Source: Databricks tells investors it aims to raise $7B to $9B at a ~$61B valuation, to cash out employees that hold RSUs and cover the staff taxes it would owe
Cory Weinberg / The Information : X: @bryce , @alex , @josephjacks_ , and @eastdakota X: Bryce Roberts / @bryce : Zero reason for companies with high demand for their stock to go public anymore. None...
Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products
and what we don't X: @swyx : Ok after some reading whining about the broken founding employee contract I actually did some research: - Adept stock is getting bought at par - Inflection stock getting b...
Character.AI told staff that investors will be bought out at a valuation of ~2.5x its $1B 2023 valuation, and it plans to adopt open-source models for products
and what we don't X: @swyx : Ok after some reading whining about the broken founding employee contract I actually did some research: - Adept stock is getting bought at par - Inflection stock getting b...
Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs in 2022 were “automated or from bots”
What is it about SoftBank that attracted so many grifters? — https://www.theinformation.com/ ... Twitter: Jessica Lessin / @jessicalessin : 95% fake!!! IRL raised $200 million from Softbank, Founder...
Social media startup IRL is shutting down after an investigation by its board concluded that 95% of its claimed 20M MAUs were “automated or from bots”
Last year, the CEO of messaging app IRL repeatedly said it had 20 million monthly active users, who chatted about shared interests and planned real-world events together. LinkedIn: Michael Jackson . B...
Sources: Meta is working on ways to make the next version of LLaMA available for commercial use; the open-source LLM is currently only licensed for research use
Meta wants to make the next version of LLaMA — its open source LLM —available for commercial use. https://www.theinformation.com/ ... @SylviaVarnham @jon_victor_ [image] @rafat : This is big, definite...
Source: IRL CEO Abraham Shafi has stepped down, following allegations the messaging startup used bots to inflate its user count shared publicly and to investors
Mark Matousek / The Information : Tweets: @martymadrid , @mattschaar , @bryce , @abebrown716 , and @amir Tweets: @martymadrid : This tracks ... I've been following this “company” since 2019 and have ...
Source: IRL CEO Abraham Shafi has stepped down, following allegations the messaging startup used bots to inflate the users it reported publicly and to investors
Abraham Shafi has stepped down as CEO of messaging app IRL following allegations that the company used bots to inflate the users … Tweets: @bryce , @amir , @mattschaar , and @abebrown716 Tweets: Bryce...
All three founders of online trading service Pipe are stepping down as the company looks for a “veteran” CEO; Pipe raised $250M at a $2B valuation in May 2021
Setting the scene — The co-founders of revenue-based financing … Nancy Dahlberg / Refresh Miami : Pipe co-founders step down and search for ‘veteran’ CEO is launched Jeff Kauflin / Forbes : Three Co...
In a postmortem, Indie.vc founder shares the reasons why the alternative VC financing experiment failed
Bryce Roberts : Tweets: @indievc , @operaqueenie , @sirjrg , @jhoronjeff , @krdonnelly , @mattallen , @gilxhernandez , @danielvlopes , @gbennett41 , @adamhjk , @cwhogg , @miles_k , @ceonyc , and @mik...