Dealmaker: Lacework’s fire sale is a black mark on Sutter Hill’s track record and another loss for the crossover firms that piled into tech startups at high valuations during the zero interest rate period.

theinformation.com/articles/lacew…

From Kate Clark.

Mark Zuckerberg announces on Instagram that two small Llama 3 open-source models were released today, confirming my scoop from last week: theinformation.com/articles/meta-…

M&A SCOOP: Cyber startup Lacework, once valued at $8.3B, in talks to sell itself to privately held Wiz for as little as $150M.

Kind of a wild example of M&A to come in the cybersecurity startup world, an area that VCs poured money into in recent years

theinformation.com/articles/10-bi…

New: Coatue is joining Rippling's board as an obsever as part of its bid to lead a new round that values the company at $13.5 billion.

theinformation.com/briefings/coat…

Fintech Bounce: Khosla Ventures and Founders Fund plan to invest in corporate card startup Ramp at a valuation 36% higher than last year's.

theinformation.com/articles/ramps…

From natasha mascarenhas and Kate Clark.

Another $150M for Ramp, at a $7.65B valuation - up 36% from the D

This will be the 4th round led by Keith who led the seed, A, C as well, now across 2 funds.

As the article mentions a bunch of fintech companies that did down rounds are now doing up rounds 🚀

Scoop: Khosla Ventures & Founders Fund are leading a new round in Ramp, valuing the fintech at $7.65 billion (up 36% from last summer's down round). theinformation.com/articles/ramps… w/ natasha mascarenhas

Austen Allred, founder of BloomTech (formerly Lamba School), a coding bootcamp that offered 'income share' on future salaries in lieu of tuition is banned from student lending for 10 years and BloomTech must let students currently under contract withdraw. consumerfinance.gov/about-us/newsr…

Scoop: Mistral, the OpenAI competitor founded just last year, is in talks to raise another round at a valuation of $5 billion. theinformation.com/articles/mistr…

My latest: Earlier this year, Bolt, the $11B checkout startup, offered to buy back shares from investors at a 97% discount. Now an investor lawsuit alleges that Bolt's ex-CEO Ryan Breslow masterminded the lowball offer to maintain his hold on the startup.
theinformation.com/articles/bolt-…

Source: Mistral is in talks with investors about raising several hundred million dollars at a $5B valuation, after raising $415M at a $2B valuation in Dec. 2023 (@kateclarktweets / The Information)

theinformation.com/articles/mistr…
techmeme.com/240416/p34#a24…

.Kaya Yurieff promoted to team leader at The Information, overseeing creator economy coverage: talkingbiznews.com/media-news/the…

It was a monster week for The Information & our finance coverage 🧌 👹 👻

1) Kate Clark, Jessica Lessin & I hosted 200 finance and tech leaders at NYSE for our first-daylong Private Capital Conference.

Animal spirits were high:
theinformation.com/articles/highl…

🚨HOT🚨GLOBAL🚨EXCLUSIVE🚨

TikTok owner ByteDance misled the Central Bank of Ireland after HSBC shut down the Chinese company's bank accounts after a money laundering probe
theinformation.com/articles/how-b…

Great day yesterday at our first ever #PrivateCapConf - congratulations, Kate Clark Cory Weinberg !

I asked Cristóbal Valenzuela about OpenAI’s rival product, if he’s strategic’d out, and growth these days in the talent (and revenue) context!

Highlights from our #PrivateCapConf theinformation.com/articles/highl…

Shout out to my colleagues who did an amazing job at today’s #PrivateCapConf
🤩 The Information Kate Clark Cory Weinberg natasha mascarenhas

God I feel private today!

Congrats on a great conference! Tight informative little fluff. Cory Weinberg Kate Clark Jessica Lessin The Information #privatecapconf

Read Abubakar’s takeaways from our #PrivateCapConf today in Dealmaker, which will land in your inbox 2x per week starting today! theinformation.com/articles/gener…