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The Second Act of the DOGE Bro
And DOGE alumni make splashy announcements about entering complex industries with scant qualifications while promising to “root out waste. ”This, at least, is the premise of Special, a newly announced start-up co-founded by Justin Fox and Nate Cavanaugh, two former Department of Government Efficiency staffers who left the federal government “motivated to extend the ethos of our work at DOGE back into the private sector,” as they wrote on Special’s website. The company officially launched...
Use It or Lose It
Even in an age of unintended metaphors, few can compare to the scene that unfolded one winter morning five years ago on a street corner in downtown Washington, D.C.A group of men gathered in front of the seven-story building at Pennsylvania Avenue and Sixth Street Northwest, just a short walk from the Capitol, and prepared for an act of careful destruction. Their task was to do away with the colossal facade overhead. Slab by slab, they removed the Tennessee pink marble.
Silicon Valley’s new buyout playbook is hitting Wall Street
Venture capital is buying its way into the artificial intelligence transformation that enterprise software hasn't delivered. Instead of selling AI tools to companies, venture firms are buying legacy companies outright and rebuilding them around AI from the inside. The bet puts VCs on offense and leaves traditional private equity, which spent the last cycle buying enterprise software at peak prices, on defense.
The DOGE Boys Get VC Funding to Support Their Latest Enterprise
Former members of the so-called Department of Government Efficiency (DOGE) have launched a startup to, they say, bring “DOGE for the private sector.” Their holding company, called Special, has backing from billionaire Marc Andreessen’s venture capital firm a16z and several other former DOGE members. In a post on a16z’s Substack, Nate Cavanaugh and Justin Fox, who led DOGE’s efforts at several government agencies, write that their startup will build “an operating system to transform critical...
Sriram Krishnan, Trump's Indian-origin AI brain, to exit White House
TOI Correspondent from Washington: Sriram Krishnan, the Indian-born technology investor who helped shape the Trump administration's artificial intelligence strategy and became one of the most influential Silicon Valley voices inside the White House, announced Saturday that he will leave his post at the end of the month. Krishnan's departure marks the end of an unusual chapter that saw a Chennai-born immigrant become one of the principal architects of America's AI policy at a time of MAGA...
Partiful Is Putting Ticket Payments on Its Platform
It can’t be all party all the time. Eventually, somebody’s got to pay the piper. That looks to be the case for Partiful, the popular social events platform that people use to plan parties big and small.
OpenRouter raises $113M Series B
OpenRouter Raises $113M Series B OpenRouter · Today we're announcing our $113M Series B, led by CapitalG(opens in new tab) (Alphabet's independent growth fund), with participation from NVentures(opens in new tab) (NVIDIA's venture capital arm), ServiceNow(opens in new tab) Ventures, MongoDB(opens in new tab) Ventures, Snowflake(opens in new tab) Ventures, Databricks(opens in new tab) Ventures, AMP PBC(opens in new tab), and Pace Capital(opens in new tab), alongside our existing investors...