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“LG Invests $60M in Bear Robotics: The Fledgling Robot Waiter Company”

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LG Electronics may no longer be a household name in smartphones, but it still sees a big future in gadgets like robots. Today, the company confirmed a $60 million investment in Bear Robotics, the California startup that makes artificial intelligence-powered server robots for restaurants and other venues — autonomous tray towers on wheels that are meant to replace waiters. With the investment, LG Electronics becomes Bear’s largest shareholder. We’ve contacted Bear and LG for further comment. The Korean electronics company has been researching and developing software and hardware in robotics.

“Cracking the Code: LPs in a Downturn Economy”

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Emerging fund managers have had a tough time these past few years, and there is no telling when it will get better. Her firm just closed a $23.4 million Fund II after two years of fundraising. Wilkinson has no plans to raise a third fund anytime soon but has some advice for those who are, given the looming uncertainty in the venture market. After 300 conversations with institutional LPs, I had an aha moment in which I realized that I did not want to primarily work with institutions in the future. Individual investors are very different from institutional investors in all the right ways, in my opinion.

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