The edtech startup funding slowdown may be hitting the ‘bottom of the market’
Edtech venture capital funding in 2023 may be on pace for its lowest annual total since 2016. VCs told Insider they don’t expect the slowdown to let up anytime soon. The one exception to this edtech funding dropoff is in AI tools for education and upskilling. Back-to-school season has already begun in some parts of…
14 VCs investing in innovative startups focused on the creator economy and influencers
In spite of a slowdown, creator-economy startups are still raising millions of dollars. From Karat to Spill, venture capitalists are betting on creator-focused companies in 2023. Insider is highlighting 14 VC firms that are backing startups in the space right now. The “creator economy” was a fiery buzzword that emerged about three years ago from…
DeepMind’s secret mafia: Meet the stealth startups emerging from Google’s AI lab
There is an influx of cash and interest into artificial intelligence startups right now. Some of the best-funded companies are emerging from the tech giants, which are repositories of AI talent. Insider spoke to ex-Google DeepMind staffers who have founded AI startups in stealth. Inflection AI, a year-old startup, made headlines when it announced a…
How Warner Bros. Discovery’s MotorTrend beat the odds and went from magazine publisher to a 9-figure video and digital business
WBD’s MotorTrend is a rare media company that’s transformed from print to long-form video. Digital and video content has become a nine-figure business with shows aimed at a broad audience. A Spanish-language FAST channel is up next and MotorTrend is making a push into co-productions. Kevin Hart’s unscripted series “Kevin Hart’s Muscle Car Crew,” which…
Meet Russell Horwitz, the ex-Goldman partner who is stepping in as David Solomon’s chief of staff at a vulnerable time for the CEO
Russell Horwitz has been named David Solomon’s new chief of staff at a difficult time for the CEO. Horwitz will replace Goldman legend John F. W. Rogers, who will continue to advise the board. Here’s everything we know about Horwitz and why he returned to Goldman Sachs. The steady drumbeat of executive departures at Goldman…
Salesforce is trotting out Matthew McConaughey amid cost cuts and employees aren’t happy, leaked messages show
Salesforce reportedly paid Matthew McConaughey $10 million a year during layoffs. The actor has started to appear publicly on behalf of Salesforce. Some employees aren’t happy.” I was denied a promotion this cycle because of ‘lack of budget’ but we can throw $10mil a year at this guy,” one wrote. Salesforce appears to be trying to get…
An Instagram travel creator who’s earned 5 figures this year shares her rates for sponsored content and how much she’s been offered on Threads
Jessica Ufuoma fell in love with travel in her mid-20s after moving from Nigeria to Canada. She became a full-time content creator when her income from brand deals overtook her corporate salary. Ufuoma shares her sponsored-content rates for Instagram and what she’s been offered on Threads. Jessica Ufuoma still can’t believe brands pay her to…
Bank of America breaks down the 4 cities facing the biggest housing shortages right now — and the 3 where there’s still plenty of room
A recent report by the Bank of America Institute compared population with housing supply. The results were the 4 cities with the most housing available now, and the 3 cities with the least. San Antonio, Dallas, Orlando, and Houston have high population growth and low housing supply. Homes are difficult to come by these days,…
Deepset, an AI startup that helps companies build apps with LLMs, just raised $30 million with this 12-slide pitch deck
Deepset, a German AI startup that offers LLM developer tools, has raised $30 million. London-based investor Balderton Capital led the round into the five-year-old company. The company wants to expand its Haystack product and grow its presence in the US. Deepset, a German AI startup, has raised $30 million in a round led by Balderton…
