Paige adds $5M from Goldman Sachs
Tech Crunch, April 23rd, 2020

The round comes from Goldman Sachs, specifically its merchant banking division, and is an extension to the Series B of $45 million that Paige announced in December 2019 led by Breyer Capital. Leo Grady, Paige’s CEO, said that the startup has not been doing any COVID-19-related work — its focus is squarely on cancer research at the moment — but he also said that the recent health pandemic has shone a light on some of the shortcomings that existed in the medical world, an area that Paige is addressing in its work….

“Paige’s leadership is doing a fantastic job in building a stellar team and seizing opportunities in this exciting market,” added Jim Breyer, founder and CEO of Breyer Capital, also in a statement.

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New Portfolio Company: Swivel

Swivel has developed an agile leasing platform and network. The startup just raised $8 million in Series A funding led by Jim Breyer of Breyer Capital (who’s also backed the likes of Facebook and Spotify). Breyer is contributing $5 million of the capital. The company plans to use its new capital primarily to expand across the U.S. in 2020. It is in talks with landlords in Boston, New York, Northern Virginia, Charlotte, N.C., Los Angeles, Salt Lake City, Utah, Denver and San Francisco.

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CNBC’s Sara Eisen and Jim Breyer join “Closing Bell” from Davos, Switzerland.
CNBC, January 22nd, 2020

CNBC’s Sara Eisen and Jim Breyer from Breyer Capital join “Closing Bell” for an exclusive interview from Davos, Switzerland. Jim discusses the state of venture capital investing, artificial intelligence, and the potential for China <> US technological collaboration.



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Elemental Cognition Adds Three Notable Advisors
October 10, 2019

Elemental Cognition, the artificial intelligence company founded and led by Dr. David Ferrucci, creator of IBM’s Watson, and funded to date by global asset manager Bridgewater Associates, has appointed three noteworthy investors to the company’s Board of Advisors.

Jim Breyer (founder and CEO of Breyer Capital), Chris Varelas (founder and Managing Partner of Riverwood Capital), and Sam Palmisano (former CEO of IBM) each bring unique expertise and perspective to Elemental Cognition’s mission to change how machines learn, understand, and interact with humans. In addition to their appointment, Jim, Chris, and Sam have invested in Elemental Cognition along with the Stanford Engineering Venture Fund.

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Facebook acquires Ctrl-labs
Venture Beat, September 23rd 2019

Facebook this evening announced it intends to buy Ctrl-labs, a New York-based startup developing a wristband that translates musculoneural signals into machine-interpretable commands.

Ctrl-labs CEO and cofounder Thomas Reardon will join Facebook, as will other employees who opt to do so. Prior to the acquisition, Ctrl-labs raised $67 million from investors including GV (Google’s venture capital arm), Amazon’s Alexa Fund, Lux Capital, Spark Capital, Matrix Partners, Breyer Capital, and Fuel Capital.

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A New Sputnik Moment
Fortune, 18 September 2019

When it comes to Donald Trump’s China policy, there is, as journalist Thomas Friedman puts it, a “method to his madness” but also “madness to his method.” Trump was right to single out China a challenge facing the U.S., and he showed more courage than his predecessors in confronting China on policies that violate global norms. But his tariffs and tariff threats have, in many cases, been counterproductive, inflicting as much pain on the U.S. as on China.

So what would a more sane U.S. policy look like? Well, first of all, it would include offense, as well as defense. That’s the message of a new report out this morning from a group assembled by the Council on Foreign Relations, entitled Innovation and National Security. The group was chaired by retired Admiral William McRaven and McKinsey’s James Manyika, and included ex-Google CEO Eric Schmidt, investor Jim Breyer, former DARPA head Regina Dugan, investor Reid Hoffman, Berkeley business professor Laura Tyson, and more. Its conclusion: U.S. leadership in innovation is at risk, and “the government and the private sector must undertake a comprehensive and urgent response” to retain it.

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