Venture capital firm Andreessen Horowitz has secured $515 million for its second cryptocurrency and blockchain fund, the firm announced this morning. Led by partners Katie Haun and Chris Dixon, the firm’s first crypto-focused fund raised $300 million in 2018. A16z was early among institutional funds to make cryptocurrency investments, and has taken stakes in digital currency trading platform...
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Instacart’s Bleak Second-Half Outlook: Slower Growth, Lower Profits
Instacart’s first couple of quarters on the public markets could come with slower revenue growth and lower profits than it reported in the first half, according to private forecasts from analysts at banks that underwrote Instacart’s initial public offering this month. The low expectations could further dent Instacart’s stock price, which has still been hovering around its IPO...
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