Venture capital firm SYN Ventures on Tuesday closed a $300 million fund to invest in early-stage cybersecurity startups less than a year after raising its debut $200 million fund, said Jay Leek, the firm’s co-founder and managing partner. The environment for startups is tougher today than it was when SYN first started investing last June. But cybersecurity funding rose by 50% in the first...
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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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