During the COVID-19 pandemic, mortgage interest rates dropped to historic lows — as low as 2.5%. Fast-forward a few years and rates soared — to highs nearing 8% in 2023, with the national average 30-year fixed mortgage APR as of April 1 still at 6.84%. The whiplash has left many people seeking to buy homes…
Category: Keith Rabois
Global IT News, Global Security News, Keith Rabois, Khosla Ventures, openai, Venture, Vinod Khosla
Khosla Ventures seeks $3.5B in fresh capital
Khosla Ventures, a firm known for early investments in OpenAI, is raising $3.5 billion across three funds, the Wall Street Journal reported. That target is 17% larger than the firm’s previous 2023 fund haul of $3 billion. About half of the new capital will be allocated to its ninth core venture fund. The remaining money will…
evergreens, Founders Fund, Global IT News, Global Security News, investors, Keith Rabois, Startups, Venture, venture capital
Venture capitalists continue to play musical chairs
From Keith Rabois to Matt Miller, a lot of VCs have switched firms or spun out of storied VC institutions this year. These employment changes are surprising because unlike in many other fields, venture capitalists don’t traditionally move around very much — especially those who reach the partner or general partner level. VC funds have…