Michael Kives, a former Hollywood agent, connected FTX’s founder to Katy Perry, Orlando Bloom, Bill Clinton and others. His firm got $700 million in exchange, a lawsuit claims.
Category: Venture Capital
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PGA Tour-LIV Golf Deal Bolsters Saudi Arabia’s Global Ambitions
An agreement to merge LIV Golf with the PGA Tour is the latest step in the kingdom’s push to become a global force beyond oil.
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The AI Boom Is Pulling Tech Entrepreneurs Back to San Francisco
Tech entrepreneurs who left the Bay Area during the pandemic say they can’t afford to miss out on the funding, hackathons and networking of the artificial intelligence frenzy.
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Venture Capital Giant Sequoia Spins Off China and India Units
The Silicon Valley firm said that the split would simplify its business. The move comes amid rising tensions between the United States and China over technology investment and development.
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Elizabeth Holmes Set to Report to Prison Tuesday in Texas
The disgraced founder of the blood testing start-up Theranos, who was convicted of fraud, is expected to report to a minimum-security prison in Texas.
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Reid Hoffman Is Praising the Virtues of AI
Few are as involved in so many different artificial intelligence efforts as Mr. Hoffman, a Silicon Valley investor who co-founded LinkedIn.
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Semafor Raises $19 Million, Replacing Money From Sam Bankman-Fried
The media start-up’s new backers include Henry Kravis, a founder of the private-equity giant KKR, and Jerry Yang, a Yahoo founder.
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Vice Media Files for Bankruptcy
Vice, which had wooed media giants, has struggled to adjust to the punishing realities of digital publishing. A group of creditors could buy Vice for $225 million.
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The End of Faking It in Silicon Valley
Recent charges, convictions and sentences all indicate that the start-up world’s habit of playing fast and loose with the truth actually has consequences.
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Bay Area Expansion Team Draws Record Price for U.S. Women’s Soccer League
The investment firm Sixth Street led an ownership group that plans to spend $125 million on the franchise.