Senior editor @Forbes covering venture capital and tech. Edit the Midas List, Cloud 100 and 30 Under 30 VC. Plus one to @N_Sportelli. email: akonrad@forbes.com
Oct 28 • 5 tweets • 3 min read
Venture capitalist Gili Raanan built a unicorn machine at Cyberstarts, behind Wiz, Fireblocks and others. Then came conflict of interest complaints that forced changes.
My latest investigation with @_IainMartin and @iblametom for @forbes: forbes.com/sites/iainmart…
At the core of Cyberstarts' controversy is Sunrise, its adviser program for CISOs to meet with its startups.
The program was useful. But it had an unusual setup: advisers could opt in to share in the fund's profits, to the tune of $250,000 per fund 👀
When Matt Huang and Fred Ehrsam raised $400M for their new fund Paradigm in 2018, they did something bold: put it all into Bitcoin.
The trade is already up 3x. But the ex-Sequoia partner and Coinbase cofounder have a bigger goal: bring crypto mainstream.
forbes.com/sites/alexkonr…
Since leaving Sequoia and Coinbase to launch Paradigm in 2018, @matthuang and @FEhrsam raised $750M to invest in a mix of crypto coins, tokens and startups.
And they got backers like Harvard, Stanford and Yale behind their unusual strategy.
Three years ago, UiPath was an unknown little Romanian startup. Today, it's a $7 billion global leader in a red-hot new area of tech called RPA.
Beyond excited to share my latest @Forbes cover story on UiPath CEO Daniel Dines, the first bot billionaire.
forbes.com/sites/alexkonr…@Forbes I flew to Bucharest in July to meet with Dines, who moved his HQ to NYC but still goes back to Romania each summer. My goal: figure out how @UiPath had gone from off the radar to #Cloud100 No. 3 company, 3,200 employees and a $7B valuation overnight.
My aunt sent a gif of Steve Harvey clapping to the whole fam and my grandma went to the Verizon store to make it stop
"It's 5:30 pm and he's STILL clapping"
I would give any amount of money to have seen the face of the Verizon staffer my grandma asked to stop the gif