Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B acquisition price for stockholders; A.Capital says it could bag $1.5B on the sale
John Borthwick's venture firm wrote the first check Hugging Face ever received, and now owns a stake that could be worth $650 million.
Source: Betaworks has a 5.5% stake in Hugging Face, worth ~$650M at its $11.9B acquisition price for stockholders; A.Capital says it could bag $1.5B on the sale
John Borthwick's venture firm wrote the first check Hugging Face ever received, and now owns a stake that could be worth $650 million.
John Borthwick, one of Giphy's early investors and board members, describes how the Facebook deal came about and says talks began in late March
John Borthwick was one of Giphy's first believers. The company, which Facebook just bought for a reported $400 million, launched in 2013 out of Betaworks …
Digg, formerly owned by Betaworks, has been sold to Boston-based ad-tech company BuySellAds; new CEO Todd Garland plans to streamline Digg and build up ad stack
This story has been updated. — Last month, Digg, an old beloved content aggregation destination, made the sad announcement …