Substack announces Notes, Tiger Global starts selling LP positions, Scopely acquired for $4.9B

Substack announced Notes, a new social feed-like feature that allows users to share short-form content - Link

The Information sources: Tiger Global has been working to sell its LP positions in VC funds in the secondary market; in 2022, Tiger Global partners committed at least $80M to VC funds - Link

US LPs have backed China-based firms like Sequoia China, Matrix China, and Qiming VP, which are investing in startups trying to become China’s version of OpenAI - Link

Scopely, a mobile games maker, has been acquired by Saudi Arabia’s Savvy Games Group for $4.9B; Scopely’s roster of games includes “Star Trek Fleet Command,” “Marvel Strike Force,” “Scrabble Go,” and others - Link

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Jason covers Saudi Arabia’s Public Investment Fund disclosing which VC firms it has invested in (2:48), which leads to him pondering the human rights issues and if founders care where their money comes from (18:52). Jason caps off the show by breaking down the SEC’s charges against Frank founder Charlie Javice for allegedly closing a $175M acquisition based on over 4M fake user accounts (30:18). - Link

Mojo Vision raised a $22.4M Series A after pivoting from building micro-contact lens displays into commercial micro-LED technology - Link

Meta plans to commercialize its generative AI technology this year, focusing on enhancing ad effectiveness and simplifying metaverse content creation - Link

Stripe processed ~$817B in transactions in 2022; y/y growth slowed to 26% last year, down from 60% in 2021 - Link

Strivacity, a startup that helps businesses build secure log-in experiences, raised a $20M Series A2 led by SignalFire; the company plans to increase employees from 40 to ~70 over the next 12 months - Link

E1713: Saudi Arabia discloses LP positions & SEC charges Frank founder with fraud

E1712: Trump, Saudi, & Adam Neumann’s obsession with cities + BioFluff CEO Martin Stübler

E1711: Stephen Wolfram on AI’s rapid progress & the “Post-Knowledge Work Era”

E1710: Crypto’s de-platforming and the balkanization of AI with Vinny Lingham

E1709: Startup pitch competition: Jason invests $25K live!

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