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Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-time 5% tax on those with $1B+ in assets (New York Times)

New York Times : Sources: Peter Thiel and Larry Page may leave CA over a proposed ballot measure, opposed by Newsom, that levies a one-ti...

19 August 2024

Carta: 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds raised in the 2021-2022 boom run out (George Hammond/Financial Times)

George Hammond / Financial Times:
Carta: 254 of its VC-backed clients went bust in Q1 2024 and the startup bankruptcy rate is over 7x that of 2019, as funds raised in the 2021-2022 boom run out  —  Private company shutdowns jump compared with last year despite AI funding frenzy, threatening millions of jobs at VC-backed firms

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