Cory Weinberg

Stripe is putting up the kind of numbers that would send its stock soaring, if it had public stock. The payments processing firm doubled its free cash flow last year to about $2.2 billion and grew revenues about 28% to $5.1 billion, according to financial figures obtained by The Information. ...

Three technology companies are preparing to go public with valuations north of $15 billion over the next few weeks. So, cue the balloons on Sand Hill Road, the party at the Rosewood, the juicy bonuses for venture capitalists?Not so fast. The largest shareholder of AI cloud upstart CoreWeave is a ...

Wiz’s $32 billion sale to Google is giving at least one venture capital megafund a case study for why it can pay to double and even triple down on top startups.Insight Partners, the VC and private equity giant that owns 8% of Wiz, wrote to limited partners Tuesday that the transaction turned a ...

Fintech startup Plaid is in talks to arrange a secondary share sale at about a $6 billion valuation, led by mutual fund Franklin Templeton, three people involved in the discussions said. The valuation would be a decline from the $13.4 billion price at which the company last raised money in 2021. The company ended last year with about $400 million annual recurring revenue, up more than 25% from

Two very different startups, Plaid and CoreWeave, have been preening themselves in recent weeks to raise money. Their diverging fortunes show how timing, luck and fast-changing tech trends can create and destroy value quickly.Plaid is a victim of circumstance. The fintech startup is working on a ...

CoreWeave, the Nvidia-backed startup cloud provider that is preparing one of the most anticipated initial public offerings of the year, grew revenue exponentially while pouring cash into capital expenditures last year, two people familiar with the matter said. The company is expected to publish ...

I’m overcaffeinated from a string of meetings in San Francisco this week. I’m asking people how long the venture capital industry can keep pouring money into startups without getting much cash back from initial public offerings or mergers. One manager compared this dynamic to a traffic jam.We’ll ...

New forecasts from OpenAI show the beginning of a dramatic shift in its alliances from Microsoft, its biggest shareholder, to SoftBank, its newest benefactor. The company has told investors in recent weeks that it expects Stargate, the fledgling data center expansion project to be heavily ...

The question “What did Ilya see?” became an oft-repeated meme asking why OpenAI’s chief scientist, Ilya Sutskever, cast a dramatic vote to oust Sam Altman in the short-lived ouster of the CEO 15 months ago.A significant fundraising that would value Sutskever’s new startup, Safe ...

The last time SoftBank CEO Masayoshi Son bet tens of billions of dollars on hot startups, he made snap decisions and took advice from a group of swashbuckling investors known as much for their infighting as for their deals. Today, he’s moving more deliberately and listening to people like Vikas ...