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VOICE ARCHIVE

Matt Turck

@mattturck
58 posts
2026-03-07
2000-2015: most of the value in startups is captured by public investors post-IPO 2015-2025: most of the value in startups is captured by private investors pre-IPO 2026-...: public investors recapture value by investing in public VC firms holding private shares?
2026-03-07 View on X
Reuters

Robinhood's $658M venture fund drops 16% in its public market debut on the NYSE; the fund offers retail investors access to private companies like Databricks

2026-03-06
2000-2015: most of the value in startups is captured by public investors post-IPO 2015-2025: most of the value in startups is captured by private investors pre-IPO 2026-...: public investors recapture value by investing in public VC firms holding private shares?
2026-03-06 View on X
Reuters

Robinhood's $658M venture fund drops 16% in its public market debut on the NYSE; the fund offers retail investors access to private companies like Databricks

Robinhood (HOOD.O) debuted its flagship $658.4 million venture fund on the New York Stock Exchange on Friday …

Breaking: CEO of an app to cheat on everything cheated
2026-03-06 View on X
TechCrunch

Cluely's CEO, Roy Lee, says he lied about its $7M annual recurring revenue in 2025 and that it “is the only blatantly dishonest thing I've said publicly online”

The $7 million in annual recurring revenue that Cluely co-founder and CEO Roy Lee shared with TechCrunch last summer was a lie …

2026-02-17
Super interesting piece - in part because it uses the financial data industry as an example Over 12 (!) years ago, I wrote a post called “Can the Bloomberg Terminal be toppled?” My point then was that the Terminal's durability was not mainly about feature sprawl or even the
2026-02-17 View on X
@nicbstme

How LLMs are dismantling the moats that made vertical SaaS defensible, and why the market selloff is structurally justified but temporally exaggerated

In the past few weeks, nearly $1 trillion was wiped from software and services stocks.  FactSet dropped from a $20B peak to under $8B.

2025-12-30
Timeline for launch to funding to $100M ARR to big exit: SaaS era = 10 years AI era = 10 months
2025-12-30 View on X
Wall Street Journal

Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan

The deal for more than $2 billion is one of the first in which a major U.S. tech company has bought a startup with Chinese roots

The narrative that Benchmark was perhaps an endangered firm lasted a solid 2 months.
2025-12-30 View on X
Wall Street Journal

Sources: Meta is buying Manus for $2B+; Manus was raising at a $2B valuation when Meta approached it; Manus CEO Xiao Hong will report to Meta COO Javier Olivan

The deal for more than $2 billion is one of the first in which a major U.S. tech company has bought a startup with Chinese roots

The narrative that Benchmark was perhaps an endangered firm lasted a solid 2 months.
2025-12-30 View on X
Bloomberg

Meta agrees to acquire Singapore-based startup Manus, which makes an AI agent for SMBs; Manus said earlier in December its annual revenue run rate was $125M+

Meta Platforms Inc. has agreed to buy Manus, a popular Singapore-based artificial intelligence agent with Chinese roots …

2025-12-26
Breaking: NVIDIA announces giant $20B acquisition, forcing everyone in tech to try to remember which one is Groq and which one is Grok
2025-12-26 View on X
Bloomberg

Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently

anybody who knows anything about AI chips knows groq's first gen chips aren't competitive but maybe their upcoming chips might have been able to threaten nvidia? @josephjacks_ : Ov...

Breaking: NVIDIA announces giant $20B acquisition, forcing everyone in tech to try to remember which one is Groq and which one is Grok
2025-12-26 View on X
The Information

Sources: Nvidia's licensing deal with Groq, which has raised ~$1.8B, includes payouts to Groq's key execs and investors, including BlackRock and Tiger Global

Nvidia stunned Silicon Valley on Wednesday by agreeing to pay about $20 billion to license technology from Groq …

2025-12-25
Breaking: NVIDIA announces giant $20B acquisition, forcing everyone in tech to try to remember which one is Groq and which one is Grok
2025-12-25 View on X
Bloomberg

Nvidia agrees to a licensing deal with Groq; CEO Jonathan Ross and other top executives will join Nvidia; Groq says it will continue operating independently

