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Klarna CEO and Sutter Hill take victory lap after Jony Ive’s OpenAI deal
Hours after Sam Altman and Jony Ive announced on Wednesday that OpenAI was buying Ive’s company, io, in an all-stock transaction valued at $6.5 billion, Investors were happy about the hefty returns they got from the sale of io to OpenAI.
“Excited that@FlatCapital was an investor in io and that we will now receive even more shares in OpenAI at a hefty return for an investment we did some 6 months ago,” Siemiatkowski tweeted. Then came another surprising tweet from former Googler and designer Luke Wroblewski, who now works as a managing director at the secretive Silicon Valley VC powerhouse firm Sutter Hill Ventures. Other io backers, Bloomberg reported, included Laurene Powell Jobs’ firm Emerson Collective, Thrive Capital, Maverick Ventures, SV Angel and the OpenAI Fund.
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