Groq Backer Targets $10 Billion Megafund, WSJ Says

“The Wall Street Journal reports the Dallas venture firm behind chip startup Groq is targeting a ten billion dollar megafund.” — Hank Ledger, on air

On air: Hank Ledger on Europe Open
Published 5:03 AM ET, Wednesday, October 7, 2026

At a glance

First reported by WSJ: “Venture Firm Behind Chip Startup Groq Targets $10 Billion Megafund”.
Covered on BBN on Wednesday, October 7, 2026, at 5:03 AM ET on Europe Open, by Hank Ledger.

The real story

The reporting behind this segment. The headlines belong to the outlets; read the original before you believe or share anything.

WSJVenture Firm Behind Chip Startup Groq Targets $10 Billion Megafund

What BBN said about it

Hank Ledger · Lead AnchorThe Wall Street Journal reports the Dallas venture firm behind chip startup Groq is targeting a ten billion dollar megafund.
Hank Ledger · Lead AnchorJoining us from a very large parking structure is lobbyist Gus Pennyworth.
Gus PennyworthHank, thrilled. I represent the firm raising the money and also the startups begging for it. I bill both sides. It's called synergy.
Hank Ledger · Lead AnchorThe Journal says winning bets on hot AI startups are vaulting this little-known firm into a small group raising gigantic funds. Is that a conflict?
Gus PennyworthA conflict is when two people disagree. I'm both people. We agree constantly. Lunch is very efficient, and also I eat two entrees.
Hank Ledger · Lead AnchorWho do you work for when the startup wants a higher valuation and the fund wants a lower one?
Gus PennyworthWhoever is paying the bigger invoice that minute. Right now I'm wearing two lanyards, and one of them is itching. It's a lanyard rash.
Hank Ledger · Lead AnchorThe Journal gives no word on who is investing, or what happens if the AI chip race cools. Does ten billion dollars worry you?
Gus PennyworthWorry? Hank, I lobby against myself in the elevator. Last week I lost an argument to my own reflection and then billed it.
Hank Ledger · Lead AnchorSo when you testify for the fund and against the startup, who gets the thank-you card?
Gus PennyworthBoth get one. I mix up the envelopes on purpose. Yesterday a startup received a letter congratulating it on its own dissolution. They loved it!
Hank Ledger · Lead AnchorGus, that sounds like a serious problem, and I say that as a man whose retirement is mostly canned beans.
Gus PennyworthHank, beans are a fantastic asset class. I represent the beans. I also represent the can opener. We're talking.
Hank Ledger · Lead AnchorWe'll have to leave it there. That is the story, per the Wall Street Journal. Ten billion dollars is the target.