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Preqin data: in Q4 2022, VC firms raised $20.6B in new funds, down 65% YoY, the lowest Q4 amount since 2013; LPs backed 226 funds, the fewest in Q4 since 2012 (Berber Jin/Wall Street Journal)

[ad_1] Berber Jin / Wall Street Journal: Preqin data: in Q4 2022, VC firms raised $20.6B in new funds, down…

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Technology

Sources: Sequoia apologized to its fund investors for the $150M it lost on FTX and told them it would improve its due diligence process on future investments (Berber Jin/Wall Street Journal)

[ad_1] Berber Jin / Wall Street Journal: Sources: Sequoia apologized to its fund investors for the $150M it lost on…

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Technology

Sources: a16z's flagship crypto fund lost ~40% of its value in H1 2022, above the 10%-20% losses at rival funds; a16z has dramatically slowed crypto investments (Berber Jin/Wall Street Journal)

[ad_1] Berber Jin / Wall Street Journal: Sources: a16z’s flagship crypto fund lost ~40% of its value in H1 2022,…

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Technology

Accel, Lightspeed, Sequoia, a16z, and other firms are increasingly buying public tech stocks, capitalizing on low prices, as the private startup market stalls (Berber Jin/Wall Street Journal)

[ad_1] Berber Jin / Wall Street Journal: Accel, Lightspeed, Sequoia, a16z, and other firms are increasingly buying public tech stocks,…

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Technology

Sources: in Q2 Instacart's revenue rose 39% YoY to $621M, orders increased 25% YoY to 60M+, and order volume rose 21% YoY to $7.1B, as the company plans its IPO (Berber Jin/Wall Street Journal)

[ad_1] Berber Jin / Wall Street Journal: Sources: in Q2 Instacart’s revenue rose 39% YoY to $621M, orders increased 25%…

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