Headlines

DOJ’s probe into Andreessen Horowitz over board seats baffles VCs

The Justice Department has launched a probe into Andreessen Horowitz regarding the firm’s partners serving on the boards of competing companies, Bloomberg reported. The nearly year-long investigation focuses specifically on the firm’s board seats at Databricks, which is valued at $190 billion, and Fivetran, which combined with dbt Labs in June. The firm’s co-founder, Ben…

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Singapore-Vietnam Pilot Tests Digital Credentials to Speed Up Letter of Credit Checks

Cross-border trade finance can still slow to the speed of phone calls and paperwork. Vietnam’s PILA and Singapore-listed TOTM Technologies want to test whether verifiable digital credentials can cut that friction. TOTM said the companies signed a non-binding, non-exclusive memorandum of understanding on Aug. 13 to develop a proof of concept for verifying letters of…

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