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Crunchbase Monthly Recap May 2024: AI Leads Alongside An Uptick In Billion-Dollar Rounds
05 Jun

Crunchbase Monthly Recap May 2024: AI Leads Alongside An Uptick In Billion-Dollar Rounds

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Venture funding rebounded in May to reach $31 billion, the highest monthly tally so far this year. Investment was up over 40% month over month and 29% year over year, with AI leading as the sector that raised the most funding. A spate of billion-dollar fundings contributed to the total, with $11 billion — over a third of capital raised last month — invested in six companies in rounds at $1 billion or more. This was the highest count of billion-dollar fundings in a single month since the venture market slowdown began in 2022. Elon Musk’s xAI raised the largest…
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Billionaire Tesla shareholder Ron Baron says he supports Elon Musk’s $56 billion pay package
05 Jun

Billionaire Tesla shareholder Ron Baron says he supports Elon Musk’s $56 billion pay package

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Tesla shareholder Ron Baron has backed Elon Musk's $56 billion pay package. The investor said that without Musk, there would be "no Tesla" in an open letter. Tesla is battling to win over shareholders and ratify Musk's 2018 compensation plan. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Tesla shareholder Ron Baron has backed Elon Musk's $56…
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Crossing The Series A Chasm
05 Jun

Crossing The Series A Chasm

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As we get deeper into 2024, there is increasing concern about the state of Series A fundraising. The bar for investment appears much higher, and fewer startups are reaching it. This is a problem for founders, and investors like Jenny Fielding, managing partner of Everywhere Ventures, who said, “Every Seed investor’s dilemma: All my Series A buddies want to meet my companies early! All my companies are too early for my Series A buddies.” To attach some data to this, we can see that the median step-up in valuation from seed to Series A has gone from $19.5 million in…
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Why the EU’s Vice President Isn’t Worried About Moon-Landing Conspiracies on YouTube
05 Jun

Why the EU’s Vice President Isn’t Worried About Moon-Landing Conspiracies on YouTube

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When European Union vice president Věra Jourová met with YouTube CEO Neal Mohan in California last week, they fell to talking about the long-running conspiracy theory that the moon landings were fake. YouTube has faced calls from some users and advocacy groups to remove videos that question the historic missions. Like other videos denying accepted science, they have been booted from recommendations and have a Wikipedia link added to direct viewers to debunking context.But as Mohan spoke about those measures, Jourová made something clear: Fighting lunar lunatics or flat-earthers shouldn't be a priority. “If the people want to believe it,…
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Elon Musk, who famously vowed to ‘own no house,’ reportedly considered buying a $200,000 to $400,000 tiny home
05 Jun

Elon Musk, who famously vowed to ‘own no house,’ reportedly considered buying a $200,000 to $400,000 tiny home

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Elon Musk, who famously vowed to "own no house" in 2020 and claimed in 2022 that he was effectively homeless and couch surfing at his friend's properties, reportedly discussed buying a tiny house from one of Tesla's board directors, per Reuters.Joe Gebbia, who cofounded Airbnb and prefabricated housing startup Samara, told Reuters that he stepped down from a special committee set up by Tesla's board to examine the company's possible move out of Delaware because of a "potential business transaction" involving Musk and Samara. Samara sells prefabricated homes that cost from $269,000 to over $414,000.Gebbia said the transaction was "currently…
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Jensen Huang signed a woman’s chest. Yes, you read that right.
05 Jun

Jensen Huang signed a woman’s chest. Yes, you read that right.

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Nvidia CEO Jensen Huang signed autographs, including a woman's top, at a Taiwanese tech event.Huang's popularity has surged alongside Nvidia's soaring stock.This trip to Taiwan cements Huang's rockstar status. Thanks for signing up! Access your favorite topics in a personalized feed while you're on the go. download the app By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy. You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. Jensen Huang is shedding his Ultimate Cool Dad status, becoming — for better or worse — the…
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