Kevin Durant waits for instructions during the filming of a Warriors commercial during the Golden State Warriors media day at the Rakuten Performance Center in Oakland, Calif., on Friday, Sept. 22, 2017.(Laura A. Oda/Bay Area News Group) Kevin Durant poses for a Warrior's commercial shoot during the Golden State Warriors media day at the Rakuten Performance Center in Oakland, Calif., on Friday, Sept. 22, 2017.(Laura A. Oda/Bay Area News Group) Sound The gallery will resume inseconds Golden State Warriors' Kevin Durant (35) leaves the court hold the MVP trophy following their 108-85 win against the Cleveland Cavaliers in Game 4 of the NBA Finals at Quicken Loans Arena in Cleveland, Ohio, on Friday, June 8, 2018. (Nhat V. Meyer/Bay Area News Group) After completing a four-game sweep of the Cleveland Cavaliers to win the 2018 NBA Championship, Golden State Warriors' Kevin Durant, Draymond Green and Stephen Curry exit their plane as they arrive back in Oakland, Calif., … [Read more...] about Kevin Durant invests in Andreessen Horowitz fund to get people of color into tech
Marc Andreessen, co-founder of Andreessen Horowitz. Chip Somodevilla/Getty Images Blockchain is all the rage. But the startup scene around this emerging technology is tricky to navigate. In a world where virtually every company is desperate to peg its branding on crypto or blockchain, it takes more than a sharp eye to tell the real gemstones from glass.Andreessen Horowitz, one of the most successful venture capital firms in the world, has apparently found one. The investment recently invested $45 million in a blockchain startup called Oasis Labs, the firm’s first major bet in the sector since it launched a $300 million crypto fund, a16z crypto, last month.Oasis Labs checks off many boxes on a venture capitalist’s “ideal startup” list: The company is founded by a true industry insider; it markets itself as a combination of Ethereum and Amazon Web Service, two of the hottest buzzwords in tech and business at the moment; and its main business touches on a sore … [Read more...] about Silicon Valley’s Top VC Andreessen Horowitz Has Found Its First Major Crypto Bet
Zoë Bernard, provided by Published 1:15 pm, Wednesday, April 18, 2018 Outcast Agency Basis, a cryptocurrency startup from three Princeton graduates is creating a "stable" currency of the same name. The company just raised $133 million in a round backed by prominent firms including GV (formerly Google Ventures), Bain Capital, Lightspeed Venture Partners, Andreessen-Horowitz, and Sky Capital. Basis says that it's creating a cryptocurrency with a stable, predictable value, that can be used to make payments — instead of being relegated to a method of speculation, like other coins. A cryptocurrency venture from three Princeton graduates has captured the attention of Silicon Valley. On Wednesday, the New Jersey-based cryptocurrency startup Basis announced it had raised $133 million in a round backed by venture capital firms including GV (formerly Google Ventures), Bain Capital, Lightspeed Venture Partners, Andreessen Horowitz, and Sky Capital. The team … [Read more...] about Three Princeton grads just got $133 million from Silicon Valley’s hottest investors for a cryptocurrency that could actually replace money
Supported by Technology By JACK NICASAPRIL 15, 2018 Continue reading the main story Share This Page Continue reading the main story SAN FRANCISCO — Jason Pressman spent Thursday morning cheering from the balcony of the New York Stock Exchange as shares of the software firm Zuora, which he backed in 2008, began trading.By the market’s close, Zuora’s stock had soared 43 percent, making his venture capital firm’s $17 million investment in the company worth roughly $150 million.“Not bad at all,” Mr. Pressman said by phone on Thursday night, before heading to a celebratory dinner with about 60 people at a pricey Italian restaurant in Chelsea. Mr. Pressman, a venture capitalist at Shasta Ventures, said he had been up much of the night before but still expected to raise a few glasses. “I’m running a little bit on adrenaline.”Mr. Pressman and many other Silicon Valley venture capitalists expect the windfalls to continue. Many … [Read more...] about Silicon Valley Venture Capitalists Prepare for an I.P.O. Wave
In just a matter of a few months, hundreds of dockless bicycles and scooters have appeared on the streets and sidewalks of San Diego.Some have praised them as effective ways to get around town and reduce traffic congestion. Others have complained they clutter sidewalks and that too many riders don’t follow the rules of the road, posing safety hazards to pedestrians.But from a business perspective, the nascent industry raises a basic economic question: How do these companies expect to make a profit?By last count, there are at least five dockless bike and scooter companies operating on San Diego streets and campuses and they offer their services at a deep discount.Bike users can expect to pay just $1 per 30 minutes. Electric scooter company Bird charges $1 to start each ride and 15 cents per minute from there.While that’s great for consumers, can these companies make any money at such prices?The firms say their costs are low and economies of scale help them slash the price of … [Read more...] about How can dockless bike and scooter companies make money?