Tiger Global Management is close to a deal to sell part of its stake in artificial intelligence startup Cohere that values the startup at about $3 billion, The Information reported Tuesday. The deal will value the startup 40% higher than its most recent June financing for a $63 million stake, assuming talks don’t fall apart. Tiger, which invests in both public and private companies, has...
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The Weekend startups culture
The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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