In 2012, Joe Lonsdale and his co-founder, Zac Bookman, started OpenGov with a fairly straightforward idea. âWe thought thereâs room for something to really help governments run a lot better,â said Lonsdale, whoâs also a venture capitalist and a Palantir co-founder. Since then, theyâve found plenty of room in that market of selling software to local municipalitiesâenough to fetch a 10-figure valuation: Days ago, OpenGov sold itself for $1.8 billion... Read more âș
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Welcome, Weekenders! In this newsletter:A new VC starâs unordinary approachOur finest AI tips to improve your lifeHow to best appreciate the new âDuneâ moviePlus: What Socrates and Satya Nadella have in common; a vengeful billionaire and a murderous enigma; and a top-notch âJob.âA couple days ago, something unusual caught my attention: an eye-catching software buyout! We used to have those all the time. Not so much anymore. Still, even a... Read more âș
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What makes Microsoftâs Satya Nadella such a strong CEO? Should we all talk like spies? And why did bestselling author Charles Duhigg struggle for a time as a New York Times journalist? It was all a matter of communicationâwell, miscommunication, in Duhiggâs case. âI was fine at, like, the strategy and logistics and was not so great at the communication part, which totally caught me off guard,â said Duhigg, whom... Read more âș
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One of the finest uses of artificial intelligence is to efficiently summarize an immense amount of information. But why let the bots have all the funâor do all the work? In that spirit, weâve taken our anecdote-rich insidersâ guide to AI from last week and condensed it to the practical tips that impressed or surprised us the most. Read more âș
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Mark Zuckerberg may be few peopleâs conception of the ideal CEO. Some might balk at his strategic thinking, particularly around burning tens of billions on far-off metaverse technology, or might complain about Meta Platformsâ lack of fiscal discipline before its business slowed in 2022. Others might cite Metaâs ineffectual response to complaints about its platform broadcasting misinformation and content dangerous to kids. Even so, as a spokesperson for his company,... Read more âș
1
This week, the gang of More of Less had a lot to chat about. The Morins gave us the download from what they called the "most premier VC conference" around. The event was surely a sign that the venture capital industry is not dead (or at least doesn't believe it is dead). We also couldn't refrain from armchair CEO-ing Alphabet's latest PR crisis. Plus, the secret Apple training track that... Read more âș
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The Clay Theatre, a Pacific Heights landmark constructed shortly after the 1908 earthquake, has stood empty for four years on a busy stretch of Fillmore Street, the exterior poster frames as vacant as the adjacent ticket booth. Given the venueâs storied past and the areaâs tony reputation as a place filled with Gettys and Haases, the neighborhood has long expected someone would show up to salvage the Clay. That someone... Read more âș
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Redditâs initial public offering prospectus, published last week, has reignited chatter that IPOs could pick up this year. According to The Informationâs Tech IPO Tracker, at least 16 tech companies could make public debuts in the next 10 months. In another sign of increased activity, artificial intelligence hardware startup Astera Labs released an IPO prospectus in the days before Reddit released its own. Lise Buyer, founder of IPO advisory firm... Read more âș
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Late last year, in a meeting between Google and Meta Platform staffers, Google suggested that Meta partner on Android XR, the new software platform Google is developing for virtual reality, augmented reality and mixed-reality headsets, according to a person involved in the talks. The two companies had long been in regular contact over Metaâs Quest VR headsets. The devices run on an open-source version of Googleâs Android operating system, modified... Read more âș
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Venture capital leaders flew to Los Angeles this week for the annual Upfront Summit, a two-day conference featuring investors, founders and a smattering of celebrities like Lady Gaga. The energy was high and the references to the painful VC correction that pummeled valuations and knocked out VC firms were rare. The downtown is over, apparently!The cast of characters that hit the stage ran the gamut from venture capitalists prognosticating on... Read more âș
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My writing and reporting workload over the last few days has gotten pretty heavy, so Iâve regularly been grabbing Celsius energy drinks. The sleek cans have become ubiquitous in grocery and convenience stores. Celsius drinks, which taste better than Red Bull, contain a crazy caffeine jolt and have no added sugars. Theyâre favored by TikTokers, fitness buffs and finance bros alike.The South Floridaâbased maker of the drink, Celsius Holdings, has... Read more âș
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TikTokâs standoff with Universal Music Group is the latest example of how the app has changed from its roots as a lip-syncing platform toward one more focused on shopping.To recap: Late last month, TikTok and Universal Music Group, one of the biggest record labels in the world, failed to reach an agreement to let TikTok license UMG songs for use on its platform. TikTok removed UMGâs catalog, which includes Taylor... Read more âș
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âPromoting or encouraging harmful or illegal activities is not acceptable,â Meta AI, an artificial intelligence assistant, told me the other day. âIt's important to respect the safety and well-being of individuals and property.âI had asked the assistant, which is embedded in Meta Platformsâ apps and Ray-Ban smart glasses, how to kill the engine of a carâa question that most people would understand as how to shut off a car. But... Read more âș
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Nextdoor once looked like the next great bet for Bill Gurley, the prominent Benchmark venture capitalist known for early investments in Uber, Zillow and Stitch Fix. Now the neighborhood social network is looking like a missed opportunity for him. Gurley urged Nextdoor co-founder Nirav Tolia not to sell the startup in 2018, when it was valued at $1.5 billion, according to people close to Tolia and Nextdoor. Google was among... Read more âș
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A new, ultracheap battery, a $233,000 electric supercar and a big five-year deal for iron-based batteries all deliver a single, pointed messageâa fresh threat to Western auto and battery manufacturers already struggling to compete with their Chinese rivals. Read more âș
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We live in a consumer-driven economyâconsumer spending accounts for two-thirds of the U.S. GDP. Â Yet Carta recently reported that just 7% of seed capital raised on the site last year went to consumer companies, the smallest share since 2018. Andreessen Horowitz meaningfully cut its consumer investing team and folded it under its finance investing lead partner. Lerer Hippeau, another venture firm once focused on consumer companies, is investing more in... Read more âș
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On February 28, 2024, The Information published an article âApollo Names Partner to Lead Its $100 Billion Climate Push.â The article did not meet The Informationâs editorial standards and has been retracted. Any links to it have been disabled. Read more âș
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Big news tonight in the enterprise software sectorâand weâre not talking about Salesforce introducing a dividend (although thatâs notable). No, the real headline is an AI-inspired changing of the guard at Snowflake, until recently a fast-growing enterprise software hotshot whose 2020 IPO turned into a blockbuster. Snowflake CEO Frank Slootman is retiring, to be succeeded by Sridhar Ramaswamy, a former longtime Google executive who joined Snowflake last year through the... Read more âș
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TikTokâs rise has put the spotlight on short, snackable content, but Iâm hearing more and more buzz about how long-form is making a comeback. For some, it never left. Ben Gilbert and David Rosenthal, friends and former colleagues at venture capital firm Madrona, started their podcast âAcquiredâ in 2015, before it was common for investors to host podcasts and moonlight as creators. The duo has expanded their episodes from 30... Read more âș
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TikTok once depended on the music industry to provide the soundtrack for its viral lip-syncing and dancing videos. But TikTokâs leaders have decided the app just doesnât need those relationships the way it once did. Multiple times over the past two years, TikTok executives told employees handling music on the platform that one of the appâs record label deals was within weeks of expiring, according to four people employed by... Read more âș
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31.03.2026 09:41
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