logo
Steve Aoki Launches Venture-Focused Aoki Labs

Steve Aoki Launches Venture-Focused Aoki Labs

Global DJ, producer, and entrepreneur Steve Aoki launched Aoki Labs to fund investments at the intersection of entertainment, wellness, consumer innovation and longevity.
'This is about channeling the same energy and curiosity I've brought to music into a new chapter – one focused on investing in things that make life better,' said Aoki, in a statement. 'Whether it's longevity, mental performance or culture-shifting consumer brands, I want to help build the future I want to live in and create a better world for future generations. That means backing founders and companies who share that passion and purpose.'
Aoki has been a private investor for decades and was an early investor in Uber and Pinterest. Aoki Labs formalizes these efforts into a structured investment vehicle. He will work alongside founding partners and his longtime managers Matt Colon and Dougie Bohay, with Tashi Nakanishi serving as the CEO. Nakanishi brings deep venture experience, having co-founded Dreamers VC with Keisuke Honda and Will Smith, and launched X&KSK, alongside one of Japan's first influencer-led investment vehicles.
'This fund reflects a serious commitment to long-term value for founders, for culture and for human health,' said Nakanishi, in a statement.
Aoki Labs' early portfolio includes Audio Media Grading (a collectibles grading company founded by Aoki in 2022), Mantel (Alex Ohanian's content and community platform for collectors), Freaks of Nature (Kelly Slater's skincare line) and Neuro (functional gum and mints for energy and focus). Aoki has also invested in Sanzo, an Asian-inspired sparkling water, and focuses on AAPI-led ventures across wellness and lifestyle with a mission to expand access and amplify diverse voices in venture.
Information for this article was sourced from Aoki Labs.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Domino's belated stuffed crust and delivery investments drive 3.4% sales growth
Domino's belated stuffed crust and delivery investments drive 3.4% sales growth

Yahoo

time25 minutes ago

  • Yahoo

Domino's belated stuffed crust and delivery investments drive 3.4% sales growth

You can find original article here Nrn. Subscribe to our free daily Nrn newsletter. Domino's Pizza reported 3.4% same-store sales growth for the second quarter ended June 15 — its highest sales rate in a year — as the Ann Arbor, Mich.-based chain's "Hungry for More" strategy began to pay dividends. CEO Russell Weiner attributed the healthy quarterly performance to the successful launch of the company's first stuffed crust pizza and the expansion of delivery partnerships with Uber Eats and DoorDash. Domino's Pizza rolled out Parmesan stuffed crust pizza early in the second quarter, notably becoming the last major quick-service pizza chain to offer stuffed crust pizza, prompting Pizza Hut to call out its competitor for bandwagon innovation 30 years after Pizza Hut came out with stuffed crust. 'Customers love Parmesan stuffed crust pizza,' Weiner said during a call with investors on Monday. 'The early read shows that the addition of stuffed crust should be a market share catalyst for us over time, as this was a big reason why Domino's customers would go elsewhere in the past.' Domino's was also a late entrant into the delivery aggregation channel, as the company for years held out by only offering first-party delivery as a brand differentiator. The pizza chain first announced a brand-first partnership with Uber Eats in 2023, which expanded to DoorDash in April. Weiner mentioned that last quarter, both the delivery and carryout businesses were strong, while the company had previously relied on the carryout channel to drive revenue growth. 'The expectation is that our sales on DoorDash will build as awareness and marketing increases,' Weiner said. 'We're now fully rolled out on the two largest aggregators, and with the stuffed crust, we now have all the major crust types on our menu. We have never had this many tools at our disposal to capture market share. This will be how we drive best in class results and long-term value creation for our franchisees and shareholders.' Besides catching up to competitors with menu innovation and delivery partnerships, Domino's is focusing on its loyalty program, which was revamped in 2023, and continues to be a growth driver for the brand as membership increases. 'I expect Domino's Rewards to be a multi-year sales driver,' Weiner said. 'We have a strong slate of initiatives ready to go for the rest of the year, including our 'Best Deal Ever' promotion, which is currently running through early August. We will continue to give customers what they want, which is more value in an environment where they remain pressured.' For the second quarter ended June 15, Domino's net income declined 7.7% to $131.1 million, or $3.81 per share, compared to $142 million, or $4.03 a share, in the prior-year period. Revenues increased 4.3% to $1.15 billion, compared to $1.1 billion in the same quarter last year. Domino's opened 178 net new stores globally, for a total of 21,536 locations. Contact Joanna at Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Pinterest (PINS) Stock Is Up, What You Need To Know
Pinterest (PINS) Stock Is Up, What You Need To Know

