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Search resuls for: "Insider's Melia Russell"


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In today's big story, we're looking at how the startup landscape is drastically changing thanks to the entrance of private-equity firms and the rise of acquihires . Private equity is filling the gap left by a frozen IPO market and corporates unwilling or unable to cut deals, writes Business Insider's Melia Russell. Perhaps most importantly, a PE deal means equity holders get cash immediately, unlike an IPO that has some holding periods. Acquihires where the brains behind buzzy AI startups sell themselves (instead of the entire company) to bigger players are in vogue, writes BI's Ben Bergman and Sri Muppidi. Depreciation costs to massive GPU chip investments pose a huge risk for AI companies .
Persons: , You've, Alyssa Powell, Insider's Melia Russell, shivers, Samantha Lee, BI's Ben Bergman, Sri, acquihires, they'll, VCs, it's, Taylor Swift, Tyler Le, Fisker, Zuck, Elon Musk's, Mark Zuckerberg, Jenny Chang, Rodriguez, Biden, Donald Trump, Elon Musk, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Amanda Yen Organizations: Service, Business, SV Getty, Tech, guardrails, Character.AI, Getty, UBS, Mega, Revenue Locations: Europe, New York, London
In today's big story, a Business Insider reporter gives her unique perspective on navigating life as a startup founder's wife. The big storyA founder's other backerJosh Cochran for InsiderThe startup world is not for the faint of heart. Melia's account of her relationship with Kyle and his startup is equal parts entertaining, heartwrenching, and informative. AdvertisementJosh Cochran for InsiderAs if being a founder spouse wasn't difficult enough, Melia has the bonus of covering the space as a reporter. And while that's true of any relationship, it's especially pertinent in the volatile startup ecosystem.
Persons: , Josh Cochran, it's, Insider's Melia Russell, Kyle, Melia, takeaways Melia, Lennihan, Alexander Spatari, Pete Weir, Weir, — it's, HENRY, Steve Irwin, Satya Nadella, Bolton Clarke, Dan DeFrancesco, Naga Siu, Hallam Bullock, Lisa Ryan Organizations: Service, Brandon Bell, Getty, Associated Press, Apple, Google, US, York City, Discovery Education, Australia, Microsoft, Cisco Locations: Brandon, York, New York City, San Diego, London, New York
Insight Partners and TCV are reportedly scaling back the size of huge venture funds they planned. The amount of money VC firms raised themselves hit $170.8 billion in 2022, according to PitchBook data, up from $158.5 billion in 2021. And it's also evident in two gigantic firms that had lofty fundraising goals but are now scaling back: Insight Partners and TCV. The firm has raised about 50% to 75% less for a $5.5 billion fund it planned for last year, The Information reported. Last month, Mayfield Fund announced that it raised $955 million across two new venture funds.
Persons: VCs, , it's, they're, whittle, It's, Insider's Melia Russell, Brian, Lisa Sugar, Turner Novak, Monique Woodward, Navin Chaddha, who's, Chaddha Organizations: Insight Partners, Morning, Insight, Bloomberg, Financial Times, Tiger, Tiger Global, Street, Sugar, Banana, Cake Ventures, Mayfield Fund Locations: Mayfield, Silicon Valley
Construction-tech startup Suppli has raised $3.1 million in seed funding led by Equal Ventures. But his new startup, Suppli, is also at the forefront of a hot investment trend this year. Suppli, which makes credit-management tools for companies that sell and procure construction materials, has raised a $3.1 million seed round led by Equal Ventures. Having that customer list turned out to be critical a year later as they raised their seed round, Ayers said, given the shift to caution among investors. That's the same opportunity Skafidas and Ayers saw when they decided to take the plunge into entrepreneurship.
Elon Musk gave the "All-In" podcast a gently self-deprecating review of his tenure at Twitter. But he quipped that it would be "pretty embarrassing and sad" if the moves tanked the site. "In the beginning, we'll make, obviously, a lot more mistakes, because I'm new to — Hey, I just got here, man," he said on the "All-In" podcast show posted on Saturday. Musk also defended a new "views" feature that Twitter unveiled this month to show how many people saw a particular tweet, which many users criticized for cluttering the interface. And obviously, if I make a bunch of mistakes, then Twitter won't succeed, and that will be pretty embarrassing and sad."
79% of CEOs surveyed at a Yale summit believe Elon Musk has become a detriment to the value of his companies. A new poll of CEOs by Yale School of Management showed that 79% of the 100 executives that were surveyed believe Musk has become a "detriment" to the value of his companies. A screenshot from Yale School of Management's 2022 survey of 100 CEOs, asking whether Elon Musk has become "a detriment" to the value of his companies. Yale School of ManagementThe survey was conducted at the invitation-only Yale CEO Summit held last week. Though, shares of the EV company appeared to respond positively to the possibility of Musk stepping down as CEO of Twitter on Monday.
(Hint: it's not on Wall Street.) Meanwhile, the largest deal of the year — Microsoft's $68.7 billion bid for Activision — might not even happen, thanks to regulators. But credit unions and community banks aren't happy with the new terms, The Wall Street Journal reports. Big tech nabs from Wall Street. Company culture on Wall Street: not great!
Tech CEOs all made the same dumb mistake, and it's cost thousands of jobs. In his first remarks to Twitter employees, Musk said that the service's success is far from guaranteed and that bankruptcy is an option. Meta insiders say they have little to no visibility into who, exactly, got let go in the culling of 11,000 jobs. Shopping on social media is the wave of the future; just ask Elon Musk. Keep updated with the latest tech news throughout your day by checking out The Refresh from Insider, a dynamic audio news brief from the Insider newsroom.
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