Alexis Ohanian is leaving Initialized Capital

Reddit co-founder Alexis Ohanian is leaving Initialized Capital, the investment firm he co-founded in 2011 with Garry Tan, as first reported Axios and confirmed by TechCrunch. The move comes weeks after Ohanian publicly stepped down from the Reddit board of directors, with Y Combinator president Michael Seibel taking his spot. Ohanian launched Initialized Capital back […]

What to consider before publishing your diversity memo

In the past few weeks, several venture capital firms have published different variations of the same pledge: we’ll do a better job supporting the Black community. My timeline, and I’m assuming yours too, has been filled with statements from non-Black venture capitalists saying that they will rethink how to be more inclusive with their hiring […]

Venture firms rush to find ways to support Black founders and investors

As protests against police brutality and economic manifestations of systemic racism in the U.S. continue, venture capital firms are joining the chorus of technology industry advocates lending their support to the cause. For the past three days, technology company executives and the investors who backed them have issued statements of support for the protests and […]

Curri rolls out nationwide delivery service for construction materials industry

A little over a year after its graduation from Y Combinator’s demo day, the on-demand construction materials delivery service Curri is beginning to offer its services in all 50 states. Co-founded by Matt Lafferty and Brian Gonzalez Curri aims to solve one of the major hurdles for local construction suppliers who miss out on sales because […]

Fiat Chrysler and AV startup Voyage partner on self-driving minivans

Self-driving vehicle startup Voyage said Monday that it has inked a deal with Fiat Chrysler to supply purpose-built vehicles, a partnership that will help accelerate its plan to launch a fully driverless ride-hailing service. Voyage, a three-year-old startup that tests and operates a self-driving vehicle service (with human safety operators) in retirement communities in California […]