Nonnecke also co-directors the Berkeley Center for Law and Technology, where she leads projects on AI, platforms and society, and the UC Berkeley AI Policy Hub, an initiative to train researchers to develop effective AI governance and policy frameworks.
I’ve been working in responsible AI governance for nearly a decade.
First, The University of California was the first university to establish responsible AI principles and a governance structure to better ensure responsible procurement and use of AI.
For women entering the AI field, my advice is threefold: Seek knowledge relentlessly, as AI is a rapidly evolving field.
Investors have the power to shape the industry’s direction by making responsible AI practices a critical factor in their investment decisions.
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups.
For the low, low price of being a Robinhood Gold member (because who doesn’t want to pay $5 a month for the privilege of spending more money?
Robinhood unveiled its Gold Card, a credit card so packed with features it might just make Apple Card users pause for a hot second.
For the low, low price of being a Robinhood Gold member (because who doesn’t want to pay $5 a month for the privilege of spending more money?
Trend of the week: Transportation troubleThe New York Stock Exchange has given EV startup Fisker the boot, citing its “abnormally low” stock prices.
Byju’s is holding an extraordinary general meeting Friday, where it will attempt to pass the resolution over the rights issue.
The rights issue values Byju’s under $250 million, a stunning drop from the $22 billion valuation it carried in early 2022.
Prosus Ventures, Peak XV Partners and Chan Zuckerberg Initiative are among the investors who didn’t participate in Byju’s recent $200 million rights issue.
The investors have instead sought, using legal means, to remove Raveendran and his family from the startup and to invalidate the rights issue.
The investors quit the startup’s board whereas the global auditing giant Deloitte dropped the account of Byju’s over these concerns last year.
Startup studio super{set} has a fresh exit under its belt with the sale of marketing company Habu to LiveRamp for $200 million in January.
Now, super{set} is adding another $90 million to its coffers as it doubles down on its strategy of building enterprise startups.
We remain a venture studio focused on building companies rooted in data and AI.
We found, fund and build new technology startups, mostly in the enterprise space,” founding managing partner Tom Chavez told TechCrunch.
That’s one aspect in which super{set} has changed compared to 2019, Chavez said, as its method went from art to science.
Byju’s secured favorable outcomes in two court hearings Thursday, paving the way for the embattled edtech startup to move ahead with the extraordinary general meeting scheduled for Friday.
The National Company Law Tribunal refused to stay on Thursday Byju’s planned EGM to increase the authorized share capital for the $200 million rights issue.
The matter will be heard again on April 4, but as the lawyer representing the estranged four investors of Byju’s warned, once the authorized share capital has been increased, it cannot be reversed.
Separately, the Karnataka High Court said Thursday it will only hear the case where the investor group seeks to remove Byju’s founder and chief executive Byju Raveendran from the firm after two months.
The rights issue is crucial for Byju’s, once India’s most valuable startup, as it seeks to tap the $200 million it has already received from a set of investors, including Raveendran.
The UK threw a splashy event in New York this week to woo more American VCs Welcome to the new UK: the Unicorn KingdomA 3-D hologram, dubbed the Ever-Changing Statue, will be on display at the Rise by Barclays workspace in New York until April 4.
Dealroom data shows that UK startups raised $31 billion in venture capital in 2022 and $41 billion in 2021.
It’s also still more than the $18 billion the UK raised in 2019 and the $12 billion raised in 2018.
Between 2009 and 2019, only 38 UK Black founders raised venture capital funding—that number now stands at 80, according to an updated report by Extend Ventures.
“The UK tech ecosystem has made significant strides, but work remains to reach the scale and influence of Silicon Valley,” Taylor told TechCrunch.
New Summit Investments is raising a new $100 million impact fund, according to documents filed with the SEC.
This is the firm’s fifth fund and marks a sizable jump from the $40 million its previous fund, which closed back in 2022.
New Summit has supported marginalized fund managers by launching initiatives like its partnership with investment firm Gratitude Railroad to source and underwrite underrepresented fund managers.
New Summit Investments’ was founded in 2016 as an impact investment firm focusing on climate, health, and economic opportunities.
New Summit Investments’ first fund closed for $20 million in 2016, followed by $36 million in 2018, according to Pitchbook.
Welcome to TechCrunch Fintech (formerly The Interchange)!
TC reporter Tage Kene-Okafor reported on how Uber led a $100 million investment into African mobility fintech Moove as the startup’s valuation hit $750 million.
He also wrote about how Zone raised $8.5 million to scale its decentralized payment infrastructure.
Dollars and centsNon-sexy industries can appeal to investors too.
The YC-backed startup raised $4.1 million last year with the goal of serving high-earning millennials and Gen Zers.
Americans spent more than $144.8 billion on fishing and hunting in 2022 alone, according to a survey by the U.S.
Guided hunting and fishing excursions are a substantial part of that industry, but they’ve largely remained offline.
Mallard Bay is also a vertical SaaS platform for the outfitters themselves to bring their back office online and provide additional services like marketing.
“The one thing that comes with hunting and fishing is being a conservationist,” Meaux said.
Mallard Bay’s bookings have grown 600% year over year, which is impressive for any category but notable in a category like hunting and fishing that seems relatively niche.
Americans spent more than $144.8 billion on fishing and hunting in 2022 alone, according to a survey by the U.S.
Guided hunting and fishing excursions are a substantial part of that industry, but they’ve largely remained offline.
Mallard Bay is also a vertical SaaS platform for the outfitters themselves to bring their back office online and provide additional services like marketing.
“The one thing that comes with hunting and fishing is being a conservationist,” Meaux said.
Mallard Bay’s bookings have grown 600% year over year, which is impressive for any category but notable in a category like hunting and fishing that seems relatively niche.
