Ashton Kutcher's Sound Ventures Aims for New $150M Fund
Ashton Kutcher's Sound Ventures is trying to raise another $150 million fund, according to paperwork filed with the Securities and Exchange Commission.
Founded in 2015 by Kutcher and former talent scout Guy Oseary, the VC firm was created with $100 million from Liberty Media and helped propel Kutcher into one of Hollywood's most active and high-profile investors.
The two previously headed a firm called A-Grade with billionaire Ron Burkle and were early investors in Uber Technologies. Burkle left and the two brought on Effie Epstein to form Sound Ventures.
Sound Ventures' last fund closed in 2018, also for $150 million. Since its inception, the firm has invested in Casper, Bird, Moovit, Robinhood, Gusto and Calm, among other startups.
Over the last decade, Kutcher has sunk more than $3 billion into startups and participated in 177 funding rounds over the past decade, according to Business Insider.
Most recently, the firm invested in transnational credit agency Nova Credit and Helm.ai, an AI platform for driverless cars.
Sound Ventures did not respond to a request for comment.
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Relativity Space, the Long Beach 3D-printed rocket maker, has unveiled plans to create a fully reusable rocket.
CEO Tim Ellis told CNBC that the move is an "obvious evolution" for the company. The announcement comes on the heels of a hefty $500 million round he closed in November.
"It's the same architecture, the same propellant, the same factory, the same 3D printers, the same avionics and the same team," Ellis told the outlet.
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Looking for Bargains on Office Space? Prepare for Sticker Shock. Rents Are Higher Than Before COVID
Nearly a year into the worst pandemic in a century, Los Angeles companies expecting to snap up office space on the cheap may be disappointed.
L.A. office rents have held steady or even gotten pricier since COVID, even as more space has become available as most employees continue to work from home.
"I honestly thought rents would have dropped by now," said Michael Soto, research director at the brokerage Savills Inc. "For a lot of tenants, they are still seeing a bit of sticker shock that prices haven't dropped yet."
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On today's episode of Office Hours, I'm excited for you to get to know Austin Allison, my co-founder and CEO of our company, Pacaso.
Birds were the first dwellers Austin served with his boyhood bird-house business. Now, with Pacaso, our goal is to democratize second-home ownership by enabling people to co-own an amazing second home --- for 1/8 the cost.
Hear his take on what it meant to have his first company acquired, his number one tip on how to keep his crew focused and how to best navigate what seems like weekly iterations of the start-up environment.
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