Initialized Capital's co-founders Garry Tan (left) and Alexis Ohanian (right) Initialized Capital's co-founders Garry Tan (left) and Alexis Ohanian (right) "We've always been the first high conviction check, and often the smallest check," Tan says, recalling how he tracked Airbnb's Brian Armstrong as he left to start Coinbase and Initialized invested the first $50,000.
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Truepill, the 'AWS for pharmacies,' gets $10M from Initialized Capital
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Initialized Capital led the round, with participation from Sound Ventures.
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Initialized wants to be part of making this cultural shift happen.
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Initialized is unlocking a lot of late-adopter industries, he said.
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Pictured: Initialized cofounder Alexis Ohanian, speaking at Disrupt in May 2015.
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Worth noting: LTSE, as it's known, is an Initialized portfolio company.
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They initialized the qubits to a superposition of all possible cluster assignments.
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Investors for this round include Ludlow Ventures, Data Collective and Initialized Capital.
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The Initialized Capital team, where one-third of investment partners are female.
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Previous investors Caffeinated Capital and Initialized Capital are also in this round.
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Katelin Holloway, Initialized Capital — "Open-source" your contingency plans with other startups.
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Garry Tan is managing partner at Initialized Capital, a seed-stage VC firm.
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"[Initialized] is my everything when it comes to work," he told Business Insider.
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Andrew Lee is a venture capital investor at Initialized Capital in San Francisco.
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Andrew Lee is a venture capital investor at Initialized Capital in San Francisco.
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Who they are: Ohanian cofounded Reddit, then later cofounded the VC firm Initialized Capital.
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There was reportedly finalized text for an agreement, initialized by representatives of both sides.
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TC: Initialized seemingly has a big team for the amount of money it's managing. ALD:.
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Investors in the early round included Charles River Ventures, Initialized Capital, Y Combinator and others.
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To date, the company's raised $14 million from investors led by Alexis Ohanian's Initialized Capital.
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Naza Beauty has received $1 million in pre-seed funding by Alexis Ohanian's Initialized Capital.
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Battery Ventures, SineWave Ventures and Sorenson Venture also led the round, with participation from Initialized Capital.
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Initialized Capital has announced Katelin Holloway is joining the early-stage venture firm as a partner.
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Initialized is partnered with Roman, a digital erectile dysfunction company prescription platform, and online pharmacy TruePill.
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Now Initialized Capital has raised enough money to tackle its next challenge: the Series A crunch.
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Image Credit: Jessica Monroy The Initialized Capital team, where one-third of investment partners are female.
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Tan suggested that Initialized hasn't counted on M&A activity for its exits for some time.
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Existing investors Sequoia Capital, Initialized Capital and Anthos Capital are participating in this round, as well.
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At Initialized Capital, Katelin Holloway is more than a talent partner overseeing recruiting across a fund's portfolio.
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That changes today with the announcement that Initialized Capital has closed its fourth fund of $225 million.
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What Initialized looks for in founders is the same as what it looked for in a mascot.
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They secured funding from Alexis Ohanian's investment firm Initialized Capital just minutes after meeting the Reddit cofounder.
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The round was led by Menlo Ventures with participation from existing backers Initialized Capital and Andreessen Horowitz.
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Khosla Ventures led the round, along with participation from previous investors A16z, Trinity Ventures and Initialized Capital.
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To date, it has secured $31 million in venture capital funding from Initialized Capital, Accel and others.
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Ohanian would know — he cofounded Reddit and launched his own venture capital firm, Initialized Capital, in 2011.
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The new round was led by NEA, with participation from Menlo Ventures, SVAngel, Initialized Capital and Pear Ventures.
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Alexis Ohanian, Cofounder of Reddit and Initialized Capital Jewel Burks, Cofounder of Partpic, now at Amazon October 2018.
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We raised from Initialized Capital, almost all the early seed investors at Zenefits and a lot of individuals.
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Today, the company announced that it has raised a sizable $6.6 million seed round led by Initialized Capital .
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This interview, which was condensed and edited for clarity, was conducted at the Initialized office in San Francisco.
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Disclosed backers of the Canada-based firm include Airbus Ventures, Initialized Capital, Plug and Play, SV Angel, Y Combinator.
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Initialized closed its third fund in 2016 with $115 million and only one of the founders on full-time.
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Initialized prides itself on being "the first check to folks when they first quit their jobs," Tan told CNBC.
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Vincent Chu, meanwhile, recently joined Initialized as an operating partner focused on the engineering needs of Initialized's portfolio companies.
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Better Ventures, Bee Partners, Y Combinator, Kapor Capital, Initialized Capital, Fuel Capital, Scrum Ventures and Funders Club also participated.
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This is where Landed, which just raised a $7.5 million Series A round led by Initialized Capital, comes in.
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Silicon Valley Bank, Bessemer Venture Partners, Sutter Hill Capital, Rincon Ventures and Initialized Capital all participated in the round.
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The company is backed by $91.1 million in funding from firms including FirstMark Capital, SignalFire, Initialized and General Catalyst.
