A look at Scale AI rival Surge AI, which raised no outside capital, told staff it had $1B+ in 2024 revenue, vs. Scale's $870M, and has always been profitable
The Information : X: @amir and @jessicalessin X: Amir Efrati / @amir : Alex Wang timed his exit perfectly. Scale AI was being beaten by a startup rival that never raised VC and was profitable the who...
In a letter to investors, Bolt says it is finalizing a $450M Series F at a $14B valuation; documents show the deal terms are bewildering and hard to believe
This is a pay-to-play VC deal for the ages. https://www.theinformation.com/ ... @erinkwoo [image] Sheel Mohnot / @pitdesi : Wild: Breslow back to Bolt as CEO, company raising $450M at a $14B valuation...
Letter to investors: Bolt is finalizing a $450M Series F at a $14B valuation but with harsh terms for existing investors; Ryan Breslow plans to return as CEO
As startup founder comebacks go, this may rank as one of the most remarkable. — Bolt founder Ryan Breslow is returning as CEO … X: @amir , @pitdesi , @jessicalessin , and @erinkwoo X: Amir Efrati / ...
Bessemer Venture Partners raised $4.6B for two new funds in August: $3.85B for young startups, the firm's biggest fund to date, and $780M for PE buyouts
Venture capitalists aren't striking many deals with tech founders these days. Initial public offerings are nonexistent and public tech stocks … Tweets: @kateclarktweets , @jessicalessin , @dbhurley ,...
Source: Tiger Global told investors earlier this month that it will no longer focus on large, late-stage startups preparing to go public
Berber Jin / The Information : Tweets: @jessicalessin , @jessicalessin , @berber_jin1 , @carnage4life , @cityofthetown , @refsrc , @lesamitchell , and @amir Tweets: Jessica Lessin / @jessicalessin : ...
Source: Tiger Global told investors earlier this month that it will no longer focus on large, late-stage startups preparing to go public
Responding to a steep sell-off in technology stocks, some hedge funds and other investment firms with large public stock portfolios have been turning away … Tweets: @lesamitchell , @amir , and @jessic...
Analysis: Andreessen Horowitz's investment team has grown to 70 in the past four years, up by 170%, outpacing Sequoia, Accel, Lightspeed, and others
One of the running jokes among Silicon Valley venture capitalists is that, eventually, all of them will become partners at VC firm Andreessen Horowitz. Tweets: @jessicalessin and @amir Tweets: Jessica...
Sources: cloud collaboration service Airtable is in talks to raise at least $50M at a valuation between $2.5B and $4B; Airtable was valued at $1.1B in 2018
Kate Clark / The Information : Tweets: @sehaj23 , @mdudas , @kateclarktweets , @amir , and @jessicalessin Tweets: Sehaj Singh / @sehaj23 : Great product. The final news should be in public within nex...
Sources: Facebook says all employees will get a $1,000 bonus and earn at least their full bonus for their first 6-month review of 2020 amid COVID-19 crisis
giving all employees at least their full normal bonuses — in its 16-year history Sam Biddle / @samfbiddle : Full story here: https://theintercept.com/... Facebook's argument is that a $1000 payment to...
Sources: Quibi's projections from 2019 show the upcoming streaming service is expected to spend ~$1.5B in its first year; Quibi has raised $1.4B so far
oh... https://www.theinformation.com/ ... @cityofthetown @jtoonkel Gerry Smith / @gerryfsmith : “Many studio executives saw taking a stake in Quibi as a form of what they called “schmuck insurance.” h...