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Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage "hard technology" startups valued below ¥500M, or about $71M (Reuters)

Reuters : Chinese state media: China launches three VC funds of $7.1B+ each to back early-stage “hard technology” startups valued below ¥...

6 February 2025

A profile of Joseph Firmage, who founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by "antigravity-machine" investors (Brent Crane/Bloomberg)

Brent Crane / Bloomberg:
A profile of Joseph Firmage, who founded USWeb, which went public with a $2.5B market cap in 1997, and is now being sued by “antigravity-machine” investors  —  Joseph Firmage helped create today's digital economy.  These days, he's being sued by antigravity-machine investors …

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