Equity Equity Monday: All that VC dry powder is damper than you think
Jan 23, 2023
In the latest discussion, big tech makes headlines with Microsoft's hefty investment in OpenAI and Elliott Management's stake in Salesforce. The conversation dives into the concept of 'dry powder' in venture capital, revealing its challenges amid market optimism. Layoffs at Google and Spotify spark concerns, yet the spirit of innovation persists, showcasing tech's resilience. The episode wraps with news of Quordle's new home at Merriam-Webster, providing a quirky twist to the tech landscape.
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Thoma Bravo Acquires Magnet Forensics
- Thoma Bravo acquired Magnet Forensics, a digital forensics software company, for $1.34 billion.
- Magnet Forensics' software is used by defense forces and businesses to investigate cybersecurity threats.
Elliott Management Invests in Salesforce
- Elliott Management, an activist investor, took a multi-billion dollar stake in Salesforce.
- Salesforce experienced executive shakeups in late 2022.
Legal Challenges for Microsoft and OpenAI
- Microsoft and OpenAI face legal challenges regarding copyright and AI-generated content.
- A lawsuit accuses Copilot, their code-generating system, of copyright infringement.