Posts filtered by tags: Andreessen Horowitz[x]


Facebook employees had unfettered access to hundreds of millions of users' unencrypted passwords for years (FB)

Facebook employees had access to hundreds of millions of users' passwords — for years. Users' passwords were being stored in an unencrypted format, and reportedly were accessible by 20,000 workers at the company. Facebook says it hasn't found any evidence of misuse of the data. It's the latest privacy scandal to hit the besieged tech firm. Facebook stored hundreds of millions of users' passwords in a format easily readable by its employees for years, in the latest security scandal to hit the ...
Tags: Facebook, Instagram, Trends, Silicon Valley, Andreessen Horowitz, Brian Krebs, Signal, Facebook Lite, Samsung Galaxy, Krebs, Cambridge Analytica

Fintech startup Point raises $122M in latest funding round

Fintech startup Point on Wednesday announced the completion of a $122 million funding round, $22 million of which came from Series B funding led by Prudential Financial and DAG Ventures.
Tags: Technology, Investing, Radio, Point, Andreessen Horowitz, Equity, Fintech, Alex Rampell, Prudential Financial, DAG Ventures, Series B Funding, Eoin Matthews, Eddie Lim, Funding Round, HELOCs

Prudential Financial, DAG Ventures lead $122 mln round for Point

Point said March 20 that it raised $122 million Series B funding led by Prudential Financial and DAG Ventures. New investors include Financial Venture Studio and Enterprise Community Partners, while existing investors Andreessen Horowitz, Ribbit Capital, and Bloomberg Beta​ participated. Kingsbridge Wealth Management, which took part in the equity round, is providing a $100 million platform capital commitment. Point, of Palo Alto, California, buys equity in American homes. PRESS RELEASE Palo Alt...
Tags: Trends, Bloomberg, Citigroup, Airbnb, Andreessen Horowitz, Prudential, District Of Columbia, David Dunn, Pru, Lim, Palo Alto Ca, U S, Bloomberg Beta, HEI, Kingsbridge, Palo Alto California

Here are the 88 companies that launched at YC’s W19 Demo Day 2

Today was the second half of Y Combinator’s two-day Demo Day for its Winter 2019 class. Over 85 startups pitched on stage yesterday, and another huge batch launched today. Previously held at the Computer History Museum in Mountain View, this YC Demo Day instead took over a massive warehouse in San Francisco. Like yesterday’s pitches, today’s were split across two stages (“Pioneer” and “Mission”) running in parallel — so even if you were there, you couldn’t see everything alone. Here are all o...
Tags: Travel, TC, Facebook, Y Combinator, Texas, Craigslist, California, Stanford, Southeast Asia, India, Africa, Disney, US, San Francisco, Usda, Google Analytics

Meet Silicon Valley's 'China whisperer'

Connie Chan, one of the few women of color at the top of Silicon Valley, made partner at famed venture capital firm Andreessen Horowitz last year. The move was seen by many as a crucial step away from the perceived "boys' club" culture on Sand Hill Road.
Tags: China, Cnn, Silicon Valley, Andreessen Horowitz, Connie Chan

One of Facebook’s biggest strengths risks backfiring on it after 2 key execs quit (FB)

Facebook has just lost two key execs, chief product officer Chris Cox and WhatsApp chief Chris Daniels. Their departures could spark further exits at the scandal-ridden company, an analyst is warning. Facebook has a famously mission-driven culture — meaning these high-profile departures could shake others' faith in the company. Facebook was shaken last week by the departure of two key executives — and it could be a sign of darker times to come. On Thursday, CEO Mark Zuckerberg announced that ...
Tags: Facebook, Mark Zuckerberg, Trends, New Zealand, Silicon Valley, Andreessen Horowitz, Signal, Louis Vuitton, Martin, Cox, Chris Cox, Needham, Chris Daniels, Laura Martin

