Emerging from Stealth with $750M valuation, Grant for Young Entrepreneurs, New CEOs at dYdX and Alife Health

Welcome to Free Agency, where we share updates on notable career moves in tech.
If you or someone you know, is making a move or having an impact, share their details with us by filling out this short form.

Free agents

Princeton graduate and current Quant at a Prop Shop, with a background as a founder, is seeking a co-founder to work on an AI data analytics venture. Reply to this email if you’d like to be introduced.

Operations and strategy manager at a biotech startup is exploring new opportunities. Previously a Brand Manager at Amazon and Business Analyst at Deloitte. Looking for business operations roles. Reply to this email if you’d like to be introduced.

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Just started

Ofir Ehrlich, founder and CEO of Eon, emerged from stealth. After selling his previous company to Amazon, Ehrlich raised $127 million, leading to a $750 million valuation for Eon, which addresses the growing complexity of modern cloud storage.

Anand Sanwal and Raj Shah have launched the Formidable Fund to provide $1,000 grants to middle and high school entrepreneurs, aiming to support young, ambitious individuals who are often underserved. The fund starts with $500K, and they are giving away no-strings-attached grants — what Anand refers to as "inspiration capital." The initiative is designed as a nonprofit and does not involve equity or loans.

Just left 

Allen Yang, former VP of Product at Bubble, has left the company after five years. He was the first Product hire at Bubble and helped build the Product org across PM, Design, Data, Research, and Development. Allen is now working on a new venture in the AI productivity space.

Luke Metz announced his departure from OpenAI after more than two years, during which he contributed to building the product that evolved into ChatGPT.

Just joined