Benchmark hires Jack Altman, the founder of Alt Capital and Lattice, as its fifth general partner; three Alt Capital team members will join him at Benchmark
Benchmark on Tuesday said it had hired Jack Altman, the founder of early-stage firm Alt Capital and HR software company Lattice, as its fifth general partner.
Source: Benchmark's 2020 fund is now worth 10x+ and 2024 fund is 3x what investors put in, based on cash distributions and the paper value of its investments
Natasha Mascarenhas /Bloomberg:
Benchmark hires Jack Altman, the founder of Alt Capital and Lattice, as its fifth general partner; three Alt Capital team members will join him at Benchmark
Benchmark on Tuesday said it had hired Jack Altman, the founder of early-stage firm Alt Capital and HR software company Lattice, as its fifth general partner.
ByteDance strikes a deal with a group of non-Chinese investors to create a new TikTok US entity and avoid a federal ban, concluding a six-year legal saga
TikTok said on Thursday that its Chinese owner, ByteDance, had struck a deal with a group of non-Chinese investors to create a new U.S. TikTok …
The US' TikTok deal is a win for ByteDance: it will keep and license the algorithm instead of selling it, and continue to run TikTok's commercial activities
Jim Secreto /Financial Times:
Tesla shareholders approve Elon Musk's $1T pay package, divided into 12 tranches of milestones, including expanding Tesla's market cap to $8.5T over 10 years
Musk had threatened to leave Tesla if the record-setting package didn't pass — Tesla shareholders approved a record-setting pay package …
OpenAI completes its recapitalization, “simplifying” its structure; OpenAI Foundation now has equity valued at ~$130B and still controls the OpenAI for-profit
OpenAI has completed its recapitalization, simplifying its corporate structure. The nonprofit remains in control …
The US taking a 10% equity stake in Intel is a terrible idea and a dangerous turn in US industrial policy, but also the least bad option to make Foundry viable
The U.S. taking an equity stake in Intel is a terrible idea; it also happens to be the least bad idea to make Intel Foundry viable.
Trump extends the TikTok ban deadline for a third time; there is no legal basis for the extensions, and it's unclear how many times the deadline can be extended
Again NZ Herald : Trump gives TikTok 90 more days to find buyer, again delayed ban Joe DePaolo / Mediaite : ‘Brazenly Illegal’: Conservatives Lash Out at Trump for Executive Order ...
On a podcast, Sam Altman said Meta made “giant offers to a lot of people on our team ... like, $100M signing bonuses”, and “none of our best people” accepted
Meta CEO Mark Zuckerberg has been on something of a hiring spree lately, trying to staff up Meta's …
Bill Atkinson, a pioneering Apple engineer and key member of the original Macintosh team, died on June 5 at age 74 from pancreatic cancer
From his family, on Atkinson's Facebook page: … One of the great heroes in not just Apple history, but computer history.
OpenAI acquires io, Jony Ive's secretive AI startup, for nearly $6.5B in stock; Ive and LoveFrom will remain independent but take over design for all of OpenAI
OpenAI will acquire the AI device startup co-founded by Apple Inc. veteran Jony Ive in a nearly $6.5 billion all-stock deal …
Sam Altman says ChatGPT users had doubled in the past few weeks and that “10% of the world uses our systems”, which would peg the number closer to 800M users
Martine Paris is a San Francisco-based reporter covering trends in AI — OpenAI's CEO Sam Altman might …
Sources: StubHub, Klarna, eToro, and adtech group MNTN have paused their IPO plans as President Trump's trade war upends the global economy and public markets
Billions of dollars worth of acquisitions and initial public offerings are on hold as Donald Trump's trade war upends the global economy …
Sources: Klarna has halted its planned IPO in the wake of Trump's tariffs turmoil; StubHub has also delayed its IPO plans
Klarna, the specialty lending and online payments provider, has halted its planned initial public offering, the latest IPO casualty in the wake of Trump administration's sweeping t...
Sources: Amazon has put in a bid to acquire all of TikTok, but various parties involved do not appear to be taking it seriously, ahead of the April 5 deadline
The e-commerce giant put in a last-minute offer for the popular video app, according to three people familiar with the talks.
Sources: a16z is in talks to join the Oracle-led frontrunner bid for TikTok US, after being approached along with Blackstone and other large asset managers
the ban push started to help Facebook kill a competitor it couldn't out-innovate. now it's morphed into helping the GOP convert another online community into a right wing safe spac...
Trump signs an EO to create a crypto working group led by David Sacks to consider a national digital asset stockpile “potentially derived” from seized crypto
President Donald Trump signed an executive order on Thursday to promote the advancement of cryptocurrencies in the U.S …
Donald Trump says he will sign an EO on Monday to delay enforcing the TikTok ban and argues for a TikTok JV with 50% US ownership
President-elect Trump said he will sign an executive order Monday to delay enforcing the U.S. ban on TikTok, just hours after the popular app went dark,
Donald Trump's win flips the idea that Elon Musk overpaid for X on its head, after Musk turned his feed into a Trump-inspired billboard for his 200M+ followers
The day before Donald Trump's decisive election victory, Joe Rogan published a podcast interview during which he suggested …