Latest news with #StepStoneGroup
Yahoo
11-06-2025
- Business
- Yahoo
Term Sheet Next: Steven Lee, an SV Angel alum, launches Seven Stars with $40 million VC fund for seed and pre-seed AI startups
In 1993, Steven Lee's parents opened Seven Star Fashion, a textile shop in L.A.'s Koreatown, after immigrating from South Korea to build a new life. 'They were the first entrepreneurs I knew,' said Lee. 'They worked long hours, a classic immigrant story. They came here with basically nothing, and didn't know how to speak English. They didn't have a network—and they're a very big influence for what I do today.' Today, a very different Seven Star launches. Steven Lee has left his role as a partner at SV Angel to start his own firm, Seven Stars, which is debuting with an oversubscribed $40 million fund. Raised in just five weeks, the fund focuses on pre-seed and seed-stage investments in AI applications across both consumer and enterprise categories. Lee plans to back 35 to 45 companies per year. Limited partners include a university endowment and a pension fund—both undisclosed—as well as StepStone Group and Sapphire Partners. Nate Leung, Sapphire partner and OpenLP cofounder, said part of Lee's pitch was refreshingly simple: 'an outstanding track record from a highly respected firm.' SV Angel—founded by legendary VC Ron Conway—has a long history of early bets on companies like Google, Facebook, and Airbnb. Lee built his own reputation within that legacy, focusing on AI, and was involved in backing startups like ElevenLabs, Mercor, Captions, Reflection AI, and Skild AI, as well as personally investing in OpenAI. These early partnerships helped lay the foundation for his new firm. Hunter Somerville, partner at StepStone Group, pointed to Lee's 'extensive relationships and trusted reputation with leading AI companies' as another key strength. 'I've started to build this unique network, really understanding what these visionary AI founders need from their early investors,' Lee told Fortune. 'I really believe that AI is the equalizer for the 90%, and it's already transforming lives at a global scale. And it really starts with motivated founders who are building enduring companies, empowering individuals and other companies to thrive. And while AI's already benefiting 1 billion knowledge workers today—we're already seeing it in finance, law, marketing—I'm most excited about AI's impact on the next 8 billion people.' He's already invested in five companies since launching the fund, though he declined to name them. Lee's value-add strategy is highly focused: offering hands-on fundraising support, access to a curated advisory network, and help with hiring across all levels. 'It's not just helping with hiring early, with entry-level engineers, but helping and closing and sourcing for mid-level to senior-level executives,' said Lee. 'When you put those three things together, that's kind of the investor that I want to be. And I think that's very unique in this moment of time, especially as a lot of these first-time AI founders are navigating this really complex technology for the first time as well.' Influenced by his parents, Lee had always imagined starting something of his own one day. Despite working in AI (or perhaps because he works in AI), he believes success isn't just about the technology—it's also about the people behind it and the life experiences they bring. 'Building a company, or any kind of business is incredibly difficult,' said Lee. 'It takes a lot of courage, lots of sacrifices. Quite frankly, it takes a bit of luck as well. I always want to make sure I remember that, especially as I work with these next-generation AI founders. Because I also want this firm to be enduring, for it to outlive me … In good times and bad times, I want to remember that's what we're striving for. That it's generational. That Seven Star Fashion was the first generation.' And the new generation begins now. This story was originally featured on Sign in to access your portfolio
Bloomberg
28-05-2025
- Business
- Bloomberg
Nuclear Startup Radiant Raises $165 Million for Micro-Reactor
Radiant Industries Inc., a US nuclear startup, lined up $165 million in funding to complete its small reactor design. The Series C funding round was led by DCVC Management Co., and also included Giant Ventures Global and StepStone Group Inc., according to a statement. The El Segundo, California-based company said it now has raised $225 million to develop its 1-megawatt system.
Yahoo
24-05-2025
- Business
- Yahoo
StepStone Group Full Year 2025 Earnings: US$2.52 loss per share (vs US$0.92 profit in FY 2024)
Revenue: US$1.17b (up 65% from FY 2024). Net loss: US$179.6m (down by 409% from US$58.1m profit in FY 2024). US$2.52 loss per share (down from US$0.92 profit in FY 2024). We've discovered 2 warning signs about StepStone Group. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Performance of the American Capital Markets industry. The company's shares are down 1.4% from a week ago. What about risks? Every company has them, and we've spotted 2 warning signs for StepStone Group you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
24-05-2025
- Business
- Yahoo
StepStone Group Full Year 2025 Earnings: US$2.52 loss per share (vs US$0.92 profit in FY 2024)
Revenue: US$1.17b (up 65% from FY 2024). Net loss: US$179.6m (down by 409% from US$58.1m profit in FY 2024). US$2.52 loss per share (down from US$0.92 profit in FY 2024). We've discovered 2 warning signs about StepStone Group. View them for free. All figures shown in the chart above are for the trailing 12 month (TTM) period Looking ahead, revenue is forecast to grow 1.4% p.a. on average during the next 2 years, compared to a 5.5% growth forecast for the Capital Markets industry in the US. Performance of the American Capital Markets industry. The company's shares are down 1.4% from a week ago. What about risks? Every company has them, and we've spotted 2 warning signs for StepStone Group you should know about. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Yahoo
23-05-2025
- Business
- Yahoo
StepStone Group Inc. (STEP) Surpasses Q4 Earnings and Revenue Estimates
StepStone Group Inc. (STEP) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.33 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 47.83%. A quarter ago, it was expected that this company would post earnings of $0.44 per share when it actually produced earnings of $0.44, delivering no surprise. Over the last four quarters, the company has surpassed consensus EPS estimates three times. StepStone Group , which belongs to the Zacks Financial - Miscellaneous Services industry, posted revenues of $295.86 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 25.90%. This compares to year-ago revenues of $356.81 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. StepStone Group shares have lost about 2.8% since the beginning of the year versus the S&P 500's decline of -0.6%. While StepStone Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for StepStone Group: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.42 on $228.37 million in revenues for the coming quarter and $1.77 on $995.62 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. BitFuFu Inc. (FUFU), another stock in the same industry, has yet to report results for the quarter ended March 2025. This company is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of -82.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. BitFuFu Inc.'s revenues are expected to be $99.82 million, down 30.9% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report StepStone Group Inc. (STEP) : Free Stock Analysis Report BitFuFu Inc. (FUFU) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
