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The Wall Street Journal reports that Musk borrowed $1 billion from SpaceX in October 2022, the same month he bought Twitter. The loan was backed by some of Musk’s SpaceX stock and Musk drew all of the funds down the same month. According to a filing with the Federal Communications Commission, as of March 2023, […]
In part due to its rebrand, X announces it is auctioning off a large number of Twitter-branded items, including the bird logo that was previously on the outside of the building. Other items for sale include sculptures, booths, chairs, computers, couches, musical equipment and artworks. The auction, hosted by Heritage Global Partners, will start on September […]
Nuralink announces it has raised $280m from Founder’s Fund, a venture capital company established by Peter Thiel. We’re happy to announce our $280M Series D round led by @foundersfund. We’re extremely excited about this next chapter at Neuralink. We’re happy to announce our $280M Series D round led by @foundersfund. We’re extremely excited about this […]
In a video call with bankers who are providing $13 billion in debt financing to his purchase of Twitter, Musk says that he will close the deal on Friday, 28 October. Musk has pledged to provide $46.5 billion in equity and debt financing for the acquisition, which covers the $44 billion price tag plus closing […]
The Alamo Regional Mobility Authority says Elon Musk’s The Boring Company has offered an additional $15 million to finance the San Antonio Loop, increasing its initial offer of $27 million to $45 million to support the first phase of the project. Alamo RMA: That’s a lot of money that’s not coming from taxpayers to improve […]
Nazara Games, London Venture Partners and Supercell’s Hollanda-Grönberg invest in TrulySocial. Nazara CEO Manish Agarwal: We see a perfect fit with TrulySocial’s contemporary social world and are working with them to bring a completely new genre of gaming to India. With TrulySocial we are delighted to have an opportunity to see ourselves along with key international players. […]
The UK government is to create a new £1 billion fund, called The Ross Fund, in partnership with US philanthropists, Bill and Melinda Gates. The fun, named after Sir Ronald Ross, who first found the link between mosquitoes and malaria in 1902, aims to eradicate malaria and other infectious disease. The fund will come from the UK’s overseas aid […]
Foot Cardigan accepts an offer on Shark Tank from Cuban and Carter, who is appearing as a guest shark, to co-invest $250,000 for a 20% ownership stake in their $9-a-month sock subscription service. The company says it earned $1.36 million in the past three years ($900,000 in the past 12 months) and projects $1.5 million for 2015. […]
Crowded House re-releases Help Is Coming, introduced by Cumberbatch, to raise money for refugees fleeing to Europe to escape conflict. The fund-raising video features footage from refugee camps and shows people attempting to travel to a country of sanctuary. Crowded House’s Neil Finn and Capitol Records have agreed to donate all the royalties to Save […]
Sweetgreen receives $35 million in additional investments from T. Rowe Price and Revolution Growth bringing the company’s total funding to $95 million. The investment will be used for technology, building its supply chain and building the sweetgreen team, both at the corporate level and hiring employees for new stores. We’re making huge investments in training and […]
Eychaner throws a fundraiser for Clinton in his Chicago home. He states: Everybody working together needs to make Hillary the next president. When asked if he would become a major donor to Priorities USA Action he responds: I assume so. Nobody has approached me about a super-PAC yet. Don’t open up the floodgates, but nobody […]
Gouw and Fonstad raise $150 million for Aspect’s first fund. Gouw: We’re targeting $2 million to $5 million checks, but wanted to be small enough to also be able to work with a bigger platform firm if it’s a $10 million round — and there are a lot more of those now than there used to […]
Carter and Nichols are raising a $50 million fund for Cross Culture Ventures, according to a regulatory filing. The fund will target seed and Series A tech startups.
Sprint and parent SoftBank buy a minority stake in Jay Z’s subscription music service. While the size of the investment couldn’t be learned, sources said the deal values Tidal at around $250 million. At the launch event, Tidal’s chief investment officer, Vania Schlogel, said the service had been working closely with Sprint’s CEO. Sprint is preparing to offer Tidal’s service […]
Revolution Growth invests another $18.5 million into sweetgreen bringing its total to $40.5 million. The words ‘seasonality’ and ‘fast food’ are rarely used together, but at sweetgreen, we believe that the two don’t have to be mutually exclusive — it just takes a commitment to standing behind our food ethos and working with farmers that […]
Altman leads Reddit’s $50 million Series B round with Andreesen Horowitz and Sequoia Capital, as well as individual investors including Leto, Dogg, Kushner, Livingston, Kevin and Julia Hartz, Mariam Naficy, and Reddit CEO Yishan Wong. Valuation is $500 million. Altman: I’m willing to be very patient. I don’t have any particular timeframe in mind. I believe […]
The ice bucket challenge raises over $100 million to date for ALS. During the same period last year, July 29, 2013 to August, 29 2013, the ALS Association raised $2.8 million. In the fiscal year 2014, the organization raised approximately $26.3 million in total, which means the amount raised in several months is quadruple that […]
The investment firm announces a $90 million investment in the enterprise management, that helps IT professionals secure and manage devices. https://twitter.com/pmarca/status/480848821535010817
Future Tense Secure Systems (FTC) acquires an equity stake in QiKfunder.com, which provides funding solutions such as crowdsourcing for social, community, equity and real estate ventures. Qikfunder offers the best security and best approach of any of the crowdfunding outfits. I am always interested in helping and growing new tech start-ups and ideas. Qikfunder’s goal […]
Altman invites the question-and-answer site to be the first late-stage participant: I don’t know if [Quora] will develop a new product that they did not already have in the works as a result of being at Y Combinator…But we think we can help them with certain areas like hiring… And we think they can help […]
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