Startups & Venture
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A 19-year-old Thiel fellow just raised $7.3 million to build an African ‘super app’
If he hadn’t dropped out, Aubrey Niederhoffer would be nearing the end of his sophomore year at UC Berkeley. Instead, the 19 year-old from the New York area is living in Lagos, Nigeria, where he just launched his food delivery app, Swoop. The 28 person company just booked $7.3 million in seed funding, and the
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The internet isn’t just like real life, a top VC says — it is real life. For a16z, that’s not philosophy, it’s an investment
The phrase “touch grass” has become the internet’s way of telling someone to log off and rejoin the real world. Erik Torenberg, a general partner at Andreessen Horowitz, thinks the phrase has it exactly backward — and that getting the philosophy right has enormous economic consequences. In a new essay published through a16z, Torenberg makes
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Exclusive: Eigen raises a seed round from Benchmark to build the world’s first ‘mutual friend’
More than 600 million people watched the moon landing live in 1969. When NASA’s Artemis program returned astronauts to the lunar surface, an estimated 27 million tuned in, even as the world’s population had doubled. The shared cultural experience, the kind that once stitched strangers together, has quietly collapsed—and Paul Scherer thinks AI is about
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Harvey’s 30-year-old CEO says failing is a ‘good way to learn’ and says ‘destroying your ego’ led him to an $11 billion success
How do you build an $11 billion startup? For Winston Weinberg, CEO and co-founder of AI legal startup Harvey, it’s all about failure. “I think it’s really hard to figure this out without failing. You just have to fail a million times,” Weinberg said on a recent episode of Fortune’s Term Sheet podcast. The 30-year-old