VC firm Andreessen Horowitz raised $9 billion in capital across three new funds, the company announced Friday. The firm said it will invest $1.5 billion in a biotech fund, $5 billion in a growth fund, and $2.5 billion in a venture fund. The new funds further cements Andreessen Horowitz as one of the largest traditional VC firms and adds to its 2021 fundraising haul, when it raised $2.2 billion...
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Privately held crypto exchanges are setting new lows in corporate governance. If you thought the initial bankruptcy filing for Sam Bankman-Fried’s FTX was stunning in what it revealed about how that company was run, check out the Commodity Futures Trading Commissions lawsuit against Binance today. Here’s a business empire controlled by one person, Changpeng Zhao, which has no board of directors...
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