The Information

YC CEO Garry Tan. Photo: Bloomberg.

Y Combinator to End Late-Stage Startup Fund, Lays Off Staff

By Kate Clark and Erin Woo · Mar 13, 2023 1:27pm PDT · 1 comment

Silicon Valley startup accelerator Y Combinator won’t raise another continuity fund, which backs mature private tech companies, two people familiar with the matter said. The partners who led the fund, Anu Hariharan and Ali Rowghani, plan to leave the firm, the two people said. The pair plan to set up a fund together, one of the people... Silicon Valley startup accelerator Y Combinator won’t raise another continuity fund, which...

Dario Amodei, CEO and co-founder of Anthropic. Photo: YouTube/Centre for Effective Altruism.

OpenAI Rival Anthropic Raises Funding at $4.1 Billion Valuation

By Kate Clark · Mar 8, 2023 1:37pm PST

Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic, one of the primary startup challengers to OpenAI, at a pre-investment valuation of $4.1 billion, according to two people familiar with the matter. The deal follows a $400 million investment in the startup by Google, one of the people said. ... Spark Capital is leading a $300 million investment in artificial intelligence startup Anthropic,...

Patrick Collison, CEO and co-founder of Stripe, left, and John Collison, president and co-founder of Stripe. Photo by Bloomberg.

Stripe Cuts Valuation to $50 Billion After Facing Fundraising Hurdles

By Maria Heeter and Cory Weinberg · Feb 28, 2023 4:43pm PST · 5 comments

Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50 billion, according to two people familiar with the situation, underlining the challenges that Stripe has faced in completing the fundraising. While Stripe is still expected to complete the funding round, it is now setting the per-share price at about... Stripe has cut the valuation for its multi-billion-dollar fundraising by about 10% to around $50...