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Why Andreessen, Lightspeed and Coatue Partners Are Leaving

20 hours ago | theinformation.com | Natasha Mascarenhas

After tech stocks crashed three years ago, the correction in private startup valuations led to a wave of partners leaving their venture firms. Over the past year, a new exodus has emerged as investors depart with plans to set up their own funds. Six early-stage partners from Andreessen Horowitz, Coatue Management, Founders Fund, Lightspeed Venture Partners and Forerunner Ventures have left their firms in the past few months or are in the process of doing so. More are in the works, I hear.
LTK’s Bid for Big League Ad Dollars

1 day ago | theinformation.com | Ann Gehan

I checked out LTK’s splashy event for advertisers in New York this week. The gathering, planned to coincide with upfronts held by big media companies, highlighted the creator marketing startup’s ambitions to command serious ad dollars. LTK, founded in 2011 and last valued at $2 billion, is one of the more established creator marketing companies.
Databricks Confirms $1 Billion Acquisition of Database Startup Neon

2 days ago | theinformation.com | Kevin McLaughlin

Source: The InformationDatabricks confirmed its acquisition of database startup Neon for around $1 billion, pitching it as a way for customers to build AI agents that need speedy and cost-effective access to cloud databases. With the deal, Databricks is betting that agents will become a major part of corporate AI spending budgets in the coming years. It could also give Databricks a leg up on Snowflake, one of its chief rivals, which doesn’t directly offer access to Neon.
Perplexity Adds PayPal Checkouts

2 days ago | theinformation.com | Ann Gehan

Source: The InformationPerplexity is adding PayPal and Venmo checkout buttons in its subscription AI chatbot, the companies said on Wednesday, adding a new way for Perplexity users to pay for goods and services they find using AI tools. Perplexity has already struck a deal with Shopify to add checkouts in Perplexity’s chats for merchants that use Shopify’s e-commerce software.
Anthropic’s Upcoming Models Will Think… And Think Some More

2 days ago | theinformation.com | Stephanie Palazzolo

The race to develop reasoning models that “think” harder is at full force. At Anthropic, which arrived later than OpenAI and Google to the reasoning race, two upcoming models are taking the concept of “thinking” to the extreme. Anthropic has new versions of its two largest models—Claude Sonnet and Claude Opus—set to come out in the upcoming weeks, according to two people who have used them.
Arista Acquires a Networking Unit From Broadcom

2 days ago | theinformation.com | Kevin McLaughlin

Source: The InformationArista Networks is in the process of acquiring VeloCloud, a Broadcom business unit that sells networking software and hardware to customers such as telecommunications service providers, according to a person with direct knowledge of the deal. The acquisition price couldn’t be learned but it is likely less than $1 billion, given the unit was generating about $300 million in annual recurring revenue as of the end of October 2024, this person said.
TikTok Looks to Allow Photos in DMs, Despite Concerns Over Sextortion

2 days ago | theinformation.com | Kaya Yurieff

Source: The InformationTikTok has been working on a new feature that will allow U.S. users aged 16 and over to share photos through direct messages inside the app, The Information reported. Under TikTok’s current policy, users can share TikTok videos as well as send and receive text messages with friends over direct message, but they can’t send photos or videos that weren’t created on TikTok. The company previously highlighted the restriction as a safety feature.
General Atlantic Cash Distributions Fall to Five-Year Low

2 days ago | theinformation.com | Laura Mandaro

Source: The InformationGeneral Atlantic, a New York investment firm that backs mid-stage startups such as artificial intelligence startup Runway, last year distributed $3.9 billion to its limited partners, the lowest amount in five years, and 40% of its target, The Information reported Tuesday. The disclosure underlines how the stalled market for initial public offerings has made it tough for venture investors to return cash to their backers.
TikTok Working on Photo Messaging Feature Despite Employee Concerns Over Sextortion

2 days ago | theinformation.com | Kaya Yurieff

TikTok has been working on a new feature that will allow users in the U.S. to share photos over direct messages inside the app, according to three people with knowledge of the situation. The move could be a way to encourage more people to use direct messaging on TikTok, a feature that hasn’t taken off as it has on Instagram and Snapchat. But the plans have sparked debate inside TikTok.
Studio Behind 'The Walking Dead' Buys Creator Management Firm

2 days ago | theinformation.com | Kaya Yurieff

A big theme I’ve been tracking this year is the growing convergence between Hollywood and the creator economy. In the latest example of that trend, Skybound Entertainment, the Los Angeles studio behind franchises including “The Walking Dead” and comic book and TV series “Invincible,” has acquired Nine Four Entertainment.