Thursday, August 31, 2023

Investor letter: Reid Hoffman won't be a GP for Greylock's next $1B fund, down from its $1.5B funds in 2020 and 2021; Hoffman made one deal in its 16th fund (Berber Jin/Wall Street Journal)

Berber Jin / Wall Street Journal:
Investor letter: Reid Hoffman won't be a GP for Greylock's next $1B fund, down from its $1.5B funds in 2020 and 2021; Hoffman made one deal in its 16th fund  —  Co-founder of LinkedIn is one of Silicon Valley's most influential AI enthusiasts  —  Reid Hoffman, one of Silicon Valley's …



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Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each; SoftBank has already invested $30B (Bloomberg)

Bloomberg : Sources: SoftBank invites more banks to join its $40B loan backing its OpenAI investment, requiring them to commit ~$5B each;...