Rivian, a high-profile electric vehicle startup, continued a fundraising binge this year by raising $1.3 billion in a round led by T. Rowe Price Associates. The round was its fourth in 2019, having previously raised $700 million in February in a round led by Amazon; $500 million in April from Ford Motor Co; and $350 million in September from Cox Automotive. Rivian has generated buzz with its...
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The Role of Tech Founders in Stock Performance: The Information’s Tech Briefing
Are founder-led firms necessarily better bets for investors than those led by managers? An article on Reuters concluded as much, reporting that “Major founder-led tech firms have seen their share prices double so far this year, comfortably beating a 7.8% gain for the S&P 500 index” and also doing better than those led by hired hands. The report focused on Netflix, Amazon and ...
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