Category Archives: founders fund

Safety and inspection bot startup Gecko Robotics adds $7 million to the coffers

Gecko Robotics aims to save human lives at our nation’s power plants with its wall-climbing robots. To continue doing so, the startup tells TechCrunch it has just secured $7 million from a cadre of high-profile sources, including Founders Fund, Mark Cuban, The Westly Group, Justin Kan and Y Combinator. We first reported on the Pittsburgh-based company when co-founder Jake Loosararian came to the TechCrunch TV studios to show off his device for the camera. Back then, Gecko was in the YC Spring 2016 cohort, working with several U.S. power plants […]

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While tech waffles on going public, biotech IPOs boom

For people who make investment decisions based on revenues and projected earnings, biotech IPOs are kind of a non-starter. Not only are new market entrants universally unprofitable, most have zero revenue. Going public is mostly a means to raise money for clinical trials, with red ink expected for years to come. That pattern may be one reason the venture capital press, Crunchbase News included, tends to devote a disproportionately small portion of coverage to biotech IPOs. It’s more exciting to watch a big-name internet company pop in first-day trading or poke fun at […]

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Cyan Banister to tell her story at Disrupt SF

When we look around at some of the Silicon Valley superstars, it’s easy to wonder how they got here. Was it luck? Brute force? Wits? Charm? At Disrupt SF, Founders Fund partner Cyan Banister is going to tell her story, and it might not be the narrative you’d expect. Not everyone in Silicon Valley goes to Stanford or Harvard, but sometimes it’s that alternative perspective that gives someone a leg up. Banister’s history isn’t what you’d expect, and at Disrupt SF she’ll explain where she came from […]

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