VCs bet $12M on Troops, a Slackbot for sales teams


This post is by Kate Clark from Venture Capital – TechCrunch


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Slack wants to be the new operating system for teams, something it has made clear on more than one occasion, including in its recent S-1 filing. To accomplish that goal, it put together an in-house $80 million venture fund in 2015 to invest in third-party developers building on top of its platform.

Weeks ahead of its direct listing on The New York Stock Exchange, it continues to put that money to work.

Troops is the latest to land additional capital from the enterprise giant. The New York-based startup helps sales teams communicate with a customer relationship management tool plugged directly into Slack. In short, it automates routine sales management activities and creates visibility into important deals through integrations with employee emails and Salesforce.

Troops founder and chief executive officer Dan Reich, who previously co-founded TULA Skincare, told TechCrunch he opted to build a Slackbot rather than create an independent platform Continue reading “VCs bet $12M on Troops, a Slackbot for sales teams”

The Slack origin story


This post is by Kate Clark from Venture Capital – TechCrunch


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Let’s rewind a decade. It’s 2009. Vancouver, Canada.

Stewart Butterfield, known already for his part in building Flickr, a photo-sharing service acquired by Yahoo in 2005, decided to try his hand — again — at building a game. Flickr had been a failed attempt at a game called Game Neverending followed by a big pivot. This time, Butterfield would make it work.

To make his dreams a reality, he joined forces with Flickr’s original chief software architect Cal Henderson, as well as former Flickr employees Eric Costello and Serguei Mourachov, who like himself, had served some time at Yahoo after the acquisition. Together, they would build Tiny Speck, the company behind an artful, non-combat massively multiplayer online game.

Years later, Butterfield would pull off a pivot more massive than his last. Slack, born from the ashes of his fantastical game, would lead a shift toward online productivity tools that fundamentally

Continue reading “The Slack origin story”

Chrysalix Venture Capital raising $120 million fund to back Industry 4.0 startups


This post is by Chris O'Brien from Venture Capital – VentureBeat


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A plasma injector designed by General Fusion which is backed by Chrs


Chrysalix Venture Capital has closed the first part of its new Industry 4.0 fund, which will target startups focused on more energy-efficient production. The Chrysalix RoboValley Fund will be on the hunt for startups in areas such as industrial 3D printing, robotics, artificial intelligence, and internet of things (IoT) that are seeking to reinvent…Read More

BlueOcean Ventures ll’s blockchain-powered VC fund targets medical innovation


This post is by Stewart Rogers from vc – VentureBeat


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In everything from AI to scan for diseases and cancers to blockchain to provide global health care for patients, today’s emerging technologies are making a real difference in medicine. To further that trend, BlueOcean Ventures ll announced the launch of SwissVCToken, a security token offering (STO) platform dedicated to the sale of its BOV To…Read More

David Ulevitch


This post is by garcegarce from Andreessen Horowitz


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Building a big business is a long journey, and inevitably there are some serious low periods mixed in with the highs. When Marc and Ben first met David Ulevitch in 2009, his company OpenDNS was in one of those low …

Indiana’s Emplify raises $7.5 million for its employee satisfaction software


This post is by Anna Hensel from Venture Capital – VentureBeat


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What Emplify's dashboard looks like to customers.


Emplify, a two-year-old software startup that helps companies track employee satisfaction more consistently, announced today that it has raised a $7.5 million round of financing. The round was led by the growth equity arm of New Jersey’s Edison Partners. A pair of Midwestern VC firms — Indiana’s Allos Ventures, Missouri’s Cu…Read More

Silicon Valley isn’t over, but its influence is dwindling


This post is by Kevin Stevens, Intelis Capital from Venture Capital – VentureBeat


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GUEST: By now you’ve likely seen this week’s The Economist cover story titled “Peak Valley,” which features quotes from Claire Haidar. She is CEO of WNDYR, an Intelis Capital portfolio company. The article highlights outrageous costs of living, poor local government, and high operating costs as the catalysts behind an impend…Read More

Norwest survey: CEOs fear failure, feeling unqualified, and hiring the wrong people


This post is by Dean Takahashi from Venture Capital – VentureBeat


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A survey of 200 CEOs found many worry about failure, feeling unqualified, or hiring the wrong people.


Norwest Venture Partners interviewed a bunch of private company CEOs and founders, getting a glimpse into their worries, which include fear of failure, feeling unqualified, and hiring the wrong people. The multi-stage investment firm, which manages $7.5 billion in capital and has invested in 600 companies, released its 2018 CEO Journey study today.…Read More

Glasswing Ventures raises $112 million for AI-focused fund


This post is by Kyle Wiggers from Venture Capital – VentureBeat


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Glasswing Ventures


Glasswing Ventures, an early-stage venture capital firm based in Boston, Massachusetts, announced that it has raised $112 million for an AI-focused fund it claims is the largest of its kind on the East Coast. The capital — which was raised over the course of 18 months from a mix of pension funds, family offices, and foundation and university…Read More

Ask a Healthcare VC: Shiny new toys vs potential game changers


This post is by VB Staff from Venture Capital – VentureBeat


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SPONSORED: Less than ten years ago, digital health – called “Health Care IT” at the time – was barely a blip on the entrepreneurial radar. But the sector is maturing, and the amount of money invested and the number of deals made is mounting. The first half of 2017 was record setting, with $3.5B invested in 188 digital health companies.…Read More