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SOSV, the global venture firm, just closed a $100 million fund to back its maturing startups

Sean O’Sullivan, the founder of the global venture outfit SOSV, has slowly but steadily built up a sizable operation over the years. SOSV started off as a family office, investing the capital of O’Sullivan after he cofounded two companies, including MapInfo, an outfit that went public in 1994 before Pitney Bowes acquired it years later,…
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12 June 2021 0

The air taxi market prepares to take flight

Twelve years ago, Joby Aviation consisted of a team of seven engineers working out of founder JoeBen Bevirt’s ranch in the Santa Cruz mountains. Today, the startup has swelled to 800 people and a $6.6 billion valuation, ranking itself as the highest-valued electric vertical take-off and landing (eVTOL) company in the industry. As in any…
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11 June 2021 0

Michael Brown, the new chair of the powerful lobbying group NVCA, shares his agenda

Michael Brown, a longtime general partner with Battery Ventures, was just elected to the role of chairman of the National Venture Capital Association three years after joining its board of directors. Earlier this week, we caught up with Brown to ask about his new, year-long role with the 48-year-old trade group — and what issues…
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11 June 2021 0

Billionaire Invenergy founder hit by hacker extortion attempt

The clean energy company Invenergy said on Friday that it had been hacked but that it did “not intend to pay any ransom”, after one of the world’s most notorious ransomware gangs threatened to leak embarrassing details about its billionaire chief executive.  The Chicago-based private company, best known for building big wind and solar farms,…
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11 June 2021 0

Ransomware attacks must be stopped — here’s how

The writer is a former head of MI6, Britain’s Secret Intelligence Service, and a founding partner of Vega Cyber Associates It is easy to feel helpless in the face of a threat as amorphous and apparently random as ransomware. But, like all cyber security issues, it is not so much a technology problem as a…
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11 June 2021 0