Entrepreneurs

Storied startup accelerator Y Combinator is targeting at least $2 billion, sources told Forbes, in its first major fundraising effort under Garry Tan.

Electric vehicle manufacturer Fisker, a second company of its kind launched by famed car designer Henrik Fisker, announced Monday it will pause production for six weeks as it seeks to avoid potentially going bankrupt amid mounting financial woes.

60% of founders in Startmate’s latest accelerator cohort are women, and 45% of cohorts have been female in the last 5 years. The company is now launching a new initiative it is calling Ladymates.

ModiBodi founder, Kristy Chong, successfully exited her leak-proof underwear business back in 2022, when it was acquired by Swedish retailer Essity for $140 million. Ahead of her appearance at the Forbes Australia Women’s Summit, we go inside the deal room to hear how she did it.

Founders Srinivas Njay and Bruce Kim bootstrapped interface.ai with $1 million of their own capital. Now the VCs are calling—but they’re waiting for the right partner.

Entrepreneur Anna Wright started BindiMaps in 2017. The app provides indoor maps for airports, shopping centres, hospitals, office buildings, libraries, sports grounds, and events.

Ryan Breslow rode his fintech unicorn Bolt to the bank. Then came the lawsuits and money squabbles — and a brutal valuation crash that wiped out much of his fortune.

In an interview, founders Dario and Daniela Amodei told Forbes that Anthropic’s new enterprise-focused model, released Monday, outperforms rivals GPT-4 and Google’s Gemini 1.0 Ultra.

Bridgit Mendler, an actress and singer best known for her roles in Disney Channel’s “Good Luck Charlie” and “Lemonade Mouth,” is adding a CEO title to her resume with her satellite data startup Northwood Space.

Elon Musk took aim at OpenAI CEO Sam Altman again Friday over the company’s decision to abandon its original nonprofit model and make money, stoking a longstanding feud with his fellow OpenAI founder as the firm unveiled a powerful new text-to-video AI tool, Sora.