Yahoo

timean hour ago

  • Yahoo

Pinterest (PINS) Stock Is Up, What You Need To Know

What Happened? Shares of social commerce platform Pinterest (NYSE: PINS) jumped 3.2% in the morning session after an upgrade from analysts at Morgan Stanley, who boosted their rating on the stock to "Overweight" from "Equal Weight." The investment bank also raised its price target on the visual discovery engine's shares to $45 from $37, suggesting a potential upside of about 21% from its previous close. Morgan Stanley's increased optimism is based on the belief that Pinterest's investments in technology, particularly GPU-enabled innovations, are starting to pay off. Analysts at the firm noted that checks within the advertising industry show improved ad efficiency, relevancy, and performance-driven growth on the platform. This has led them to forecast revenue growth of 17-18% for Pinterest in the second half of 2025, which is about 4% above the general consensus on Wall Street. An "Overweight" rating generally means an analyst believes the company's stock will perform better than others in its sector. After the initial pop the shares cooled down to $37.87, up 2% from previous close. Is now the time to buy Pinterest? Access our full analysis report here, it's free. What Is The Market Telling Us Pinterest's shares are quite volatile and have had 17 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 5 months ago when the stock gained 26% on the news that the company reported fourth-quarter results, which beat analysts' revenue and EBITDA expectations. Its quarterly guidance for both metrics outperformed Wall Street's estimates. The growth was driven by a record-high 553 million global monthly active users (MAUs), up 11%, and a 6% increase in global average revenue per user (ARPU)​. Overall, we think this was a good quarter with some key metrics above expectations. Following the impressive performance, Bernstein upgraded the stock from Hold to Buy, adding, "It's possible that this quarter was a one-off, though we see enough evidence in execution to believe the pace of progress is sustainable." Pinterest is up 23.8% since the beginning of the year, and at $37.87 per share, it is trading close to its 52-week high of $41.10 from July 2024. Investors who bought $1,000 worth of Pinterest's shares 5 years ago would now be looking at an investment worth $1,472. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

TechCrunch Mobility: Uber makes a bet on premium robotaxis
TechCrunch Mobility: Uber makes a bet on premium robotaxis