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He's also branched out from Reddit, cofounding Initialized Capital, a venture capital firm that manages $22017 million in assets.
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The company, which just closed a $3.5 million seed round led by Initialized Capital, builds products for local governments.
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"I've experienced first-hand the grind of filling out timesheets," writes Initialized partner and former attorney Alda Leu Dennis.
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Gloria co-founders, Matias Castello and Victoire Cogevina, and Initialized co-founder Alexis Ohanian Gloria co-founders, Matias Castello and Victoire Cogevina, and Initialized co-founder Alexis Ohanian Cogevina and Castello met and bonded over their shared Argentine history (both co-founders were born there) and love of the world's most popular sport.
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Ohanian is also the cofounder of a venture capital firm, Initialized Capital, which has $500 million in assets under management.
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Eero has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others.
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Investors include Susa Ventures, Initialized Capital, Haystack, Liquid 2, Wei Fund, Elad Gil, Adrian Aoun, Charlie Songhurst, and Y Combinator.
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Eileses Capital led the round joined by Initialized Capital, Restaurant Group, the Y Combinator Continuity Fund and the Tamares Group.
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The Reddit and Initialized Capital cofounder Ohanian was pictured wearing a shirt from a charity which promotes drug free life.
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Initialized was co-founded by Alexis Ohanian, also a founder of Reddit, and a vocal advocate of paid parental leave.
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In October 2018, Amoruso said the network's development was being funded with a $3.5 million investment round led by Initialized Capital.
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EQT Ventures, Initialized Capital, CRV and Y Combinator have fueled Standard Cognition with another $35 million to help retailers battle Amazon.
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Initialized chose to invest in Skip because its heavy-duty scooters are safer, and the company actually cooperates with local governments.
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Galaxy Digital and Initialized, as early backers, joined this latest round after participating in a $5.25 million seed round in March.
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In 2012, he co-founded Initialized Capital, a venture capital firm that has invested in start-ups like Coinbase and Instacart.
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The six-person Santa Monica team is funded by a $1.5 million seed round led by Initialized Capital and Fuel Capital.
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Oh My Green, a health foods concierge service, raised $20 million in seed funding from investors including Y Combinator and Initialized Capital.
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With this latest hire, Initialized Capital is making clear that it recognizes the importance culture plays at startups from an early stage.
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PlanGrid has raised a total of $69 million in funding from investors like Y Combinator, Sequoia Capital, Initialized Capital, and DAG Ventures.
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Backers of OpenDoor include the usual suspects: Andreessen Horowitz, Coatue, General Atlantic, GV, Initialized Capital, Khosla Ventures, NEA and Norwest Venture Partners.
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Before my daughter, Alexis Olympia Ohanian Jr. was born, I considered the companies I co-founded — Reddit and Initialized Capital — my babies.
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Empower had earlier raised an undisclosed amount of seed funding from Sequoia, followed by a $4.5 million round led by Initialized Capital.
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The round is led by returning investors Initialized Capital, and backed by Golden Ventures, DCG, Polychain, CMT Digital, Regah Ventures and ConsenSys.
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Atrium had raised a $10.5 million Series A in 2017 led by General Catalyst alongside Kleiner, Founders Fund, Initialized and Kindred Ventures.
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The round was led by AddVenture, with participation from returning investors Initialized Capital and Altair Capital, and Millhouse Capital as a new investor.
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Reddit founder Alexis Ohanian has $225 million in fresh funding to back early-stage start-ups through his venture capital firm, Initialized Capital.
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But it's Tan and the software he's built that lets Initialized wield The Force when picking startups, and then rearing them into Jedi.
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BloomThat had raised $7.5 million in VC funding from firms like Forerunner Ventures, First Round Capital, Initialized Capital, Rothenberg Ventures and Sherpa Capital.
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Voyage has raised just $23.6 million from investors that include Khosla Ventures, CRV, Initialized Capital and the venture arm of Jaguar Land Rover.
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Yet Standard Cognition, which was founded a few months later, raised a $35 million Series B in July from EQT Ventures and Initialized.
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The startup announced the public launch of its platform today, along with $3 million in a new funding round led by Initialized Capital.
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The decision was widely praised by, among others, California Attorney General Xavier Becerra and Alexis Ohanian, the co-founder of Reddit and Initialized Capital.
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Holloway said she's going to Initialized Capital because the firm is stacked with operators whose skills are necessary to build a high-growth startup.
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Investors in the company include Initialized Capital, Founders Fund, Founder Collective, Peak State Ventures, SV Angel, Liquid 2 Ventures, SaaStr and The House Fund.
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It was led by FirstMark Capital and joined by SignalFire, Initialized Capital, General Catalyst, Slow Ventures, Sinai Ventures, Torch Capital, BoxGroup, and Tusk Ventures.
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The new funding comes on the back of a previous seed round from Initialized Capital and a period of time mostly bootstrapping the business.
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In February 2018, Lodha met with Initialized Capital, the fund founded by Ohanian and former Y Combinator partner Garry Tan, to secure seed funding.
