The Latest Breaking News from Term Sheet

Lava has raised $10 million in funding led by Khosla and Founders.

The reality TV personality is starting his next act as a tech entrepreneur with backing from Camber Creek and Left Lane Capital.

Behind the rise of the New York tech scene, from DoubleClick to Etsy.

Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report.

Vertical farming startup Oishii has closed its Series B at $150 million, Fortune can exclusively report.

Prediction market Polymarket has become increasingly popular throughout the 2024 U.S. election.

Companies can be run in two ways, “founder mode” and “manager mode,” Y Combinator cofounder Paul Graham wrote, citing a recent talk by Airbnb cofounder Brian Chesky as his inspiration.

Private equity has grown out of its slash and burn reputation and is increasingly being welcomed by all manner of sport investment opportunities.

Soci, a marketing automation platform, has surpassed $100 million in annual recurring revenue, Fortune can exclusively report.

Oprah, Stephen Colbert, Steve Harvey, Bill Gates, and A-Rod all seemed to be fans of Carlos Watson, the cofounder of Ozy Media. Today, there are no celebrities on hand or VC backers writing big checks. And interviews about Watson and Ozy Media are taking place on the witness stand in…

Battery Ventures is rethinking how it evaluates revenue in its industrial tech and life science tools business, and in doing so is proposing a new framework—the firm calls it the “revenue-quality podium.”