10 things in tech you need to know today

Good morning! This is the tech news you need to know this Monday. Tech firms scrambled to keep dozens of copies of videos showing the New Zealand mosque shooting off their platforms. YouTube, Facebook, and Twitter struggled to stop users ripping and uploading copies of the original video, and the distressing footage was easily discoverable the day after the incident. Facebook, facing huge criticism over live streaming, says it removed 1.5 million videos of the New Zealand shooting in 24 ho...
Tags: Apple, Google, Facebook, Mark Zuckerberg, Spotify, Instagram, North Korea, Trends, Andreessen, New Zealand, Andreessen Horowitz, Wall Street Journal, Alexa, Marc Andreessen, Kim Jong, Chris Cox

General Catalyst just carved out an aggressive new seed-stage program — here’s what to know

General Catalyst is diving more seriously into the business of funding seed-stage startups. To wit, the venture firm is announcing today that it plans to invest at least $25 million each year in nascent teams that “can’t be too early” for the firm to see, according to Katherine Boyle, an investor with the firm who will be spearheading the effort with two other colleagues: Niko Bonatsos and Peter Boyce, who cofounded and continues to help oversee Rough Draft Ventures, a student-focused program fu...
Tags: TC, Ipo, Tech, Venture Capital, Reid Hoffman, Andreessen Horowitz, Sequoia Capital, General Catalyst, Greylock, Sequoia, Marc Andreessen, Bryan Schreier, Boyle, Boyce, Niko Bonatsos, Katherine Boyle

A Facebook board member denied claims he met the Cambridge Analytica whistleblower 2 years before the scandal exploded

Andreessen Horowitz investor and Facebook board member Marc Andreessen has denied claims he met the Cambridge Analytica whistleblower Chris Wylie in 2016. The Observer reported that Andreessen hosted a meeting to determine how Cambridge Analytica might be misusing people's data. If true, the meeting suggests Facebook understood the extent of Cambridge Analytica's data harvesting almost two years before the scandal broke publicly. But Andreessen says he's never met Wylie, and Facebook said it h...
Tags: Facebook, Russia, Trends, Andreessen, Ted Cruz, New Zealand, Silicon Valley, Andreessen Horowitz, Donald Trump, Marc Andreessen, Business Insider, Wylie, Kogan, Cambridge Analytica, Christopher Wylie, Global Science Research

Lyft’s imminent IPO could value the company at $23B

Ridehailing firm Lyft will make its Nasdaq debut as early as next week at a valuation of up to $23 billion, The Wall Street Journal . The business will reportedly price its shares at between $62 and $68 a piece, raising roughly $2 billion in the process. With a $600 million financing, Lyft was valued at $15.1 billion in June. Lyft filed paperwork for an initial public offering in December, mere hours before its competitor Uber did the same. The car-sharing behemoths have been in a race to th...
Tags: TC, Lyft, Uber, Ipo, San Francisco, Tech, General-motors, Companies, Transport, Fidelity, The Wall Street Journal, Andreessen Horowitz, Rakuten, Initial Public Offering, Online Marketplaces, Alphabet

WI Watchlist: Foxconn Fund, UW Accelerator, MSOE A.I. Hall & More

It’s time to catch up on Wisconsin innovation news:—Jason Franklin will manage the Wisconn Valley Venture Fund, a $100 million fund formed last August by Foxconn Technology Group and three leading Wisconsin businesses and organizations: Advocate Aurora Health, Northwestern Mutual, and Johnson Controls (NYSE: JCI). Foxconn, a Taiwanese manufacturing giant, has said it’s building a massive (and controversial) electronics factory in southeastern Wisconsin.Franklin is a University of Wisconsin-Madi...
Tags: Deals, Startups, Education, Trends, Tech, It, Vc, Software, Healthcare, Nvidia, Wisconsin, Silicon Valley, Andreessen Horowitz, Cleantech, Foxconn, Life Sciences

Meet Silicon Valley's 'China whisperer'

Connie Chan, one of the few women of color at the top of Silicon Valley, made partner at Andreessen Horowitz last year after it got rid of a longstanding rule to promote her.
Tags: China, Cnn, Silicon Valley, Andreessen Horowitz, Connie Chan

Facebook, Instagram, and Messenger are down for some users (FB)