Yahoo

timean hour ago

  • Yahoo

TechCrunch Mobility: Uber makes a bet on premium robotaxis

Welcome back to TechCrunch Mobility — your central hub for news and insights on the future of transportation. Sign up here for free — just click TechCrunch Mobility! A little bird If it wasn't obvious before, it is now. Uber wants a big piece of the autonomous vehicle technology pie. The ride-hailing company has spent the past two years locking in partnerships with just about every AV company you can think of, and across every sector, including delivery, robotaxis, and trucks. And yet, I wasn't totally prepared for the amount of money Uber invested in its latest tie-up with EV maker Lucid and AV startup Nuro. Click here to read my article on the partnership agreement and Uber's plans for a premium robotaxi service. We're here in the 'Little bird' section because I've learned something new, and welp, I wanted to share it with subscribers first. As a publicly traded company, Lucid had to disclose that Uber invested $300 million into the company. But Uber didn't have to share what it invested into Nuro, saying only that it was a multi-hundred-million-dollar figure. One source with direct knowledge told me it was more than Lucid's $300 million. Since the article was published, I've had some little birds fly in to tell me it was around $400 million. Got a tip for us? Email Kirsten Korosec at or my Signal at kkorosec.07, Sean O'Kane at or Rebecca Bellan at Deals! When Waymo shuttered its self-driving trucks program, I wondered where that talent would go. And I (correctly) assumed some might go off and start their own companies. Last year, I heard that Boris Sofman, who led the self-driving trucks program at Waymo, had started an autonomous vehicle technology startup focused on heavy equipment used at construction sites. I had even written a little nugget about it in the 'Little bird' section. But I was never able to verify exactly how much it raised and who else was attached to it. Now we know. The startup, called Bedrock Robotics, raised $80 million from investors Eclipse and 8VC. Sofman co-founded Bedrock Robotics alongside Waymo veterans Kevin Peterson and Ajay Gummalla, as well as Tom Eliaz, who previously worked at Segment and Twilio. Other deals that got my attention this week … Amogy, a Brooklyn-based ammonia-to-power startup that can apply its tech to shipping, raised another $23 million in funding, bringing its most recent fundraise to $80 million. The round was led by the Korea Development Bank and KDB Silicon Valley LLC with participation from BonAngels Venture Partners, JB Investment, and Pathway Investment. Geely Auto will take its luxury EV subsidiary Zeekr private through a merger agreement, just over a year after the company debuted on the New York Stock Exchange. Gridserve, a U.K.-based mobile EV charging company, raised £100 million ($134 million) from its existing institutional investors, including TPG Rise Climate, Infracapital, and Mitsubishi. Pronto, the San Francisco-based startup that developed a self-driving system designed for haulage trucks and other off-road vehicles used at construction and mining sites, acquired competitor SafeAI. Terms were not disclosed. Co-founder and CEO Anthony Levandowski described the acquisition as a talent and technology play. The bulk of the 12-person startup's engineering team and its IP will come over to Pronto. Via, the transit software startup, has filed confidentially for an initial public offering — again. History lesson: Via filed confidentially for an IPO in 2021 but never took the next official and regulatory steps to enter the public markets. Now the company says it's ready. Will 2025 be the year? Notable reads and other tidbits ADAS Lucid is rolling out hands-free highway driving to its Air sedans via a software update at the end of the month, a major step forward for the company's advanced driver-assistance system. Autonomous vehicles Uber struck a robotaxi deal with Chinese tech giant Baidu to deploy thousands of autonomous vehicles in multiple markets outside the U.S. and mainland China. Electric vehicles, batteries, and charging GM is the latest automaker to partner with Redwood Materials on its new energy storage venture. Speaking of GM, the automaker is upgrading the Tennessee factory it owns alongside LG Energy Solution to produce cheaper LFP batteries. Public records requests can reveal the darndest things. For instance, Rivian will resume prep work on its planned Georgia factory in August and is still looking to break ground early next year, according to emails TechCrunch obtained through a public records request. In other Rivian news … Rivian co-founder and CEO RJ Scaringe transferred a portion of his ownership stake and voting power as part of a newly settled divorce proceeding. The filing caught our interest for a few reasons (I suggest you read the story), notably that unlike so many tech founders, Scaringe never had a tremendous amount of voting power post-IPO. The company's newest software update gives its in-car navigation a new look and feel. In short: Mapbox is out, and a customized Rivian-meets-Google-Maps app is in. Senior reporter Sean O'Kane and I joke that we're the only two people left on earth who care about what's going on at Faraday Future. Oh! But wait, so does the SEC, and it appears the agency is getting ready to take action. Subaru unveiled its all-electric crossover model called Uncharted that has more than 300 miles of range and will go on sale in the U.S. in early 2026. Subaru said it will release pricing closer to market launch. Tesla made its long-awaited entry into India with the opening of its first showroom — nine years after CEO Elon Musk first teased the move and following years of delays and shifting timelines in one of the world's largest automotive markets. Stay tuned for more coverage from our India-based reporter Jagmeet Singh. Tesla Cybertruck sales have plummeted from their peak last year. How far? Here's one point of reference: The GMC Hummer EV (which isn't exactly a volume seller) outsold the polarizing steel-clad curiosity in the second quarter. Meanwhile, jury selection started for a federal civil lawsuit against Tesla. At issue is whether the company's driver-assistance technology was to blame for a 2019 fatal crash in Key Largo, Florida. As you might expect, personal feelings about Elon Musk loomed large in the jury process. Future of flight Joby Aviation has doubled the size and production capacity of its pilot manufacturing facility in Marina, California, as it pushes to commercialize its electric vertical takeoff and landing vehicles by early next year. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store