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Exclusive

Trump Family Crypto Deal Runs Aground

By Michael Roddan · Nov 26, 2025 6:00am PST · 5 comments
Eric Trump and Donald Trump Jr. rang the bell at Nasdaq’s New York headquarters in August to celebrate the announcement of a deal that could have netted the family a windfall of hundreds of millions of dollars. The president’s oldest sons were combining their crypto startup, World Liberty Financial, with a publicly traded Canadian company, Alt5... Eric Trump and Donald Trump Jr. rang the bell at Nasdaq’s New York headquarters in August to...
OpenHands cofounders Graham Neubig, Robert Brennan and Xingyao Wang. Photo courtesy of OpenHands.
AI Agenda

Gemini 3 Arrives; Open-Source Coding Agent Raises $19 Million

By · Nov 18, 2025 8:00am PST
Before we get to today’s news about Gemini, we should mention that this morning, Microsoft and Nvidia announced that they’re investing in Anthropic, who will be spending at least $30 billion over an unspecified amount of time to rent servers from Microsoft’s Azure cloud equipped with Nvidia chips.... Before we get to today’s news about Gemini, we should mention that this morning, ...
Elad Gil. Getty Images.
Dealmaker

Elad Gil Doubles Fund Target to Nearly $3 Billion

By · Nov 13, 2025 3:35pm PST
Elad Gil, the venture capitalist who made early investments in Perplexity, Harvey, Stripe and Airbnb, has doubled the target size of his new fund to nearly $3 billion from $1.5 billion earlier this summer, according to a person with direct knowledge of the fundraise. If Gil succeeds in raising that much money, it would be the largest known fund... Elad Gil, the venture capitalist who made early investments in Perplexity, Harvey, Stripe and...
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Dealmaker

Figma's Drunk Elephant in the Room

By Cory Weinberg · Aug 5, 2025 3:48pm PDT · 1 comment
Figma CEO Dylan Field knows people are going to stare at his stock price. “You can’t tell people, ‘Don‘t look at the elephant in the room.’ There’s an elephant in the room — it’s dancing, it’s drunk,” he said in a TV interview the day the company went public last week.But the 33-year-old will have to defy some history if he’s going to get Figma... Figma CEO Dylan Field knows people are going to stare at his stock price. “You can’t tell people,...
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The Briefing

Figma’s Bubble and Apple’s Surprise

By · Jul 31, 2025 5:00pm PDT
What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in the June quarter 10%, thanks to 13% higher iPhone revenue, the best iPhone quarter in four years. Amazon, meanwhile, reported the best growth for its online stores in three years. (See below for more on the quarterly results.) The biggest news today,... What a day! Apple surprised with a much better quarter than it had projected, lifting revenue in...
Dylan Field, co-founder and CEO of Figma, rings the opening bell today at the New York Stock Exchange. Photo via Getty

Figma’s Shares Soar 250% in IPO, Making It Hottest in String of Tech Deals

By Cory Weinberg · Jul 31, 2025 1:31pm PDT
Figma became the second-most richly valued publicly traded software company, after Palantir, following a blockbuster initial public offering. The company’s shares rose more than 250%, pushing its enterprise value at the end of Thursday to $67 billion. That means that investors are valuing Figma at about 55 times the revenue that bankers expect... Figma became the second-most richly valued publicly traded software company, after Palantir,...