NYC startup
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3 weeks agoThe AlleyWatch Startup Daily Funding Report: 6/12/2025
VC funding continues to strengthen NYC startups in AI sectors with significant Series A rounds.
Shaun Maguire referred to Zohran Mamdani as an 'Islamist' and claimed his criticism was political, yet his comments sparked significant backlash and calls for Sequoia Capital to act.
Since ChatGPT emerged in November 2022, venture capitalist investments in AI have skyrocketed, rising to $131.5 billion in 2024, an increase of 52 percent compared to 2023.
You still need to come out with a solid business and [profit and loss], and there's always that kind of trade off between growth and profitability that public markets are looking at.
"The Dutch tech ecosystem is riding a wave of momentum, defying broader European trends and cementing its position as one of the continent's leading startup powerhouses."
Sorenson's focus is on early-stage companies, emphasizing scaling over product development, specifically in enterprise software and cybersecurity, with a small, deliberate portfolio size.
Investors can mirror the house edge of casinos by structuring their portfolios to contain enough winners to compensate for inevitable losses.
The Crankstart Foundation has donated $3.4 million to enhance legal support for immigrants facing deportation, highlighting the need for representation in light of increased crackdown.
While market conditions remain dynamic, the pipeline remains robust as companies continue to prepare for public market debuts, indicating a potential resurgence in IPO activity.
I really optimize for everyone that I support and everyone I hire, which is in six months, if I'm telling you what to do, I've hired the wrong person.
It is not about niche investments, but profound transformation; the building sector, construction industry, and skilled trades play a decisive role in shaping Europe’s climate performance and global competitiveness.
UC Berkeley Chancellor Rich Lyons will testify before Congress about antisemitism in higher education, addressing the influence of faculty, funding, and ideology.