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But the developers were initially unable to stop their apps from sharing the "SDK initialized" data with Facebook, simply because the option wasn't there.
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In a response to Privacy International, Facebook acknowledged that developers didn't have the option to disable transmission of the "SDK initialized" data before June.
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Garry Tan and Alexis Ohanian founded Initialized Capital roughly nine years ago and they've closed four funds since, including most recently in late 2018.
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The funding comes from Airbnb, Comcast, CEAS Investments and TI Platform Management, plus existing investors Alumni Ventures Group, Initialized Capital, NFX and Spike Ventures.
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It is the fourth and largest fund raised by Initialized Capital, the San Francisco-based venture capital firm founded by Ohanian and Garry Tan.
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The round was led by Redpoint's Annie Kadavy, with participation from investors such as Initialized Capital, Peterson Ventures, FJ Labs, Switch Ventures and Background Capital.
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Nearly half a dozen other companies had already invested in the Series B round, including Cox Automotive, Initialized Capital, Denso, Penske, Deutsche Bahn and Mitsui.
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Happily, we had our own Connie Loizos, Matthew Lynley, and Alex Wilhelm on hand, along with Initialized Capital's Alexis Ohanian to pick over the mix.
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"Right now we're in this Empire Strikes Back moment," says Initialized Capital's Garry Tan, referring to tech giants ruthlessly copying and competing with fresh ideas.
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Envoy, an office services company, raised $43 million in Series B funding led by Menlo Ventures and with participation from Initialized Capital and Andreessen Horowitz.
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Other existing Cleanly investors include Initialized Capital, AltaIR, Millhouse Capital, Y Combinator, Ludlow Ventures, Haystack Ventures, and a bunch of angel investors including Paul Buchheit.
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Learn how to navigate around those and maximize your chance of success with key learnings from Garry Tan, founder and managing partner at Initialized Capital.
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It has raised $90 million from First Round Capital, Menlo Ventures, AME Cloud Ventures, Initialized Capital, Homebrew Ventures and others, according to a TechCrunch report.
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Improved weather forecasts Global forecast models, such as the GFS and European models, use data from weather satellites already in space, what scientists call initialized data.
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Initialized Capital, the venture firm led by Reddit co-founder Alexis Ohanian and early Palantir engineer Garry Tan, has raised $225 million for its fourth fund.
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A few weeks ago he announced that he'd be taking a less active role at Reddit to focus on parenting and his venture firm, Initialized Capital.
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The startup has raised a $6 million seed round led by Initialized Capital via Alexis Ohanian and Ronny Conway's A Capital, with SV Angel joining in.
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He founded Initialized Capital in 2011 with a $7 million first fund, but last year closed on a $115 million vehicle for the firm's third fund.
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Ohanian's VC firm, Initialized Capital, closed its office last week and will allow employees to work remotely for at least the next six to eight weeks.
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For Alexis Ohanian, the co-founder of Initialized Capital and a former executive chairman of Reddit, the fun began long before he touched down in Nebraska.
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And it has Alexis Ohanian's Initialized Capital backing the company's mission as well — the VC firm poured $1 million of pre-seed funding into the startup.
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Developer software company LogDNA announced $25 million in Series B funding, led by Emergence Capital with participation from Initialized Capital, Y Combinator, Continuity Growth and Providence Equity.
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Initialized closed its third fund with $115 million this past fall — a meaningful leap from its second fund, which had closed with just less than $40 million.
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EPS 00z initialized a much more realistic vortex w/Irma Tracks still widely spread past Day 5 but not as far west as GFS/GEFSSpaghetti(o): pic.twitter.
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Now, with $2.3 million in financing led by Initialized Capital and partnerships with Dell and Microsoft to supply hardware, the company is launching its first product, called SurgicalAR.
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Initialized Capital, a San Francisco-based early-stage venture firm that was founded by former Y Combinator partners Alexis Ohanian and Garry Tan, has added three new partners.
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Ohanian founded Initialized Capital, his venture firm, knowing he had to travel often for his business and personal lives, so he created an environment ideal for remote employees.
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If Reddit and Initialized Capital co-founder Alexis Ohanian could give his 20-year-old self one piece of advice, it would be to stick with computer science.
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To evolve beyond the podcast, Knowable has raised a $3.75 million seed round led by Andreessen Horowitz's partner Connie Chan, and joined by Upfront, First Round and Initialized.
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"When you realize you have to fly back to SF for @initialized business tomorrow and you'll miss watching @serenawilliams & @venuswilliams win their 1st doubles match of #RG18," wrote Ohanian.
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Ro, valued at $500 million earlier this year, has raised $176 million in venture capital funding from Canaan Partners, FirstMark Capital, BoxGroup, Initialized Capital, General Catalyst, SignalFire and others.
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Instacart, Coinbase, Flexport and Patreon all count Initialized as investors because Tan and Serena Williams' husband jump in the trenches with them, dispensing advice and connections over text message.