Facebook's having an outage. The Silicon Valley social network, as well as its photo app Instagram and messaging platform Messenger, went down for some users on Wednesday. Some users reported they were able to open the social network (albeit slowly) but couldn't post anything, while for others it wouldn't load at all.  DownDetector, a website where people can report outages of popular internet services, indicates there has been huge spikes in complaints about Facebook, Messenger, and Instagram ...
Tags: Amazon, Facebook, Instagram, Trends, Silicon Valley, Andreessen Horowitz, Facebook Instagram, Facebook Messenger and Instagram

137 Ventures raises $210M to give liquidity to startup employees

137 Ventures walks and talks like your run-of-the-mill venture capital fund, but a quick look under the hood exposes a different style of investing. The San Francisco-based growth-stage firm, which is today announcing its fourth fund with $210 million in committed capital, provides liquidity to founders and early employees of “sustainable, fast-growing, private companies.” In essence, 137 Ventures buys shares directly from employees at unicorn tech companies, like Palantir, Flexport and Ai...
Tags: Spacex, Elon Musk, San Francisco, Tech, Peter Thiel, Andreessen Horowitz, Hansen, Andrew Hansen, Ventures, Canvas Ventures, Justin Fishner Wolfson, Alexander Jacobson, Ching Wu, Fishner Wolfson, In essence 137 Ventures, Palantir Flexport

Andreessen Horowitz is making the move to San Francisco at long last

One of the last top-tier venture firms to resist coming to San Francisco has apparently decided that it’s time to make the move. According to a source familiar with the thinking of Andreessen Horowitz, the firm is opening up a San Francisco office later this year. The WSJ had reported on Friday that the firm has signed a leasing agreement to move into 180 Townsend Street in the city’s China Basin neighborhood, not far from where the San Francisco Giants play baseball. (The park was known until J...
Tags: TC, New York, South Park, San Francisco, Tech, Venture Capital, Silicon Valley, San Francisco Giants, Andreessen Horowitz, True Ventures, WSJ, New Enterprise Associates, Sand Hill Road, Menlo Park, Jackson Square, Townsend

Wisconn Valley Ventures taps Franklin to lead fund

Wisconn Valley Ventures has hired Dr. Jason Franklin to lead its $100 million early-stage venture fund. Dr. Franklin is a computer scientist and entrepreneur who has been a partner at Andreessen Horowitz and a venture partner at Avalon Ventures. Wisconn Valley Venture Fund will invest in the healthcare, technology, manufacturing and financial services sectors. Dr. Franklin will be based in Milwaukee and San Francisco. PRESS RELEASE MILWAUKEE, March 11, 2019 /PRNewswire/ — Advocate Aurora Health,...
Tags: Stanford, Milwaukee, San Francisco, Trends, People, Wisconsin, Andreessen Horowitz, Carnegie Mellon University, Avalon Ventures, University of Wisconsin Madison, Jason Franklin, Franklin, Northwestern Mutual, Wisconn Valley Ventures, Avalon Ventures Wisconn Valley Venture Fund, Dr Franklin

With these numbers, it’s no surprise SoftBank is investing in Latin America

Mary Ann Azevedo Contributor Share on Twitter Mary Ann Azevedo covers startups and tech at Crunchbase News. More posts by this contributor Two Austin-based VC firms are each raising $100M funds Investor momentum builds for construction tech After SoftBank announced its plans to launch a $5 billion innovation fund in Latin America, we reached out to the good folks at the Latin American Venture Ca...
Tags: TC, Column, Mexico, Softbank, US, Tech, Walmart, Austin, Colombia, Venture Capital, Andreessen Horowitz, Latin America, Movile, Nubank, Naspers, Sao Paulo

Startups Weekly: What’s up with YC? Plus, mobility layoffs and Airbnb’s grand plans

Where to begin… Netflix darling Marie Kondo is hitting up Sand Hill Road in search of $40 million to fund an ecommerce platform, Y Combinator is giving $150,000 to a startup building a $380,000 flying motorcycle (because why not) and Jibo, the social robot, is calling it quits, speaking to owners directly of its imminent shutdown. It was a hectic week in unicorn land so, I’m just going to get right to the good stuff. Changes at Y Combinator Where to begin! Not only did the prolific accele...
Tags: Travel, Startups, Lyft, Y Combinator, Japan, Texas, Money, Entrepreneurship, Finance, Softbank, Funding, San Francisco, Chief executive officer, Ceo, Economy, Austin

