Figma announced it will allow existing shareholders to sell nearly double the shares it plans to offer in its IPO, expressing confidence in demand.
Khosla criticized the founders' decision to leave their team behind, stating, "Windsurf and others are really bad examples of founders leaving their teams behind and not even sharing the proceeds with their team."
"This isn't a redemption arc. It's a transmission, for the record. Over the past eight years, I've walked through something I didn't create, but became the primary target of: a non-governmental system, not visible, but operational."
California Forever aims to establish the largest advanced manufacturing park in the US, reclaiming the state's legacy in defense industries, amid regulatory and community challenges.
"Today, usage is dominated by these generalist AI systems, such as OpenAI's ChatGPT or Google's Gemini, but we're seeing, starting with specific categories, this move into more specialized apps."
Covenant aims to revolutionize the legal advising industry for private market investors by leveraging AI to streamline the review of fund documents, enhancing efficiency and reducing costs.
Smith expressed her astonishment at the potential of AI for solo general partnerships, stating, "I can't imagine doing venture any other way now." Her firm utilizes AI to support this vision.
"If you look at what has been happening at many firms, and I would say especially the largest firms out there, there has been a bit of a revolving door. That creates a lot of disruption and uncertainty for founders."