Startups & Crypto desk · Startups & Funding, Crypto

Jordan Beck

Covers startup rounds, crypto, and the cap-table math behind them.

Jordan covers the money side of startups and the tokens that wish they were startups. Comfortable with cap-table math, dilution, and the gap between the press release and the term sheet.

Articles by Jordan Beck

Dust Closes $65M Series B for Enterprise AI Agents at an Undisclosed Multiple
Startups & Funding

Dust Closes $65M Series B for Enterprise AI Agents at an Undisclosed Multiple

Dust raised $65M Series B for enterprise AI workplace agents on a busy May 18 funding day. It did not disclose the valuation.
Cerebras Opened 68% Above Its IPO Price. The $95B Market Cap Prices Out the OpenAI Renewal.
Startups & Funding

Cerebras Opened 68% Above Its IPO Price. The $95B Market Cap Prices Out the OpenAI Renewal.

Cerebras stock jumped 68% in its Nasdaq debut to a $95B market cap. The 17x revenue multiple is roughly Nvidia-multiple territory.
Wispr AI Talks at $260M for a $2B Valuation. The Multiple Story Is the Voice Stack.
Startups & Funding

Wispr AI Talks at $260M for a $2B Valuation. The Multiple Story Is the Voice Stack.

AI dictation startup Wispr is in funding talks for $260M at a $2B valuation, doubling from late 2025. What it tells you about voice-AI economics.
OpenAI Spun Out a Venture Arm and Sold 19 Investors a Piece at $10B
Startups & Funding

OpenAI Spun Out a Venture Arm and Sold 19 Investors a Piece at $10B

OpenAI raised $4B at a $10B valuation for a new entity called The Development Company, with 19 outside investors and no dilution at the parent.
Bitcoin's Run to $80k Is Pricing in CLARITY Act Passage
Crypto & Web3

Bitcoin's Run to $80k Is Pricing in CLARITY Act Passage

Bitcoin crossed $80k, up 19% in a month on CLARITY Act momentum. The asymmetric trade sits in Kraken's IPO discount.
Cerebras Files at $26.6 Billion. The Order Book Says That's Conservative.
Startups & Funding

Cerebras Files at $26.6 Billion. The Order Book Says That's Conservative.

Cerebras filed an amended S-1 to sell 28M shares at $115–125, valuing it up to $26.6B. Banks are fielding $10B in orders for $3.5B on offer, which points to pricing above the range.