Quickly Unpacking The Looker And Tableau Acquisitions


This post is by Semil Shah from Haystack.vc


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Normally, I like to pounce on these big acquisitions quickly with some quick analysis, but big M&A in tech is happening too fast, and it’s graduation season for the toddlers, and family is in town, so for this installment of the blog, we will talk about both Looker and Tableau together, as they’re in the same space.

So without further ado, here are my quick takeaways from both acquisitions:

1/ “Not Another BI Startup?” This phrase is a common refrain among many startup investors. And, there is some truth to it — there are plenty of “BI tools” and “analytics/dashboard” companies that were started and funded. It was a red ocean. Fast-forward to June 2019, and two BI companies were purchased for close to $18B combined. Of course, Tableau and Looker do much more than just “BI” but I’m sure there are a number of early founding teams and Continue reading “Quickly Unpacking The Looker And Tableau Acquisitions”

Brex valued at $2.6B with new cash from Kleiner Perkins


This post is by Kate Clark from Venture Capital – TechCrunch


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Reports published late last month indicated Brex, the fast-growing fintech startup, was raising yet another round. Today, the San Francisco-based company is confirming it’s closed on $100 million in Series C-2 funding at a valuation of $2.6 billion.

Kleiner Perkins has lead the round via former general partner Mood Rowghani, who left the fund last year to form Bond alongside Mary Meeker and Noah Knauf. Existing investors DST Global, IVP, Y Combinator and Greenoaks Capital have also participated in the round. 

The Y Combinator graduate, which provides corporate cards tailored for startups, is also announcing the launch of its third product: a card made specifically for life sciences companies. With a focus on pharmaceutical, biotech and cosmetic businesses, Brex has customized its underwriting model for the life sciences sector and crafted targeted rewards, including cash back on lab supplies and conference fees.

Brex’s funding history

March 2017: Continue reading “Brex valued at $2.6B with new cash from Kleiner Perkins”

What happens if there’s no Vision Fund II?


This post is by Alex Wilhelm from Venture Capital – TechCrunch


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While I’d like to recommend panicking as a general response to the world, a smaller or fully neutered Vision Fund II won’t crash everything in the sphere of giant private companies.

Recent headlines describe a world that might never see a Vision Fund II. The Wall Street Journal reported over the weekend, for example, that “SoftBank Faces Challenges Raising Latest $100 Billion Fund.” The Washington Post this morning noted that SoftBank’sMasa Finds Not Everyone Shares His Vision.” And so on.

What matters for tech shops, startups and unicorns alike is that instead of their being an eventual Brady Bunch of Vision Funds, vision-ing around the world like buzzy, cash-laden drones, the franchise might halt after its first installment.

The $100 billion-ish vehicle has caused disturbances of all sorts in the fabric of the private capital markets, deploying cash with hurricane speed. Checks into companies of Continue reading “What happens if there’s no Vision Fund II?”

Everyone loves pizza, including VCs


This post is by Joanna Glasner from Venture Capital – TechCrunch


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Sometimes a person (I’m not naming names here) tires of staring at startup funding data, and her hungry mind wanders to pizza.

But ordering a pizza in real life isn’t always the best choice for such people/reporters. So instead, we’ll pivot to the next best (not really) thing: Looking at what startup investors are doing vis-à-vis the pizza industry.

Turns out, VCs and growth investors are finding lots of ways to toss money at the space. A query of Crunchbase data rolled out more than 50 companies funded in the past couple of years that mention pizza in their business descriptions. In the chart below, we slice into 10 of the most heavily funded and intriguing pizza-preneurs.

Taken together, what does this assimilation of funding data portend about the future of pizza? We’re not experts in much but consuming the stuff, but nonetheless, a few trends stand out. We outline Continue reading “Everyone loves pizza, including VCs”

Startups Weekly: The Peloton IPO (bull vs. bear)


This post is by Kate Clark from Venture Capital – TechCrunch


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Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the proliferation of billion-dollar companies. Before that, I noted the uptick in beverage startup rounds. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets.

Now, time for some quick notes on Peloton’s confirmed initial public offering. The fitness unicorn, which sells a high-tech exercise bike and affiliated subscription to original fitness content, confidentially filed to go public earlier this week. Unfortunately, there’s no S-1 to pore through yet; all I can do for now is speculate a bit about Peloton’s long-term potential.

What I know: 

What happens to late-stage VC if the Vision Fund goes away?


This post is by Kate Clark from Venture Capital – TechCrunch


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Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.

Good news! Kate and Alex were both back in the studio this week. And even better news, the new TechCrunch studio is big and soundproof and pretty nice, really.

