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The Latest Breaking News from Andreessen Horowitz

The Forced Sale of TikTok Is Crony Capitalist at the Core

Forcing the sale of a social media company for political reasons was always going to be a power grab for the White House—whether its occupant was Democratic or Republican.

Reason

ElevenLabs CEO Mati Staniszewski Reveals Why He Interviews Every Hire Even As Startup Passes $200 Million Revenue And $6.6 Billion Valuation

Mati Staniszewski still personally interviews every hire alongside his co-founder, Piotr Dąbkowski, even as ElevenLabs scales up to 400 employees, he said on the “20VC with Harry Stebbings” podcast published Sept. 7. This hands-on approach, according to Staniszewski, has helped the company outperform tech giants like OpenAI in voice AI…

Benzinga

OpenAI’s president and Andreessen Horowitz are helping lead a $100 million Silicon Valley push against tougher AI laws and the lawmakers behind them

The organization will support politicians who are friendly to AI “innovation.”

Fortune

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read the most diverse news in one place.

AI-powered mining firm backed by Gates and Bezos is now worth $2.96 billion as it takes on Chinese rivals

Marc Andreessen and Reid Hoffman are among the list of billionaire backers rallying behind AI-powered mining prospect KoBold, with the brand now valued at nearly $3 billion.

Fortune

Why did China hack the world’s phone networks?

Salt Typhoon breached dozens of telecoms around the world

The Guardian - US

The riddle of the BeReal deal

It may not exactly be the venture exit of, say, investor Andreessen Horowitz’s dreams. But keep in mind that BeReal’s peak valuation in 2022 was $600 million, which makes this…a pretty good outcome.

Fortune

Tech venture capital titan Andreessen Horowitz raises $7.2 billion

More than half of the money spread across five funds is dedicated to a "growth" strategy for late-stage startups, possibly bringing new life to a moribund trend of young companies being bought or going public with offerings of stock.

Latin Times

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Tech Venture Capital Titan Andreessen Horowitz Raises $7.2 Bn

Silicon Valley venture capital star Andreessen Horowitz said Tuesday it had raised $7.2 billion to invest in startups behind games, apps, artificial intelligence and more.

International Business Times

Paradigm Reportedly In Talks To Raise Up To $850M For Crypto Venture Fund

Paradigm, which invested $278 million into the collapsed FTX, is reportedly in talks to raise up to $850 million for a new crypto fund that could further propel the web3 ecosystem forward.

International Business Times

Bay Area food delivery service wants to go the distance for customers who wait

LOS GATOS, California — Jonathan Friedland wondered why his favorite local bakery, Manresa Bread, wasn’t using food-delivery services such as DoorDash or Uber Eats, especially during a pandemic shutdown that kept customers home.

People

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