Leadership from the House Select Committee on the Chinese Communist Party (CCP) is launching investigations into several U.S. companies that it claims are funding China’s development of artificial intelligence (AI) and military modernization. Select Committee Chairman Mike Gallagher (R-Wis.) and Ranking Member Raja Krishnamoorthi (D-Ill.) sent letters to the leaders of four American venture capital…
US Venture Capital Firms Are Supporting China’s Military: House Panel
July 19, 2023
admin
Business & MarketsCCPChinaChina NewsCompaniesFinance & Business TiesInternational RelationsmilitaryNational SecurityPoliticsSpecial TopicsTech CompetitionThreat from Communist ChinaUSUS NewsUS-China relationsventure capital
0 Comment
American Startups Facing a Tough Situation in 2023, With Little Sign of Relief
July 18, 2023
admin
Business & MarketsCompanieseconomic policieseconomyinflationInvestmentMarketsMedia & Big TechrecessionSilicon ValleystartupsTechTech NewsUSUS Newsventure capital
0 Comment
It is becoming more apparent that American startups are facing a bad year, and financial relief is far from coming. Higher interest rates, a shaky U.S. economy, and the recent banking crisis have led to a shortage of funds for capital-hungry startups in their early stages, along with less opportunity for those in late-stage development…
IN-DEPTH: Squeezed By East–West Tension, Sequoia Capital Splits
July 2, 2023
admin
Boyu CapitalCCPChina Business & EconomyChina NewsNeil ShenSequoia Capitalsequoia chinaUS-China relationsventure capital
0 Comment
“America’s pre-eminent investment firm is employing a member of the Chinese government.” That comment, made by tech executive Brian Costello on Steve Bannon’s “War Room” podcast on June 27, reflects the ongoing attention surrounding the recent Sequoia Capital split, following scrutiny of the firm’s ties to the Chinese Communist Party (CCP). The venture-capital giant announced…
US Venture Capital Firms, Financial Firms Should Stop Backing Red China
May 30, 2023
admin
Business & MarketsBusiness ColumnistsChinaChina Business & EconomyChina NewsOpiniontech startupsThinking About Chinaventure capital
0 Comment
Commentary China’s tech startup and venture capital boom over the last decade has produced some household names while stoking concerns that it would one day surpass innovation out of Silicon Valley. But that momentum has waned recently. Various reasons have dampened international funding into Chinese tech startups, including pandemic restrictions, the communist authority’s crackdown on…
Venture Capital Funding for Start-Ups Plummets, Fewest Deals in Five Years
April 6, 2023
admin
Business & MarketsCompaniescryptocurrencyeconomic policieseconomyinflationInvestmentMarketsSilicon Valley BankstartupsstocksUSUS Newsventure capital
0 Comment
Venture capital funding for start-ups plummeted by more than half in the first quarter of 2023 compared with the year before. The period saw a massive slowdown in the tech industry, as the number of new funding agreements fell to less than 3,000, a 55 percent decline and the lowest level in more than five years. American-based…
Tech Sectors Expects Collapse of SVB to Have ‘Chilling’ Effect on Investments
Members of Canada’s technology sector say they’re worried the collapse of the Silicon Valley Bank (SVB) will have a chilling effect on investments in the already-hampered sector. They say some Canadian startups have been worried about cash flow and many are fretting how they’ll raise their next round of funding after U.S. regulators closed the…
Impact of Silicon Valley Bank’s Fall on Startup Community
March 14, 2023
admin
Business & MarketseconomyEpochTVNTD BusinessSilicon Valley BankstartupsTechTech NewsUSUS Newsventure capital
0 Comment
Silicon Valley Bank (SVB) was the go-to bank for many startups for years. How has its fall affected the startup community? We talk to startups that have been impacted by SVB’s fall to get their stories. One firm we spoke to moved over $600,000 out of SVB during the bank run. Alison Greenberg, CEO of…
US Venture Capital Investment Drops 65 Percent in 2022, Lowest Level Since 2013
Commentary Venture capital investment is down in the United States. The fundraising environment has become not only tougher for people in venture capital funds but also for entrepreneurs looking to raise capital to build a business. Prequin is a service that tracks all kinds of data in venture capital. According to its numbers, venture capitalists…
Venture Capital Industry Records All-Time-High Deals in 2021: Report
January 15, 2022
admin
Business & EconomyCompaniesInvestmentSan Francisco Bay Areastartup fundingventure capitalventure capitalism
0 Comment
Venture capital fundraising ended 2021 with the biggest numbers ever registered, based on data from a recent report published by industry veterans, at a time when companies across the country emerge out of the pandemic but face an Omicron-tainted recovery. The best year for Venture Capital (VC) funding saw U.S. companies raise nearly $330 billion,…
Sovereign Wealth Funds Create New Trillion-Dollar Record From Robust Returns
Assets under management held in sovereign wealth and public pension funds reached a record $31.9 trillion due to strong returns from American stock markets and rising oil prices as global economies recover from pandemic-era lockdowns. Sovereign wealth funds (SWF) grew 6 percent from $9.9 trillion in 2020 to $10.5 trillion last year, passing the $10…
US News
RSS Error: A feed could not be found at `https://www.theepochtimes.com/c-us/feed`; the status code is `200` and content-type is `text/html; charset=utf-8`