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Recode Daily: This Is The Summer Of The Startup Megadeal

by recode.net posted 1year ago 68 views
Plus, the co-founders of Tinder and FanDuel are suing their parent companies; HQ Trivia jumps from smartphones to Apple TV; and will it be money or luck? It’s the summer of the Megs: Startups raising upward of $100 million or more used to be a unicorn-level rarity. Now it’s practically routine — there were 273 last year, and even more projected for this year. The jump in oversize investments is led by relatively new investors, including the Japanese conglomerate SoftBank, Chinese companies and sovereign wealth funds, who want to put their money down before young companies go public.

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