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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Why the CFTC’s Binance Lawsuit Is Good News for Coinbase
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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Lyft CEO Steps Down, Likely to Spark Sale Speculation
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