“When an investor passes on you, they will not tell you the real reason,” said Tom Blomfield, group partner at Y Combinator. “At seed stage, frankly, no one knows what’s going to fucking happen. The future is so uncertain. All they’re judging is the perceived quality of the founder. When they pass, what they’re thinking […]
TechCrunch Minute: How Headspin’s founder fraudster almost get away with lying to investors
News that the former founder of HeadSpin is headed to prison for fraud was further evidence that the last boom in the paired worlds of startup and venture capital led to more than just a little bit of fraud. Manish Lachwani, founder in question, is getting prison time and a massive fine for lying to […]
Cherub, an angel investing community inspired by dating apps, entices investors and founders to pair up
Jaclyn Johnson and Angeline Vuong were on a hike deliberating how hard it can be for people to get started in angel investing when they realized they had stumbled upon a startup idea. Today they are the co-founders of Cherub, a marketplace that pairs angel investors with entrepreneurs. Vuong spent nearly five years working in […]
Investors and founders can meet their match with Cherub, the ‘Raya of angel investing’
Jaclyn Johnson and Angeline Vuong were on a hike deliberating how hard it can be for people to get started in angel investing when they realized they had stumbled upon a startup idea. Today they are the co-founders of Cherub, a marketplace that pairs angel investors with entrepreneurs. Vuong spent nearly five years working in […]
Investors are growing increasingly wary of AI
After years of easy money, the AI industry is facing a reckoning. A new report from Stanford’s Institute for Human-Centered Artificial Intelligence (HAI), which studies AI trends, found that global investment in AI fell for the second year in a row in 2023. Both private investment — that is, investments in startups from VCs — […]