Venture Capital

The Information's in-depth reporting about the venture capital industry includes coverage of the major firms in the space, such as Sequoia, Tiger Global Management, and Andreessen Horowitz. Our team breaks the news about major funding deals, firm strategies and more.

Recent Articles about Venture Capital
Robert Alexander/Getty Images.
True Value

Twilio’s AI Boost Is a Double-Edged Sword

By Anita Ramaswamy · May 25, 2026 6:00am PDT
Twilio stock is on a run so incredible you’d think it was immune to the “SaaS apocalypse” plaguing enterprise software stocks. But investors are missing the bigger picture. The company, which sells software tools to help firms communicate with their customers via text messaging, phone calls and emails, has seen its shares rocket 36% so far this... Twilio stock is on a run so incredible you’d think it was immune to the “SaaS apocalypse”...
Sunday Insights

As SpaceX and OpenAI Prepare for Public Debuts, What Recent IPO History Signals

By Julia Hornstein · May 24, 2026 8:00am PDT · 1 comment
Smart-ring maker Oura and crypto company Blockchain.com said last week they had filed paperwork to go public, adding to a growing number of companies, including OpenAI, that are making moves to list in the wake of SpaceX’s upcoming mega initial public offering. If recent history is any guide, the startups closely tied to AI will do well. For the... Smart-ring maker Oura and crypto company Blockchain.com said last week they had filed paperwork...
Art by Clark Miller
Politics and Policy

Inside Crypto’s Washington Command Center—and Blitz for Legitimacy

By Yueqi Yang · May 23, 2026 7:01am PDT
The most important real-world address in all of crypto may very well be 1155 F Street in Washington. The location is a 12-story, glass-paneled office tower that has quickly become the industry’s command center in its bid for securing greater sway in the nation’s capital. Nearly everyone who matters in crypto lobbying efforts has set up shop... The most important real-world address in all of crypto may very well be 1155 F Street in...
Elon Musk and Sam Altman in 2015.
A Trio of Trillion Dollar IPOs
By Katie Roof · May 21, 2026 5:17pm PDT · 4 comments
Elon Musk and Sam Altman in 2015.
Dealmaker

A Trio of Trillion Dollar IPOs

By Katie Roof · May 21, 2026 5:17pm PDT · 4 comments
On Wednesday, right before SpaceX dropped its long-awaited S-1, the company led by Musk adversary Sam Altman had some IPO news of its own: OpenAI was planning to file its IPO prospectus within weeks. The news not only took some of the spotlight away from SpaceX’s upcoming public debut, but also that of Altman’s other rival, Anthropic. ... On Wednesday, right before SpaceX dropped its long-awaited S-1, the company led by Musk adversary...
SpaceX's new Starship V3 rocket docked on May 21 in South Padre Island, Texas. Ronaldo Schemidt/AFP/Getty.
The Briefing

Why SpaceX is Worth $700 Billion, Not $1.75 Trillion

By Martin Peers · May 21, 2026 5:01pm PDT · 9 comments
If SpaceX pulls off what is widely described in the news media as the “largest IPO in history” next month, it will be a testament to Elon Musk’s skills as a salesman. The company’s newly public IPO prospectus makes it plain that SpaceX is largely a telecom firm with a rocket launch business on the side, with future growth coming from a cloud... If SpaceX pulls off what is widely described in the news media as the “largest IPO in history”...
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Deep Research

Venture Capital Reshuffle Looms As IPO Drought Ends

By The Information Staff · May 21, 2026 12:44pm PDT
A potential cluster of mega-listings by SpaceX, OpenAI and Anthropic this year could cement the dominance of venture firms that managed to get into the most important private companies of the last decade. For years, venture investing has been defined by a lack of cash returns. Startups stayed private longer, initial public offerings slowed, and... A potential cluster of mega-listings by SpaceX, OpenAI and Anthropic this year could cement the...
Art by Mike Sullivan
AI Agenda

Cursor Sees Opening as GitHub Flounders

By Rocket Drew · May 21, 2026 7:10am PDT · 1 comment
Microsoft's GitHub unit has been on the defensive lately. Amid a series of outages and other snags, Jay Parikh, who oversees the software-project management platform, recently warned deputies that coding tools from Cursor and Anthropic could eventually make GitHub obsolete, my colleague Aaron wrote this week.Parikh was right to be worried.... Microsoft's GitHub unit has been on the defensive lately. Amid a series of outages and other...
Photo by Ethan Swope/Getty Images.
The 7 Biggest Reveals in SpaceX’s IPO Filing
By Cory Weinberg and Theo Wayt · May 20, 2026 3:38pm PDT · 1 comment
Photo by Ethan Swope/Getty Images.

