Another Friday and another bank in trouble – this time it’s Deutsche Bank. That’s 4 weeks in a row. But everything is fine? I dunno… in any case, it was another crazy week, and we have another Biz Doc 411… 4 Stats, 1 Hero/Zero and 1 Interesting Article:
4 Stats
1. $6.5 Billion Raised
Stripe (finally) finished its fundraising round. It raised $6.5B at a $43.5B pre-money valuation to yield $50B valuation at the close of the round. This is 10% less than the $55 billion target discussed in early February which was already a huge discount to the $95 billion valuation at which Stripe last raised money, in 2021. The company has raised $8.7B overall with $6.5B of that happening right now.
2. Zero #1 Seeds
March Madness upsets keep coming… as ZERO top seeds reached the Elite Eight for the first time since the ranking system started in 1979. Translation: the first time ever. Are these upsets or is the seeding system wrong?
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