Competition for Silicon Valley engineering talent is nothing new, but a notable example has arisen in the self-driving car field. “I’ll be direct,” said Kyle Vogt, CTO of Cruise, the self-driving taxi developer majority owned by GM, in an email this week to numerous software engineers at rival firm Zoox. “I’m writing because your company is potentially about to go through a major transition, and...
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Sequoia Capital Targets $2.25 Billion for Two U.S. VC Funds
Sequoia Capital, defying the tech market sell-off that’s chilled startup fundraising, is asking investors to commit money to two new U.S.-focused funds, according to two people familiar with the matter. The Menlo Park, Calif.-based venture capital firm behind Airbnb and DoorDash expects to dedicate $1.5 billion to a U.S. growth fund focused on more mature companies, the people said....
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