Nvidia Corp. agreed to a licensing deal with artificial intelligence startup Groq, furthering its investments in companies connected …

2025-11-18
Gemini 3! Google is back and it's so over for OpenAI and Anthropic, until next week/month of course when it will be so over for Google for at least a few weeks
2025-11-18 View on X
The Verge

Google unveils Gemini 3, its “most intelligent” and “factually accurate” model yet, with improvements across coding and reasoning, and offering less “flattery”

The flagship Gemini 3 Pro model is coming to the Gemini app and Search, with improvements across coding, reasoning, and less ‘flattery.’

2025-11-17
I hear from many young VCs that they find it difficult to invest in deals like this. I would ask: “May I meet you?” [image]
2025-11-17 View on X
New York Times

Sources: AI startup Project Prometheus raised $6.2B, including from Jeff Bezos, who is its co-CEO, his first operational role since leaving Amazon in July 2021

Called Project Prometheus, the company is focusing on artificial intelligence for the engineering and manufacturing of computers, automobiles and spacecraft.

2025-08-01
Welcome to “how can I make the Figma IPO about me” day to all of us VCs who celebrate.
2025-08-01 View on X
CNBC

Figma's stock closes up 250% at $115.50, after Figma sold shares at $33 in its IPO, hitting a ~$68B valuation; Adobe's $20B Figma acquisition fell apart in 2023

Figma's stock more than tripled in its New York Stock Exchange debut on Thursday, a day after the design software company sold shares at $33 in its IPO.

2025-01-27
Microsoft: “we're good for our $80B” Meta: “we're good for our $65B” DeepSeek: “we're good for our $5.5M”
2025-01-27 View on X
Bloomberg

DeepSeek's iOS app tops the App Store's Top Free Apps chart in the US, beating ChatGPT, stirring doubts in Silicon Valley about the strength of the US' AI lead

- App's lower-cost model upends premise for AI spending boom  — Stocks of chip gear makers ASML and Advantest plunge

DeepMind DeepL DeepSeek If your AI startup's name start with “Deep”, I don't care what it does, I'll invest in the pre-seed
2025-01-27 View on X
Bloomberg

DeepSeek's iOS app tops the App Store's Top Free Apps chart in the US, beating ChatGPT, stirring doubts in Silicon Valley about the strength of the US' AI lead

- App's lower-cost model upends premise for AI spending boom  — Stocks of chip gear makers ASML and Advantest plunge

2025-01-20
The TikTok ban lasted as long as a TikTok lol [image]
2025-01-20 View on X
Axios

Donald Trump says he will sign an executive order on January 20 to delay enforcing the TikTok US ban and argues for a TikTok joint venture with 50% US ownership

Yes, Trump said he's “most likely” to give #TikTok 90-day extension.  —  No, that's not a legally available option.  —  The 270 days lapsed.  An extension is no longer available (e...

The TikTok ban lasted as long as a TikTok lol [image]
2025-01-20 View on X
The Verge

TikTok restores its service in the US, thanking Donald Trump for “the necessary clarity and assurance to our service providers that they will face no penalties”

The company said this afternoon that it is “in the process of restoring service” and thanked President-elect Trump for …

2025-01-19
The TikTok ban lasted as long as a TikTok lol [image]
2025-01-19 View on X
Axios

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,

2024-12-17
Google buying DeepMind for $400M-$650M in 2014 may very well be the best acquisition of all times.
2024-12-17 View on X
The Verge

Google debuts Whisk, an image generator that takes other images as prompts to suggest the subject, scene, and style, and uses the new, “latest” Imagen 3 version

Google has announced a new AI tool called Whisk that lets you generate images using other images as prompts instead of requiring a long text prompt.

Series J is the new IPO [image]
2024-12-17 View on X
Wall Street Journal

Databricks raised $10B from a16z, Thrive, and others at a $62B valuation, among the largest VC raises in history; documents show Databricks has $2.6B in revenue

As CEO of Databricks, Ali Ghodsi has performed a series of ‘strategic surgeries’ to make his company one of the fastest-growing startups in Silicon Valley