WORKWEEK

3 BIG STORIES 1. LinkSquare Secures The Bag LinkSquares is one of the fastest growing legal technology companies. Last week, they announced a $100M Series C funding round at an $800M valuation.  So, what do they do? Contract management. LinkSquares enables companies to draft, review, and approve contracts at lightning speed — then uses AI to collect insights from contracts.…

3 BIG STORIES 1. Elon Musk & Twitter Unless you’re living under a rock, you probably know Elon Musk acquired a 9.3% stake in Twitter – making him the bird app’s largest individual shareholder. Twitter stock skyrocketed over 20% on the news.  Twitter CEO Parag Agrawal also announced that Musk would receive a seat on Twitter’s board. …

3 BIG STORIES 1. A Fast Collapse This past week, The Information released multiple pieces on Fast, the one-click checkout company, with some wild details.  The first piece reported that the company is looking to raise another $100M @ a $450M valuation vs. the $500M valuation at its last $102M raise (led by Stripe). They’re also telling new investors that they’re…

3 BIG STORIES 1. A Falling Star Starry, a company looking to disrupt the broadband industry, announced the completion of a $1.76B SPAC deal with FirstMark Horizon Acquisition Corp. with proceeds of $176M. The company wants to create an over-the-air internet system (vs. fiber/underground) to give strong internet to the masses. Starry also raised $400M from KKR, FirstMark,…

3 BIG STORIES 1. MetaMask? More like MetaMess. ConsenSys, the parent company of leading ETH wallet MetaMask (30M MAUs), raised a $450M Series D at a $7B valuation.  This raise was announced in the middle of a massive lawsuit between ConsenSys AG shareholders and management. The shareholders claim that CEO Joseph Lubin moved assets from ConsenSys AG into a new…

3 BIG STORIES 1. Apes in the Metaverse Yuga Labs, the company behind the Bored Ape NFTs, announced a $450M funding round at a $4B valuation led by Andreesen Horowitz.  Along with the raise, Yuga Labs announced the launch of Otherside. The Otherside is a metaverse project where NFT enthusiasts and owners can connect with others in a MMORPG…