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 labs, is aiming to ...
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 : Dramatic VC fund collaps...
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 transitions to advi...
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 I would bet everythi...
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 risk a bank run trill...
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-powered TVs this year Ad...
Friends and colleagues of Tony Hsieh say he was privately coping with issues of mental health and addiction, made worse by COVID lockdowns, over the past year
a sad tale of someone losing touch with reality and being aided and abetted by so-called friends https://www.forbes.com/... Jeff Atwood / @codinghorror : A disturbing read, but an important reminder t...
An inside account of how Bird laid off 406 employees in two minutes via a Zoom webinar; employees say they were locked out of their computers during the meeting
Last Friday morning, 406 Bird employees - who had been working from home for two weeks because of the coronavirus and bleary-eyed … Tweets: @joebelbruno , @thebenbergman , @bupbin , @felixsalmon , @to...