Venture Capital Explained: From Seed Round to IPO
How does venture capital actually work? Learn the fund structure, funding stages, dilution mechanics, and key terms — from first check to IPO — in plain English.
private markets
Anthropic Could Raise $50 Billion at Near-$1 Trillion Value
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.
Inside OpenAI’s Record $122B Fundraise and the Road to an IPO
OpenAI closed a record $122 billion funding round in March 2026 at an $852B valuation. Here’s what the deal structure, PBC conversion, and Microsoft renegotiation mean for capital markets.
Google’s $40B Anthropic Bet Reshapes AI Venture Capital
Google commits up to $40 billion to Anthropic in the largest private AI investment ever, just four days after Amazon’s $5 billion new tranche brought its total stake to $13B.
Is OpenAI Worth $852 Billion? Investors Push Back
OpenAI’s private market valuation has ballooned to $852 billion, but some of its own backers are questioning the math as the company shifts strategic focus.
Dimon’s Letter Is Out. He’s Worried. You Should Be Too.
Jamie Dimon dropped his annual shareholder letter this morning, and it reads less like a corporate update and more like a warning siren. The JPMorgan CEO flagged three big risks: geopolitical instability, AI, and the growing shadows of private markets. Here’s why Wall Street is taking notes.