SoftBank is investing $1.3 billion in mortgage startup Better, which is merging with a special-purpose acquisition company run by Iceland’s first billionaire. The investment, part of a larger private equity in public equity that accompanies the SPAC deal, would value New York-based Better at $7.8 billion. Better, which mostly sells mortgages and other home equity products, has benefitted from...
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What Sequoia Should Have Said
I remember my jaw dropping last year when The Information’s Juro Osawa reported that Sequoia China was in talks to raise more than $8 billion in new funding from U.S. investors and others.I was baffled. I just couldn’t imagine that Sequoia, which had picked a slew of winners in the U.S. and China ranging from Google to Meituan, was going to continue to draw such inflows from the U.S. to its...
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