Power moves of the week —WarnerMedia, Andreessen Horowitz, and LendingTree

Keeping an eye on major hires and promotions is one of the best ways to understand a company's strategy.  The Org tracks executive changes at companies big and small.  Here's a snapshot of the most important executive moves of the week across media, tech and finance.  This week, former NBC executive Bob Greenblatt officially joined WarnerMedia in a newly created role where he'll oversee HBO, among other responsibilities. Read more about this and other notable executive changes: Bob Greenb...
Tags: Hbo, Nbc, US, Trends, Food And Drug Administration, Andreessen Horowitz, Warner Bros, Jeff Zucker, Fintech, Lendingtree, Kevin Tsujihara, Lee, U S Food and Drug Administration, Bob Greenblatt, Trump White House, Gottlieb

Huawei sues America as SoftBank spends more money

Today, a bunch of analysis on stories we have been covering the last few weeks. You’re reading the Extra Crunch Daily. Like this newsletter? Subscribe for free to follow all of our discussions and debates. SoftBank wants to spend more billions Kiyoshi Ota/Bloomberg via Getty Images Three inter-related stories today on SoftBank and its Vision Fund. First, an analysis from my Bangkok-based colleague Jon Russell, who notes that controversies surrounding the murder of journalist Jamal Khashoggi ...
Tags: Transportation, Lyft, Asia, Europe, Japan, New York, Congress, Saudi Arabia, Finance, Government, China, Southeast Asia, India, Softbank, Africa, US

Cancer drug developer Erasca amasses $64 mln

San Diego-based Erasca, a cancer drug developer, has raised $64 million in Series A financing round. The investors included ARCH Venture Partners, Andreessen Horowitz and Reneo Capital. Source: Press Release
Tags: Trends, San Diego, Andreessen Horowitz, VC Deals, Erasca

Getting Credit

Last night CBS 60 Minutes aired a piece about the gender gap in tech and left out a number of important efforts to close the gap. My friend Rob Underwood tweeted this out about that piece: I admire work of my friend @hadip & the org he started, @codeorg. But the incredible, brave (!) @reshmasaujani is absolutely right. Having had a chance to work a bit w/ #CSForAll movement, @60Minutes leaving out contribs of @GirlsWhoCode, @NCWIT, @BlackGirlsCode is unconscionable—...
Tags: Trends, USV, Life Lessons, Cbs, Rob, Andreessen Horowitz, Fred Wilson, Reshma, Rob Underwood

Andreessen Horowitz hires its 15th general partner

Andreessen Horowitz, a venture capital fund behind the likes of Facebook, Instagram and Groupon, has tapped David George as its newest general partner and its first top dealmaker focused on late-stage deals. George joins from General Atlantic, where he’d backed consumer internet, enterprise software and fintech startups as a principal since 2012. “Andreessen has always been a multi-stage investment firm, but really the opportunity here is for [me] to be the first focused late-stage investo...
Tags: Groupon, Tech, Andreessen, Atlantic, Andreessen Horowitz, George, Sean, Facebook Instagram, Scott Kupor, Kupor, David George, Connie Chan, Angela Strange, David George At a16z George, Katie Huan, Shonda Rhimes Jada Pinkett Smith

Transportation Weekly: Polestar CEO speaks, Tesla terminology, and a tribute

Welcome back to Transportation Weekly; I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch . This is the fourth edition of our newsletter, a weekly jaunt into the wonderful world of transportation and how we (and our packages) move. This week we chat with Polestar CEO Thomas Ingenlath, dig into Lyft’s S-1, take note of an emerging trend in AV development, and check out an experiment with paving. Oh, and how could we forget Tesla. Never heard of TechCrunch’s Transp...
Tags: Google, Android, Transportation, Lyft, New York, China, India, Cars, Toronto, Tech, Tesla, Car, Austin, Netflix, Canada, Automotive

