Andreessen Horowitz led a $65 million round of investing that valued the buzzy newsletter startup Substack at $650 million, Axios reported. The heady valuation underscores how Silicon Valley venture capitalists are pushing up the prices of hot startups as they chase deals. Andreesen is an existing investor. Substack has seen its popularity rise as journalists and others join the online...
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DoorDash Should Buy Instacart Now
Instacart’s stock price performance so far brings to mind a variation on the old line about love: Is it better to have gone public and lost, or never to have gone public at all? The shares fell 9% on Monday to $26.96, 10% below its IPO price, following our scoop that the Wall Street analysts at the banks underwriting the offering are projecting a severe slowdown in Instacart’s growth in the...
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