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Kate Clark Profile
Kate Clark

@KateClarkTweets

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Senior Reporter, deputy bureau chief @theinformation covering the money powering Silicon Valley. Author of Dealmaker. Kate @theinformation . Signal: 415-409-9095.

New York, NY
Joined February 2013
Don't wanna be here? Send us removal request.
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@KateClarkTweets
Kate Clark
2 months
My weekly newsletter on venture capital is officially a @SABEW winner! In your inbox every Thursday at 6pm ET. Subscribe here:
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@KateClarkTweets
Kate Clark
1 year
I just can't get over the fact that SBF was playing video games during VC pitches and that wasn't seen as a red flag.
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@KateClarkTweets
Kate Clark
1 year
Scoop: Sam Bankman-Fried invested hundreds of millions in Sequoia Capital, Paradigm, Multicoin and Altimeter, the same VC firms that backed FTX. These ties show just how deeply entangled Silicon Valley VC firms are in SBF's collapsing crypto empire.
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@KateClarkTweets
Kate Clark
2 years
Adam and Rebekah Neumann’s crypto startup Flowcarbon raises $70 million in equity & token funding from Andreessen Horowitz. Yup, you read that correctly.
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@KateClarkTweets
Kate Clark
2 years
An investor told me yesterday that they were recently asked what the "web3 strategy" of one of their portfolio companies was. It was a smart oven startup.
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@KateClarkTweets
Kate Clark
2 years
When the person buying your table off Craigslist pitches you on their YC startup. Only in SF.
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@KateClarkTweets
Kate Clark
2 years
When the rumors of big layoffs start to outpace the rumors of big VC deals 😳
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@KateClarkTweets
Kate Clark
3 years
Andreessen Horowitz has $16.6 billion in AUM, according to its website. Its @coinbase stake, at the expected $100 billion valuation, is worth an estimated $15 billion. 🤯
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@KateClarkTweets
Kate Clark
1 year
Sequoia’s letter to limited partners concerning its investment in FTX.
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@KateClarkTweets
Kate Clark
2 years
Wonder how the Web3 founders are feeling now that VCs have pivoted back to AI.
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@KateClarkTweets
Kate Clark
3 years
Scoop: A recent Sequoia secondary investment in Zapier valued the company at over $4 billion. It's quite the achievement for the enterprise software startup, which has raised just one round of venture capital, a $1.3 million seed in 2012.
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@KateClarkTweets
Kate Clark
3 years
What companies famously (or quietly) struggled to raise venture capital early on but are now wildly successful? Needs some examples.
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@KateClarkTweets
Kate Clark
3 years
Harry and Meghan should definitely raise a VC fund.
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@KateClarkTweets
Kate Clark
3 years
"A former VC firm associate has built a crypto marketplace designed for fantasy startup investing, where users spend real money buying fakes shares — in NFT form, of course — of real startups." Everything is fine.
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Kate Clark
3 years
How many people are becoming billionaires tomorrow?
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@KateClarkTweets
Kate Clark
2 years
A startup selling NFT jetpacks and hoverboards "that let your avatars fly in the Metaverse" just raised $7 million in venture capital funding. Was that on your 2021 bingo card?
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@KateClarkTweets
Kate Clark
1 year
Andreessen Horowitz is not an investor in FTX, surprisingly.
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@KateClarkTweets
Kate Clark
5 months
Scoop: Nat Friedman, the former CEO of GitHub, was asked to be Interim CEO of OpenAI yesterday. He declined. Later Sunday, OpenAI announced that Twitch co-founder Emmett Shear would take over as Interim CEO.
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@KateClarkTweets
Kate Clark
3 years
Sequoia’s stake in Stripe could be worth ~$60B if Stripe goes public at a $300B valuation (some major guesstimating here). The new structure allows them to hold till, perhaps, Stripe’s worth $1T. The revamp is worth it for the Stripe returns alone. Am I getting this right?
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@KateClarkTweets
Kate Clark
1 year
Panic in China, where SVB has played a hugely important role in the country. Chinese startups can’t raise money from overseas investors in foreign currencies without offshore bank account. Opening an SVB account has been the easiest option.
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@KateClarkTweets
Kate Clark
2 years
I moved to New York!!
