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" ... Being an outsider, Khwaja was seen by his backers as having the “independence” and “integrity” needed to safeguard cricket through a tumultuous period. ... "
" ... Electric bus startup Proterra is one of the most well-funded Silicon Valley EV startups ever, raising a $750-million-plus from backers like VC firm Kleiner Perkins and George Soros, according to PitchBook. It took a $10 million PPP loan in April from Town Centre Bank. Says a spokesperson of the loan, “We can confirm that Proterra received a Payroll Protection Program (PPP) loan earlier this year, which supported our ability to maintain a full workforce as we’ve navigated the uncertainty caused by the COVID-19 pandemic. Beyond that, we do not comment on financial matters involving the company.” ... "
" ... If other tech IPOs serve as any frame of reference, Airbnb’s IPO could go well for its major backers, which include Sequoia Capital and Andreessen Horowitz. Snowflake, which went public in early September, opened trading at $254 a share — more than double its initial list price of $120 — crowning three new billionaires on its IPO day. Palantir, which pursued a direct listing also in September, opened at $10, a 38% increase from its reference price. ... "
" ... Telegram is privately owned and there’s some talk of a possible IPO to continue to fund its growth, while Signal operates as a non-profit foundation. Both platforms now face questions as to how they will fund their accelerating growth. Running a global messenger with tens of millions of users (Signal) or hundreds of millions of users (Telegram) is not cheap. Right now, funding comes from the platforms’ billionaire backers and donations, but it’s unclear if that will keep pace with growth. ... "
" ... The company has raised $3.2 million in two rounds of venture funding, from backers including Barclays Capital and Lakehouse Ventures. ... "