The Latest Breaking News from Term Sheet

The startup has accused Peloton of making a copycat product to try to compete in the space.

Lava has raised $10 million in funding led by Khosla and Founders.

Prediction market Polymarket has become increasingly popular throughout the 2024 U.S. election.

Companies can be run in two ways, “founder mode” and “manager mode,” Y Combinator cofounder Paul Graham wrote, citing a recent talk by Airbnb cofounder Brian Chesky as his inspiration.

Private equity has grown out of its slash and burn reputation and is increasingly being welcomed by all manner of sport investment opportunities.

Soci, a marketing automation platform, has surpassed $100 million in annual recurring revenue, Fortune can exclusively report.

Oprah, Stephen Colbert, Steve Harvey, Bill Gates, and A-Rod all seemed to be fans of Carlos Watson, the cofounder of Ozy Media. Today, there are no celebrities on hand or VC backers writing big checks. And interviews about Watson and Ozy Media are taking place on the witness stand in…

Battery Ventures is rethinking how it evaluates revenue in its industrial tech and life science tools business, and in doing so is proposing a new framework—the firm calls it the “revenue-quality podium.”

Databricks just acquired open source-focused data manager Tabular. Though we don’t know the exact contours of the deal, we know it’s north of $1 billion, making it the company’s second billion-dollar deal within 12 months.