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Opendoor isn't saying what it's paying for Open Listings, which had raised $7.6 million from investors over the years, including Y Combinator, Matrix Partners, Arena Ventures, and Initialized Capital.
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Alexis Ohanian is the co-founder of Reddit and Initialized Capital, a seed stage venture fund with over $230M under management and a portfolio with $20B in market value.
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Envoy's previous round was a $0003 million Series A in 2015, and its seed investors include Marc Benioff as well as Initialized Capital partners Gary Tan and Alexis Ohanian.
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The company doesn't have a product right now and is cagey about what it will eventually release, but nonetheless its promise has persuaded Initialized Capital to lead this round.
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Others have done so as angel investors, via AngelList syndicates, and by forming more traditional VC firms like Initialized Capital, although the latter doesn't exclusively invest in YC startups.
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Until then, it's got its seed funding from Initialized, Fuel Capital, F7 Ventures, Ryan Hoover's Weekend Fund, Backend Capital, Day One Ventures, Shrug, Todd Goldberg and Superhuman's Rahul Vohra.
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Investors likely popping some corks right now include Alex Ohanian's Initialized Capital, Maveron, and Bezos Expeditions, the venture capital fund of Amazon founder Jeff Bezos (who clearly needs the money).
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ROI: PlanGrid raised around $66 million in venture funding from Sequoia Capital, GV, Founders Fund, Initialized Capital, Spectrum 28, YC, DAG Ventures, Brick & Mortar Ventures, M1 Ventures and Northgate Capital.
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Paul Royall, the show's editor, tells The Guardian that a "technical system crash" occurred just as the show was about to begin and a backup system had to be initialized.
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Dan talks with Reddit co-founder and Initialized Capital managing partner, Alexis Ohanian about the company's future, "peak social" and which 2020 presidential candidate is generating the most Redditor buzz.
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The startup has also — finally — closed a seed round, announcing $1.8M led by Initialized Capital, along with Adam D'Angelo, Michael Seibel, BoxGroup, Liquid2 Ventures, FundersClub, and Jenny 8 Lee participating.
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The company has raised $3.5 million from investors, including Alexis Ohanian and his Initialized Capital investment firm, Gmail creator Paul Buchheit and the former chairman of Daiya Foods, Eric Patel.
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Other respondents include: Ben Lerer and Caitlin Strandberg from Lerer Hippeau, Gareth Jefferies from Northzone, Matthew Hartman of Betaworks Ventures, Alexis Ohanian of Initialized Capital and Luca Bocchio of Accel.
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Initialized Capital, whose investments include San Francisco-based grocery delivery service Instacart, seeks about a 50 percent stake in startups in exchange for its investments, said Tan, the managing partner.
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Rescale, the startup that wants to bring high performance computing to the cloud, announced a $32 million Series B investment today led by Initialized Capital, Keen Venture Partners and SineWave Ventures.
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"Following the June change to our SDK, we also removed the signal that the SDK was initialized for developers that disabled automatic event logging," Facebook told Privacy International in an email.
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The Long-Term Stock Exchange has raised $50 million in Series B funding led by Founders Fund, with new investors joining existing ones like Andreessen Horowitz, Obvious Ventures, and Initialized Capital.
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And it's what led Montgomery to launch Naza Beauty, which is opening up its first location in San Francisco this week following a $1 million funding round led by Initialized Capital.
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Initialized Capital will remained focused primarily on funding early-stage startups but will cut larger checks, such as $1 million, compared to $50,000, the size of some of its first investments.
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"Co-founder disputes are the number one early startup killer, but it doesn't have to be that way," writes Garry Tan, managing partner at Initialized Capital and former Y Combinator partner.
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Standard Cognition, a company that makes cashier-less technology like the kind used in Amazon Go "Just Walk Out" convenience stores, raised $40 million in Series A funding, led by Initialized Capital.
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Alexis Ohanian, co-founder of Initialized Capital and Reddit and husband to Serena Williams, weighed in on the ways in which his relationship with Williams has affected his growth as a person.
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Better raised $1.1 million in funding from Initialized Capital, Designer Fund and various angels when it launched this spring but will not be using the money raised to pay down the debt.
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Why it matters: "Every business is gonna need to be a software business," Initialized Capital co-founder Alexis Ohanian tells Axios, adding that the need for engineers is only going to increase.
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"Gobble's investments in culinary R&D and data science have enabled them to build a valuable member base who trust Gobble with their accounts running on 'autopilot'," noted Initialized Capital's Garry Tan.
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"We believe the Papa team has found a unique way to combat loneliness and depression in older adults," said Alexis Ohanian, co-founder and managing partner of Initialized Capital, in a statement.
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Black haircare startup Naza Beauty just raised $1 million from Alexis Ohanian's Initialized Capital At its most basic level, it's like Drybar — with a menu of styles — but for women of color.
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When Initialized Capital launched in 2012, Ohanian and Tan were also partners at Y Combinator, a Silicon Valley accelerator fund known for helping companies like Airbnb and Dropbox get off the ground.
