Toast shares closed up 56% at $62.51 in its NYSE debut, giving it a market cap of $31B+, after raising ~$870M in its IPO
Ari Levy / CNBC : Tweets: @levynews , @danpriceseattle , and @skupor Tweets: Ari Levy / @levynews : Toast valued at $32.5 billion at opening price Was $8 billion in secondary sale in November Was $5 ...
Clubhouse raises Series B led by a16z, says it has 180+ investors, and will test options for paying creators and begin work on an Android app soon
When I first met Paul Davison, it took about 10 seconds to realize … Tae Kim / Bloomberg : Forget TikTok. Clubhouse Is Social Media's Next Star. Darrell Etherington / TechCrunch : Clubhouse announces ...
SEC approves NYSE's plan to let companies raise capital and issue new shares via direct listings, potentially helping startups save on bank fees
and thus inevitable. https://www.ft.com/... Alexander Osipovich / @aosipovich : NYSE wins green light to let companies raise capital via direct listings, in win for Silicon Valley VCs who have long cr...
Sources detail how Elliott Management helped Masayoshi Son save SoftBank from financial ruin in the spring; sources say Elliott now owns $5B+ in SoftBank shares
Wall Street Journal : Tweets: @katekelly , @aridavidpaul , @wsjmarkets , and @skupor Tweets: Kate Kelly / @katekelly : What happened at @SoftBank when the activist hedge fund Elliott, known for its i...
As online markets have grown 10X in the last two decades, more $1B-$10B+ software startups will exist, and startups can grow faster than ever
Elad Gil / Elad Blog : Tweets: @skupor , @ladyashborg , @davidsacks , @juliamorrongiel , and @hkanji Tweets: Scott Kupor / @skupor : Great piece from Elad today on market size! I wanted to underscore...
Dealogic data: 38 tech and internet companies valued at $1B+ had an IPO in 2018, the most since 2000
Corrie Driebusch / Wall Street Journal : Tweets: @jessefelder and @skupor Tweets: Jesse Felder / @jessefelder : In 2018, to little fanfare, 38 tech and internet companies valued at $1 billion or more...
Why LPs might gladly invest in Andreessen Horowitz despite unfavorable comparisons to Sequoia and Benchmark
Rolfe Winkler wrote a piece in the WSJ about A16Z's returns in which he says they “lag behind Sequoia, Benchmark and Founders Fund.” — Scott Kupor of A16Z responded …
Why LPs might gladly invest in Andreessen Horowitz despite unfavorable comparisons to Sequoia and Benchmark
Rolfe Winkler wrote a piece in the WSJ about A16Z's returns in which he says they “lag behind Sequoia, Benchmark and Founders Fund.” — Scott Kupor of A16Z responded …
Report: Tech firms accounted for 46% of US private-equity buyouts so far this year, the sector's highest level since at least 1995
Matt Jarzemsky / Wall Street Journal : Tweets: @permiranews , @its_arun_ , @dimitrisirota and @skupor Tweets: Permira / @permiranews : .@WSJ discusses private equity's “new favorite industry: tech”, ...
Activist investors' near-term obsession slowing M&A for tech incumbents and IPOs for startups
Scott Kupor / Andreessen Horowitz :