Andreessen Horowitz on Wednesday announced the biggest crypto-focused venture capital fund ever, calling this moment a “golden era” for web3 companies, even as crypto markets tumble. The $4.5 billion fund—the firm’s fourth and biggest to focus on crypto—will dedicate $3 billion to venture investments and $1.5 billion to seed investments. So far this year, the market cap for all...
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Musk Puts $20 Billion Value on Twitter
Elon Musk offered Twitter employees stock grants at a valuation of roughly $20 billion, said a person familiar with an email Musk sent to staff, less than half what he paid to buy the company. It was a concrete acknowledgment of how much Twitter’s value has dropped since the deal—but it is still well above public market valuation levels for Twitter’s rivals.
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