Tag: startups

Saudi Arabia’s PIF Pumps More Money Into Alibaba-Backed Tech Venture
Money

Saudi Arabia’s PIF Pumps More Money Into Alibaba-Backed Tech Venture

A unit of Saudi Arabia’s Public Investment Fund is pumping further capital into its technology venture with China’s Alibaba Group, taking its total investment into the entity to about $200 million. Jada Fund of Funds, wholly owned by the Saudi PIF, is one of several regional and Asian funds participating in eWTP Arabia’s upcoming $1 billion funding round that’s set to conclude early next year. The vehicle will focus on investing in technology and energy startups, eWTP Founder and Managing Partner Jessica Wong said.
How to Stop Another OpenAI Meltdown
Technology

How to Stop Another OpenAI Meltdown

Unlike OpenAI, Mozilla’s nonprofit cannot fire executives in charge of for-profit work. Each for-profit unit has its own board, with members annually selected by the nonprofit foundation’s board. “It’s different jobs, it’s a different mix of skills,” Surman says. “If you have different functions, it makes sense to have a separation of powers.”The different boards, with distinct characters and missions, are also intended to give the commercial endeavors greater autonomy. Mozilla tries to seat people who know philanthropy, open source technologies, social issues, and tech policy on the nonprofit board, Surman says. On the for-profit boards, it looks more toward leadership experience in venture capital or corporate marketing and innovation.Mozilla’s different boards have sometimes convened t...
The New Green Investment: Getting Clean Energy to Big Cities
World

The New Green Investment: Getting Clean Energy to Big Cities

Updated Dec. 4, 2023 7:45 am ETU.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Pro Take: Venture Investors Move the Goal Posts for Seed-Stage Companies
World

Pro Take: Venture Investors Move the Goal Posts for Seed-Stage Companies

Dec. 4, 2023 6:00 am ET|WSJ ProVenture capitalists focused on backing companies at the seed stage—the earliest chapter of startup investing—broadly say they have become pickier about which startups they are willing to back, yet another sign of how the venture industry’s slowdown is affecting companies previously insulated from the choppy environment. Nascent startups must clear a higher bar for metrics like annual recurring revenue and customer acquisition to attract investors, who also say they are reviewing more deals before committing. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The New Green Investment: Getting Clean Energy to Big Cities
Money

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
The New Green Investment: Getting Clean Energy to Big Cities
World

The New Green Investment: Getting Clean Energy to Big Cities

U.S. cities racing to cut their emissions are facing a roadblock: They can’t access the wind and solar power being developed in remote sites hundreds of miles away.Now a group of investors is betting on a startup that builds massive transmission lines to carry renewable electricity to urban areas.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
He Sold Burritos Out of His Apartment Window. Now He’s Running a $7 Billion Startup.
World

He Sold Burritos Out of His Apartment Window. Now He’s Running a $7 Billion Startup.

Listen to article(1 minute)Pivot Point is a new Wall Street Journal feature in which executives reflect on the successes and setbacks of their careers. The first Pivot Point installment is here. Zach Reitano was the only one in his cohort of a dozen summer interns at Booz & Co. a decade ago who didn’t get a full-time job. The failure set him up to lead a $7 billion healthcare company. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
EV Startup Fisker Has Lost Another Chief Accounting Officer
World

EV Startup Fisker Has Lost Another Chief Accounting Officer

Updated Nov. 20, 2023 1:57 pm ETElectric-vehicle startup Fisker has lost its second chief accounting officer in less than a month, marking the latest setback for a company that only recently started selling its first model. Florus Beuting, who was named chief accounting officer in early November, has left the automaker, according to people familiar with the situation. His exit follows the departure of his predecessor, who left in late October to take a job with another company, leading Fisker to unexpectedly delay its earnings release. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8