Last week, Thomas Dohmke, the former CEO of GitHub, announced a $60 million seed round and a $300 million valuation for his new startup Entire, a developer platform focused on AI-generated code. By the standards of today’s AI market, that’s considered restrained.

Dohmke initially floated a $50 million raise to Madrona Ventures’ managing director S. “Soma” Somasegar — once the head of his division at Microsoft — who suggested a $250 million valuation. Dohmke said he would come back after testing the market, Somasegar told me. READ MORE