Investor FOMO is back, and what's happening with WordPress and WP Engine?
Today on Equity, Devin, Margaux and Anthony Ha are rounding up the week's startup and venture news, kicking things off with a look at the $400 million raised by Lightmatter, and the importance of fast networking within the fast growing datacenter industry today — not just in years to come — makes the impressive round a little more understandable. Our Deals of the Week continue with Paladin's drone play for first responders and police, and Abel aiming to reduce the substantial paperwork backlog that officers accrue in their everyday duties. Abel Founder Daniel Francis brings a chaotic energy (having landed a Twitter job from Musk after pretending to have been laid off) that could shake things up. Diving deeper, Anthony breaks down the complex back-and-forth that is the WordPress/WP Engine dispute - and we're left wondering why the obligations of and to the "open source community" are not entirely clear. What does it mean for an open source ecosystem when one person (in this case WordPress co-founder Matt Mullenweg) still seems to exercise tremendous influence? And could we say the same of Meta's Llama or other "open" AI solutions? Last, the "bummer" results from PitchBook showing that although founders are founding and investors are investing, there isn't a huge amount of money being made. Turns out they weren't just in it to change the world after all. What could this lack of liquidity be attributed to? Is it the macroeconomic climate, the sectors being invested in, the VC's strategies changing... or something else? At least defense and AI are doing OK, and Europe seems to be chugging along, so maybe it's specific to America? Check back in a month.