Harvard Business School professor James K. Sebenius discusses how to deal with tough negotiators effectively and ethically....
Another active week as far as nine-figure rounds go. Seven startups locked up rounds of $100 million or more ' including an agtech firm for the second week in a row and a Sphere-like entertainment startup. 1. Cosm, $250M, entertainment: Entertainment and technology are intersecting more than ever ' and Cosm is just the latest example. The Dallas, Texas-based Sphere-like immersive tech and entertainment company locked up a raise of more than $250 million from the likes of Mirasol Capital and Baillie Gifford. The new round values the company at more than $1 billion. Cosm offers guests an immersive dome that allows a shared reality experience, usually with something regarding sports. The company already has a venue in Los Angeles and plans for others in Dallas and Atlanta. 2. Altana AI, $200M, supply chain management: Altana AI, a supply chain management startup, locked up a $200 million Series C investment led by the US Innovative Technology Fund that values the company at $1 billion. The New York-based startup's supply chain management platform gives customers deep insights and visibility into managing their global value chains ' from the sourcing of raw materials to production to sale. Such oversight has become necessary as governments and organizations have introduced new trade restrictions, climate, national security and other policies. Much like most startups that raise big money in the current environment, Altana has an AI play. The company's platform uses AI to analyze data points through the supply chain to spot anomalies and risks. Founded in 2018, the company has raised $322 million, per Crunchbase. Before the new round, it last raised a $100 million Series B led by Activate Capital Partners in 2022....
When I pull up Netflix at the end of a long day, sometimes it takes me an hour just to decide what to watch. I think this makes me pretty lame. Though maybe I'm also hoping you'll tell me that endless scrolling is a perfectly valid new form of entertainment' 'Doom Looper You may vaguely recall the 'Surprise Me' option, which Netflix introduced during the pandemic. The feature, basically a glorified shuffle button, was designed precisely for users like yourself, Hamlets of the streaming age, tragically frozen by indecision. The fact that it was quietly removed last year, apparently due to 'low use,' would seem to favor your theory about scrolling as a new form of entertainment. If people like you will not relinquish the burden of choice to an algorithm, then surely you're all getting some kind of perverse pleasure from your indecision. You could argue, I guess, that unrealized possibilities are the best form of entertainment there is. Just ask all the people who continue to browse Zillow even after they've purchased their 'forever home,' or who secretly scroll through the apps once they've committed to a monogamous relationship. All the beautiful faces you left-swipe will remain perfect in their potentiality, unmarred by the grating voice, the weekend sweatpants'all the sad realities of embodied personhood. The home you never purchase will always be a Platonic ideal, without the headaches of incontinent gutters or unruly neighbors. The movie you scroll past, night after night, will never disappoint you with expositional dialog or a predictable ending....
Ten Entertainment chairman Adam Bellamy said: 'I am confident that the growth strategy we have in place for the business will continue to deliver for all our stakeholders. However, whilst TEG has performed well in the public markets in comparison with its peers, the acquisition provides all TEG shareholders with the opportunity and certainty of an exit which I believe recognises the underlying value in our business.' Subscribe to our Newsletter to increase your edge. Don't worry about the news anymore, through our newsletter you'll receive weekly access to what is happening. Join 120,000 other PE professionals today....
