A recent US Securities and Exchange Commission (SEC) filing revealed that Elon Musk’s AI company, xAI, raised £4.78 billion ($6 billion) from 97 investors in exchange for equity. The funds will be used to expedite training its powerful AI model, Grok 3, alongside enhancing technology across SpaceX and Tesla. The Grok AI model will likely … Read more
Opinions expressed by Entrepreneur contributors are their own. If you’re running a business, capital remains the fuel that keeps the engine running. Yet, for startup founders, traditional funding routes like venture capital or bank loans can often feel like a crowded freeway — full of competition, gatekeepers and compromises. The savviest founders throughout history have … Read more
This Side Hustle Spotlight Q&A features Dylan Zajac, 21, a senior at Babson College. At 15, Zajac had a side hustle thrifting and fixing computers. The gig inspired Zajac to found his nonprofit Computers 4 People, which provides refurbished computers to people in need. Responses have been edited for length and clarity. Image Credit: Courtesy … Read more
Across the globe, a new wave of leadership is emerging — 49% percent of startups are founded by bold and resilient women driven to make a significant impact on the world. On this episode of Entrepreneur Elevator Pitch, our board of investors hears pitches from women founders representing three innovative companies in industries ranging from … Read more
This Side Hustle Spotlight Q&A features Justin Soleimani, 34, and Zach Dannett, 35. The duo met as classmates at Emory University and then went on to co-found Tumble. Their Los Angeles-based company sells machine-washable, spill-proof rugs and scaled from zero to $20 million in revenue within 2.5 years. Today, Tumble boasts a team of 10 … Read more
Opening up a pie shop is hard enough. Throw in an abrupt closure from your crowdfunder, and that might make you crazy. That’s exactly what happened to Elias Lehnert, a fourth-generation piemaker who owns Legacy Pie Co., when Mainvest, a Massachusetts-based equity crowdfunding site, announced it was closing. At the end of May, Mainvest sent … Read more
On the season 12 premiere of Entrepreneur Elevator Pitch, contestants hoping to transform their businesses and lives must convince a panel of elite investors that their dreams are worth making a reality. And they only have 60 seconds to do it. This season, the stakes are higher, and the deals are bigger — investors are … Read more
Opinions expressed by Entrepreneur contributors are their own. One minute. That’s it. One minute — or even shorter — is about all the time you have to convince venture capitalists like myself that your startup and idea are worth hearing more about. No pressure. Unfortunately, in the non-stop, always-on-the-move investment world, that’s about as much … Read more
Opinions expressed by Entrepreneur contributors are their own. With U.S. venture capital fundraising at a 6-year low, raising investor capital for your startup has become more challenging than ever. Potential investors are tightening their budgets and adopting a “wait and see” approach before putting their capital at risk. Yet, some of the best startups — … Read more
Minnesota Gov. Tim Walz joked about his “interesting” first week as Kamala Harris’ running mate on the Democratic presidential ticket and criticized Donald Trump’s background on Wednesday during a Denver fundraiser that collected $3 million for the campaign. “This week has been interesting,” Walz told roughly 150 attendees in the backyard of the 33,000-square-foot Phipps … Read more
