technology ·
Silicon Valley Start-Ups Face a Future Without Jensen Huang’s Money
Huang championed start-ups, with Nvidia holding $48 billion worth of stakes in 229 private companies, including OpenAI and Anthropic, at the end of July.
The Nvidia chief executive became a godlike figure in the start-up ecosystem, not just because the industry idolized him as one of the world’s most successful entrepreneurs. Huang, 63, also made it his mission to help start-ups gain a foothold against the industry’s biggest and most powerful tech companies, providing funding and computing power.
“As many good ideas as we have, you don’t have all the world’s good ideas,” he said on the Acquired podcast in 2023. Huang’s abrupt resignation from Nvidia on Thursday has investors and start-up founders nervous that they have lost a powerful ally.
