Spark

“Spark, Gigafund, and Greenoaks are defining a new VC model built around paying up for late-stage stakes and repeatedly doubling down as startups stay private longer, trading traditional boardroom influence for concentrated bets on companies such as Anthropic and SpaceX.”

“Baseten, which provides software and compute for running open-source AI models, is closing a $1.5B round at an $11–13B valuation—a company most non-specialist investors wouldn't recognize.”