Core Insights - The acquisition of Industry Ventures by Goldman Sachs marks a significant move in the venture capital landscape, highlighting the increasing importance of venture capital in driving growth for Wall Street banks [5][12][10] Group 1: Acquisition Details - Goldman Sachs announced the acquisition of Industry Ventures, a venture capital firm managing $7 billion in assets, for $665 million in cash and stock, with potential additional payments of up to $300 million based on future performance [5][9] - The deal is expected to be completed in Q1 2026, with all 45 employees joining Goldman Sachs, and the CEO and core management team being appointed as partners in Goldman Sachs Asset Management [5][6] Group 2: Strategic Rationale - Goldman Sachs aims to enhance its alternative investment platform, which has a scale of $540 billion, by integrating Industry Ventures into its external investment group, XIG, which manages over $450 billion [6][8] - The acquisition is not intended to position Goldman Sachs as a competitor in the venture capital space but rather to leverage Industry Ventures' expertise in secondary transactions, which are becoming increasingly vital in the private equity market [7][12] Group 3: Market Context - The secondary market for venture capital transactions is projected to reach $61.1 billion from June 2024 to June 2025, surpassing the total IPO exit amount of $58.8 billion during the same period, indicating a shift in exit strategies for investors [9][12] - The acquisition reflects a broader trend where banks are increasingly recognizing the value of venture capital firms in diversifying their investment strategies and meeting complex client needs [12][13] Group 4: Implications for the Industry - The deal signifies a potential increase in venture capital acquisitions by financial institutions, as the secondary market becomes a crucial component of private equity investment strategies [11][12] - The transaction may inspire similar moves in the industry, particularly as the U.S. public market continues to face challenges, leading to a greater focus on private market opportunities [13][14]

Group 1 - A new venture capital partnership named Foshan Hemei Zhihang Venture Capital Partnership (Limited Partnership) was established on October 23 [1] - The executing partner is Foshan Huachao Asset Management Co., Ltd. and Yibin Wuliangye Fund Management Co., Ltd. [1] - The total investment amount is 131 million RMB, focusing on venture capital activities [1] Group 2 - The partnership is co-funded by Hainan Shenzhou Zhida Investment Co., Ltd., Sichuan Push Industry Development Fund Partnership (Limited Partnership), Foshan Huachao Asset Management Co., Ltd., and Yibin Wuliangye Fund Management Co., Ltd. [1]

RT Henrick Johansson (@compliantvc)A European founder asked to meet up with meHis startup is only 7 years old but just hit €7,000 MRRIncredibly fast growthI applied for a meeting permit with the EU government to ask permission to meet him for coffee5 months later, the EU government gave the go-ahead and charged a €75 VAT feeWe finally met up yesterday and had an insightful, yet quick 4 hour coffee chat during business hoursI decided to invest €15k into his businessJust got word that it's the 4th-largest ven ...

Core Points - The Startup Battlefield 200 finalists will compete for a $100,000 equity-free prize at TechCrunch Disrupt 2025, judged by influential investors in the venture capital industry [1] - The event is highly anticipated and offers significant savings on registration, with discounts available until the event starts on October 27 [2] Judges Overview - Kirsten Green, Founding Partner of Forerunner, has raised nearly $3 billion in assets under management and has over 25 years of investment experience, focusing on consumer-driven companies [4][5] - Kevin Hartz, General Partner at A*, co-founded Eventbrite and has a strong background in technology investments, having backed numerous successful companies at the seed stage [7]

Core Insights - Redwood Materials has successfully closed a $350 million funding round led by Eclipse Ventures, with participation from NVentures, amid a global push for domestic supply of critical materials [1][2] Group 1: Company Overview - Redwood Materials, founded in 2017 and led by J.B. Straubel, focuses on recycling batteries to recover critical elements such as lithium, cobalt, nickel, and copper [2][3] - The company also provides energy storage systems that support grid services and power data centers [2] Group 2: Market Context - The funding comes at a crucial time when international supply constraints coincide with rising domestic demand for critical materials and energy products in the United States [2] - The growing use of artificial intelligence technologies is driving significant energy demand, further emphasizing the need for domestic supply solutions [1][2] Group 3: Financial and Operational Plans - Following a previous funding round in August 2023 that valued the company at $5 billion, Redwood plans to utilize the new capital to expand its energy storage operations, increase materials production capacity, and grow its workforce [4]

本报讯(记者袁传玺)天眼查App显示，近日，厦门市科创风投合伙企业(有限合伙)成立，执行事务合伙 人为厦门海峡科技创新股权投资有限公司，出资额50亿元，经营范围为以自有资金从事投资活动，由厦 门科技产业化集团有限公司、厦门市炬盛隆投资合伙企业(有限合伙)、厦门海峡科技创新股权投资有限 公司共同出资。 ...

