venture capitalism
Tech Libertarians Fund Drug-Fueled ‘Olympics’ Where ‘Doping’ Is a Slur
A quixotic enterprise backed by investors including oligarch Peter Thiel seeks to end discrimination against "brave" and oppressed steroid users.
An Infamous Silicon Valley VC ‘Party Animal’ Was Just Convicted of Fraud
VC Michael Rothenberg’s extravagant parties had served as inspiration for HBO’s “Silicon Valley"—but the way he spent money led to questions about if anything was amiss.
Major Tech Investor Calls Architect of Fascism a 'Saint' in Unhinged Manifesto
Silicon Valley's 'techno-optimism' cult believes we should let rich tech guys do whatever they want.
VCs Face an Existential Threat: There Are Too Many of Them
The venture industry needs to shrink to adjust to the new normal, and even the VCs themselves know it. “If you look at the industry as a whole, it's too big,” said one.
NIMBY Marc Andreessen Gives WeWork’s Adam Neumann $350 Million to, Uhh, Solve the Housing Crisis
Andreessen, who is against affordable housing in his town, is throwing money at Neumann to disrupt the rental market.
Venture Capitalists Say the Era of Recklessly Burning Cash Is Over
After a decade of funding theoretical promise and growth at all costs, VCs say careful spending, boring businesses, and solid unit economics are back in style. “We are now in an era of profitability," one said.
The Pivot to Web3 Is Going to Get People Hurt
It can feel as if the entire world is bolting on crypto tokens and NFTs. Many in the industry worry the gold rush is akin to a “collective Theranos” that’s warping the economy to the benefit of professional investors.
Lawsuit: ClassPass Built Fitness Empire on Thousands of 'Fake' Partnerships
Wellness boutiques say they dealt with angry customers, injured reputations, and potentially dangerous situations after ClassPass listed them without consent.
I Got My Stuff Back From My ‘Ex’ Using an App
Postdates is a new ‘This is a joke… right?’ way to collect your belongings without facing your former partner.
Michael Phelps Wants to DISRUPT Silicon Valley
Michael Phelps has a lot of time and money on his hands so he's going to try to burn through some of it.
Marijuana Men
The cannabis gold rush is full of aging white guys who've never smoked. Does that matter?
Who Is the Russian Billionaire Who Just Pledged $100 Million to Find Alien Life?
Yuri Milner is a venture capitalist with a scientist’s heart.