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The largest investment fund for women’s sports is now even bigger

Fast Company Tech

As buzz around womens sports continues to grow , the largest dedicated female sports fund just got larger. Monarch Collective, the first and largest investment platform that exclusively invests in womens sports, announced Thursday that it has expanded its fund size from $150 million to $250 million.

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AI’s hype isn’t going to be simply star-studded 

TechCrunch

I end with notes to know from around the tech blogosphere, TC events and, if you look closely enough, personal anecdotes that often have to do with coffee and food. While Kutcher’s firm has been around for a long time and has lived through enough hype cycles to not be easily swayed one way or another, the filing made me curious.

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It Is What It Is: A fake app hyped on Twitter turned into a fundraiser for racial justice causes

The Verge

The group describes itself as a “diverse, ragtag group of young technologists tired of the status quo tech industry,” which it says is “obsessed with exclusive social apps that regularly ignore — or even silence — real needs faced by marginalized people all over the world, and exclude these folks from the building process.”.

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Mayfield raised just shy of $1B to avoid unicorn hype

TechCrunch

Navin Chaddha , the storied investor running Mayfield Fund , doesn’t want to be running a billion-dollar fund like many of his peers. We could have raised $2 billion, but what will we do if we don’t believe in it — you just need a billion to be called a unicorn VC fund? “We There’s no such need, “Chaddha said.

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Chasing hype is human nature: The tyranny of startup trends

TechCrunch

I think it’s important that we explicitly discuss something that every VC instinctively knows: The hype around a given business or category has become a form of bias for investors and founders when vetting ideas to pursue. At any point in time, you can find FOMO-flavored bad business decisions based on false market signals somewhere in tech.

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Does web3 need a venture bailout now that AI has all the hype?

TechCrunch

The picture for AI-related funding is a bit less clear. Recently, tech investor and founder Elad Gil penned an interesting piece on cash balances at companies that raised money during the final go-go quarters of the 2021-era venture zenith: Does web3 need a venture bailout now that AI has all the hype?

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Surging homegrown talent and VC spark Italy’s tech renaissance

TechCrunch

As Italy reinstates many COVID-19 restrictions, the country’s tech ecosystem is watching and waiting to see what the wider effects of the emergency will be. Italy’s ecosystem for tech venture capital and startups has been in development for years and has made decent strides in the last decade.

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