Austin-based iFly.vc closes $46M second fund from legendary tech founders

To compete with the myriad venture capital firms in Silicon Valley, iFly.vc has a unique vantage point. Its founder Han Shen has straddled the United States and China for several decades. He was the first hire on the investment team of Formation 8, the VC firm...

Edtech stocks are getting hammered but VCs keep writing checks

After years in the backwaters of venture capital, edtech had a booming 2020. Not only did its products become must-haves after schools around the globe went remote, but investors also poured capital into leading projects. There was even some exit activity, with...

Extra Crunch roundup: 2 VC surveys, Tesla’s melt up, The Roblox Gambit, more

This has been quite a week. Instead of walking backward through the last few days of chaos and uncertainty, here are three good things that happened: Google employee Sara Robinson combined her interest in machine learning and baking to create AI-generated hybrid...

Course Hero, a profitable edtech unicorn, raises rare cash

Like any successful founder, Andrew Grauer had bright, long-term ambitions for Course Hero from the moment he launched it in 2006. He started the business to create a place where students could ask questions and get answers similar to Chegg, which launched 15 months...