Tag Archives: venture capital

The newly proposed structure keeps the nonprofit in control, though Monday’s blog post didn’t go into detail about what exactly that will look like. The company specified that its current for-profit subsidiary will become a public benefit corporation (PBC), which is how its competitors Anthropic and xAI are set up. …

“To the extent you are midstream in raising capital, get that closed as soon as possible. We repeat, close anything midstream ASAP,” Hazard wrote. “And be really judicious about how your capital is being deployed.” Managing partner Charles Hudson told WIRED that his venture firm, Precursor, has stakes in several …