Stripe has been raising this round and I got a source and then another source that said stripe was raising actually $6 billion. And it's at a $50 billion valuation down from 96, which had been the peak. But this is not money for stripe to use to run its business. All the money is basically going to be used to help resolve this.
Eric Newcomer joins to break down all the trending tech topics, including Stripe raising $6B (16:31), major generative ai fundraises (35:55), Silicon Valley Bank dropping 60% (50:35), and more!
(0:00) Jason kicks off the show
(1:55) Eric’s move to independent journalism
(10:07) First Republic Bank - Discover what a long-term financial relationship can do for you. Visit https://firstrepublic.com today to learn more.
(10:57) Take rates and more on Substack
(16:31) Eric’s Scoop on Stripe
(20:43) Embroker - Use code TWIST to get an extra 10% off insurance at https://Embroker.com/twist
(21:46) The narrative around the tech layoffs + Generative AI
(34:24) Lemon.io - Get 15% off your first 4 weeks of developer time at https://Lemon.io/twist
(35:55) The deluge of Funding into AI
(43:39) The state of VC investing
(50:35) Silicon Valley Bank drops 60%
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