Hi, [NAME]. Reddit, the 18-year-old social content sharing platform, is slated to go public this week in an IPO that could be valued as high as $6.4 billion. Ahead of the offering — which would break a long drought in major tech IPOs — we look at who the big investors in Reddit are and what the IPO could mean for other startups waiting in the wings to go public. Plus, AI funding may be hot, but M&A dealmaking in the sector is not.
Almost a third of Reddit is owned by one company. Who else has a stake in the San Francisco-based startup, which is the last of its peers from the Web 2.0 era to finally head to the public markets? We break down its ownership and financials ahead of this week’s expected IPO.
While venture funding to artificial intelligence startups topped $50 billion in 2023 and continues to flow this year, M&A deals for companies in the space have been relatively slow, Crunchbase data shows.
Related Crunchbase Pro query: Global Venture-Backed Artificial Intelligence M&A
Last week was another strong one for large funding rounds to U.S.-based startups. The top 10 list also included three new unicorns.
See also: The Crunchbase Megadeals Board
Ukraine itself isn’t exactly a huge destination for venture capital investment. But in addition to hosting a lot of early-stage startups, the nation serves as an employment base for a prominent group of Ukrainian-founded unicorns and public tech companies, many of which have continued to draw strong investor interest.
How do successful startup founders scale their companies during the hectic, fast-growth early days between zero and 1,000 employees? To answer that question, Index Ventures tracked more than 200 startups as they grew to their first 1,000 employees. We speak with the firm’s partners about the top insights from that project, which are also released in a new book out this week.
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