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Most-Active US Investors In May: Andreessen Horowitz And General Catalyst Lead Month With A Lot Of Big Rounds
07 Jun

Most-Active US Investors In May: Andreessen Horowitz And General Catalyst Lead Month With A Lot Of Big Rounds

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This is a monthly feature that runs down some of the most-active investors in U.S.-based companies, looks at some of their most interesting investments, and includes some odds and ends of who spent what. See April’s most-active startup investors here. Similar to April, big-named investors dominated investing in U.S.-based startups last month. Andreessen Horowitz, General Catalyst, Sequoia Capital, Khosla Ventures, Founders Fund and Alumni Ventures led the way in the number of deals, although only a16z hit double digits, with 10 investments. Just a couple of years ago it was not uncommon for firms to need a dozen or more…
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Western weapons are getting to Ukraine’s front lines. Soldiers say it’s not enough yet to tip the balance.
07 Jun

Western weapons are getting to Ukraine’s front lines. Soldiers say it’s not enough yet to tip the balance.

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Western military aid is reaching Ukrainian soldiers on the front line, but not at a scale that enables Ukraine to challenge Russia's artillery advantage.Ukrainian troops in Vovchansk, in Ukraine's northeastern Kharkiv region, told The Telegraph that ammunition had started to reach their lines after the long US aid hiatus ended, but that they were still being outmatched by Russia."If we use 10 shells, they send 50 back," one artillery gunner told The Telegraph."Even if we receive the shells, our artillery barrels are old and worn out." Russia started a new offensive in Kharkiv last month, and it has become one…
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India’s once-hot startup Byju’s was valued at $22 billion. Now, HSBC and BlackRock say it’s worth nothing.
07 Jun

India’s once-hot startup Byju’s was valued at $22 billion. Now, HSBC and BlackRock say it’s worth nothing.

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In another blow to education tech giant Byju's, HSBC and BlackRock have both slashed their valuations of the once-hot company down to zero in recent months.In 2022, the education tech company said it raised $800 million at a $22 billion valuation.BlackRock was the first investor to publicly signal the company's troubles. In a first-quarter summary for some of its funds, the asset manager valued its stake in Byju's at $0, a number that has not been previously reported. In October, BlackRock slashed its valuation of the startup to less than $1 billion, TechCrunch reported.BlackRock invested in Byju's parent Think &…
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Some Tesla shareholders say diverting Nvidia chips is further proof that Elon Musk doesn’t deserve a multibillion-dollar pay package
07 Jun

Some Tesla shareholders say diverting Nvidia chips is further proof that Elon Musk doesn’t deserve a multibillion-dollar pay package

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Several institutional shareholders of Tesla told Business Insider that Elon Musk's decision to redirect a shipment of valuable Nvidia chips away from the EV company is further proof the CEO doesn't deserve a multibillion-dollar pay package.In May, a group of eight Tesla shareholders wrote a letter urging other investors to vote against Musk's compensation package. The group is just one faction of a growing number of investors who said they plan to vote against the deal.This package, now roughly worth $46 billion, was struck down in January by Delaware Chancery Court Chancellor Kathaleen McCormick, who said that the process to…
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British Startups Just Can’t Seem to Scale
07 Jun

British Startups Just Can’t Seem to Scale

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This is part of a series on what 14 years of Tory rule have delivered for Britain’s economy, society and standing in the world. The challenges awaiting the next government are numerous. Britain takes a third of all the money flowing from venture capital investors into Europe and has done so almost consistently for the last 14 years. Its ecosystem has thrived independent of Conservative Party policies, thanks in part to its wealth of English speakers and world-class universities. Even Brexit failed to stop talented engineers from taking jobs at British tech firms, many of whom count around a third…
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Steve Bannon has to actually go to prison by July 1, Trump-appointed judge says
07 Jun

Steve Bannon has to actually go to prison by July 1, Trump-appointed judge says

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Steve Bannon, a staunch ally of former President Donald Trump, must start serving his four-month prison sentence by July 1, a district judge in Washington DC has ruled.The former Trump chief strategist was found guilty in 2022 of two charges of contempt of Congress after he failed to appear for a January 6 House Committee hearing and refused to hand over documents related to Trump's efforts to overturn the 2020 election.Bannon, 70, was initially given a stay of his prison term by US District Judge Carl Nichols, a Trump appointee, as the Breitbart veteran appealed his conviction. But a federal…
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