in Nice, highlighting India's role as a global solutions provider. The event showcased 120 deep-tech startups and attracted over 500 investors, with nearly $20 million in new commitments. The leaders emphasized bilateral cooperation in AI, climate change, and civil nuclear energy.
Early investors in SpaceX, including Ron Baron, ARK Invest, and Fidelity, are set to realize enormous paper gains from the company's anticipated $1.8 trillion IPO. These investors backed the company when its valuation was significantly lower, benefiting from its growth and tight control over share ownership.
The Financial Supervisory Service (FSS) announced it held a briefing session for a venture capital platform aimed at bridging information asymmetry between innovative companies and securities firms/VCs. The platform, co-developed with Naver Pay, is slated for launch in July to facilitate productive finance by expanding information sharing in the venture capital market.
New York City ranks first globally for financial services talent, excelling in labor index and VC funding. However, the industry's center of gravity is shifting east, with Asia-Pacific cities like Shanghai, Beijing, and Hong Kong showing significant growth.
Anthropic released Fable 5, a powerful AI model, raising concerns among crypto users about potential misuse for malicious purposes, despite embedded safeguards. Experts debate the actual threat to DeFi protocols.
Over 90 venture capital firms have invested in both OpenAI and Anthropic, despite the AI labs being fierce competitors, reflecting the venture capital industry's shift towards diversification in a high-stakes, uncertain market.
Prosecutors requested a 5-year prison sentence for a 43-year-old venture capital CEO accused of stock manipulation, embezzlement, and obstructing justice by fabricating a non-existent person to take responsibility. The court will deliver the verdict on July 14.
Hong Kong Investment Corporation (HKIC) CEO Clara Chan reported a double-digit internal rate of return for 2025, surpassing many venture capital funds. The company earned HK$2.3 billion in 2024 and has invested nearly all its available funds, prompting a request for additional government funding.
As AI computing demands outpace traditional copper interconnect capabilities, photonics (light-based tech) gains investment and attention for its lower-loss optical links, with China's Yuanjie Technology seeing an 11x stock surge.
AgiLink, a Chinese start-up, reaches unicorn status in less than 150 days after completing four funding rounds.
Venture capitalist Steve Jang predicts AI will displace white-collar workers who don't adapt, while blue-collar jobs face outright replacement. He advocates for open-source AI and emphasizes 'Heung' (excitement/energy) over traditional 'Han' (resentment) for startup success.
Venture capitalist Chamath Palihapitiya cautioned PwC and Accenture against deep AI partnerships, warning they could foster future competitors like OpenAI and Anthropic. He noted AI firms use these alliances to strengthen themselves while entering the consulting market, potentially disrupting the firms they work with.
Stanford grad Theo Baker, who broke the story leading to the university president's resignation, discusses his new book "How to Rule the World." The book explores Stanford's relationship with venture capital and a hidden system for identifying future tech leaders.
Reed Jobs' venture capital fund, Yosemite, managing over $1bn, is seeking UK investment for oncology startups. Inspired by his father Steve Jobs' death, the fund focuses on gene therapy, cancer vaccines, and AI to make cancer treatable.
Anthropic is hiring an 'Applied AI Claude Evangelist' to drive adoption of its chatbot Claude among VCs, startups, and accelerators, with a focus on developer enablement and ecosystem development.
Government has opened highway project bids to venture capital, private equity, infrastructure, and pension funds, a significant policy change. This move aims to attract substantial private investment by allowing these financially robust entities to partner with experienced construction firms.
Atlantic writer George Packer discusses how tech venture capitalists, who are heavily invested in AI and cryptocurrency, aligned with Trump and influenced policies related to their own investments.
Venture capitalist Chamath Palihapitiya believes Elon Musk is the only trustworthy figure to control advanced artificial intelligence. Speaking on Joe Rogan's podcast, Palihapitiya argued Musk's grander vision for humanity, including Mars colonization, makes him less susceptible to corruption than other tech leaders driven by profit motives. Rogan concurred, calling Musk 'independent thinking'.
A Guardian investigation has found that more than £50m of UK taxpayer money from the Advanced Research and Invention Agency (ARIA) has gone to 14 US tech companies and venture capital groups over the past two years. The agency, created by Dominic Cummings to fund "crazy" ideas and restore Britain's scientific superpower status, has faced criticism over its international spending. One recipient, Rain Neuromorphics (backed by Sam Altman's OpenAI), was reportedly near collapse last year after receiving ARIA funding. ARIA maintains over 80% of funding goes to UK-based teams, but critics including the Commons science and technology committee chair Chi Onwurah question how US venture capital investments meet the agency's legal requirement to benefit the UK.
A16z has submitted a letter to the CFTC supporting its authority over prediction markets, arguing that state-level regulatory interference creates barriers to impartial access and liquidity. The firm advocates for federal oversight to supersede state-level bans on platforms.
Hong Kong has made “significant” progress in its bid to transform itself into a technology hub, according to a Chinese venture capital investor, whose firm was recently selected by the city to invest in local start-ups under a HK$2 billion (US$250 million) government initiative. “You can see fundamental, significant changes are indeed taking place,” said Steve Sun, founding managing partner of Dalton Venture, in an interview on Thursday. “I believe that over the next decade, Hong Kong can...
