Silicon Valley Funding News - Week of July 11, 2022. Coalition Raised $250M Series F

When the market is down, people tend to do strange things...

Here's 5 great reads for this week:

• 😲 VC Fund wants to go public  - General Atlantic is weighing an IPO
• 😲 Startups Delay Exits and IPOs - SPACs worked out very well. Until it didn’t. Many companies are delaying their IPO. 
• 😲 Venture Funds start buying public stocks - Forget about early stage. Andreessen Horowitz bought shares in Block (Square).  GGV Capital invested in HashiCorp. Thrive Capital bought stock in Carvana.
• 😲 Decacorn Turned 🦄 Again - Klarna's valuation dropped 85% from $45.6 billion to $6.5 billion.
• 😲 Elon wants out of his deal to by Twitter for $44 billion. 90 days ago, Musk wanted to buy Twitter in order to clean up the bot problem. Now he wants to get out because of the bot problem. If the deal goes through, he would spend $33.5 billion of his own money and $13 billion of debt financing from his banks, If the banks don’t hold up their end of the bargain,  Elon would pay the $1 billion to walk away. Axios puts this together 👉

• $3M goes to 1 Enterprise startup
• $267M goes to 2 FinTech startups
• $30M goes to 1 eCommerce startup
• $1.5M goes to 1 Marketplace startup
• $32.7M goes to 1 Healthcare startup
• $15M goes to 1 Other startup