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Nvidia CEO Signs Bra and Gamestop is Back
Nvidia has an 80% market share in AI chips for data centers. When is someone going to ring the bell?
Adam Hardej
June 07, 2024
I read somewhere today that 36% of Nvidia employees are worth over $20m. That would be cool, but some guy with a bandana named “DeepF***ingvalue” on reddit just made that much money in 2 hours after tweeting a link to a live stream.
RSVP to our Raising a Successful Pre-Seed Round in 2024 event next week and check out our podcast with Michael Berolzheimer.
This isn’t a meme, this actually happened.
Nvidia passes Apple in market cap as second-most valuable public U.S. company
“Nvidia shares have risen more than 24% since the company reported first-quarter earnings in May and have been on a tear since last year. The company has an estimated 80% market share in AI chips for data centers, which are attracting billions of dollars in spending from big cloud vendors.”
Robinhood buying crytocurrency exchange Bitstamp for about $200 million
“Robinhood Markets Inc. is buying crytocurrency exchange Bitstamp for about $200 million in cash as the company looks to speed up its cryptocurrency expansion globally.”
E*Trade Considers Kicking Meme-Stock Leader Keith Gill Off Platform
“This week, Gill posted screenshots of an E*Trade account showing he owns GameStop shares now valued at $140 million and a new set of options that expire later this month. His total gains on the positions were at $85.5 million, he posted late Monday, showing his account remained in operation.”
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Sandhill Live Schedule
Next Tuesday the 11th: Mastering Series B Fundraising in 2024 (Without AI in Your Brand Name)
Join us live on Tuesday, June 11th at 3 PM EST to learn more about successful fundraising tips from industry experts.
We'll be joined by accomplished guests:
Michelle Valentine, Co-founder & CEO @ Anrok
Howard Ting, CEO @ Cyberhaven
This event is brought to you by Sacra and Sandhill Markets.
CHECK THIS OUT → Sandhill Podcast Discusses Pre-Seed Investing in Deep Tech
In this latest episode, we were joined by Michael Berolzheimer, a veteran in deep tech venture creation with over a decade of experience. Michael has partnered with founders on 75+ pre-seed investments, totaling over $150M, and has supported numerous successful startups like TubeMogul and BuildingConnected.
Check out the podcast below:
As an overview, we discussed:
Michael Intro (1:32)
The Beginnings of Bee Partners (4:43)
Thoughts on Fund Construction and Fund Sizes (7:27)
Approach to Building Teams (12:56)
What Are the Controllable Factors When Thinking About Fund Strategy (16:00)
In Depth on Deep Tech (20:33)
Michael’s Long Term Outlook on Sourcing (24:42)
Which Came First, Michael’s Focus on Pre-Seed Investing or Deep Tech Investing? (26:55)
What Has Changed in VC in the Past 15 Years? (32:02)
The Future of Bee Partners (35:42)
Michael’s Take on the Future of VC (39:42)
Letters From The Editor
Misc. (short for miscellaneous)
Nothing this week…
Will use this space to plug our podcast above in case you missed it!
Talk soon,
Adam
PS - Are you an accredited investor? Click here to apply to our syndicate.