A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen
- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen
- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen
- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
A surge in AI company valuations is driving the popularity of special purpose vehicles, but some involve high fees, opaque structures, and layers of middlemen
- SPVs have been surging in popularity as retail investors scramble for stock in hot AI companies.
Sources: Mira Murati's new startup, Thinking Machines Lab, is aiming to raise $1B at a ~$9B valuation; the round is in progress and details could change
Business Insider : X: @julia_hornstein and @thebenbergman X: Julia Hornstein / @julia_hornstein : late-night scoop w @thebenbergman: mira murati's new ai startup, thinking machine...
Ex-Autonomy CEO Mike Lynch, who was acquitted on US fraud charges in June 2024, is among six missing after a superyacht sank off Sicily, per Italian authorities
A luxury superyacht carrying foreign tourists capsized and sank off the Italian island of Sicily in bad weather early Monday.
Eric Schmidt says he “misspoke” when he said Google was losing the AI race because the company decided that “working from home was more important than winning”
Ex-Google CEO had said the tech company's work-life balance was ‘more important than winning’
Source: VC firm OpenView laid off most of its staff and does not plan to make new investments, after several partners recently left the firm
OpenView Venture Partners is a VC firm which raised $2.4 billion and is now shutting down because they don't think they can generate returns for their LPs. … X: @saranormous : Dram...
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...
WeWork's bankruptcy caps a years-long saga for Masayoshi Son, who overrode lieutenants' objections to hand Adam Neumann billions, losing SoftBank over $11.5B
- Co-working space's bankruptcy highlights billionaire's hubris — Few checks on SoftBank CEO as he prepares to go on offensive
WeWork, valued at $47B in 2019, files for Chapter 11 bankruptcy protection for its US and Canada locations, and reports liabilities ranging from $10B to $50B
The company reported liabilities ranging … Kritikopoulos Spiros : Today's diamonds may easily end up tomorrow's coal! Jerry Kallas : The company leases millions of square feet of o...
X CEO Linda Yaccarino claims 90% of the top 100 advertisers “returned to the platform in the past 12 weeks alone” and that X will be profitable by early 2024
You cannot talk profitability when you are defrauding owed funds to others. … Bluesky: @67sound.bsky.social : This may or may not be true if she is talking operating cash flow but ...
As the “Bank of Startups”, Silicon Valley Bank collapsed from its exposure to interest-rate risk, a lack of diversity among depositors, and VC herd mentality
an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or... https://twitter.com/... Bob Elliott / @bobeunlimited : Fed/FDIC decisions on SVB determine whether they r...
Silicon Valley Bank launches a $2.25B share sale after losing ~$1.8B on its ~$21B of US Treasuries and mortgage-backed securities
Technology-focused lender suffered loss on $21bn portfolio of Treasuries and mortgage-backed securities — Silicon Valley Bank has launched a $2.25bn share sale …
Sheryl Sandberg is leaving Meta this fall after 14 years, and chief growth officer Javier Olivan will take over as COO; Sandberg will stay on Meta's board
Sheryl Sandberg is stepping down from her role as Chief Operating Officer at Meta, the company formerly known as Facebook. Source: Sheryl Sandberg .
Cameo lays off 87 staff; source says CTO Rob Post, marketing exec Emily Boschwitz, CPO Nundu Janakiram, and Chief People Officer Melanie Steinbach have gone
Cameo, the celebrity video greetings startup, laid off 87 of staffers Wednesday, a move that CEO Steven Galanis described as “right-sizing.”
Sources: Amazon will launch its own TV featuring Alexa and no third-party manufacturer branding in the US, possibly as soon as October
and that could be big Andrew / Phandroid : The first Amazon self-branded TV could be arriving as early as October Rob Thubron / TechSpot : Amazon expected to release own Alexa-powe...
Sources: Amazon will launch its own TV featuring Alexa and no third-party manufacturer branding in the US, possibly as soon as October
- Amazon is planning to roll out its own Amazon-branded TV, Insider has learned. — A US launch is targeted for as soon as October.
Docs show that Bird is preparing to go public via a SPAC merger at $2.3B valuation; Bird expects to trim adjusted EBITDA loss to $96M in 2021 vs. $183M in 2020
Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic …
Docs show that Bird is preparing to go public via a SPAC merger at $2.3B valuation; Bird expects to trim adjusted EBITDA loss to $96M in 2021 vs. $183M in 2020
Bird Rides, the Santa-Monica e-scooter company that was once a startup darling but saw ridership plunge during the pandemic …