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FDIC says SVB customers with deposits above $250K will get "an advance dividend within the next week"; many SVB clients need to meet their payroll on March 15 (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: FDIC says SVB customers with deposits above $250K will get “an advance dividend within the…

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Nextracker, which sells solar trackers and licenses energy management software to solar project developers, raised $638M in its Nasdaq IPO at a $3.4B+ valuation (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Nextracker, which sells solar trackers and licenses energy management software to solar project developers, raised…

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LeafLink, whose e-commerce marketplace connects 3,700+ cannabis brands with 8,400+ cannabis retailers, raised a $100M Series D co-led by CPMG, L2, and Nosara (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: LeafLink, whose e-commerce marketplace connects 3,700+ cannabis brands with 8,400+ cannabis retailers, raised a $100M…

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Sources: some Twitter investors were told Elon Musk would step down after three to six months and are divided on his decisions; a new CEO would report to Musk (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Sources: some Twitter investors were told Elon Musk would step down after three to six…

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Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds, to zero dollars, saying it "ran a rigorous diligence process" (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Sequoia tells investors it is marking down its FTX investment, totaling $213.5M across two funds,…

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Instacart is pulling its plans to go public in 2022; the company confidentially filed for an IPO earlier this year (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Instacart is pulling its plans to go public in 2022; the company confidentially filed for…

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Technology

Source: Tiger Global seeks to raise $6B for its next fund that invests in privately held tech companies, less than half of what it raised for its prior fund (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Source: Tiger Global seeks to raise $6B for its next fund that invests in privately…

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Sources: Google Ventures has shelved its algorithm that for years had served as a gatekeeper for new investments (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Sources: Google Ventures has shelved its algorithm that for years had served as a gatekeeper…

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Source: a holding company created by merging PrismHR and Vensure acquires HR startup Namely, which raised $200M+ from Sequoia and others (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Source: a holding company created by merging PrismHR and Vensure acquires HR startup Namely, which…

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Filing: Twitter says Elon Musk's counterclaims "are factually inaccurate, legally insufficient, and commercially irrelevant" and don't justify ending the deal (Dan Primack/Axios)

[ad_1] Dan Primack / Axios: Filing: Twitter says Elon Musk’s counterclaims “are factually inaccurate, legally insufficient, and commercially irrelevant” and…

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