Sources: Adobe held talks to acquire Synthesia, which makes AI tools that generate video avatars of people, for ~$3B; the startup was valued at $2.1B in January
Katie Roof / The Information :
Sources: data integration company Fivetran is in talks to acquire data management company dbt Labs in a deal valuing the combined entity at between $5B and $10B
Fivetran, a startup used by companies to manage and prepare data for analytics and artificial intelligence … LinkedIn: Katie Roof LinkedIn: Katie Roof : Saturday scoop: Fivetran in talks to buy dbt La...
Sources: Sequoia stands to gain ~$2.65B from Klarna's IPO, a six-fold return on its ~$500M total investment, and is selling ~2% of its stake in the IPO
Katie Roof / The Information :
Source: AI contractor marketplace Mercor has received investment offers valuing it as high as $10B, just six months after raising $100M at a $2B valuation
Katie Roof / The Information :
CB Insights: OpenAI's acquisition of Jony Ive's io for $6.5B sets a new record for venture-backed acquisition by a private buyer
Katie Roof / Bloomberg : X: @katie_roof . LinkedIn: Katie Roof X: Katie Roof / @katie_roof : We're seeing record billion-dollar startup sales to private strategics with 7 in the past year. OpenAI, Da...
23andMe files for bankruptcy to “maximize the value of its business”, and co-founder and CEO Anne Wojcicki steps down; 23andMe was valued at $3.5B in June 2021
Most corporations are not going to look out for your privacy. And we now have a federal government intent on using your data for bad purposes. Frank Figliuzzi / @frankfigliuzzi : 23andMe is declaring...
StubHub files for an IPO, with plans to list on the NYSE, and reports a $2.8M loss on $1.77B in revenue in 2024, vs. a $405M profit on $1.37B in revenue in 2023
Secondary Ticketing Sales Up 29% in 2024 Bill Peters / MarketWatch : Referenced Symbols — Ticket-resale platform StubHub on Friday said it had filed … Los Angeles Times : Ticket platform StubHub fil...
Virtual physical therapy service Hinge Health files for a US IPO, and reports revenue of $390M in 2024, up from $293M in 2023, and a net loss of $11.9M
The following tables set forth our summary consolidated financial data. Ashley Capoot / CNBC : Digital physical therapy provider Hinge Health files for IPO Naomi Li Gan / Tech in Asia : Digital therap...
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
LPs are often invested in multiple firms which hold the same company and have an 🦅👀 into this Dave Kellogg / @kellblog : Hunker, baby, hunker [embedded post] LinkedIn: Katie Roof : Wrote something for...
CB Insights: a record 1,200 VC-backed unicorns have yet to IPO or get acquired; Carta: fewer than 30% of 2021 unicorns raised funding in the past three years
The billion-dollar startup bubble is deflating, and more than $1 trillion in value is locked up in companies with dwindling prospects. Bluesky: @kellblog and @katieroof LinkedIn: Katie Roof , Erika Ha...