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- Ellison says SBF instructed her to invest with customer funds, Shift files for bankruptcy
Ellison says SBF instructed her to invest with customer funds, Shift files for bankruptcy
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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