Berber Jin, The Information

Berber Jin

The Information

San Francisco, CA, United States

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Past articles by Berber:

Tiger Global Raised $11 Billion for New Venture Fund, Exceeding Target

Tiger Global Management, the New York–based hedge fund that made more private tech investments than any other firm last year, raised more than $11 billion for its latest venture capital fund as of January, according to a person familiar with the matter. The firm plans to close the fund, Private ... → Read More

Founders Fund Invests in Corporate Card Startup Ramp at $8 Billion Valuation

Venture capital firm Founders Fund has led a new investment in Ramp, a corporate credit card and spending management software startup that is less than three years old, at an $8 billion valuation, including the investment, said two people familiar with the matter. The deal, initially struck in ... → Read More

Benchmark’s Sarah Tavel: ‘It’s Still So Early’ for Crypto

In an interview, Benchmark general partner Sarah Tavel elaborated on her views about the evolving crypto market for venture capitalists—and where the premier early-stage investor fits in a landscape crowded by multibillion-dollar funds and specialist VC firms. She also talks about the prospects ... → Read More

Instacart Plans 15-Minute Delivery Trial as Rival Startups Grow

For Instacart, the leading U.S. grocery delivery company, being fast may not be fast enough. The $39 billion-valuation startup is planning to launch a pilot program to provide delivery of groceries or convenience items in 15 minutes or less to U.S. customers, said two people with direct ... → Read More

More Startup CEOs Are Moonlighting as VC Investors

Late last year, Lattice CEO Jack Altman started an unusual side gig for a startup founder: He raised $20 million from investors for a venture capital fund he was launching while continuing to run Lattice, the developer of human resource management software he co-founded six years ago. Altman’s ... → Read More

Can Instacart’s New CEO Deliver?

In late June, Instacart CEO and founder Apoorva Mehta had a message for DoorDash: After weeks of discussions between the two companies about a possible merger, Mehta told his counterparts at the meal-delivery company that the talks were off, according to several people with knowledge of the ... → Read More

Boxed, BuzzFeed Debt Deals Show New Financing Option for SPAC Mergers

In early March, when online retailer Boxed decided to go public through a merger with a special purpose acquisition company, it expected to raise $150 million by selling equity. But the company failed to attract investors, according to securities filings. To raise cash for its business—which ... → Read More, ThredUp Among Year’s Best-Performing Tech IPOs

Tech IPOs slightly outpaced the broader stock market this year, propelled by strong showings from enterprise software companies including and SentinelOne. Among the worst performers for new public listings were Coinbase and a handful of Chinese stocks. The share price of companies ... → Read More

Fearing ‘Tsunami’ of Lawsuits, SPAC Insurers Hike Premiums

It’s getting costlier for SPAC backers to buy insurance against future shareholder lawsuits, a fresh sign of soured sentiment toward these once-hot public offerings. Insurance carriers that write policies to shield company directors and executives against shareholder lawsuits are increasing ... → Read More

Tiger Global Leads Deal for Restaurant Startup Popmenu at $525 Million Valuation

The pandemic shutdowns prompted more people than ever to order online from restaurants, lifting the fortunes of startups selling software to the sector. Now, even as in-person gatherings resume, venture investors are betting diners will still want to use these digital tools. Popmenu, an ... → Read More

As SPAC Market Unravels, Startups Seek Alternatives

After the coronavirus pandemic jump-started demand for prescription delivery services, six-year-old Capsule Pharmacy decided to raise money to expand into new cities, hoping to target more customers who don’t want to visit pharmacies in person. One option it considered was to combine with a ... → Read More

The ‘Tech Supercycle’ for Listings Is Accelerating: Top Goldman Sachs Banker

For tech investors used to last year’s massive initial public offerings and price pops, the last few weeks have been sobering. UiPath priced its IPO below its last private valuation, Compass slashed the size of its IPO and once-hot cloud-computing stocks have tumbled. But according to Kim ... → Read More

Average Tech IPO First Day Pops Drop by a Third Since March

If it seems like the stock market has cooled a little on new offerings, that’s because it has. Since March, the share price of tech companies going public in an initial public offering have risen an average of 41% on the first day of trading, down from an average first-day pop of 59% in January ... → Read More

Coinbase Direct Listing’s Biggest Winners

Coinbase’s public stock market debut today crystallizes enormous gains enjoyed by the crypto firm’s earliest investors, most notably Union Square Ventures and Andreessen Horowitz. But for Andreessen, the win is even sweeter, given its decision two years ago to double down on its stake even as ... → Read More

Anduril Raising New Round That Will Double Valuation to Over $4 Billion

Anduril Industries, a defense technology startup aiming to take on large U.S. contractors like Lockheed Martin Corp., is raising a new round of funding that will more than double the firm’s valuation to between $4 billion and $5 billion, two people familiar with the talks said. The Irvine, ... → Read More

Want a Piece of Stripe and SpaceX? Find an SPV

When Khosla Ventures in February wanted to sell part of its stake in Stripe, one of the hottest private tech companies in the world, the shares ended up being auctioned in an opaque process. One broker with access to the auction told clients through texts that they had two days to submit a bid. ... → Read More

Stripe Invests in Brex Rival Ramp at $1.6 Billion Valuation

Ramp, a two-year-old startup that offers corporate cards and software tools for managing employee expenses, is close to finalizing two rounds of funding that will value the company at $1.6 billion, according to three people familiar with the deals. D1 Capital Partners led the first, $65 million ... → Read More

Altimeter to Lead Plaid Deal After Scrapped Visa Merger

Plaid, the financial technology startup whose planned sale to Visa fell apart in January, is raising about $600 million in a funding round that could value it at between $10 billion to $15 billion, according to four people close to the company. Altimeter Capital, a hedge fund turned VC firm that ... → Read More