The 7 Biggest Reveals in SpaceX’s IPO Filing

By Cory Weinberg and Theo Wayt · May 20, 2026 3:38pm PDT · 1 comment
SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely partnership with Anthropic that are representative of the overall IPO story for Elon Musk’s company: Enormous potential, with risks everywhere. The company said Anthropic agreed to pay SpaceX $1.25 billion per month to rent capacity from both of its... SpaceX’s long-awaited public offering paperwork revealed fresh details about its unlikely...
Photo of Donald Trump via Getty Images. Art by Mike Sullivan
Exclusive

White House Briefs AI Companies on Plan to Review Models Before Release

By Leo Schwartz and Stephanie Palazzolo · May 20, 2026 12:06pm PDT · 2 comments
The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies including OpenAI, Anthropic and Reflection AI on a planned executive order on AI that will empower intelligence and other government agencies to review advanced models before the models are released, according to people familiar with the matter. ... The White House’s Office of the National Cyber Director hosted a briefing Tuesday for companies...
Art by Mike Sullivan.
The Information Finance

Fintech Lenders are Still Learning the Hard Way

By Ann Gehan · May 20, 2026 9:41am PDT
The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers, is a good reminder that lending is one of the toughest ways to make money in fintech. Parker had been among the dwindling number of standalone, tech-heavy lenders geared toward small businesses that first sprung up during the fintech funding... The recent bankruptcy of Parker, a corporate card startup that catered to e-commerce customers,...
The Information Finance Newsletter
Context and explanation for the biggest investments in the industry, with a particular focus on the funding of artificial intelligence.
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Exclusive

SpaceX IPO Could Return More Than $60 Billion Each for Founders Fund, Valor

By Katie Roof · May 19, 2026 10:59am PDT
SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the largest venture returns ever at the time of the IPO. Among those set to win big are Founders Fund, Valor Equity Partners and Sequoia Capital. Valor Equity Partners, whose founder Antonio Gracias is on the SpaceX board and has backed several of Musk’... SpaceX’s initial public offering, expected to be the largest in history, is also set to yield the...
Art by Mike Sullivan
Is the Gap Widening Between Anthropic and Open-Source Models?
By Stephanie Palazzolo · May 19, 2026 7:00am PDT · 1 comment
Art by Mike Sullivan
AI Agenda

Is the Gap Widening Between Anthropic and Open-Source Models?

By Stephanie Palazzolo · May 19, 2026 7:00am PDT · 1 comment
Some developers have told me that the rising costs of frontier AI models from Anthropic and other firms could prompt them to shift to cheaper open-source AI. After all, when companies as sophisticated as Uber are accidentally blowing through their entire year’s AI budget in a matter of months, it makes sense to cut back by using a less capable... Some developers have told me that the rising costs of frontier AI models from Anthropic and other...
The ‘Price is Right’ for GPUs: The Startup Turning Nvidia Chips Into ‘Boring’ Bankable Assets
AI Infrastructure

The ‘Price is Right’ for GPUs: The Startup Turning Nvidia Chips Into ‘Boring’ Bankable Assets

By Anissa Gardizy · May 18, 2026 10:18am PDT · 1 comment
Good morning, Anissa here!The AI boom requires an enormous amount of new power plants, chips and data centers. But it also requires something that’s less visible: new financial plumbing that makes it possible to lend against this costly hardware.Miami fintech startup Barkr is one of the firms building the pipes, specifically for valuing AI chips... Good morning, Anissa here!The AI boom requires an enormous amount of new power plants, chips and...
Krishna Rangasayee. Photo By Shauna Clinton/ Getty Images
AI Agenda

Edge Inference Chip Startup SiMa.ai Raising at $1.4 Billion Valuation

By Stephanie Palazzolo and Anissa Gardizy · May 18, 2026 7:00am PDT
Nvidia might be on a tear, but some investors are still convinced that there’s demand for another kind of specialized chips. And they’re putting their money where their mouth is. For example: San Jose, Calif.-based SiMa.ai, which develops chips that work on devices such as drones or cameras, is in talks with investors to raise more than... Nvidia might be on a tear, but some investors are still convinced that there’s demand for another...
Art via Mike Sullivan
Exclusive

Microsoft Executives Sound the Alarm Over GitHub’s Eroding AI Lead

By Aaron Holmes · May 18, 2026 6:00am PDT
No part of Microsoft better illustrates its predicament in AI than GitHub. The AI boom has boosted usage and revenue of the code repository as well as GitHub Copilot, an AI coding assistant. But GitHub has struggled to respond to new AI coding competitors that have since overtaken it. And the service has suffered from frequent and major outages,... No part of Microsoft better illustrates its predicament in AI than GitHub. The AI boom has...
Art: Mike Sullivan
San Francisco’s Robo-Fight Club, General Catalyst’s Divisive Virality
By Julia Hornstein and Abram Brown · May 16, 2026 8:00am PDT
Art: Mike Sullivan
The Weekend

San Francisco’s Robo-Fight Club, General Catalyst’s Divisive Virality

By Julia Hornstein and Abram Brown · May 16, 2026 8:00am PDT
Welcome, Weekenders! In this newsletter:• The Big Read: Why Trump officials and VCs love a nuclear power startup’s brute-force approach• Biotech: The case of the disappearing embryo startups • Plus, Recommendations—our weekly pop culture picks: “Are We Doomed?” “Steve Jobs in Exile” and “Lord of the Flies” The legal slugfest between Elon... Welcome, Weekenders! In this newsletter:• The Big Read: Why Trump officials and VCs love a...
Art by Clark Miller; YouTube
The Big Read

Why Trump Officials and VCs Love This Nuclear Power Startup’s Brute-Force Approach

By Jemima McEvoy · May 15, 2026 6:00am PDT · 7 comments
On a cloudy day in late March, Isaiah Taylor, the 27-year-old founder and chief executive of Valar Atomics, a Hawthorne, Calif.–based nuclear energy startup, led me into a large black tent at the Utah San Rafael Energy Lab in the middle of the Utah desert. Dozens of construction workers and beeping forklifts buzzed around the nearly... On a cloudy day in late March, Isaiah Taylor, the 27-year-old founder and chief executive of...