Tiger Global marks down VC investments by 33%, Twitch CEO steps down, SVB files for Ch. 11

WSJ sources: Tiger Global marked down its venture portfolios by 33% in 2022, erasing ~$23B in value - Link

Twitch’s Emmett Shear will step down as CEO after 16 years; his replacement will be current Twitch President Dan Clancy - Link

Meta debuted Meta Verified, a $12-$15/month paid verification program; initial features include a verification badge on Facebook and Instagram, impersonation protection, and direct access to customer support - Link

SVB Financial filed for Ch. 11 bankruptcy, claiming it has ~$2.2B of liquidity, ~$3.3B of funded debt, and ~$3.7B of preferred equity outstanding - Link

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Laurie Yoler joins Molly for a deep dive into her early experiences as a VC before discussing how she became the first investor in Tesla (1:45). They also discuss Laurie's time at Qualcomm and Playground before wrapping with a conversation about AI and how the pandemic impacted her investments (30:31). - Link

YouTube has lifted its ban on former President Donald Trump's channel, which was suspended following the events of January 6th, 2021 - Link

Following the US, UK, and EU, New Zealand has banned TikTok on government devices linked to parliament, starting at the end March - Link

Politico sources: TikTok will pay to send dozens of influencers to DC next week to lobby lawmakers against a forced sale or ban - Link

Bloomberg sources: Coinbase is considering creating a new overseas crypto trading platform for global clients as the US cracks down on crypto - Link

E1701: ANGEL: Laurie Yoler on investing early in Tesla, strategic partnerships, and her VC career

E1700: Banking crisis impact, more Meta cuts, and GPT-4 with Sunny Madra and Vinny Lingham

E1699: Andy Rachleff on SVB, how to evaluate VCs, market pull indicators, Wealthfront, and more

E1698: How ocean farming can solve world hunger with Alora CEO Luke Young

E1697: Silicon Valley Bank collapse recap + Wist CEO on capturing XR memories

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