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LeadGenius
LeadGenius is a privately held software as a service, marketing automation, and demand generation startup located in Berkeley, California. The company uses a combination of artificial intelligence and human computation to identify and communicate with targeted sales leads. The company's crawlers comb through websites, business directories, government filings, and credit data to train a machine learning system for business-to-business sales. LeadGenius is the first crowdsourcing company to set a minimum wage for its workers tied to the cost of living in the country they are working in. The company launched in Y Combinator’s Summer 2011 class under the name MobileWorks. It has since raised $6 million in venture funding from investors such as Sierra Ventures, Andreessen Horowitz, Alexis Ohanian, Mitch Kapor, Dave McClure, and Sam Altman Samuel H. Altman ( ; born April 22, 1985) is an American entrepreneur, investor, programmer, and blogger. He is the CEO of OpenAI and the form ...
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Berkeley, California
Berkeley ( ) is a city on the eastern shore of San Francisco Bay in northern Alameda County, California, United States. It is named after the 18th-century Irish bishop and philosopher George Berkeley. It borders the cities of Oakland and Emeryville to the south and the city of Albany and the unincorporated community of Kensington to the north. Its eastern border with Contra Costa County generally follows the ridge of the Berkeley Hills. The 2020 census recorded a population of 124,321. Berkeley is home to the oldest campus in the University of California System, the University of California, Berkeley, and the Lawrence Berkeley National Laboratory, which is managed and operated by the university. It also has the Graduate Theological Union, one of the largest religious studies institutions in the world. Berkeley is considered one of the most socially progressive cities in the United States. History Indigenous history The site of today's City of Berkeley was the territo ...
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Artificial Intelligence
Artificial intelligence (AI) is intelligence—perceiving, synthesizing, and inferring information—demonstrated by machines, as opposed to intelligence displayed by animals and humans. Example tasks in which this is done include speech recognition, computer vision, translation between (natural) languages, as well as other mappings of inputs. The ''Oxford English Dictionary'' of Oxford University Press defines artificial intelligence as: the theory and development of computer systems able to perform tasks that normally require human intelligence, such as visual perception, speech recognition, decision-making, and translation between languages. AI applications include advanced web search engines (e.g., Google), recommendation systems (used by YouTube, Amazon and Netflix), understanding human speech (such as Siri and Alexa), self-driving cars (e.g., Tesla), automated decision-making and competing at the highest level in strategic game systems (such as chess and Go). ...
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Sam Altman
Samuel H. Altman ( ; born April 22, 1985) is an American entrepreneur, investor, programmer, and blogger. He is the CEO of OpenAI and the former president of Y Combinator. Early life and education Altman grew up in St. Louis, Missouri; his mother is a dermatologist. He received his first computer at the age of 8. He was raised Jewish. He attended John Burroughs School for high school and studied computer science at Stanford University until dropping out in 2005. In 2017, he received an honorary degree from the University of Waterloo. Altman is gay, and has been out since his youth. Career Loopt In 2005, at age 19, Altman co-founded and became CEO of Loopt, a location-based social networking mobile application. After raising more than $30M in venture capital, Loopt was shut down in 2012 after failing to get traction. It was acquired by the Green Dot Corporation for $43.4 million. Y Combinator Altman began as a part-time partner at Y Combinator in 2011. In February 2014, Altman ...
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Dave McClure
David "Dave" McClure is an entrepreneur and angel investor based in the San Francisco Bay Area, who founded the business accelerator 500 Startups (now 500 Global), serving as CEO until his resignation in 2017. He founded Practical Venture Capital soon after, a new venture capital fund that will continue to work with companies he previously funded through 500 Startups. Biography McClure was born in Morgantown, West Virginia and grew up in Columbia, Maryland. He graduated from Johns Hopkins University in 1988 with a Bachelor of Science in Mathematical Engineering. Technology startups McClure founded Aslan Computing, a technology consultancy, in 1994, and sold the company to Servinet/Panurgy in 1998. He subsequently worked as a technology consultant to Microsoft, Intel and other high-tech companies. He was director of marketing at PayPal from 2001 through 2004. He then launched and ran marketing for Simply Hired in 2005 and 2006. After leaving PayPal, McClure became a frequent in ...
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Mitch Kapor
Mitchell David Kapor ( ; born November 1, 1950) is an American entrepreneur best known for his work as an application developer in the early days of the personal computer software industry, later founding Lotus, where he was instrumental in developing the Lotus 1-2-3 spreadsheet. He left Lotus in 1986. In 1990 with John Perry Barlow and John Gilmore, he co-founded the Electronic Frontier Foundation, and served as its chairman until 1994. In 2003, Kapor became the founding chair of the Mozilla Foundation, creator of the open source web browser Firefox. Kapor has been an investor in the personal computing industry, and supporter of social causes via Kapor Capital and the Kapor Center. Kapor serves on the board of SMASH, a non-profit founded by Klein to help underrepresented scholars hone their STEM knowledge while building the networks and skills for careers in tech and the sciences. Early life and education Kapor was born to a Jewish family in Brooklyn, New York, and raised in Fre ...
