It’s summer time — the time when America’s biggest banks and tech companies fill their offices with ambitious college interns. These internships are notoriously competitive to land.
This year has been nuts. The venture-capital world has been throwing around numbers that sound like typos: OpenAI landed a funding round worth $122 billion.
A few weeks ago, Larry Fink released his annual letter to investors. As the CEO of asset-management firm BlackRock, Fink oversees more money than anyone on the planet — $14 trillion.
Lately, it seems like all the headlines are about the “private markets” — Private startups like SpaceX and Anthropic are about to IPO! Oh no – private credit is having a meltdown!
One of my old buddies from business school is a venture capitalist. When I started Crowdability about ten years ago, I asked him what the biggest myth was about early-stage startup investing.
Did you see the news yesterday? Elon Musk announced that SpaceX is acquiring xAI. This deal — the largest M&A transaction in history — brings together rockets, satellites, billions in cash flow from Starlink, and AI.