THIEL CAPITAL'S SELBY BACKS ETCHED, RAISES $300M FUND
■ AI-SUMMARIZED FROM 1 SOURCE ▸ TIMELINE
Jack Selby, an investor at Thiel Capital, is leveraging Arizona connections to secure stakes in emerging startups including AI chip company Etched. His firm, Copper Sky Capital, is raising a $300 million second fund.
■ MORE FROM THE STARTUPS DESK
College social app Fizz has expanded its lawsuit against competitor Sidechat, alleging that a Maveron venture capitalist shared confidential information obtained during a 2022 fundraising pitch with the rival startup.
Phia, a shopping app co-founded by Phoebe Gates, is allegedly using cookie stuffing—a fraudulent technique involving fake clicks—to claim unearned affiliate commissions. The startup has raised $43.5 million to date.
Toni Schneider has been promoted from interim to permanent CEO of Bluesky, four months after taking the role in March. Schneider, formerly CEO of Automattic, commits to leading the decentralized social platform.
Oratomic secured $300 million in funding to develop a quantum computer requiring only 20,000 qubits—a significant reduction from conventional approaches. The round was co-led by ARCH Venture Partners, Spark Capital, and Khosla Ventures.