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The Companies Driving The 2024 Midas List: Rising Valuations In 2023 Helped Drive Performance

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Midas List: Rising Valuations,Companies Driving,Midas Brink List

TrueBridge is a venture capital investment firm managing more than $6 billion in assets. TrueBridge invests in venture funds and directly in select venture and growth-stage technology companies. TrueBridge is the data partner behind the Forbes Midas List, Midas List Europe, Midas Seed List, and Next Billion-Dollar Startups.

Venture capital investing may have been down this year, but these companies still saw valuation growth.

As of this writing, its video-editing app CapCut and content sharing app Lemon8 are also #1 and #2 in their respective categories on the Apple app store. But the company has bigger concerns than whether it can continue to churn out hit apps. In April 2024, the “TikTok Ban” was signed into law, which will force Bytedance into a sale of the video-sharing platform by January 2025 or face a ban.

It’s worth noting that, like Bytedance, Airbnb’s success has drawn increasing scrutiny from regulators and political figures around the globe with states, cities and municipalities looking to restrict, tax or outright ban short-term rentals. In 2023, Airbnb responded by ramping up its federal and local lobbying efforts, including recruiting a former Press Secretary for President Obama as Global Head of Policy and Communications.

The company also boasts advances in AI, claiming that its proprietary large language model surpassed the capabilities of OpenAI’s ChatGPT 3.5 in March.Hurst Lin | DCM | #328. Stripe

 

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Design Startup Canva, A Challenger No More With Revenue In Billions, Cozies Up To Corporations With New ToolsI'm a senior editor at Forbes covering venture capital and startups, especially in cloud and AI, out of New York. I edit the Midas List and Under 30 for VC, and created the Midas List Europe and Cloud 100 lists. I've written more than a dozen cover stories on business leaders including Marc Benioff, Patrick Collison and Melanie Perkins.
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At Max Altman’s Saga Ventures, An Unlikely Trio Raises $125 Million To Invest Outside Silicon Valley HypeI'm a senior editor at Forbes covering venture capital and startups, especially in cloud and AI, out of New York. I edit the Midas List and Under 30 for VC, and created the Midas List Europe and Cloud 100 lists. I've written more than a dozen cover stories on business leaders including Marc Benioff, Patrick Collison and Melanie Perkins.
Source: ForbesTech - 🏆 318. / 59 Read more »