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Google backs car windshield mixed reality startup and meet the first all female hacker house in SF 🏠

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The Venture
September 30, 2024

Happy Monday folks. Today is going to be a bit different, we want to hear from you. We’ve created a poll below because we want to get better and provide you value every time we share our newsletter with you, but before we get into that welcome back to The Venture. We’re the newsletter tracking venture deals, startup news, and acquisitions across the internet every week. Check out the poll below, also please leave some open ended feedback if you’re open to it!

VCs expect a surge in startups offering lower rate mortgages, other loans now that the Feds cut rates | TechCrunch

When the U.S. Feds cut interest rates by half a percentage point last week, it was a dash of good news for venture capitalists backing one particularly

techcrunch.com/2024/09/28/vcs-expect-a-surge-in-startups-offering-lower-rate-mortgages-other-loans-now-that-the-fed-cut-rates

Why Index Ventures is bulking up its investment team in NYC | TechCrunch

Index Ventures opened its New York office in 2022 and is planning to hire three to four more people within the next year.

techcrunch.com/2024/09/28/why-index-ventures-is-bulking-up-its-investment-team-in-nyc

Green flags for defense tech and Silicon Valley's longevity obsession

Equity is closing out the week another startup and venture news roundup from YC Demo Day to the SpaceX economy, no moats for AI, and OpenAI versus open source.

techcrunch.com/podcast/green-flags-for-defense-tech-and-silicon-valleys-longevity-obsession

Peak XV has reaped $1.2B in the year since it split from Sequoia | TechCrunch

Peak XV Partners, the largest India-focused venture fund, has realized about $1.2 billion in exits since it separated from Sequoia last year.

techcrunch.com/2024/09/25/peak-xv-has-reaped-1-2b-in-the-year-since-it-split-from-sequoia

Inside one of the first all-female hacker houses in San Francisco

HackHer House is an all-female hacker house in San Francisco, providing a collaborative space for women to build startups and break industry stereotypes.

www.cnbc.com/2024/09/28/inside-one-of-the-first-all-female-hacker-houses-in-san-francisco.html

OpenAI sees roughly $5 billion loss this year on $3.7 billion in revenue

CNBC has confirmed that OpenAI expects about $5 billion in losses on $3.7 billion in revenue this year — figures first reported by The New York Times.

www.cnbc.com/2024/09/27/openai-sees-5-billion-loss-this-year-on-3point7-billion-in-revenue.html

OpenAI CFO tells investors funding round should close by next week despite executive departures

OpenAI CFO Sarah Friar is looking to reassure its investors that the company is still in a strong position after losing top talent this week.

www.cnbc.com/2024/09/26/openais-cfo-says-funding-round-should-close-by-next-week-in-letter.html

Google venture arm backs startup aiming to bring mixed reality to any car windshield or plane cockpit

Distance Technologies, a Helsinki-based mixed-reality startup, raised 10 million euros of funding in a round led by GV, the venture capital arm of Alphabet.

www.cnbc.com/2024/09/26/google-backs-distance-startup-bringing-mixed-reality-to-cars-planes.html

ARM Reportedly Approached Intel For a Business Deal; Gets Rejected As Team Blue Has "No Plans" For Acquisitions

ARM has contacted Intel about a business deal, but Team Blue rejected the chip designer stating they have no plans for a financial takeover.

wccftech.com/arm-approached-intel-deal-rejected-no-plans-for-acquisitions