Madeline Renbarger

New York

Covering venture capital and startups news for Newcomer with @ericnewcomer // Past: @businessinsider // DM me for contact info

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Articles

Health tech is hopping

1 week ago | newcomer.co | Madeline Renbarger

The Week In ShortHinge Health’s IPO was a big win for early investors Insight Partners, Atomico, 11.2 Capital, and Bessemer Venture Partners, but less so for late-stage ones. Now, other healthtechs are cautiously awaiting their public debuts. Emerging fund managers are in dire straits, per Bloomberg’s Kate Clark and Katie Roof. The team at Grammarly gets a billion dollar boost from Pranav Singhvi’s Customer Value Fund. Plus, our investor spotlights featuring Jim Breyer and Leigh Marie Braswell.
SCOOP: OpenEvidence, an AI Assistant for Doctors, in Talks to Raise a New Round of Funding at a $3 Billion Valuation

1 week ago | newcomer.co | Eric Newcomer |Madeline Renbarger

The race to back the next big AI startup for healthcare is heating up. OpenEvidence, a Sequoia-backed AI medical assistant for doctors, is raising over $100 million in fresh funding at a $3 billion valuation, sources tell us. GV and Kleiner Perkins are in talks to lead the funding round. The round isn’t finalized and the total amount of funding could increase, sources tell us. OpenEvidence works like a more medically-savvy ChatGPT.
Stablecoins Dominate Discussions Alongside a Feisty Debate Over LLMs & Services Businesses at Newcomer's Breaking the Bank Summit Yesterday

2 weeks ago | newcomer.co | Eric Newcomer |Jonathan Weber |Madeline Renbarger |Tom Dotan

As Bridge founder Zach Abrams came to the stage yesterday at Breaking the Bank, I called him “the man of the hour.” Abrams’ decision to sell his stablecoin startup to Stripe for $1.1 billion has helped ignite global business interest in the low-cost, crypto-powered, money-moving technology among the traditional finance set. Visa is getting in on the action, planning to launch a stablecoin credit card with Ramp. Stripe has leaned in.
Fintech IPOs Give Hope To a Comeback Despite Market Volatility

3 weeks ago | newcomer.co | Jonathan Weber |Madeline Renbarger

Newcomer’s fintech summit Breaking the Bank is on Tuesday. We’ll have the CEOs of Plaid, Lead Bank, Rogo, Gusto, Kraken, Ramp, and more on stage. Spots are extremely limited, but if you’re a fintech founder, investor, or insider and want to see if you can get a last minute ticket, email [email protected]. The Cerebral Valley AI Summit will be in London on June 25. This Week in ShortBetween eToro’s successful IPO and Chime’s S-1, the financial startup market is showing signs of life.
EXCLUSIVE: Akido Labs Raises $60 Million for AI Assistant for Doctors

3 weeks ago | newcomer.co | Madeline Renbarger

Our Breaking the Bank summit is less than a week away! There’s still time to apply if you’re a fintech founder, investor, or insider. The summit is May 20 in San Francisco. We’ll have the CEOs of Plaid, Lead Bank, Rogo, Gusto, Kraken, Ramp, and more on stage. Spots are extremely limited, so apply now.
OpenAI's Simmering Microsoft Battle & VCs Offloading Shares in Secondaries

4 weeks ago | newcomer.co | Tom Dotan |Eric Newcomer |Madeline Renbarger

OpenAI steals Instacart’s CEO as Sam Altman’s negotiations with partner Microsoft are increasingly shaky. Secondary share sales have become the easiest way for VCs and LPs to land liquidity in this frigid exit market, but some can come at a steep loss compared to a startup’s 2021 valuation. Read on for exclusive data on the current prices for 60+ startups. We also have more details on OpenAI’s decision to call off its for-profit conversion, for now, in a win for Elon Musk.
Trump’s Border Crackdown Spooks International Founders & VCs

1 month ago | newcomer.co | Madeline Renbarger

This week, we heard from 10+ immigrant startup founders and investors who have been making contingency plans after President Trump ramped up immigration enforcement. Sarah Tavel takes a step back at Benchmark, while fresh analysis shows Benchmark is among the highest-performing investors at Series A, alongside the megafunds a16z, Sequoia, and Accel. Elon Musk returns to an impatient Tesla board and Sam Altman’s iris-scanning World network hits the streets.
In Washington, Silicon Valley’s Iconoclasts Cheer an America-First Consensus

1 month ago | newcomer.co | Madeline Renbarger

After years of cool, sometimes hostile relations between the tech sector and the federal government, the once-fringe Silicon Valley cohort that got behind Trump now wields outsized power in Washington — and is leading the charge on the need to beat China at advanced weaponry and AI, and to reinvest in American industrial power.
Microsoft’s Big AI Hire Can't Match OpenAI

1 month ago | newcomer.co | Tom Dotan |Madeline Renbarger

From Tom Dotan, our new senior correspondent, fresh off two years covering Microsoft for the Wall Street JournalAt Microsoft’s annual executive huddle last month, the company’s chief financial officer, Amy Hood, put up a slide that charted the number of users for its Copilot consumer AI tool over the past year. It was essentially a flat line, showing around 20 million weekly users.
AI Keeps VC Dealmaking Afloat While Biotech, Consumer Goods Falter

1 month ago | newcomer.co | Madeline Renbarger

AI dealmaking remains steady while other sectors are suffering, per comments from 20 VCs we checked in with this week. Early stage investors like Precursor’s Charles Hudson have kept chasing the best startups, but retail and biotech companies face a harsher reality. Mark Zuckerberg takes the stand at Meta’s antitrust trial, and Parker Conrad raises even more funding for Rippling. Reminder, don’t forget to apply for Breaking the Bank if you’re a fintech founder, investor, or insider.