2025-09-21
Great story on Edwin Chen, founder and CEO of data labeling AI company Surge. His 75% stake in the company is worth an estimated $18 billion: https://www.forbes.com/.... By @_pheebini
Forbes
A profile of Edwin Chen, the CEO of Surge AI, a Scale AI rival that had $1.2B revenue in 2024, is profitable, and is reportedly raising $1B at a $30B valuation
This story appears in the October/November 2025 issue of Forbes Magazine. Subscribe — An alum of Google, Facebook and Twitter … X: @_iainmartin , @_pheebini , @richa_lq , @hello...
2025-08-08
NEW: Everyone hates credit card disputes. This fintech is using AI to fix that. Casap just raised $25 million in funding at a $105 million valuation to try to make disputes easier for honest customers and tougher for fraudsters: https://www.forbes.com/...
Forbes
NYC-based Casap, which helps banks automate dispute and anti-fraud operations, raised a $25M Series A led by Emergence Capital, bringing its funding to $33.5M
Jeff Kauflin / Forbes : Source: Casap .
2022-11-22
NEW: FTX and Alameda Research lost $3.7 billion before 2022. The huge loss is perplexing for two reasons: It contradicts the image SBF has portrayed of his companies, and it bucks the trend of a highly profitable 2021 for the cryptocurrency industry. https://www.forbes.com/...
Reuters
Records: FTX, its executives, and SBF's parents bought 19+ properties in the Bahamas worth ~$121M over the past two years as “residence for key personnel”
Sam Bankman-Fried's FTX, his parents and senior executives of the failed cryptocurrency exchange bought …
NEW: FTX and Alameda Research lost $3.7 billion before 2022. The huge loss is perplexing for two reasons: It contradicts the image SBF has portrayed of his companies, and it bucks the trend of a highly profitable 2021 for the cryptocurrency industry. https://www.forbes.com/...
CoinDesk
Filings: FTX, Alameda, and other affiliates have $1.2B in cash reserves, below the $3.1B owed to the top 50 creditors; Alameda's reserves are largest at ~$393M
The bankrupt crypto exchange FTX owes around $3.1 billion to its top 50 creditors. — The various divisions …
2022-10-21
Scoop: Stripe employees say the company is using aggressive performance reviews to identify and potentially push out perceived underperformers. Employees also say there's a lack of “psychological safety” at the company: https://www.forbes.com/...
Forbes
Sources: senior Stripe executives asked managers to restart giving lower ratings on performance reviews to 10% to 15% of staff, to prune the company's workforce
2022-08-10
There are only about 100 food stores (out of 250,000) in America where you can use food stamps to pay for online grocery delivery. Fintech startup Forage, valued at roughly $100 million, is trying to close that gap: https://www.forbes.com/...
Forbes
Forage, whose software helps grocers accept online SNAP food stamp payments, has raised a $22M Series A led by Nyca Partners, valuing the startup at ~$100M
Jeff Kauflin / Forbes :
2021-02-26
Coinbase's cofounders and investors, including Andreessen Horowitz, Union Square Ventures and Ribbit Capital, are set to reap tens of billions from its upcoming IPO: https://www.forbes.com/... https://twitter.com/...
Decrypt
Coinbase files its S-1, reveals profit of $322M in 2020 on $1.2B in revenue, up from a loss of $30M in 2019 on $533M in revenue
This summary highlights selected information that is presented … Jeff Kauflin / Forbes : Coinbase Cofounders And Investors Poised To Rake In Tens Of Billions From IPO Ian Allison /...
2020-02-15
Coinbase, Polychain, Pantera, Paradigm and Dragonfly have invested $28 million in Hong Kong crypto trading firm Amber: https://www.forbes.com/... @ForbesCrypto
Forbes
HK-based Amber, which offers crypto trading services like arbitrage, market making, and lending to institutional investors, raises $28M at a $100M valuation
Jeff Kauflin / Forbes :
2018-01-03
Ripple co-founder Chris Larsen is now worth $37 billion due to his huge holdings of XRP (Ripple's coin), making him the 15th richest American: http://www.forbes.com/... http://twitter.com/...
Quartz
Ripple, NEM, Ardor, Stellar, and Dash topped the list of best-performing cryptoassets in 2017; Bitcoin's value rose 1,318% during 2017 vs. 36,018% for Ripple
Bitcoin's value grew by more than 1,000% in 2017, but that wasn't enough to even place it among the 10 best-performing cryptoassets of the year.