Why AI startups are selling the same equity at two different prices

Why AI startups are selling the same equity at two different prices

As competition among AI startups heats up, founders and VCs are turning to novel valuation mechanisms to manufacture a perception of market dominance. Until recently, the most sought-after companies raised multiple rounds of funding in quick succession at escalating valuations. However, because constant fundraising distracts founders from building their products, lead VCs have devised a…

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The candidate that Silicon Valley built is now the one they want to tear down

The candidate that Silicon Valley built is now the one they want to tear down

For months, there has been talk that Silicon Valley’s billionaire class was recruiting a candidate to take on Representative Ro Khanna. Early Tuesday morning, that candidate made it official. Ethan Agarwal (pictured above), a 40-year-old tech entrepreneur with no political background, told TechCrunch on Monday evening that he is running for California’s 17th congressional district….

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Plaid valued at B in employee share sale

Plaid valued at $8B in employee share sale

Plaid, a company that connects financial applications to users’ bank accounts, enabling payments and data verification, has allowed employees to sell some of their shares at an $8 billion valuation, the company confirmed to TechCrunch on Thursday. The valuation represents a 31% increase from the $6.1 billion valuation the 13-year-old company achieved in April of…

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