Newsletter: Week Of Mar. 20th

Exciting Internship Opportunities + Read Up On What IVCC Has Going On!

News: Latest news in VC, and tech at large!

In light of the Silicon Valley Bank debacle gripping startups and VCs in particular, as well as the American Banking Ecosystem at large, Limited Partners and General Partners alike are wondering how to avoid such a debacle in the future. As capital concentrates in the hands of some of the biggest VCs in the world, seeming conflicts of interest with the bank are also seeming to emerge.

IVCC Coverage & Quote of the Day

“Procrastination is the devil in startups. So no matter what you do, you gotta keep that ship moving.”

- Ron Conway

Upcoming IVCC & ITC Event:

Start-Up of The Week: Stability AI

Founded: 2019

Industry: Software / AI

Stage: Seed

Business Model: Stability makes money from their AI products as well as from providing AI consulting services to businesses.

Product: They utilize their open AI tool to create images based on text inputs that are given to it. The tool can execute text commands and turn them into images as well as other forms of media through collective intelligence and augmented technology. Their products help clients develop open AI models for image, audio, language, biology, and video.

Traction: Stability AI has been downloaded by more than 200,000 developers around the world, and their consumer product, DreamStudio, has grown to over 1 million users with more than 170 million images created. They recently raised $101 million through a round led by Coatue, Lightspeed Venture Partners, and O’Shaughnessy Ventures at an estimated valuation of $1 billion.

Job Opportunities

Thentia - Product Operations Intern - Summer 2023: Apply through their job posting

Newton - Product Management Intern - Summer 2023: Apply through their job posting

EQ Bank - Product Intern - Summer 2023: Apply through their job posting

Andreessen Horowitz - Growth Business Strategy & Operations - Summer 2023: Apply through their job posting

Blanc Labs - Business Operation Intern - Summer 2023: Apply through their job posting

Nestle - Shopper Insights Analyst Intern - Summer 2023: Apply through their job posting

Moneris - Partnership Management Intern - Summer 2023: Apply through their job posting

BMO - Strategy & Planning Intern - Summer 2023: Apply through their job posting

Dream Real Estate - Impact Strategy Intern - Summer 2023: Apply through their job posting

PepsiCo - Sales Co-op - Summer 2023: Apply through their job posting

Amazon - Account Representative - Summer 2023: Apply through their job posting

Ceridian - Dayforce Wallet Strategic Development Intern - Summer 2023: Apply through their job posting