Silicon Valley Funding News - Week of April 24, 2023. Noah Medical Raised $150M Series B

Hi all... I’m excited to be speaking at the Bloomberg Wealth Summit on May 9 in a chat with Brad Stone discussing the future of digital assets.  If you are in Hong Kong, join us. 

Here are a few great reads and lists for the week: 

• 🍏 Tim Cook on Shaping the Future of Apple - If Steve Jobs was Walt Disney or Thomas Edison, who is Tim Cook? Even today, Cook is sometimes derided as “not a product guy” by the people who adore product guys, which describes much of Apple’s customer base. Read more
• 💰 The Evolution of Private Market Secondaries - GP-led secondaries, facilitated by the use of continuation vehicles (CVs), aren't new—they first appeared after the global financial crisis, when GPs found themselves with funds nearing the end of their fund lives, but with assets still sitting in them. With CVs, LPs can either 1) sell their positions and generate liquidity, 2) roll over their interests into the newly established vehicle, or 3) roll their interests and agree to commit additional capital to the new vehicle to avoid diluting their stake. Read more
• 🇨🇳 Alibaba follows Alphabet’s footstep - The breakup of Alibaba into six units could pioneer a new roadmap and test the nation's revamped IPO system. Alibaba said the biggest restructuring in its 24-year history would see it split into six units - Cloud Intelligence Group, Taobao Tmall Commerce Group, Local Services Group, Cainiao Smart Logistics Group, Global Digital Commerce Group and Digital Media and Entertainment Group. China's internet sector is looking to rebuild after years long crackdown that has shaken VC investor confidence. Could this happen to Tencent and Bytedance too? 
• 🎥 Text to Video is coming - This week, Google unveils their text-to-video AI tool and Runway announced their Gen-2 model multi-modal AI system that can generate novel videos with text, images, or video clips.
• 🇧🇲 Coinbase Receives Bermuda License - Outlines Global Expansion Plans Coinbase announced it has obtained a license from the Bermuda Monetary Authority (BMA) are also in talks with the Financial Services Regulatory Authority (FRSA), a regulator of the Abu Dhabi Global Market (ADGM) and UK’s Economic Secretary and City Minister, Andrew Griffith, the Bank of England, and leading regulator the Financial Conduct Authority (FCA),

This week a total of 16 startups raised $523M in funding, 1 M&As:

• $160M goes to 4 Enterprise startups
• $43.5M goes to 3 FinTech startups
• $15.6M goes to 1 Marketplace startup
• $5.1M goes to 1 Gaming startup
• $150M goes to 1 Healthcare startup
• $17.3M goes to 1 Electric Vehicle startup
• $20M goes to 1 Environmental startup
• $20M goes to 1 Robotics startup
• $76.5M goes to 2 Telecommunications startups
• $15M goes to 1 Other startup