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3/2/2024
10 : 44
Musk sues Altman, Gates and Zuckerberg attend a pre-wedding bash, and loads of coverage from last night
View in browser Wow, it's . . .really late suddenly, but we wanted to share with you some of the conversations from last night's stellar StrictlyVC event in LA You'll find these sprinkled
3/1/2024
9 : 14
Yikes -- General Motors has more than halved its internal valuation of Cruise since the previous quarter
View in browser We had a great time tonight; thank you to everyone who came tonight to our first StrictlyVC event outside of the Bay Area! We loved meeting new readers; we also really appreciated our
2/29/2024
7 : 4
Thrasio is bankrupt, Marc Benioff is quietly buying a whole lot of Hawaii's Big Island, and SBF calls for a shorter sentence
View in browser Heard today at Upfront Summit in West Hollywood, in an interview with honcho Brian Singerman of Founders Fund, who was asked about what is the "most broke thing about venture right
2/28/2024
7 : 54
Apple abandons its electric car ambitions, OpenAI slaps back at the New York Times, and Wall Street's newest pitch
View in browser Top News Apple is scuttling its secretive, long-running effort to build an autonomous electric car, executives announced in a short meeting with the team this morning. The company is
2/27/2024
7 : 54
The spotlight turns on OpenAI rival Mistral, Shein eyes the LSE, and the priciest rental on Martha's Vineyard
View in browser So looking forward to seeing you in LA this week! 💥 I'll be at the Upfront Summit on Wednesday (let me know if you will be, too). On Thursday night, my colleagues and I are hosting
2/24/2024
7 : 14
Nvidia hits a $2 trillion valuation, Vision Pro headsets are cracking, and a little-known ski resort gets big backing
View in browser Tahoe this week, where we'd taken the interns for a change of scenery and got more than we bargained for. Hope you have a wonderful weekend.:) Top News Nvidia hit a $2 trillion
2/23/2024
7 : 14
The most surprising numbers from Reddit's IPO filing, the demise of SoHo house, and an historic moon landing
View in browser Top News Reddit finally filed to go public today and revealed that it paid its CEO, Steve Huffman, $193 million last year. More on the IPO in "People" and "Data"
2/22/2024
6 : 54
Reddit's unusual IPO plans; Rivian's layoffs; and Techstars backs out of Seattle, citing a lack of VC activity
View in browser Top News On its Q4 earnings call today, Nvidia said it pulled in a stunning $22.1 billion in quarterly revenue as more and more companies use its chips for their AI models. The company
2/21/2024
7 : 54
Magic AI conjures $117 million round, the frenzy around Anthropic, and the fluffy friend more families might consider
View in browser We're about 10 days out from our first StrictlyVC event in LA We are SO EXCITED. We love LA We also love our line-up of speakers, all of whom will undoubtedly have a lot to say
2/20/2024
2 : 44
SoftBank's enviable Arm problem, Tesla's Chair comes under more scrutiny, and molecular furniture for tiny homes
View in browser Top News According to the WSJ, Capital One plans to buy Discover Financial Services in an all-stock deal that would marry two of the largest credit-card companies in the US
2/19/2024
2 : 54
Rusting Cybertrucks, record-low VC distributions, and a Wilson that never needs to be inflated 🏀
View in browser Top News The EU is dropping its DMA investigation into Apple's iMessage and Microsoft's Edge, Bing, and Advertising products and thus will not force Apple's iMessage to end
2/19/2024
2 : 24
Meta's newest board members, Y Combinator's newest interests, and SpaceX is now leaving Delaware, too
View in browser Top News OpenAI is developing a search tool that would place it in direct competition with Google. Reportedly, the service would be partly powered by Bing (which sounds more like a
2/19/2024
2 : 4
OpenAI jumps into video generation, Sequoia reportedly pressures Michael Moritz, and San Francisco bounces back
View in browser Top News Sequoia Capital is reportedly pushing famed former partner Michael Moritz to step down from his personal board position at the buy-now-pay-later company Klarna. According to
2/19/2024
1 : 44
SoftBank's Masayoshi Son is reportedly now looking to raise $100 billion for a new AI chip venture to rival Nvidia
View in browser Top News Bloomberg is reporting that SoftBank founder Masayoshi Son is looking to raise $100 billion for a new AI chip venture to rival Nvidia. OpenAI has completed a tender offer led
2/13/2024
7 : 54
Wish sells for a song, Arm's shares rise higher, and Rabbit's Jesse Lyu joins our L.A. lineup
View in browser We have great news for those of you coming to our StrictlyVC LA evening on Thursday, February 29 in Hollywood! In addition to an already stellar line-up of guest speakers that includes
2/10/2024
7 : 44
Grammarly writes off 25% of its employees, Musk moves Neuralink out of Delaware, and SoHo House is imploding
View in browser Our event in Hollywood is less than three weeks away! Excited to see a bunch of you there.:) (Thanks again to Lightspeed Venture Partners for co-hosting this one.) Top News New
2/9/2024
6 : 44
OpenAI cofounder and CEO Sam Altman is trying to raise up to $7 trillion for a new AI chip venture, plus other news!
View in browser Top News OpenAI cofounder and CEO Sam Altman is trying to raise up to $7 trillion(!) for a new AI chip venture. The WSJ has more here. Chipmaker Arm's stock price surged 48% today
2/8/2024
7 : 54
A foldable iPhone, another robotaxi accident (this time it's Waymo), and what American CEOs can't escape in China
View in browser Top News According to The Information, Apple is considering rolling out a foldable clamshell phone. TechCrunch looks at what that could mean for the competition. Disney is backing Epic
2/7/2024
6 : 34
Rare wine, magic mushrooms, and Adam Neumann is coming for WeWork
View in browser Top News Wall Street has generally applauded big tech companies for laying off employees, but not Snap. One day after the social media staple cut 10% of its headcount, its stock plunged
2/6/2024
7 : 44
Snap's cuts, shared Spotify accounts, and the WSJ dives deeper into Elon Musk's drug use
View in browser Top News Snap is laying off approximately 500 employees or 10% of its headcount in an effort to "reduce hierarchy." The company did a 20% RIF in 2022 and a 3% reduction last