While AI saw unprecedented investment in 2022 with $123 billion poured into tech startups, that number halved to $66 billion in 2023. What’s even more striking is that over $40 billion of that went to just five companies in the large language model space. The future of AI investments lies in balancing power with purpose—ensuring that transformative technologies are deployed thoughtfully and inclusively to benefit society at large.
In a challenging fundraising environment, we've successfully raised just under $25 million for our second CityRock fund. CityRock Fund II is focused on Series A investments in high-growth, impactful, and diverse companies. Our dedication to supporting underrepresented founder groups and companies with a positive impact on people or the planet remains stronger than ever.
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Do diverse founding teams have an impact on achieving unicorn status? Diversity fosters resilience, resourcefulness, and a broader talent pool, making diverse teams more effective.
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Cap Tables are a crucial and illustrative source of information about a company. For founders, the cap table can be used as a toolkit to create more supportive financing structures and more.
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