The FTX bankruptcy estate is moving to sell its stake in venture firm Sequoia Capital to Abu Dhabi sovereign wealth fund Al Nawwar Investments for $45 million, according to a court filing on Wednesday. Alameda Ventures originally committed $100 million for the stake in March 2022, of which Sequoia has called roughly $50 million. Al Nawwar is a subsidiary of the Abu Dhabi Investment Council...
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The Briefing markets startups
A Boring—but Important—IPO
We tend to lionize founders who start companies with the splashiest, most far-reaching consumer products. So Andrew Bialecki of $10 billion marketing tech startup Klaviyo—a name few people even know how to pronounce (it’s “clay-vee-oh”)—isn’t exactly a favorite to headline the next Code Conference.But Bialecki—a Boston-based, 37-year-old engineer who rarely gives interviews anyway—should be...
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