Arm prices IPO at $51/share, Starlink generated $1.4B in revenue in 2022
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Arm prices IPO at $51/share, Starlink generated $1.4B in revenue in 2022
Arm priced its IPO at $51/share and will raise $4.87B at a fully diluted valuation of $54.5B in what will be 2023’s largest IPO to date - Link
WSJ sources: Starlink generated $1.4B in revenue last year, up more than 6x from $222M in 2021 - Link
Kin Insurance, a Chicago-based home insurtech startup, raised a $33M Series D extension at a valuation north of $1B - Link
VideoAmp, a startup that directly competes with Nielsen by offering tools to measure audience and ads, raised a $150M Series G from Vista Credit Partners at a $1.4B valuation - Link
.Tech Domains has a new program called startups.tech, where you can get your startup featured on This Week in Startups. Go to startups.tech/jason to find out how!
Zeke Faux, the author of “Number Go Up: Inside Crypto’s Wild Rise and Staggering Fall,” joins Jason to discuss how SBF learned to play the game (3:58), red flags at Tether (26:13), and so much more! - Link
Treasury4, a Spokane, Washington-based startup building data software for financial risk management operations, raised a $20M Series A led by WestCap - Link
Unity has announced a change in its fee structure to match the Unreal Engine, charging based on installs and subscription tier, starting on Jan 1, 2024 - Link
OneCoin Co-Founder Karl Greenwood has been sentenced to 20 years in prison and ordered to pay $300M after pleading guilty to wire fraud and money laundering - Link
Binance.US CEO Brian Shroder has left the company as part of a larger round of layoffs - Link
This Week in Startups
E1807: Inside crypto’s wild rise and fall with “Number Go Up” author Zeke Faux
E1806: Palo Alto Networks CEO Nikesh Arora on cybersecurity in the age of AI
E1805: Building for the circular economy and the future of shopping with Poshmark’s Manish Chandra
E1804: Sequoia’s Reolof Botha on “Crucible Moments” and the state of VC