Caroline Ellison testified that SBF instructed her to use FTX customer deposits to finance venture investments and loan repayments by Alameda Research - Link
Shift, an SF-based online used car marketplace that went public via SPAC in 2020, has filed for bankruptcy and will wind down operations - Link
The Information sources: Lambda Labs, a startup that rents out servers with Nvidia GPUs to AI developers, is in advanced talks to raise ~$300M from Thomas Tull’s fund and others - Link
CA Governor Gavin Newsom signed into law a bill that would require any VC firm with a portfolio company based in California to report annual metrics on founder diversity starting in 2025 - Link
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Zach Coelius joins Jason to discuss the phases of early-stage startups (2:01), break down the state of VC (13:17), answer live questions from the audience (22:36), and much more! - Link
The Information sources: Tesla is building a bunker-like structure that will house part of its Dojo supercomputer to run its self-driving software; eventually, sources note Dojo could be used to sell cloud services to other companies - Link
kennek, a London-based startup building SaaS tools for open banking, open finance, and payments infrastructure, raised a $12.5M Seed round led by HV Capital - Link
Saronic, an ATX-based defense startup building autonomous ships, raised a $55M Series A led by Caffeinated Capital - Link
The state of Utah sued TikTok, accusing it of harming kids with powerful algorithms and manipulative UI that mimics slot machines - Link
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