Ian Logan was one of the first employees at Airbnb, eventually becoming the company's Director of Engineering. Now, he's taking the lessons he learned there to build a new start-up called Drop. Drop is an app that rewards users with money to spend at their favorite retailers. Logan says it operates as a platform that connects partners and customers. Drop just announced a $21 million Series A round of funding. Logan says he plans to use some of that money to triple the company's engineering staff this year.

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OpenAI now worth $500 billion, is the world’s most valuable startup
OpenAI could now be the world’s most valuable startup, ahead of Elon Musk’s SpaceX and TikTok parent company ByteDance, after a secondary stock sale designed to retain employees at the ChatGPT maker. Current and former OpenAI employees sold $6.6 billion in shares to a group of investors, pushing the privately held artificial intelligence company’s valuation to $500 billion, according to a source with knowledge of the deal who was not authorized to discuss it publicly. The valuation reflects high expectations for the future of AI technology and continues OpenAI’s remarkable trajectory from its start as a nonprofit research lab in 2015.
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