
Erin Griffith
Writer at The New York Times
New York Times writer covering start-ups and venture capital. 🦄 FOLLOW ME on threads (@ griffitherin), bluesky (@ ering), substack (@ erin), or linkedin!!!
Articles
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2 months ago |
timesofindia.indiatimes.com | Erin Griffith
TrendingGrant Lee's AI startup Gamma is thriving with just 28 employees, achieving significant revenue and profitability. Many AI-driven startups are leveraging technology to maximize efficiency and reduce the need for large teams and funding. The trend raises questions about the future of venture capital investment in such lean and efficient companies. Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money.
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2 months ago |
flipboard.com | Erin Griffith
13 hours agoMAE SOT, Thailand (AP) — Thousands of sick, exhausted and terrified young men and women, from countries all over the world squat in rows, packed shoulder to shoulder, surgical masks covering their mouths and eyes. Their nightmare was supposed to be over. Last month, a dramatic and highly publicized …
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2 months ago |
berkshireeagle.com | Erin Griffith
SAN FRANCISCO -- Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Lee, 41, would normally be flattered. In the past, a fast-growing startup like Gamma, an artificial intelligence company he helped establish in 2020, would have constantly looked out for more funding.
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2 months ago |
nytimes.com | Erin Griffith
Almost every day, Grant Lee, a Silicon Valley entrepreneur, hears from investors who try to persuade him to take their money. Some have even sent him and his co-founders personalized gift baskets. Mr. Lee, 41, would normally be flattered. In the past, a fast-growing start-up like Gamma, the artificial intelligence start-up he helped establish in 2020, would have constantly looked out for more funding. But like many young start-ups in Silicon Valley today, Gamma is pursuing a different strategy.
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2 months ago |
nytimes.com | Erin Griffith |Tripp Mickle
Humane, which marketed its Ai Pin as the next big thing after smartphones, had raised $240 million from investors, including OpenAI's Sam Altman. The pin will be discontinued. An employee wearing the Humane Ai Pin in San Francisco in 2023. Credit... Kelsey McClellan for The New York Times Humane, the ambitious start-up behind the Ai Pin device that aimed to one day replace smartphones, agreed to sell parts of its business to HP for $116 million, the companies said on Tuesday.
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if you didnt see this coming you weren't paying close enough attention https://t.co/L0O9MuI0kH

More barbell effect in venture Mega-VC firms are eating up all the $$ AND they're concentrating the biggest bets in smaller numbers of companies

This is absolutely bananas - and super bad for innovation, customers, and VC returns. LPs need to do their job and insist on risk-seeking, contrarian, diversified investment behavior. "Redpoint: 31% of All VC Money Last Year Went Into Just 20 Deals" https://t.co/uGjmV1zjP3

incredible! i love reading about this time and even majored in "magazine journalism" in hopes of chasing this dream. (by the time i graduated in mid-2000s it was already gone)

I'm screaming. https://t.co/fKV0Sa6Uod