Nov 18, 2019

UC Berkeley-focused VC firm raises new fund

Photo: David Madison/Getty Images

The House Fund has raised $44 million for its second fund to back early-stage startups founded by UC Berkeley students, alumni and faculty (though it's independent of the school).

The big picture: UC Berkeley students and alumni have founded a myriad of tech companies but, unlike rival Stanford, the university has long struggled to tie together a community and resources to support those entrepreneurs. After deploying its first $6 million fund, founder and general partner Jeremy Fiance says he plans to double down on artificial intelligence this time around.

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$250 million venture capital firm Piva targets the energy industry

Photo: Faris Hadziq/SOPA Images/LightRocket/Getty Images

A recently formed venture capital firm backed by Malaysian oil-and-gas giant Petronas is going into launch mode.

Driving the news: The San Francisco-based Piva today announced a $250 million fund to invest in "breakthrough technologies needed to usher in a new era of energy and industry."

Go deeperArrowDec 11, 2019

ICE arrested 250 foreign students enrolled in the government’s fake university

Photo: Smith Collection/Gado via Getty Images

ICE has arrested about 250 foreign students since January for immigration violations because they enrolled in a fake university created by federal officials that advertises a graduate program for technology and computer studies, the Detroit Free Press reports.

Background: Federal law enforcement officials created the University of Farmington based in the Detroit metro area in January 2016. The school was staffed with undercover agents acting as university officials. DHS even went so far as to have the fake school listed on its own website, as well as on an accreditation agency's site.

Go deeperArrowNov 27, 2019

International college student enrollment falls for third consecutive year

George Washington University students. Photo: Toni L. Sandys/The Washington Post via Getty Images

A new Institute of International Education report shows that the number of international students newly enrolled in U.S. colleges and universities fell by 1% last academic year, per AP.

Why it matters: The drop marks the third consecutive year that enrollment for international students dipped, following 7% and 3% decreases in the two previous years, which were the first downturns in more than a decade.

Go deeperArrowNov 18, 2019