16 Silicon Valley Startups Raised $513.3M the Week of May 20, 2024
16 Silicon Valley Startups Raised $513.3M the Week of May 20, 2024🏀 How OpenAI Played Hardball with Their Employees and Scarlet Johansson. 📺 Microsoft Broke the Innovators Dilemma Cycle 🇭🇰 Hong Kong Web3 Report 2024. 💹 SEC Approves 8 Ethereum ETFs
Happy Memorial Day! I will be heading to Consensus 2024 later this week speaking on Doing Blockchain Business in Hong Kong with my friends Casey Lau and Yat Siu on Thursday and Hong Kong Web3 Report 2024 on Friday! Join us. Here are a few great things to read/watch this week: 📺 NPU versus GPU - My partner Alfred Chuang did a great job on CNBC analyzing that the AI battle is really NPU versus GPU. Inferences chip set will hope a much more important role in the world of chipset. The future will not be just about training. The future will be heavily driven by inferences - once you do most of the training, the most important thing will be to empower applications to respond in Inferences (what is inferred by the AI model is just like a human). Watch Alfred on CNBC Meanwhile, Jensen Huang’s net worth swelled from $3 billion to $90 billion in five years with Nvidia shares up roughly 28X in the past five years. Good for him! 🏀 How OpenAI Played Hardball with Their Employees and Scarlet Johansson - When an employee leaves OpenAI, they are asked to sign a separation and nondisclosure agreement within 7 days or their vested equity may vanish at the sole and absolute discretion of the company. For a company to threaten to claw back already-vested equity is very egregious and unusual… Read the full story and documents on Vox. Meanwhile, the company is trying to blow past ethical concerns and operating with impunity with Scarlet Johansson. Altman posted a cheeky, one-word statement on X: “Her” on May 13, then issued an apology on May 20. Read more in the Atlantic. (Credits: Made by DALL-E & Edith) 📝 Beyond Benchmarks Report by Emergence - I enjoyed reading this report. Here are a few highlights / reminders that stood out for me:
💹 SEC Approves 8 Ethereum ETFs including BlackRock and Fidelity - The SEC on Thursday approved applications from the Nasdaq, CBOE and NYSE to list ETFs tied to the price of Ethereum (up 110.28% in past 12 months). The 8 SEC approved 19b-4 forms are from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy and Franklin Templeton. Read more on The Block This week a total of 16 startups raised $513.3M in funding, 2 M&As:
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When to Raise a Series A? 16 Silicon Valley Startups Raised $622.9M Last Week
Monday, May 20, 2024
💰 Sigma Computing Raised $200M Series D 💰 Top Universities For Funded Founders 🔢 Social Capital Fund Return (2011-2023) 👑 Palmer Luckey Wants to Be Silicon Valley's War King ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
16 Silicon Valley Startups Raised $626.7M During Week of May 13, 2024
Monday, May 13, 2024
💪 Tech of Year 2024 is not AI, It's GLP-1s. 🔥 Race Capital June Event Series. 🐢 The Exodus of China's Wealthy to Japan. 😔 RIP Jim Simons ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Week of May 6, 2024 - 12 Silicon Valley Startups Raised $461M. Island Raised $175M Series D led by Coatue and Sequ…
Monday, May 6, 2024
Week of May 6, 2024 - 12 Silicon Valley Startups Raised $461M. 🔥 Burn Book by Kara Swisher. 🤓 How to Pick the Right Series A Investors. 👓 Meta is Quietly Winning the AI Wearable Race. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
Why the F We’re Still Doing This, Xiaomi EV Launches, and 12 Startups Raised $320.8M Last Week
Thursday, May 2, 2024
Week of April 7, 2024 - 12 Silicon Valley Startups Raised $320.8M Last Week, Why The F We're Still Doing This, Why an Email Company Makes Sense for Intuit and Xiaomi EV Launch in Guangzhou ͏ ͏ ͏ ͏
Top 10 Most Funded AI Companies as of April 2024
Thursday, May 2, 2024
Week of April 15, 2024 - 13 Silicon Valley Startups Raised $298.1M Last Week, State of AAPI in Venture Capital and Generative AI Brings San Francisco Back from the Dead. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏
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