Pripnuté
It’s my first day at The Wall Street Journal covering startups, VC, AI and more. Confidential tips welcome: [email protected] | Signal: 415-409-9095.
Kate Clark
5,064 posts
Kate Clark
@KateClarkTweets
- Scoop: Marc Andreessen and Ben Horowitz, who run the influential venture capital firm Andreessen Horowitz, have told staff they plan to make large donations to political action committees supporting the election of Donald Trump. w/ @coryweinberg
- I just can't get over the fact that SBF was playing video games during VC pitches and that wasn't seen as a red flag.
- Scoop: Sam Bankman-Fried invested hundreds of millions in Sequoia Capital, Paradigm, Multicoin and Altimeter, the same VC firms that backed FTX. These ties show just how deeply entangled Silicon Valley VC firms are in SBF's collapsing crypto empire.
- Adam and Rebekah Neumann’s crypto startup Flowcarbon raises $70 million in equity & token funding from Andreessen Horowitz. Yup, you read that correctly.
- Scoop: Genesis parent company Digital Currency Group just shut down its $3.5 billion wealth management division as the crypto contagion continues.
- An investor told me yesterday that they were recently asked what the "web3 strategy" of one of their portfolio companies was. It was a smart oven startup.
- When the person buying your table off Craigslist pitches you on their YC startup. Only in SF.
- When the rumors of big layoffs start to outpace the rumors of big VC deals 😳
- Andreessen Horowitz has $16.6 billion in AUM, according to its website. Its @coinbase stake, at the expected $100 billion valuation, is worth an estimated $15 billion. 🤯
- Sequoia’s letter to limited partners concerning its investment in FTX.
- Wonder how the Web3 founders are feeling now that VCs have pivoted back to AI.
- What companies famously (or quietly) struggled to raise venture capital early on but are now wildly successful? Needs some examples.