Core Insights - Wealthy families in North America are shifting their investment strategies from high-risk startups to private credit and real estate, with private markets now making up 29% of their portfolios [1][3]. Investment Trends - The North America Family Office Report 2025 indicates that private markets account for approximately $62 billion of the $215 billion managed by North American family offices [3]. - Private credit, direct private equity, and real estate are expected to see increased allocations in 2025, driven by higher interest rates offered to borrowers in private credit [5][4]. Real Estate Focus - Real estate remains a favored investment, with about 75% of family offices holding real estate assets, particularly in industrial and logistics (30%) and residential housing (23%) [6]. Venture Capital Decline - There is a notable decline in early-stage venture investing, which has fallen from its previous top position due to poor performance and disappointing returns from private equity and venture capital [12][13]. Shift in Investment Objectives - A significant shift towards stability is observed, with 48% of family offices prioritizing liquidity improvement and 33% aiming to de-risk their portfolios for 2025 [15]. - Average return expectations for 2025 have decreased to 5%, down from 11% in 2024, with 15% of family offices now anticipating negative returns [16].

Core Insights - Benchmark has experienced significant leadership changes, losing three General Partners (GPs) in the past two years, while also adding a new GP, Everett Randle, who has a strong background in AI investments [1][4][5] Group 1: Leadership Changes - Victor Lazarte, a key figure in Benchmark's investment in HeyGen, has left to start his own VC firm, marking a notable shift in the firm's leadership [1] - Everett Randle, previously a partner at KP, has joined Benchmark, bringing a wealth of experience in AI investments [1][2] - The firm has emphasized a flat organizational structure, valuing equal power and responsibility among partners [5] Group 2: Investment Performance - Benchmark's investments in AI have yielded impressive results, with many projects experiencing rapid revenue growth or securing multiple funding rounds [5] - Recent notable investments include a $25 million Series A round for an AI document product and a $105 million Series B round for Cursor, an AI programming tool [6] - The firm has also led significant funding rounds for AI-related projects, such as $85 million for Exa, which aims to create AI-centric search solutions [7] Group 3: Notable Projects and Valuations - Benchmark's early investments in AI projects like Cerebras have resulted in substantial valuations, with Cerebras recently achieving an $8.1 billion valuation after a $1.1 billion Series G round [8] - The firm has invested in various AI sectors, including AI coding, bug detection, and sales tax compliance automation, showcasing a diverse portfolio [6][8] - Benchmark's involvement in projects like HeyGen and Manus highlights its influence in the Chinese market, with HeyGen achieving $100 million in annual recurring revenue (ARR) [8]

Company Update - Alset AI Ventures Inc. announced the expiry of its early warrant exercise incentive program, which was designed to encourage the early exercise of up to 19,999,993 outstanding common share purchase warrants held by Warrantholders [1] - The Incentive Program expired on September 26, 2025, and no Eligible Warrants were issued during this period [1] Company Overview - Alset AI is an AI-focused venture investment platform that aims to source, fund, and develop companies across the artificial intelligence value chain [2] - The company seeks to provide investors with diversified exposure to emerging applications and infrastructure that enable advancements in AI technologies [2]

Venture capital performance may be measured in ten-year chunks, but only an elite club of firms can claim to have stayed consistent—let alone functional—for anywhere close to that timeframe. David Tisch’s BoxGroup, which boasts 16 years of operation and just closed $550 million in new funding, can claim a spot among those ranks. For Tisch, the secret has been to serve as the Switzerland of VC. Many of the industry’s top outfits gain their reputations from leading monster deals or jockeying for board seats ...