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@KateClarkTweets
Kate Clark
3 years
Every time I log on to Twitter this week: ~$10 million *pre-seed~ ~6 month old fintech valued at $2 billion~ ~largest Series A in history~ ~166 new unicorns in 2021~ What am I missing?
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@KateClarkTweets
Kate Clark
5 months
New: Sam Altman has already spoken to investors about a new venture. No details yet on what it will look like but its expected that OpenAI employees will jump ship and join Altman in whatever he builds next.
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@KateClarkTweets
Kate Clark
3 years
Hedge funds leading overpriced rounds in companies still in Y Combinator is the 2021 VC trend I should've seen coming.
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@KateClarkTweets
Kate Clark
5 months
If you’re keeping track, the OpenAI board asked Anthropic CEO Dario Amodei, former GitHub CEO Nat Friedman and Scale AI CEO Alex Wang to come aboard as Interim CEO. All declined. Former Twitch CEO Emmett Shear was named Interim CEO on Sunday night.
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Stephanie Palazzolo
5 months
BREAKING: Over the weekend, OpenAI's board approached Dario Amodei, the CEO of its top startup rival, about a potential merger. The approach was part of an effort by OpenAI to persuade Amodei to replace Altman as CEO.
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@KateClarkTweets
Kate Clark
1 year
I’m hearing that many VCs are advising founders to keep no more than $250,000 of funds in SVB. Here’s what USV told founders in an email: Keep “only keep minimal funds in cash accounts at SVB,” that is, funds of up to $250,000. “SVB is in a severe cash crisis”
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@KateClarkTweets
Kate Clark
5 months
The latest: Microsoft may take a board observer seat on OpenAI's revamped board if Altman returns. That would mean no voting power. Other new board recruits could be Bret Taylor, Marisa Mayer, Brian Chesky, Roelof Botha & Reid Hoffman w/ @aaronpholmes
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Kate Clark
1 year
Who are the best seed investors focused on AI right now?
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@KateClarkTweets
Kate Clark
1 year
There’s a lot of doom and gloom in the venture capital, startups space right now. What are the bright spots? Besides generative AI. Curious!
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@KateClarkTweets
Kate Clark
3 years
Altos Ventures, a very under-the-radar venture capital firm, invested in @Roblox in 2008 as part of a $2.8 million round. Its stake is worth $7.5 billion today.
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@KateClarkTweets
Kate Clark
1 year
Just got a pitch for a funding round that "reaffirms" the startup's previous valuation. Lovely way to describe a flat round.
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@KateClarkTweets
Kate Clark
3 years
Quite the first month for Robinhood's new head of comms.
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@KateClarkTweets
Kate Clark
2 years
Who's spearheading equity & inclusion efforts within crypto/NFTs? Would like to talk.
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@KateClarkTweets
Kate Clark
2 years
$10 billion in new venture funds announced in the first week of January between Andreessen Horowitz, Katie Haun's new fund and Khosla Ventures, surely missing a few others too. 2022 VC fundraising off to a good start.
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@KateClarkTweets
Kate Clark
3 years
So Jake Paul, Josh Richards, Griffin Johnson and Noah Beck all launched VC funds this week (Anti Fund & Animal Capital). The influencer-turned-VC era is upon us!
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@KateClarkTweets
Kate Clark
5 months
The story that keeps on giving. OpenAI board is in discussions with Sam Altman to return as CEO, per @alexeheath . Altman is “ambivalent” about returning.
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@KateClarkTweets
Kate Clark
4 months
News: Keith @Rabois is returning to Khosla Ventures as a managing director, leaving his post at a rival VC firm, Founders Fund. The hire represents a coup for Khosla Ventures, which recently raised $3.1 billion in new funds.
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@KateClarkTweets
Kate Clark
3 years
Taylor Swift releasing a new album during such a busy week for IPOs is overwhelming.
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@KateClarkTweets
Kate Clark
2 years
Exciting news! I’m starting a weekly column. Dig deeper into Silicon Valley’s wealth machine with me, every Thursday.💰 Sign up here:
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@KateClarkTweets
Kate Clark
3 years
Exclusive: @DavidDobrik has stepped down from @DispoHQ following sexual assault allegations against a member of his “Vlog Squad." Spark Capital, which led Dispo's Series A last month, announced earlier today it would sever all ties with the startup.