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NodePrime came out of stealth last September after the company raised $7 million in seed funding from Menlo Ventures, NEA, Formation 8, Initialized Capital, Crosslink Capital, Rubicon Venture Capital, and TEEC Angel Fund.
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As I walk home, I see emergency vehicles stationed at fire stations, BEECNs, and major intersections when not doing search and rescue, distributed across the city in a plan initialized by Unified Command.
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It's only been a few days since she started her new job, but Alda Leu Dennis, the newest partner (and COO) of Initialized Capital, seems like she's ready to hit the ground running.
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"Transportation in cities is a big problem not solved completely by ride share and even autonomous cars," said Alexis Ohanian, the Reddit co-founder who is now a venture investor at Initialized Capital.
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To date, Ro has raised $176 million from investors including FirstMark Capital, Canaan Partners, SignalFire, Alexis Ohanian's Initialized Capital, General Catalyst, Slow Ventures, Sinai Ventures, Torch Capital, BoxGroup, Tusk Ventures and undisclosed angels.
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Adding to Ping's quiet $3.7 million seed co-led by First Round and Initialized last year, the startup will spend the cash to scale up enterprise distribution and become the new timekeeping standard.
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Alexis Ohanian, the co-founder of Initialized Capital and an investor in AdQuick, a new service that's looking to bring billboard advertising into the internet age, bought his last billboard ad just this year.
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Truepill, an online pharmacy powering delivery for the likes of Hims, Nurx, LemonAID and other direct-to-consumer healthcare brands, has nabbed a $10 million Series A from early-stage VC fund Initialized Capital.
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Its investors include Initialized Capital, Box Group and Slow Ventures, as well as angels like Y Combinator partner Aaron Harris, Benchmark's Scott Belsky and the chief executives of Casper, Code Academy and Pill Pack.
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The startup has so far raised $3.7 million in seed, led by Sequoia Capital, with participation from Initialized Capital, Joe Montana's Liquid2, as well as a good roster of recognizable angels like Elad Gil.
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Triplebyte, a three-year-old San Francisco startup developing software and tools to assess engineers' skills and match them to available jobs, has raised a $10 million Series A round led by Initialized Capital.
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The funding is being led by Grotech Ventures and Initialized Capital, with another new investor, Aspect Ventures, and previous backers Atlanta Seed Company, Engage Ventures, OCA Ventures, BBG Ventures, IrishAngels and Wintrust Financial also participating.
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"I know I've been successful in my career, but I'm not the one racking up the trophies," Ohanian, who is also the co-founder of Initialized Capital, tells Glamour in an essay that published Thursday.
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Unrelatedly, Reddit co-founder Alexis Ohanian announced today that he would be stepping aside at Reddit to focus on a full-time role at Initialized Capital, the early-stage VC firm that he co-founded.
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Backers of the company include SoftBank, along with some 36 others that include some of the biggest names in VC, such as Andreessen Horowitz, Coatue, General Atlantic, GV, Initialized, Khosla, NEA, Norwest and many more.
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When Serena went back to work after Olympia was born, I worked with one of our portfolio companies at Initialized capital, AdQuick, to put up four billboards celebrating her reentry to the world of tennis.
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The Series C was led by NewView Capital, with participation from new DTCP, Maverick Ventures, Triangle Peak Partners, Alliance Bernstein Private Credit Investors, Sharespost and existing investors (NEA, Menlo Ventures, Initialized Capital and Pear VC).
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Ohanian, the Reddit, and Initialized Capital cofounder, made no comment on his choice of attire on the day, however, did "like" a number of posts from users who had pointed out the shirt on Twitter.
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And at his new company, Initialized Capital, he designed a family leave plan, which includes 16 weeks of paid family leave and an additional leave plan for women who have complications during or after birth.
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Sreenivas confirmed that noted security expert H. D. Moore is an advisor to the startup while Garry Tan, Managing Partner of Initialized Capital, has joined its board of directors as part of the funding deal.
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Created by aerospace engineer Kostya Khomutov, electrical engineers Alex Tkachenko and Nick Sherstyuk, and CCO Tim Sherstyuk, the company is funded by the likes of Airbus Ventures, Initialized Capital, Plug and Play and SV Angel.
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Backed by Reddit co-founder Alexis Ohanian's Initialized Capital to the tune of $2 million (total seed investment: $4 million), Helm's mission is to chart a path to taking back our digital identity from the cloud.
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The new funding was led by previous investors Menlo Ventures and NEA, with participation from Initialized Capital and Pear VC. Heap was previously incubated at Y Combinator and has now raised a total of $40 million.
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For Hullabalu, which has raised $4.4 million from investors that include SV Angel, Vayner RSE, Initialized Capital, Technicolor, Joanne Wilson, Scott Belsky, Carmelo Anthony, Nas and others, Lightwell should provide a new (and more predictable) revenue stream.
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Initialized Capital's Garry Tan will join Connie Loizos and Alex Wilhelm live on the Showcase Stage at 3 pm on Thursday, September 6, to dig through the latest, greatest and worst from the world of venture capital.
