Jun 15, 2018

E-scooter company Bird confirms $2 billion valuation plans

Bird scooter in Los Angeles, waiting for a rider. Photo by Wally Skalij/Los Angeles Times via Getty Images.

E-scooter company Bird confirmed via a state regulatory filing that it is raising new funding that could value the company at $2 billion.

  • The "Series C-1" round would be for up to $150 million in C-1 shares to be sold at around $11.75 per share, which is 85% higher than a Series C round for which Bird filed Delaware docs on June 1.

Bottom line: Bird expects to nearly double its value in less than a month, which is unprecedented for a transportation startup. But all indications are that it will get its money.

Below is the stock authorization certificate Bird filed in Delaware, provided to Axios by Lagniappe Labs, which estimates a $2 billion post-money valuation if all the Series C-1 shares are sold:

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The next frontier for Big Science

Illustration: Eniola Odetunde/Axios

In 1945, engineer and science administrator Vannevar Bush laid out a framework for support of science in the U.S. that drove prosperity and American dominance. That model isn't enough anymore, experts said at an event this week in Washington, D.C.

The big picture: With China threatening to overtake the U.S. in R&D spending even as research becomes more international, science must manage the tension between cooperation and competition.

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U.S. and Taliban sign peace deal

US Special Representative for Afghanistan Reconciliation Zalmay Khalilzad (L) and Taliban co-founder Mullah Abdul Ghani Baradar (R) sign a peace agreement during a ceremony in Qatar. Photo: Giuseppe Cacace/AFP via Getty Images

The United States signed a peace deal with the Taliban in Doha, Qatar on Saturday after over a year of off-and-on negotiations, The New York Times reports.

Why it matters: The signing of the deal officially begins the process to end the United States' longest war, which has spanned nearly two decades. The agreement sets a timetable to pull the remaining 13,000 American troops out of Afghanistan, per the Times, but is contingent on the Taliban's completion of commitments, including breaking ties with international terrorist groups, such as al Qaeda.

Biden bets it all on South Carolina

Illustration: Eniola Odetunde/Axios

COLUMBIA, S.C. — Most Joe Biden admirers Axios interviewed in South Carolina, where he's vowed to win today's primary, said they're unfazed by his embarrassing losses in Iowa, New Hampshire and Nevada.

Why it matters: Biden has bet it all on South Carolina to position himself as the best alternative to Bernie Sanders — his "good buddy," he tells voters before skewering Sanders' record and ideas.