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Kate Clark
3 years
It seems like pension funds are going direct, leading rounds in private companies more often (ex: Coda, Flipkart). What happens if more LPs start going direct … and realize they don’t have to invest in VC funds to achieve strong returns? Crazy talk? Idk.
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Kate Clark
3 years
Marc Andreessen on the future of venture capital.
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@KateClarkTweets
Kate Clark
1 year
BlackRock CEO Larry Fink says he thinks more venture money will go into “hard science” like decarbonization.
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@KateClarkTweets
Kate Clark
3 years
I wrote about Tiger Global’s incredibly aggressive year. Big checks and fast closes: How one New York hedge fund is beating Silicon Valley VC firms at their own game.
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@KateClarkTweets
Kate Clark
2 years
The whiplash tech recruiters must have right now after spending 2+ years tirelessly trying to expand headcount, then suddenly pivoting to deep layoffs. Never seen anything like it.
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@KateClarkTweets
Kate Clark
3 years
Hello darkness, my old friend
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@KateClarkTweets
Kate Clark
1 year
Silicon Valley Bank's investment arm put $234 million in Sequoia Capital, $173 million in Andreessen Horowitz and $145 million in Ribbit Capital over the last few years. And it had just raised nearly $2 billion to invest in more VC funds.
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@KateClarkTweets
Kate Clark
3 years
In startup news, I wrote about @Chime . The company raised more than $1B in 2020 & watched its valuation swell from $1.3B to $14.5B. But for *many* years before that, top VC funds wouldn't touch it.
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@KateClarkTweets
Kate Clark
3 years
$900 million in fintech funding news in my inbox this morning. 👀
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@KateClarkTweets
Kate Clark
2 years
Figma’s $20 billion sale—the largest deal for a private tech company at the time of the announcement—is delivering MASSIVE returns to several VC firms. Index: $2.6 billion Greylock: $2.6 billion Kleiner: $2.1 billion Sequoia: $1.2 billion and more
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@KateClarkTweets
Kate Clark
3 years
It’s been way too long since I drank a Perrier and sat on expensive mid-century modern furniture at a VC office.
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@KateClarkTweets
Kate Clark
2 years
New York tech week this week. SF tech week next month. LA tech week in August. Miami tech week in April. Who started this! It’s too much.
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@KateClarkTweets
Kate Clark
3 years
Microsoft CEO says the failed Microsoft/TikTok deal talks were the “strangest thing I’ve ever worked on.”
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@KateClarkTweets
Kate Clark
3 years
Bad take
@WSJ
The Wall Street Journal
3 years
WeWork's CEO tells WSJ there is an easy way for companies to spot their most engaged employees: They’re the ones who want to come back to the office. “Those who are least engaged are very comfortable working from home,” he said.
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Kate Clark
2 years
VCs, is it standard to offer limited partners a discounted management fee for participating in the first close? Had not heard of this. From Tiger LP letter: "Investors in the first close will receive a discounted management fee of 1.75%."
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@KateClarkTweets
Kate Clark
3 years
We wrote about the history of Andreessen Horowitz, the early Coinbase investor that gained $11B this week (one of the biggest paper returns from a single-company investment in VC history.) + a look at its ferocious investment pace of late. w/ @amir
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@KateClarkTweets
Kate Clark
2 years
New: Redpoint Ventures is launching a new publication, featuring podcasts and content for TikTok, YouTube & Instagram. It’s not the first VC firm to get into the media biz. Andreessen Horowitz launched the media property Future in June.
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@KateClarkTweets
Kate Clark
3 years
In other news, Y Combinator's latest batch, which kicked off last week, has more than 300 companies. The last batch had 220. It just keeps getting bigger and bigger!
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@KateClarkTweets
Kate Clark
2 years
Ryan Breslow of Bolt + Twitter rant fame is working w/ psychedelics co MindMed founder & a founder of the ill-fated vending machine startup fka Bodega on a new startup, , where crypto meets pharma.
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@KateClarkTweets
Kate Clark
2 years
Everyone who said VC deals would come roaring back this month forgot Burning Man was the first week of September.