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Why it matters: This is a major fund size increase for Initialized, which means it should be able to fund more deals on its own, whereas before it was often forced to lead so-called "party rounds."
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According to Instacart's company statement, other investors in the Series D round of funding included: Wellcome Trust, Y Combinator Continuity, Andreessen Horowitz, FundersClub, Khosla Ventures, Kleiner Perkins Caufield & Byers (KPCB), Initialized Capital, Thrive Capital and Valiant Capital.
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The startup is announcing that it has raised $1.1 million in seed funding from Initialized Capital (founded by former Y Combinator partners Garry Tan and Alexis Ohanian), VTF Capital (founded by Tony Hsieh of Zappos) and Haystack Ventures.
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Standard Cognition is only just over a year old, but with the backing of Y Combinator, Alexis Ohanian and Garry Tan's Initialized Capital, and a fast-moving team of seven co-founders, it believes it can outmaneuver Amazon.
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Now Torch is ready to lead the way to better management for more companies, as it's just raised a $10 million Series A round led by Norwest Venture Partners, along with Initialized Capital, Y Combinator and West Ventures.
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Accepted founders were able to spend time in office hours with VCs from firms like Accel, General Catalyst and Initialized Capital and also see presentations and fireside talks from entrepreneurs who have had success raising Series A rounds.
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Traditional video chat vs Around Traditional video chat vs Around "Around is what you get when you rethink video chat for a 21st-century audience, with 21st-century technology," says Initialized co-founder and general partner Garry Tan.
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The Reddit and Initialized Capital co-founder revealed Thursday on Twitter that he had "just applied to join 4 private Natural Hair facebook groups" for the sake of his daughter with wife Serena Williams: 20-month-old Alexis Olympia.
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That includes a previous $2000 million seed round from Bowery, the new $218 million Series A led by Initialized Capital whose partner Garry Tan has joined Zeus' board, and $230 million in debt to pay fixed costs like furniture.
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Existing shareholder Sequoia Capital led the round, and was joined by a group of new and return backers: Wellcome Trust, Y Combinator Continuity, Andreessen Horowitz, FundersClub, Khosla Ventures, Kleiner Perkins Caufield & Byers, Initialized Capital, Thrive Capital and Valiant Capital.
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The co-founder of Initialized Capital and Reddit, who shares 16-month-old daughter Alexis Olympia Ohanian Jr. with Williams, penned a letter for Glamour published on Valentine's Day detailing the ways in which he keeps their romance alive.
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Kim-Mai Cutler is an operating partner for Initialized Capital, an early-stage venture firm and was previously a journalist covering technology, finance and policy issues at TechCrunch -- best-known for her long-form work on the Bay Area.
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"What you have are two strips of land on both sides of the Bay that are flat, high enough above sea-level rise, and not as prone to fire," says Kim-Mai Cutler, an urbanist and a partner at Initialized Capital.
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One of the outfit's seed investors, Initialized Capital, led the round, which also included participation from other earlier backers, including Paul Graham and Jessica Livingston of Y Combinator; founders Emmet Shear and Kyle Vogt, and the venture firm Caffeinated Capital.
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Serena Williams and Alexis Ohanian's 5-month-old daughter Alexis Olympia is the new breakout star in Palm Springs, California, where the Initialized Capital co-founder commissioned four billboards to go up in honor of his wife's competitive return to tennis.
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"I've followed the team at Landed for several years in their mission of providing more equitable access to homeownership to some of the most important community members – our educators and teachers," Initialized Capital partner Kim Mai-Cutler* said in a statement.
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Reddit co-founder Alexis Ohanian has his hands full these days — besides running his latest business, early-stage venture capital firm Initialized Capital and hosting a new podcast, Ohanian is dad to 2-year-old daughter Alexis with wife Serena Williams.
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Brett Gibson, general partner at Initialized Capital and a Shogun board member, made a similar point in a statement: For DTC brands competing against goliaths like Amazon, Shogun Frontend now gives them features and capabilities once only reserved for enterprise companies.
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AdQuick, a marketplace for out of home (OOH) advertising, tells TechCrunch that it has closed a $6 million Series A led by Initialized Capital with participation from WndrCo, Shrug Capital, Work Life Ventures, The Todd & Rahul Angel Fund and rapper Nas.
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"I will be shocked if I have anyone coming to our office anymore that is adamant about building a team in San Francisco or the Bay Area," Initialized Capital founder Alexis Ohanian said at a fireside discussion earlier this year.
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Ohanian, who is the husband of Serena Williams and the co-founder and a managing partner at venture capital firm Initialized Capital, has become a defacto spokesperson in the start-up community for calling out the glorification of working constantly without proper rest.
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On Wednesday, Reddit cofounder (and Serena Williams' husband) Alexis Ohanian announced that he is stepping down from his day-to-day duties at Reddit and returning to Initialized Capital, an early-stage VC firm he co-founded in 2011, as general partner.
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Reddit and Initialized Capital both have a policy of 16 weeks of fully paid leave for all new parents and we encourage the founders of the companies we invest in to be generous with their policies too, especially as they become more established.
