Fighting for fairness: The efforts to close the gender pay gap in college, professional sports
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Fighting for fairness: The efforts to close the gender pay gap in college, professional sports
Fighting for fairness: The efforts to close the gender pay gap in college, professional sports
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When Asheem Chandna drove up to Rubrik's office in Palo Alto on a Friday night in early 2015, he was looking forward to learning what the young company that had yet to build its product would show him. The Greylock partner wasn't disappointed. The company's CEO, Bipul Sinha, drew Rubrik's plan to revamp the data management and recovery market on a whiteboard.
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The OpenAI Startup Fund, a venture fund related to -- but technically separate from -- OpenAI that invests in early-stage, typically AI-related companies across education, law and the sciences, has quietly closed a $15 million tranche. According to a filing with the U.S. Securities and Exchange Commission, two unnamed investors contributed the $15 million in new cash on or around April 19. The paperwork was submitted on April 25, and mentions Ian Hathaway, the OpenAI Startup Fund's manager and sole partner.
Rubrik’s strong IPO pricing and warm reception by the public markets after its listing add more weight to the perspective that the public markets are not as closed to tech startups as some thought. If Rubrik’s result isn’t enough to break the logjam, well, maybe there’s something else going on. Happily it was all pretty darn interesting, so Mary Ann and Alex started with Rubrik before pivoting to Pomelo, a startup that has a very interesting twist on the remittances market.
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As of last weekend, Jared Birchall, who heads Musk's family office, was telling prospective investors that xAI was raising $3 billion at a $15 billion pre-money valuation. Sequoia Capital and Future Ventures, the venture fund co-founded by Musk’s longtime friend Steve Jurvetson, are participating in the round.