FTX, the third largest cryptocurrency exchange by trading volume, raised $400 million in a new funding round that valued the company at $32 billion, the company announced Monday. Among the investors participating were SoftBank Vision Fund 2, Paradigm, Tiger Global, Lightspeed Venture Partners and Ontario Teachers’ Pension Plan Board. The new investment comes less than four months after FTX...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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