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"Everwise is much more bottom up whereas Torch is about the upper levels, and it just sort of made sense" says Garry Tan, partner and co-founder of Initialized Capital that funded Torch's Series A and is also a client of its coaching.
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After two years in stealth, Around's 12-person distributed team reveals that it's raised $5.2 million in seed funding over multiple rounds from Floodgate, Initialized Capital, Credo Ventures, AngelList's Naval Ravikant, Product Hunt's Ryan Hoover, Crashlytics' Jeff Seibert, and angel Tommy Leep.
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In the meantime, Better has plans to grow and has raised $1.1 million to help it do so from Initialized Capital (where former TechCruncher Kim-Mai Cutler has landed, btw) with participation from Ben Blumenfeld and Enrique Allen's Designer Fund and various other angel investors.
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"We're removing the machines that are between people: conveyor belts, cash registers, scanners…" The potential to help worried merchants compete with Amazon has drawn a new $2003 million Series A funding round to Standard Cognition, led by Alexis Ohanian and Garry Tan's Initialized Capital.
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Only then was Yarbrough able to raise a $2.4 million seed round from Initialized Capital, Y Combinator, and other investors, convincing them that data analytics software could enhance the coaching process — as well as coach recruitment — enough to effectively "productize feedback," as he puts it.
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To get a grip on the matter, we caught up with Nicole Quinn from Lightspeed Venture Partners, Ben Lerer and Caitlin Strandberg from Lerer Hippeau, Gareth Jefferies from Northzone, Matthew Hartman of Betaworks Ventures, Alexis Ohanian of Initialized Capital and Luca Bocchio of Accel.
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Because the Apple I didn't have a ROM, and Jobs didn't want to have to program it from scratch any time someone wanted to see it in action, he had a custom EPROM attached to it that initialized the computer with BASIC when it started up.
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The holes, which Rashid described on his blog, allowed for both a "supply chain attack" – meaning a hack that could compromise the device before it was shipped to the customer – and another attack that could allow a hacker to steal private keys after the device was initialized.
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There was a mistaken report that Khosla Ventures had invested, but it was actually just partner Ben Ling out of his own bank account (that said, a source tells me that KV did submit a term sheet, but got beaten out by eventual deal lead Initialized Capital).
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San Francisco seed fund Initialized Capital, for example, has slowed its investment pace to about 20 companies a year, down from 50 to 60 just a few years ago, even though its fund size more than tripled to $125 million, according to managing partner Garry Tan.
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Ping co-founder and CEO Ryan Alshak (Image Credit: Margot Duane) Ping co-founder and CEO Ryan Alshak (Image Credit: Margot Duane) That's why today Ping is announcing a $13.2 million Series A led by Upfront Ventures, along with BoxGroup, First Round, Initialized and Ulu Ventures.
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Initialized Capital's Garry Tan's idea was to require a startup have 50% annual growth to be considered a unicorn, though that would be near-impossible to get them to disclose… While I'm here, let me share a few of the other eclectic responses I received following the above tweet.
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Currently participating in Y Combinator, the startup has already raised $800,000 in seed funding from Initialized Capital, the venture capital firm founded by Alexis Ohanian and Gerry Tan, and is now used at more than 180 retail points by clients including WeWork, Bartell Drugs, Natural Grocers and StockBox.
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Now Silo, a company that recently raised $3 million from investors led by Garry Tan and Alexis Ohanian's Initialized Capital and including Semil Shah from Haystack Ventures, angel investors Kevin Mahaffey and Matt Brezina and The Penny Newman Grain Company, an international grain and feed marketplace, is looking to change that.
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That basically means the last investors like Advance Publications and Wellington Management will do a bit better than break even (due to the "preference stack") while early investors like Maveron and Initialized Capital should make sizable returns (the Series A post-money valuation, for example, was just around $20 million).
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The startup has raised $5.65 million from an all-star list of investors including Alexis Ohanian of Initialized Capital, Align Ventures, Brand Foundry, Wheelhouse Group, Will Smith and his family, the rapper Nas, singer Halsey, YouTube star/late night host Lilly Singh and TV personality/former NFL star Michael Strahan.
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As another example, the meal kit company Gobble, which enables busy parents to prepare healthy dinners in 15 minutes, just closed a $15 million Series B investment led by Khosla Ventures (Andreessen Horowitz, Initialized Capital and Trinity Ventures also participated) — despite both Blue Apron's shaky stock performance and Amazon's entrance into the market.
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"I think the most subtle and effective part of it has been forcing myself to start a timer when I'm logging time, like when I'm working with a portfolio company like Jinx," Ohanian tells CNBC Make It during an interview promoting healthy dog food company Jinx, which Initialized Capital recently invested in.
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We wrote about the company earlier this year when it was part of Y Combinator's winter cohort, and now it has spread its wings with a round led by Initialized Capital — a seed investor in billion-dollar crypto exchange Coinbase — with Y Combinator and a host of angel investors joining in for the ride.