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Alexis Ohanian
Alexis Kerry Ohanian ( hy, Ալեքսիս Քերի Օհանյան; born April 24, 1983) is an American internet entrepreneur and investor. He is best known as the co-founder and executive chairman of the social media site Reddit along with Steve Huffman and Aaron Swartz. He also co-founded the early-stage venture capital firm Initialized Capital, helped launch the travel search website Hipmunk, and started the social enterprise Breadpig. He was also a partner at Y Combinator. Ohanian is based in Florida, where he lives with his wife, tennis player Serena Williams, and their daughter, Alexis Olympia Ohanian. , Forbes estimated Ohanian’s net worth as $70 million. Early life Alexis Kerry Ohanian was born in Brooklyn, New York. His paternal grandparents came to the United States as refugees after the Armenian genocide. Ohanian's mother was from Germany. He went to Howard High School in Ellicott City, Maryland, where he gave the student address for his graduating class in 2001. ...
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Andreessen Horowitz
Andreessen Horowitz (also called a16z, legal name AH Capital Management, LLC) is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. Andreessen Horowitz invests in both early-stage start-ups and established growth companies. Its investments span the mobile, cryptocurrency, gaming, social, e-commerce, education and enterprise IT (including cloud computing, security, and software as a service) industries. Founding and partnering Between 2006 and 2010, Marc Andreessen and Ben Horowitz actively invested in technology companies. Separately, and together, they invested $4 million in 45 start-ups including Twitter. During this time, the two became known as "super angel" investors. On July 6, 2009, Andreessen and Horowitz launched their venture capital fund with an initial capitalization of $300 million. In November 2010, at a time when the field of venture capitalism was contracting, ...
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Sierra Ventures
Sierra Ventures is an American venture capital firm based in San Mateo, California. It is focused on early stage emerging technology companies. History The firm was founded by Peter Wendell in 1982 in Menlo Park, California. Early investments included Healtheon, Intuit, Micromuse, and StrataCom StrataCom, Inc. was a supplier of Asynchronous Transfer Mode (ATM) and Frame Relay high-speed wide area network (WAN) switching equipment. StrataCom was founded in Cupertino, California, United States, in January 1986, by 26 former employees of t .... The firm is run by managing directors Mark Fernandes, Tim Guleri, and Ben Yu and is based in San Mateo, California. Investments As of 2019, Sierra Ventures had invested over $1.9 billion. The firm's initial investment averages between $500,000 and $7 million and on average it invests up to $15 million over the life of a company. Sierra Ventures’ CXO Advisory Board, a group of Global 1000 Chief Information, Technology, Data, Security, ...
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Y Combinator (company)
Y Combinator (YC) is an American technology startup accelerator launched in March 2005. It has been used to launch more than 3,000 companies, including Airbnb, Coinbase, Cruise, DoorDash, Dropbox, Instacart, Quora, PagerDuty, Reddit, Stripe and Twitch. The combined valuation of the top YC companies was more than $300 billion by January 2021. The company's accelerator program started in Boston and Mountain View, expanded to San Francisco in 2019, and has been entirely online since the start of the COVID-19 pandemic. ''Forbes'' characterized the company in 2012 as one of the most successful startup accelerators in Silicon Valley. History Y Combinator was founded in 2005 by Paul Graham, Jessica Livingston, Robert Tappan Morris, and Trevor Blackwell. From 2005 to 2008, one program was in Cambridge, Massachusetts, and one was in Mountain View, California. As Y Combinator grew to 40 investments per year, running two programs became too much. In January 2009, Y Combinator an ...
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Cost Of Living
Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Definition Cost of living is the cost of maintaining a certain standard of living. Changes in the cost of living over time can be operationalized in a cost-of-living index. Cost of living calculations can be used to compare the cost of maintaining a certain standard of living in different geographic areas. Differences in cost of living between locations can be measured in terms of purchasing power parity rates. Cost-of-living adjustment (COLA) Employment contracts and pension benefits can be tied to a cost-of-living index, typically to the consumer price index (CPI). A ...
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Minimum Wage
A minimum wage is the lowest remuneration that employers can legally pay their employees—the price floor below which employees may not sell their labor. Most countries had introduced minimum wage legislation by the end of the 20th century. Because minimum wages increase the cost of labor, companies often try to avoid minimum wage laws by using gig workers, by moving labor to locations with lower or nonexistent minimum wages, or by automating job functions. The movement for minimum wages was first motivated as a way to stop the exploitation of workers in sweatshops, by employers who were thought to have unfair bargaining power over them. Over time, minimum wages came to be seen as a way to help lower-income families. Modern national laws enforcing compulsory union membership which prescribed minimum wages for their members were first passed in New Zealand in 1894. Although minimum wage laws are now in effect in many jurisdictions, differences of opinion exist about the benefit ...
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