Lightspeed raised $9B+ across six AI funds, including $3.3B to back breakout hits like Anthropic, xAI, and Mistral; Lightspeed has backed 165 AI startups
Erin Griffith / New York Times :
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories
Between the tech job market and big tech's increasing worker hostility, it does look like supply has outstripped demand for tech workers. — https://www.nytimes.com/... Jason Yip / @jchyip@mastodon.o...
Many SV startups are using AI to boost productivity in research, coding, and more, reducing reliance on VC money for hiring, fueling “tiny team” success stories
Tech start-ups typically raised huge sums to hire armies of workers and grow fast. Bluesky: @aaronosaur.us . Mastodon: @jchyip@mastodon.online . X: @gjain , @bittingthembits , @stevelohr , and @tmroha...
The US DOJ charges the former CEO of AI chatbot startup GameOn and his wife for allegedly defrauding investors of more than $60M between 2018 and 2024
while failing to even make payroll for employees Cyrus Farivar / Forbes : AI Startup Founder Allegedly Spent Millions Of Investors' Money On House, Car And Wedding Isaiah Poritz / Bloomberg Law : AI C...
Amazon CEO Andy Jassy tells staff to return to the office five days per week from January 2, 2025, citing the importance of the policy to the company's culture
Amazon orders employees back to the office five days a week Michael Grothaus / Fast Company : Amazon CEO Andy Jassy orders employees back to the office 5 days a week in one of the strictest RTO mandat...
Court docs: how false claims and risky trades by HeadSpin's CEO and a lack of oversight by investors like GV and Iconiq Capital led to the startup's unraveling
Erin Griffith / New York Times :
A jury finds Sam Bankman-Fried guilty on all seven counts of fraud and money laundering in the FTX trial; the judge sets SBF's sentencing for March 28, 2024
and what comes next Qadir AK / Coinpedia Fintech News : DOJ Cracks Down: Binance and Tether Face Terrorism Financing Charges PC Gamer : ‘The king of crypto’ found guilty of fraud, now faces decades in...
Instacart prices its 22M shares at $30 a piece, raising $660M in its IPO at a fully diluted valuation of ~$10B; Instacart was valued at $39B in 2021
the company isn't just an app. @apoorva_mehta and the team had to build an e-commerce, labor management and ad platform. He also had to construct an enterprise system for retailers + all in a low-marg...
Instacart files for a US IPO, reports 2022 revenue up 39% YoY to $2.55B, $428M net income, up from a $73M loss in 2021, and H1 2023 revenue up 31% YoY to $1.48B
Common Stock This is an initial public offering of shares of common stock … Reuters : Instacart reveals IPO filing, disclosing PepsiCo investment, profitability Dan Frommer / The New Consumer : Parade...
Instacart files for a US IPO, reports 2022 revenue up 39% YoY to $2.55B, $428M net income, up from a $73M loss in 2021, and H1 2023 revenue up 31% YoY to $1.48B
Common Stock This is an initial public offering of shares of common stock … Bill Peters / MarketWatch : Instacart files for IPO, joining crowded field of gig-economy names as markets rebound Hayden Fi...