Sources: OpenAI recently topped $1.6B in annualized revenue, up from $1.3B in mid-October; some OpenAI leaders believe OpenAI can reach a $5B ARR by 2024's end
It's effectively an imaginary number. It isn't the revenue made this year. … X: Ant Stanley / @iamstan : Annualized Revenue is a VC metric and different from Annual revenue. It is the latest month's ...
Instacart prices its 22M shares at $30 a piece, raising $660M in its IPO at a fully diluted valuation of ~$10B; Instacart was valued at $39B in 2021
the company isn't just an app. @apoorva_mehta and the team had to build an e-commerce, labor management and ad platform. He also had to construct an enterprise system for retailers + all in a low-marg...
The Delaware Court of Chancery grants Twitter an expedited five-day trial in October in its lawsuit against Elon Musk, who wanted the trial to begin in 2023
The year was 1944. The world was at war. Jon Fingas / Engadget : Judge grants Twitter expedited trial against Elon Musk Insider : Twitter wins first battle in lawsuit with Musk after judge agrees to ...
As tech stocks fall, Andreessen Horowitz, Sequoia, GGV, and other VC firms are buying publicly traded stocks of companies whose prospects they deem to be strong
Plunging shares of tech stocks have prompted venture capital firms to take an unusual step: buying publicly traded stocks. Tweets: @eghosao and @amir Tweets: Eghosa Omoigui / @eghosao : Some of us hav...
A look at the state of the VC industry: from over-paying in the face of absurd valuations, to big bets on decentralized “Web 3.0” apps, cybersecurity, and more
Mark Suster / Both Sides of the Table : Tweets: @ediggs , @michaelandma , @eghosao , @ljungman , @trengriffin , and @kevinweil Tweets: Eze Vidra / @ediggs : The changing venture landscape by @msuster...
Interviews and documents reveal that in the year before his death, Tony Hsieh was surrounded by people who lived off his fortune and enabled his risky lifestyle
The group that surrounded the late Zappos boss helped sustain his drug habit, protected him from outsiders and lived off his largess Tweets: @roxannetaylor , @chrisfralic , @shibanijoshi , @eliotwb , ...
Interviews and documents reveal that in the year before his death, Tony Hsieh was surrounded by people who lived off his fortune and enabled his risky lifestyle
The group that surrounded the late Zappos boss helped sustain his drug habit, protected him from outsiders and lived off his largess Tweets: @katherinesayre , @sarahfenske , @cduhaime , @lizrappaport ...
Filing: ahead of Snowflake's IPO, Salesforce and Berkshire Hathaway both commit to buy $250M worth of Snowflake stock; IPO range to value it at ~$21B-$23.7B
Appeal of the cloud data storage platform lies not only in its triple-digit sales growth Jessica Bursztynsky / CNBC : Snowflake IPO gets vote of confidence as Berkshire, Salesforce agree to buy shares...
Audrey Tang, Taiwan's digital minister and an accomplished programmer, is showing how digital tools can build strong, open, accountable democracies
Audrey Tang says tech can build trust, tame misinformation, and strengthen democracy. Her plan might even work in the US. Tweets: @paulsweeney , @agnescallard , @plexus , @michlimlim , @rossdawson , ...
Mattermark to shut down after being acquired by FullContact, source says for under $500K in cash plus stock; common stockholders will get nothing in the deal
Mattermark, the site for startup and company data, is shutting down its own business after selling in a disappointing outcome to FullContact. Tweets: @ceonyc , @eriktorenberg , @eghosao , @rafat , @ze...