BusinessStartups

Prominent European VC Lakestar Shifts Strategy, Halts External Fundraising

Veteran investor Klaus Hommels’ Lakestar is reportedly shifting its strategy away from external fundraising. The firm plans to concentrate on maximizing returns from current investments while supporting internal entrepreneurial ventures.

Strategic Shift for European Venture Capital Leader

Lakestar, one of Europe’s most prominent venture capital firms known for early investments in Spotify and Revolut, is reportedly planning to stop raising external capital, according to sources familiar with the matter. The firm, founded by veteran investor Klaus Hommels, intends to focus on maximizing returns from its existing portfolio while maintaining flexibility to pursue selective new opportunities.

BusinessStartups

Latina Founders: What Investors Are Looking For in 2024

Latina founders are starting businesses faster than any other demographic while facing persistent funding gaps. A new class of investors is rewriting the rules by backing these entrepreneurs. Learn what these investors prioritize and how founders can position themselves for success.

Despite launching businesses at unprecedented rates, Latina founders continue to navigate one of venture capital’s most stubborn funding gaps. Recent data shows that Latino and Latina entrepreneurs collectively receive just 1.5% of total U.S. venture funding—a figure that has remained largely unchanged for a decade. This disparity persists even as Hispanic and Latino Americans represent one of the fastest-growing demographic segments in the country. However, a transformative shift is underway as investors recognize the untapped potential and superior returns these founders often deliver.

The Funding Landscape: Persistent Gaps and Emerging Opportunities

AI ImpactBusiness

OpenAI’s Unprecedented Dominance Reshapes Silicon Valley Landscape

OpenAI’s meteoric rise to $500 billion valuation and aggressive expansion across AI infrastructure, applications, and hardware is reshaping Silicon Valley’s competitive dynamics. The company’s secretive financials and massive spending power create both opportunities and threats for entrepreneurs navigating the AI revolution.

OpenAI’s dominance represents a paradigm shift in Silicon Valley’s power structure, combining unprecedented scale, secretive financials, and vertical integration that challenges traditional startup dynamics. With a staggering $500 billion valuation and partnerships spanning from the White House to Nvidia, the AI lab is rewriting the rules of tech competition while maintaining private ownership that shields its operations from public scrutiny.

The Unprecedented Scale of OpenAI’s Expansion