GoTo Group, a new $18 billion internet company created by the merger of two Indonesian startups Gojek and Tokopedia, is planning a new private funding round this summer ahead of its initial public offering, the South China Morning Post reported. The SCMP report didn’t have any details on how much money GoTo plans to raise in the new round or at what valuation. GoTo’s pre-IPO fundraising plans...
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Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter

As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
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Chinese Ride-Hailing App T3 Seeks $750 Million as Didi Global Struggles
Musk Scraps Margin Loan, Committing Another $6 billion in Equity for Twitter Deal
Twitter to Pay $150 Million to Settle FTC Privacy Case
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