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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
2/3/2024
7 : 44

Meta shoots the moon, Joe Rogan's big deal, and the people buying Apple's $3,500 headset

View in browser Top News Investors apparently liked Meta's numbers and its plan to issue quarterly dividends. Today, its stock soared 20%, the biggest single-session increase in market value ever.
2/2/2024
7 : 44

Overrated CEOs, Border collies herding ducks, and VCs Elad Gil and Sarah Guo on the risks and rewards of funding AI

View in browser Top News On its earnings call, Meta reported that profits had tripled and said that it is now offering investors a dividend. The news caused the company's shares to soar 14%. Less
2/1/2024
7 : 14

Zuck's apology, a research paper on IPO shenanigans, and 23andMe's fall from almost $6 billion to near nothingness

View in browser Top News At a Senate hearing today about protecting chilren who are online, Meta cofounder and CEO Mark Zuckerberg apologized to the families of children who had suffered abuse on
1/31/2024
6 : 14

A look at the Apple Vision Pro, Peter Thiel's all-drug Olympics, and a new lawsuit questions Snapchat's design

View in browser Top News A Delaware judge has rejected the $55.8 billion pay package Elon Musk received from Tesla in 2018 that made him the world's richest man. Is the AI bloom off the rose?
1/30/2024
6 : 14

Amazon drops iRobot, another crypto Ponzi scheme, and how much Super Bowl tix cost this year

View in browser Top News In the face of EU opposition, Amazon has dropped its plan to acquire iRobot, leading the maker of the Roomba to lay off 350 people or 31% of its staff. CEO Colin Angle is also
1/27/2024
6 : 34

Generative AI smartphones are coming, Flexport plans a layoff, and a big wheel drops plans for a big fund

View in browser Weekend! Top News More rumors about Elon Musk's xAI, which launched the foul-mouthed chatbot Grok last month. Reportedly, the startup is in talks to raise up to $6 billion at a $20