Y Combinator’s Garry Tan Goes to the MatRead more

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Upper90 Closes $180 Million Fund for Asset-Based Startup Lending

By
Maria Heeter
· · Source: The Information

Upper90, a New York-based investment firm, has raised $180 million for its third fund focused on financing early-stage startups with debt or a mix of debt and equity. It’s the latest in a crop of new funds angling to back startups with alternatives to equity as venture investors retreat and the market for new stock offerings remains closed. Founded in 2018 by chief executive officer Billy...

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Jasper, an Early Generative AI Winner, Cuts Internal Valuation as Growth Slows
By Natasha Mascarenhas and Stephanie Palazzolo · Sept. 28, 2023 6:40 PM PDT
Dave Rogenmoser, cofounder of Jasper. Photo via Getty.
Jasper AI, an early darling of the generative artificial intelligence boom, has cut the internal value of its common shares 20%, according to former employees who were notified by the company. The drop in Jasper’s internal valuation could indicate that the growth of its AI-powered writing tool for marketers has slowed since the company raised venture funding at a $1.5 billion valuation in...
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Y Combinator’s Garry Tan Goes to the Mat
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