Sources: Sequoia has picked partner Andrew Reed to replace Matthew Miller on Klarna's board; Miller had led a failed effort to remove board chair Michael Moritz
The Information : X: @heetermaria and @kateclarktweets X: Maria Heeter / @heetermaria : NEWS: Sequoia partner Andrew Reed is set to join Klarna's board, replacing partner Matthew Miller, who led an e...
Source: Sequoia partner Matthew Miller asked Klarna shareholders to remove Michael Moritz from the board of directors, with full support from Roelof Botha
The Information : X: @kateclarktweets X: Kate Clark / @kateclarktweets : Scoop: Sequoia Capital is pushing for one of its most venerated former partners, Michael Moritz, to step down from Klarna's bo...
Source: an OpenAI employee share sale valuing the company at $86B is back on track after Sam Altman's reinstatement and is expected to close in December
Maria Heeter / The Information : Bluesky: @fack.bsky.social . X: @rm_infinite , @westcoastbill , @nearcyan , @barret_zoph , @chiefaioffice , @qmaqdk , @kateclarktweets , @ftraderft , @heetermaria , @...
Tiger Global Management's Scott Shleifer will transition from his role leading private investments to a senior adviser role, effective January 1, 2024
and a map of his empire Kul Bhushan / Entrackr : Tiger Global's private investment head Scott Shleifer steps down Connie Loizos / TechCrunch : Tiger Global chieftain Scott Shleifer transitions to advi...
Sam Altman's firing jeopardizes the sale of OpenAI employees' shares; a source says the tender offer values OpenAI at ~$86B and was set to happen in December
Kate Clark / The Information : Threads: @timothybucksf . X: @garymarcus , @garymarcus , @jon_victor_ , and @aaronpholmes . Forums: r/OpenAI Threads: Timothy Buck / @timothybucksf : I really feel for ...
Sources: automation software startup Hyperscience, last valued at $1.65B, laid off 100 staff after missing FY financial targets; CEO Peter Brodsky stepped down
Kate Clark / The Information :
A look at the divergent investment strategies of SoftBank and Tiger Global, the largest funders of startups in 2021, amid growing competition between the firms
Nylas CEO Gleb Polyakov had been following the Silicon Valley playbook for raising money: meet with firms; deal with associates … Tweets: @sarthakgh , @bizcarson , @apompliano , @bizcarson , @kateclar...
Justin Zhu, former Iterable CEO ousted for taking LSD before a meeting, on his disputes with key investors and the challenges of being Chinese in Silicon Valley
Justin Zhu, chief executive officer of digital marketing startup Iterable Inc., was walking down Broadway in San Francisco … Tweets: @ellenhuet , @chris_skinner , @jfberke , @markmilian , @kateclarktw...
The entrance of Gen Z women in the VC industry signals the VC establishment's growing interest in funding companies focused on Gen Z consumers
Nitasha Tiku / Washington Post : Tweets: @kateclarktweets and @nmasc_ Tweets: Kate Clark / @kateclarktweets : Great read on the Gen Z women changing venture capital https://www.washingtonpost.com/ .....
A look at a16z's communication efforts over the years, as the firm expands its own media operations and has largely stopped cooperating with reporters
Why media whisperer Margit Wennmachers is going direct. — Benedict Evans, Andreessen Horowitz's former in-house analyst … Tweets: @mdudas , @ajs , @jason , @jeffjohnroberts , @ajs , @sarthakgh , @sa...