Petual, which automates internal audit work and generates auditor-ready workpapers, raised $20M across a pre-seed led by First Round and a seed led by a16z
- Other backers include Cowboy Ventures, Lachy Groom, the founders of Lyft and Opendoor, and other angels.
Leaked a16z decks: $25B in net returns since its 2009 founding, including $11.2B in 2021, and 56 unicorn investments in the past 10 years, the most of any firm
The firm has held its $900 million 2012 Fund III at 9.4x net TVPI. — ∙ Paid — Andreessen Horowitz is perhaps … X: @iamhenrymascot , @doodcapital , @iamjakestream , @ctjlewis , @dennythedev , @amen...
Fal.ai, a developer-focused platform for media-generating AI models, raised a $9M seed and a $14M Series A from Kindred Ventures, a16z, First Round, and others
Kyle Wiggers / TechCrunch : X: @isidentical , @omgadamho , @gorkemyurt , @marckohlbrugge , @soupsranjan , @borisjabes , @burkaygur , @lizwessel , @itsdrevo , @carlcortright , @km , @jenniferhli , and...
Sports cards marketplace Alt raises $31M Series A led by Seven Seven Six, with First Round, SV Angel, Kevin Durant's Thirty Five Ventures, others participating
👋 Good morning! Welcome to a special edition of Axios Sports covering … Lucas Matney / TechCrunch : Sports trading card platform Alt launches with $31 million in funding and plenty of market hype Twe...
Sources: Benchmark, GV sold ~14.5% of their Uber stakes, worth ~$900M, ~$350M respectively; Garrett Camp sold ~15% for ~$400M; Menlo sold ~46%, First Round ~38%
Google Ventures, or GV, also sold several hundred million dollars of stock in the transaction.
Uber's crisis was a failure of oversight and shows founders should be constrained by lieutenants, mentors, and a forceful board of directors
Lost Today, hoping to be Found! Cromwell Schubarth / Silicon Valley Business Journal : Even after forcing Travis Kalanick out as Uber CEO, investors sing his praises Mike Isaac / New York Times : Trav...
Travis Kalanick resigns as Uber CEO, sources say after pressure from Benchmark, First Round, Lowercase, Menlo, and Fidelity; he will remain on Uber's board
Travis Kalanick stepped down Tuesday as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built …