Kevin Ryan's AlleyCorp Raises $335 Million and Still Won't Chase Mega-Rounds
Kevin Ryan's AlleyCorp closed a $335 million fund, up from its $250 million 2024 debut, while Ryan argues mega-rounds into OpenAI and Anthropic don't count as real venture capital. The firm still caps most checks under $10 million and just saw incubated startup Transcend Therapeutics sell to Otsuka for up to $1.2 billion.