Will we get to AGI before Stripe launches?

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Hello and welcome Equity, a podcast about the business of startups, where we unpack the numbers and nuances behind the headlines. This is Friday’s episode, when we look back at the week’s most critical stories and issues.

Here’s what Mary Ann and Alex entered:

• Stripe Valuation Recovers: As part of a tender offer, Stripe is now worth $65 billion. The company’s valuation has been on an upward trajectory in recent years as the company works to make its massive bulk fit into the private markets. Alex has thoughts on when it should go public, as you can imagine.
• Fervo Energy’s $200M+ Round: What if the solution to our energy problems was not in the stars, but beneath our feet? And no, I’m not talking about carbon-based fuels. No, instead, what if geothermal energy is what we’ve been waiting for? Fervo wants to make that question a reality.
• Why VCs invest in closing companies: As more startups than usual head for closure, there’s a mountain of work ahead for founders and backers of shutter companies. Now some angels and other investors are putting their own funds into many companies that specialize in helping other companies close. Grim, but necessary.
• AI and Law: Microsoft’s move to invest in French artificial intelligence company Mistral isn’t a bad way to spread its bets. Or to potentially fends off the regulatory scrutiny that is created. AI generally takes a while to sort out the permissions—or lack thereof—that some training data might hold.

Coming up this weekend we have an interview with the CEO of Nubank and we have else great interview scheduled for the weekend after! Talk to you soon!