Sources: Masayoshi Son seeks up to $100B for an AI chip venture to rival Nvidia; one scenario involves $30B from SoftBank and $70B from Middle Eastern investors
Welcome to Runtime! Today: why ridiculous sums of money … Pranav Dixit / Business Today : After Sam Altman, SoftBank founder Masayoshi Son joins AI chip race to challenge Nvidia dominance Rupam Roy /...
The Coterie, which lets founders access funds from Coatue, a16z, and others to sidestep illiquid stock, raised a $40M Series A led by a16z at a $100M+ valuation
Andreessen Horowitz led a $40 million funding round for The Coterie, valuing the financial technology platform at more than $100 million. Tweets: @gilliantan and @mayazi Tweets: Gillian Tan / @gillian...
Sources say Masayoshi Son's profit-sharing plan for Vision Fund employees is contributing to a stream of defections, because it is based primarily on seniority
Ever since billionaire investor Masayoshi Son set up the giant Vision Fund in 2017 to provide backing for technology startups … Tweets: @gilliantan and @pelstrom Tweets: Gillian Tan / @gilliantan : So...
Sources: Zeus, a long-term corporate housing marketplace, raises $15M from existing investors, halving the company's valuation to ~$110M from December round
Bloomberg : Tweets: @livcarville , @gilliantan , and @katie_roof Tweets: Olivia Carville / @livcarville : Covid-19 continues to bulldoze the travel industry, slashing valuations left, right and cente...
Sources detail how tech magnate Masayoshi Son invests in companies, often acting quickly and detached from fund's investor committee and Softbank's directors
SoftBank is on a shopping spree, investing billions in firms such as Uber and WeWork, both directly and through an affiliated tech fund Tweets: @davecbenoit , @kushkatakia , @zerohedge , @krisnair , @...
Sources: online polling company SurveyMonkey is preparing to go public later this year, as talks with banks accelerate; firm was valued at $2B in 2014
Trump Deserves ‘Fair Share’ of Credit for Apple Moves Cromwell Schubarth / Silicon Valley Business Journal : SurveyMonkey may finally make its Wall Street debut this year Chris O'Brien / VentureBeat :...
P2P lending service Prosper Marketplace raises around $165M led by Credit Suisse, doubling valuation to $1.9B
Gillian Tan / Wall Street Journal :