An influential group of media ex-journalists is forming a venture capital business that will focus on making early investments in digital startups. read: tweet
https://twitter.com/niubi/status/167372329
It’s crucial because the failure of FTX, which came after a number of startups were recently exposed as being corrupt, has brought to light the often lenient criteria that investors sometimes employ when allocating funds during early-stage company fundraisers.
Outside the Box Investments, the new company, is completing a $50 million fund raise which will be utilized to support early-stage software businesses.
In terms of returns, Tarbox thinks that media “have an outsized record” when it comes to venture capital funding. It revolves around the reality that they pose newer, superior queries right away.
Before transitioning to investment banking, Katherine Tarbox worked as a journalist in the beginning. Her most recent position was as an investment banker at SVB Securities, which was acquired in a management buyout when Silicon Valley Bank failed.
The organization intends to fund smaller pre-seed and seed investment deals for businesses that specialize in technology that supports AI-enabled sectors as well as businesses that assist certain industries, like games or agriculture.
Adi Ignatius, editor-in-chief of the Harvard Business Review, Bethany McLean, co-author of “The Smartest Guys in the Room” and host of a podcast, Antoine Grant, an investor and former employee of McKinsey, and Roy de Souza, a tech entrepreneur, will all act as advisers and members of the company’s board.
