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918 Plaid’s Valuation Haircut, CoreWeave’s Good Timing

The Information
Cory Weinberg @ The Information · 03/04/2025 18:32 EDT

Two very different startups, Plaid and CoreWeave, have been preening themselves in recent weeks to raise money. Their diverging fortunes show how timing, luck and fast-changing tech trends can create and destroy value quickly. Plaid is a victim of circumstance. The fintech startup is working on a secondary share sale, led by mutual fund Franklin Templeton, at a valuation of $5.5 billion or $6 billion, I’ve learned. That’s less than half the $13.4 billion valuation it notched at the height of the zero-intere

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