Gopuff, a startup that offers grocery and convenience-item delivery for 30 minutes or fewer, is raising $1.5 billion in a convertible note which would convert into equity at the lower of either an IPO valuation or at a $40 billion valuation. The funding is being led by existing investor Guggenheim Partners. The funding would help shore up capital for Gopuff as competition from other instant...
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The Briefing Venture Capital Startups
Startups in Sequoia’s ‘Crucible Moment’; Musk Pledges More Funding for Twitter
As we reported last night, Sequoia Capital has once again taken on the role of Silicon Valley soothsayer, releasing a 52-slide presentation on advice to startups, which it says face a “crucible moment” as the economy slows and central banks retract the monetary stimulus that kicked off the boom two years ago. In particular, the partners at Sequoia told founders to rethink how they consider...
Chinese Ride-Hailing App T3 Seeks $750 Million as Didi Global Struggles
Musk Scraps Margin Loan, Committing Another $6 billion in Equity for Twitter Deal
Twitter to Pay $150 Million to Settle FTC Privacy Case
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