Sources: Sequoia's Pat Grady and Alfred Lin plan to deepen the VC firm's AI focus and reframe its image as less politically partisan, after Roelof Botha's exit
Kate Clark / Bloomberg :
Kalshi raised $185M led by Paradigm at a $2B valuation; sources: Polymarket is completing a $200M+ investment led by Founders Fund at a ~$1B pre-money valuation
Prediction-Market Unicorn Hits $2 Billion Valuation Bogdan Patru / Bitcoin Insider : Prediction Market Kalshi Achieves Unicorn Status with $185 Raised at its $2B Evaluation, as BTC Bull Token Predicts...
OpenAI reaches a deal in principle for Sam Altman to return as CEO, with an initial board of Bret Taylor as chair, alongside Larry Summers and Adam D'Angelo
4 key takeaways Jason Dorrier / Singularity Hub : OpenAI Mayhem: What We Know Now, Don't Know Yet, and What Could Be Next New York Times : Explaining OpenAI's Board Shake-Up CNBC : Sam Altman's back. ...
Crypto derivatives exchange FTX raises $900M from SoftBank, Sequoia, and others, valuing it at $18B; CryptoCompare: FTX handles $10B+/day in trades on average
Capital Raise Pushes Exchange Valuation to $18 Billion Michelle Lim / Forkast : FTX crypto derivatives exchange closes record $900M Series B with $18B valuation Tweets: SBF / @sbf_alameda : 1) I'm dee...
Interviews with tech leaders on Tony Hsieh's legacy, his student life at Harvard, his unconventional business approach, and the culture he built at Zappos
I heard the news about Tony Hsieh last night by text message. Tweets: Governor Sisolak / @govsisolak : Tony Hsieh played a pivotal role in helping transform Downtown Las Vegas. Kathy and I send our lo...
Jim Goetz to step down as a “steward” of Sequoia, to be succeeded by Roelof Botha; Botha and Alfred Lin will lead US venture team
Sequoia Capital on Tuesday told investors that partner Jim Goetz will be stepping back as the firm's “steward” and head of U.S. venture capital …