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@KateClarkTweets
Kate Clark
1 year
Stripe cuts 14% of staff:
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@KateClarkTweets
Kate Clark
1 year
SVB’s venture arm SVB Capital is a limited partner in a bunch of prominent VC funds. What happens to those commitments? SVB Capital also has more than 100 direct investments in startups.
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@KateClarkTweets
Kate Clark
3 years
News: @GreylockVC has raised $500M dedicated exclusively to supersize seed deals (up to $20M each) at “lean in valuations.” The announcement comes just weeks after Andreessen Horowitz introduced a $400M seed fund as the battle for seed heats up.
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@KateClarkTweets
Kate Clark
5 months
The latest: VC investors, fearing a mass exodus at OpenAI or Microsoft pulling out of its $10B commitment, are negotiating w/ OpenAI's board & w/ Microsoft. A decision about Altman's return is expected to be reached in hours. Stay tuned! w/ @nmasc_
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@KateClarkTweets
Kate Clark
5 months
Breaking news: Sam Altman has been removed as CEO of OpenAI after a internal review "concluded that he was not consistently candid in his communications with the board."
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@KateClarkTweets
Kate Clark
1 year
Can’t believe this was last week.
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Kate Clark
3 years
Re: a16z building a larger media platform. Curious if founders are interested in bypassing tech news sites and publishing funding & other news on VC blogs instead? I know it’s much harder for certain types of companies, like B2B SaaS, to get traditional media coverage.
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@KateClarkTweets
Kate Clark
2 years
Chris Dixon addresses a16z's investment in Adam Neumann's new company at #tcdisrupt . "We do our own research. We don’t rely on books and movies for our diligence. We do our own research and we just came to our own conclusion about a lot of what happened."
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@KateClarkTweets
Kate Clark
3 years
a16z hires its 23rd, maybe 24th, general partner:
@dhaber
David Haber
3 years
I am thrilled to share that I am joining @a16z as a General Partner based here in NYC!
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@KateClarkTweets
Kate Clark
6 months
Scoop: VC Firm Greycroft is cutting five investors after missing its fundraising target by 40%. Startups & big tech companies have been dealing with major layoffs for 2 years now but the realities of the downturn are just beginning to hit many VC firms.
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@KateClarkTweets
Kate Clark
3 years
Two little deal scoops on fintech startups focused on the creator economy. Stir & Karat have closed competitive Series As led by top funds. VC investors (a16z in particular) are getting more serious about investing in tools for creators & influencers.
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@KateClarkTweets
Kate Clark
4 months
Scoop: Former Twitter CEO Parag Agrawal has raised money for—you guessed it—a new AI startup from Khosla Ventures, Index Ventures & First Round Capital. Agrawal was fired by Elon Musk immediately after his takeover of this website in late 2022.
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@KateClarkTweets
Kate Clark
3 years
25% of Sequoia's new deals this year were in crypto, several, @shaunmmaguire says, just haven't been announced yet. That includes @ParallelFi , which Sequoia & Founders Fund recently valued at $250M. More here on how Sand Hill Road is embracing crypto:
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@KateClarkTweets
Kate Clark
4 months
And just like that, tomorrow marks four years at @theinformation . Time flies!
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@KateClarkTweets
Kate Clark
7 months
Since taking over Y Combinator, @garrytan has laid off staff, shrunk its batches of startups and eliminated its late-stage fund. He's also raised eyebrows with his attacks on the firm’s critics. Some founders find his blunt public persona invigorating.
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@KateClarkTweets
Kate Clark
2 years
I think VC Twitter rebranded this week.
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@KateClarkTweets
Kate Clark
2 years
VC funding for creator economy startups dropped 30% in the first quarter. After last year's frenzy, "investors are getting back to [the] fundamentals of actually understanding businesses." by @mahiradayal
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@KateClarkTweets
Kate Clark
3 years
So last year there was no VC “summer slowdown” because lockdowns prevented vacations. Instead it was one of the most active and competitive investment periods of 2020. This summer’s a totally different story. The biggest summer slowdown ever is coming, right??
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@KateClarkTweets
Kate Clark
3 years
So. Many. Fintech. Deals.
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@KateClarkTweets
Kate Clark
1 year
A clearly very nervous SBF just spilled his La Croix on his shirt.
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@KateClarkTweets
Kate Clark
3 years
Me: I want to go see Space Jam My autocorrect: I want to go see SPACs Jam
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