VENTURE CAPITAL
GGV Capital is splitting into two independent businesses focused on Asia and the U.S., following a similar move by Sequoia Capital.
Paulo Passoni joined venture capital and growth equity firm Valor Capital Group as a managing partner for the firm's growth equity business.
Sequoia Capital as well as other big names had their deposits backstopped after the collapse of Silicon Valley Bank.
Sequoia Capital is splitting its business into three parts amid the complexities of running "a decentralized global investment business."
Institutional investors have expressed interest in Chinese AI companies as ChatGPT models make the technology accessible.
Venture capital down rounds made up 8.6% of all deals worldwide in 2022, near a five-year high, Preqin reported in a new valuation report.
Venture capital firms are on pace to have the worst fundraising year since 2017, PitchBook and the National Venture Capital Association said.
Investors in SVB Capital's venture capital funds may not be strictly involved in the bankruptcy of Silicon Valley Bank, but it may impact their portfolios.
The venture capital industry could see portfolio markdowns of 25% to 30% in the wake of the Silicon Valley Bank debacle.
Some startup founders and venture capitalists finally started to regain access to their accounts at Silicon Valley Bank.
