Andreessen Horowitz founder criticized Stanford University and MIT in private messages to top Trump administration officials over their alleged reverse discrimination.

By Tom Hals WILMINGTON, Delaware (Reuters) -Famed investor Marc Andreessen is scheduled to take the stand on Thursday to defend his role on the Facebook board of directors when it was hit with a $5 billion fine in 2019 for alleged violations of an agreement with a U.

The New York Times reports that the funding brings Substack's valuation to $1.1 billion, almost 70% higher than its 2021 valuation of $650 million.

Substack raises $100 million in Series C funding to expand tools and support for creators, boosting its valuation to $1.1 billion.

The key lawmakers pushing a trio of cryptocurrency bills that passed during so-called “Crypto Week” on Capitol Hill are the top beneficiaries of crypto campaign cash, heightening concerns about the crypto industry’s increasing influence in U.

The funding, which is the company’s series C round, was led by investors at technology investment firm BOND and Peter Chernin’s The Chernin Group. Other participants include VC firm Andreessen Horowitz; Rich Paul, CEO and founder of Klutch Sports Group; and Jens Grede, CEO and co-founder of Skims, the apparel company co-founded by Kim Kardashian.

Facebook's board was not trying to protect founder Mark Zuckerberg in 2019 when it agreed to pay a $5 billion regulatory fine to resolve claims over its privacy practices, but was instead focused on growth,

Billionaire Trump ally Marc Andreessen warned that elite universities like MIT and Stanford will have to “pay the price” for DEI as he called for a “counterattack” on educational institutions in a group chat with tech leaders and White House officials.

Substack, originally a newsletter service, says its app now has millions of users interacting with its creators.

The Silicon Valley venture capital firm Andreessen Horowitz is reincorporating its business from Delaware to Nevada and calling for its portfolio companies to do the same — citing concerns over bias in the state “against founders and their boards.

VC firm Andreessen Horowitz said it's moving from Delaware to Nevada because Delaware courts can be "biased against" tech founders and their boards.

According to a memo Resourcely CEO Travis McPeak sent to his investors earlier this summer, he had been considering shutting down due to limited traction, dwindling resources and months of unsuccessful efforts to sell the company, which had raised $8 million from Andreessen Horowitz and other firms.