How Technology Can Make Builders More Relevant Now

How Technology Can Make Builders More Relevant NowTo stay relevant in the changing landscape, builders must embrace technology. Here’s a closer look at the threats, opportunities and obligations of PropTech.The evolution of home ownership is happening. The question is, are builders ready to show up and compete in the changing landscape?A lot of high-level trends are being incorporated in builder communities, which isn’t a new occurrence. However, the technology piece benefiting the consumer and ...
Tags: Google, Amazon, Startups, Wisdom, Tech, Tesla, Austin, Netflix, Gm, Venture Capital, Andreessen Horowitz, Alex Rampell, Barnes, Austin TX, Real-estate, Austin Startups

Startups Weekly: Lyft’s S-1, cash for fertility startups and litigious VCs

Startups reporters everywhere rejoiced Friday morning when the first unicorn S-1 of 2019 emerged from under lock and key for us all to unpack, analyze and enjoy. The TechCrunch office, at least Megan Rose Dickey’s and my corner, was buzzing with excitement, and Crunchbase News editor-in-chief, (my Equity co-host), apparently had to make himself a cup of Earl Grey tea to calm down post-S-1 deep dive. I’ve already said a lot about the filing on Equity’s latest episode, available here, and in my st...
Tags: Startups, Lyft, Uber, China, Softbank, San Francisco, Startup, Tech, General Motors, Beijing, Venture Capital, Fidelity, Silicon Valley, WeWork, Andreessen Horowitz, Rakuten

This presentation from an Andreessen Horowitz partner shows how humans and artificial intelligence can work together to create a brighter future

The future of artificial intelligence is often painted as a scary one.  Robots threaten to replace millions of jobs. And with technology all around us, personal privacy may soon be a thing of the past.  But as Andreessen Horowitz Partner Frank Chen pointed out in his talk at the a16z Summit in November, advancements in AI and machine learning can actually impact our lives positively if companies act responsibly.  Below is Frank Chen's full presentation, entitled: "Humanity + AI: Better Togethe...
Tags: Trends, Andreessen Horowitz, Chen, Frank Chen, Rwanda Good

Lyft unveils its S-1 and nearly $1B in 2018 losses

The day has finally come. U.S. ridehailing giant Lyft has unveiled its S-1, the official document required by the Securities and Exchange Commission to go public. The San Francisco-headquartered business will debut on the Nasdaq stock exchange under the ticker symbol “LYFT.”  JPMorgan Chase & Co., Credit Suisse Group AG and Jefferies Financial Group Inc. will lead the initial public offering expected to value Lyft at upwards of $20 billion, a significant leap from its most recent private v...
Tags: Fundings & Exits, Transportation, Lyft, Finance, San Francisco, Tech, General Motors, Companies, United States, Credit Suisse, Venture Capital, Fidelity, Andreessen Horowitz, Financial Services, Rakuten, Nasdaq

GIC took part in Coinbase’s $300 mln fundraise in 2018: Bloomberg

GIC Pte, Singapore’s sovereign wealth fund, was among investors that helped Coinbase raise $300 million last year, Bloomberg reported. GIC’s involvement in the fundraise wasn’t previously reported, the story said, noting that Tiger Global Management, Wellington Management and Andreessen Horowitz participated in the round.  
Tags: Singapore, Trends, Bloomberg, Andreessen Horowitz, Coinbase, GIC, VC Deals, GIC Pte, Tiger Global Management Wellington Management

ThirdLove, the direct-to-consumer lingerie startup, gets a $55M boost

Direct-to-consumer startups — making products that leverage the internet to bypass third-party marketplaces and retailers to engage with and sell directly to their customers — have been one of the biggest categories of growth in the world of e-commerce, and today one of the startups that helped create and prove the model is announcing a big round of funding to take its business to the next stage. ThirdLove, which started with bras and now makes and sells a variety of lingerie and underwear cater...
Tags: Google, TC, Facebook, Youtube, US, Tech, Aol, Alibaba, Victoria, Andreessen Horowitz, Susan Wojcicki, Lvmh, Yuri Milner, Felicis Ventures, Tim Armstrong, Anne Wojcicki