Valuations for private startups headquartered in the U.S. are breaking records yet again, with the average valuation for an early-stage startup rising more than 50% to $93.1 million in the first half of the year, according to new data from PitchBook. Late-stage valuations have expanded even more, reaching a new average of $914 million, or nearly double last year’s average of $500 million. ...
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MoonPay Is Trying to Reinvent Itself
In case you missed it, I scooped Tuesday that insiders at MoonPay, including its DJ-turned-CEO Ivan Soto-Wright, sold $150 million worth of shares in a secondary transaction as part of its $555 million November 2021 funding round. And a few weeks after the Series A announcement, Soto-Wright bought a $38 million Miami Beach estate that was previously owned by retired Miami Heat star Chris Bosh....
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