The Goldman Sachs technology M&A team, led by Sam Britton, has cashed in on its software focus and decades of experience to dominate 2019's biggest deals.Technologyread more
American small and medium-size companies that rely on China are scrambling to adjust their business plans in response to the escalating trade war.Traderead more
Here are the products that stand to be the most affected by China's new tariffs on $75 billion worth of U.S. goods.Marketsread more
The summit comes amid fears over a global economic slowdown, and U.S. tensions over trade allies, Iran and Russia.Politicsread more
The world's second biggest economy is past a point where it cannot ignore its enormous debt anymore, according to an analyst.China Economyread more
Carl Medlock used to work at Tesla. Now he's one of the few people in the U.S. that can fix the company's original Roadster electric vehicles.Technologyread more
Trump does have some powerful tools that would not require approval from U.S. Congress.Politicsread more
Stocks dropped after Donald Trump ordered that U.S. manufacturers find alternatives to their operations in China.US Marketsread more
As demand for lab monkeys continues to rise, U.S. scientists are reporting delays in research projects because they can't obtain enough animals, according to the National...Politicsread more
The European Union will respond in kind if the U.S. imposes tariffs on France over digital tax plan, EU chief Donald Tusk told G-7.Technologyread more
Trump said he will raise tariffs on $250 billion in Chinese goods to 30% and hike duties on another $300 billion in products to 15%.Politicsread more
Now, it's the latest technology firm to get serious about health care.
On Friday, it formerly announced its new bioengineering practice and a new investor: Dylan Morris, who joined the fund from Eric Schmidt-backed Innovation Endeavors. Prior to that, Morris co-founded a medical device company called Integrated Plasmonics.
CRV isn't the first venture firm to explore this space. Andreessen Horowitz also has a bio fund, led by health-technologist Vijay Pande, and Founders Fund, GV, Khosla Ventures, Menlo Ventures, among others, are stepping up their investments in health-tech. Some firms have hired practicing doctors and other medical experts to help guide their investment decisions.
For CRV, it all started when general partner, George Zachary, had a cancer scare. Zachary, who shared his story with CNBC, ultimately made the decision to focus on companies at the intersection of technology and health, after learning that he had a rare, benign tumor. "My experience as a patient was insane," he said. "I couldn't believe how screwed up the health system was."
The fund will have locations in both Boston and Palo Alto.
Via a Medium blog post, describing the bioengineering focus:
Recent advancements in AI, machine learning and big data are opening up entirely new ways to improve and redesign biologics; from synthetics to human health, diagnostics and therapeutics to ecological applications. We're interested in efforts to cure diseases & the application of new technologies to prevent the onset of disease, so that people can live longer, healthier lives.