OpenAI is in talks to raise a new round of funding at an eye-popping $ 100 billion-plus valuation, sources told the Wall Street Journal this week. It turns out investors have already proven they are willing to value the company that high to get on OpenAI’s coveted cap table. Multiple companies that track or facilitate […]
NEA quietly reenters the secondaries market
New Enterprise Associates (NEA) is getting back into the secondaries game. The Silicon Valley-based VC raised more than $ 468 million for NEA Secondary Opportunity Fund, according to an SEC filing. The fundraise closed on July 3, according to a source familiar with the matter, but hasn’t received much attention. The fund raised capital from […]
These fintech companies are hiring, despite a rough market in 2024
The fintech segment, which saw massive growth during the pandemic and immediately after, has had a fairly rough 2024. But while the rapid pace of funding has slowed, many fintechs are continuing to see growth and expand their teams. In an effort to better understand just how many fintechs might fit into this category, I […]
Why Porsche NA CEO Timo Resch is betting on ‘choice’ to survive the turbulent EV market
Timo Resch is basking in the sun. That’s literally true, as we speak on a gloriously clear California day at the Quail, one of Monterey Car Week’s most prestigious events. But it’s figuratively true as well, as Resch, who took the CEO role at Porsche Cars North America (PCNA) last November, is in a very […]
UK neobank Revolut valued at $45B after secondary market sale
Revolut has confirmed a new valuation of $ 45 billion via a secondary market share sale, shortly after the U.K.-based neobank secured its own banking license in the U.K. and in Mexico. The news positions Revolut as one of Europe’s most valuable private tech companies. Founded out of London in 2015, Revolut is one of […]