Venture firm General Catalyst announced that Deep Nishar, previously the sole managing partner at SoftBank’s Vision Fund, will join its investing team as managing director. In his six-year tenure at SoftBank, Nishar led high-profile investments in companies such as Slack, 10x Genomics, and Guardant Health. His departure, announced in October, followed a wave of other high-profile exits of...
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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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