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Now the company she founded to test her thesis that Americans would welcome back the return of the door-to-door salesperson three years ago is $2.5 million richer thanks to a new round of financing from Initialized Capital (the fund founded by Garry Tan and Reddit co-founder Alexis Ohanian) and Semil Shah's Haystack.vc.
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Medivis has launched its augmented reality platform for surgical planning The New York-based company, which was founded by Osamah Choudhry and Christopher Morley, who met as senior residents at NYU Medical Center, raised $2.3 million in financing led by Initialized Capital and has secured partnerships with Dell and Microsoft to supply its hardware.
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Victoire Cogevina and Matias Castello co-founded the company a year ago in San Francisco and have just raised an undisclosed pre-seed round from investors including Initialized Capital, the Los Angeles-based firm Muse Capital, and angel investors including my boss' boss Guru Gowrappan, the chief executive of Verizon Media Group (hi ultimate boss).
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"Marketplaces are at the core of what makes the internet so valuable and useful and the Origin team has one of the most promising blockchain platforms for the new sharing economy — with currency baked in — this could be really disruptive (and one of the best utilizations of the ethereum blockchain)," says Ohanian, the Reddit and Initialized Capital co-founder.
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Ohanian, the founder of Reddit and an active investor through his seed-stage venture firm Initialized Capital, nominated her to WIRED's list of 25 people who will shape the next 25 years, and the two sat down at our anniversary festival in October to talk about where technologists should be investing, where startups should locate themselves, and yes, Olympia.
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"I have a sleeping baby in one arm and my smart phone in the other and would still be like aware, but this was a priority and being present in the house was a priority," said Ohanian, co-founder of Initialized Capital and Reddit, in reference to the time he took off after the September birth of his daughter, Alexis Olympia Ohanian.
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The enterprise SaaS-focused vehicle boasts an impressive roster of limited partners, too, including the likes of Zoom chief executive officer Eric Yuan, InVision CEO Clark Valberg, Twitch co-founder Kevin Lin, Cameo CEO Steven Galanis, Andreessen Horowitz general partners Marc Andreessen and Chris Dixon, Initialized Capital GP Garry Tan and fund-of-funds Slow Ventures, Felicis Ventures and NFX.
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Other participating firms include: 500 Startups, Arena Ventures, Balance Ventures, BeeNext, Binary Capital, Box Group, Brainchild, Caffeinated Capital, Early Impact Ventures, First Round Capital, Founders Fund, GGV Capital, Green Oaks, Greylock, Initialized Capital, Jackson Square Ventures, Liquid 2 Ventures, NEA, Oriza Ventures, Palapa Ventures, Palm Drive Capital, Shasta Ventures, Signia, Slow Ventures, Soma Capital, Struck Capital, SV Angel, Tekton Ventures and Thrive Capital Partners.
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And today, Shogun is announcing that it has raised a $10 million Series A, led by Initialized Capital, with participation from VMG Partners and YC. (The startup has now raised a total of $12 million.) The company's first product, Page Builder, offers a drag-and-drop interface to make it easier for e-commerce brands to build their storefronts on Shopify, BigCommerce, Salesforce and Magento.
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Roman co-founders (from left): Rob Schutz, Saman Rahmanian and Zachariah Reitano Roman co-founders (from left): Rob Schutz, Saman Rahmanian and Zachariah Reitano Roman is funded by a $653 million round led by General Catalyst that also includes Initialized, Box Group and Slow Ventures, as well as angels like Y Combinator partner Aaron Harris, Benchmark's Scott Belsky and the CEOs of Casper, Code Academy and Pill Pack.
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In its first institutional funding round, Oh My Green has raised $20 million from Initialized Capital, Powerplant Ventures, Backed VC, ZhenFund, Talis Capital and the Stanford StartX Fund to bring healthier foods to offices around the U.S. The concierge-style startup, which completed Y Combinator's startup accelerator in 2016, provides businesses in San Francisco, Los Angeles, Seattle, Chicago, Austin, Denver, Boston, New York City and Nashville nutritional snacks and meals.
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If you're interested in helping with the effort (and we hope you will!), you can head over here to bid on time with a long and growing list of VCs, including: Lee himself, Emily Melton of DFJ, Hunter Walk and Satya Patel of Homebrew, Mark Suster and Kara Nortman of Upfront Ventures, Alex Rampell of Andreessen Horowitz, Paul Buchheit of Y Combinator, Kim-Mai Cutler of Initialized Capital, and Bill Trenchard of First Round Capital.
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It is being led by Initialized Capital, the investment firm started by Reddit co-founder Alexis Ohanian and Garry Tan (both had first encountered Atoms and its co-founders, Qasim and CEO Waqas Ali — as mentors when the Pakistani husband and wife team were going through Y Combinator with their previous high-end shoe startup, Markhor); with other backers including Kleiner Perkins, Dollar Shave Club CEO Michael Dubin, Acumen founder and CEO Jacqueline Novogratz, LinkedIn CEO Jeff Weiner, TED curator Chris Anderson, the rapper Chamillionaire and previous backers Aatif Awan and Shrug Capital.
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