But enough about all of that, let’s get into the news. First, a rapid-fire look at some recent items:

From there we turned to four material topics. First up, the Peloton IPO news.

Everyone’s favorite fitness tech company is going public. We were expecting this; Continue reading “What happens to late-stage VC if the Vision Fund goes away?”

Thumbtack is raising up to $120M on a flat valuation


This post is by Kate Clark from Venture Capital – TechCrunch


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Thumbtack, one of the first players in what is now known as the gig economy, has hit the fundraising circuit once again.

The online services marketplace that matches customers with nearby professionals is raising up to $120 million in Series H shares, according to a Delaware stock authorization filing uncovered by the Prime Unicorn Index. Thumbtack did not respond to a request for comment.

At more than 10 years old, the business has previously raised nearly $300 million in a combination of debt and equity funding. The upcoming round comes at a flat valuation to its 2015 Series G funding of $125 million, which valued Thumbtack at $1.3 billion. Scottish asset manager Baillie Gifford led that round, which increased its valuation roughly 60% from $804 million, according to PitchBook:

Thumbtack’s funding history

June 2009: $650,000 Series A | $3.3M valuation

Jan. 2012: $4.4M Series C | Continue reading “Thumbtack is raising up to $120M on a flat valuation”

Unraveling the ‘Secrets of Sand Hill Road’ and the VC thought process, with Andreessen Horowitz’s Scott Kupor


This post is by Arman Tabatabai from Venture Capital – TechCrunch


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Extra Crunch offers members the opportunity to tune into conference calls led and moderated by the TechCrunch writers you read every day. This week, TechCrunch’s Connie Loizos sat down with Scott Kupor, managing director at venture capital firm Andreessen Horowitz to dig into his new book Secrets of Sand Hill Road, discuss his advice for new founders dealing with VCs and to pick his brain on the opportunities that excite him most today.

Scott gained inspiration for Secrets of Sand Hill Road after realizing he was hearing the same questions from different entrepreneurs over his decade in venture. The book acts as an updated guide on what VCs actually do, how they think and how founders should engage with them.

Scott offers Connie his take on why, despite the influx of available information on the venture world, founders still view VC as a black box. Connie and Scott

Continue reading “Unraveling the ‘Secrets of Sand Hill Road’ and the VC thought process, with Andreessen Horowitz’s Scott Kupor”

Social Capital reincarnated


This post is by Kate Clark from Venture Capital – TechCrunch


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Nine months ago, the once high-flying venture capital fund Social Capital made the bold decision to stop accepting outside capital and operate as a family office, in essence.

The co-founder of the outfit, brazen billionaire and early Facebook executive Chamath Palihapitiya, pledged to upend his investment strategy and make fewer but much larger investments as a means to improve his returns. Naturally, a near-complete exodus of Social Capital’s venture capitalists followed.

Today, the firm’s three founders, Palihapitiya, Mamoon Hamid and Ted Maidenberg, have gone their separate ways. Palihapitiya is rewriting the Social Capital playbook, Hamid is busy reinvigorating Kleiner Perkins and Maidenberg is building on top of the data-driven strategy and proprietary software dubbed “Magic 8-Ball” he built at Social Capital, with a new firm called Tribe Capital.

Quietly, Tribe Capital’s co-founders, Maidenberg and former Social Capital partners Arjun Sethi and Jonathan Hsu, have deployed millions of dollars in Social

Continue reading “Social Capital reincarnated”

Which type of funding is actually best for your business?


This post is by Arman Tabatabai from Venture Capital – TechCrunch


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When starting a tech company, there seems to be a playbook that most entrepreneurs follow. While some may start with a bit of bootstrapping, most will dive straight into raising seed money through investors. In many cases, this is a great path. It’s a path I’ve taken twice myself, first with GroupMe, and then again with Fundera.

Ironically, though, my second venture-backed company is a business focused on helping entrepreneurs find debt financing—a process I’ve gone through only once myself. But after five years of building and scaling this business, it’s made me take a step back and consider the question of when and where debt financing might be a better option for a business than equity financing, and vice versa.

I view these financing vehicles differently now than I did half a decade ago, and think it’s time we start to think a bit wider and diversely about

Continue reading “Which type of funding is actually best for your business?”

Aaron Rodgers raises $50M for Rx3 Ventures, a consumer fund backed by influencers


This post is by Kate Clark from Venture Capital – TechCrunch


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Aaron Rodgers is an athlete, an influencer and now, a venture capitalist.

The football star, Super Bowl champion and long-time quarterback for the Green Bay Packers has teamed up with ROTH Capital Partners’ Nate Raabe and Byron Roth to launch Rx3 Ventures. Today, the trio are announcing a $50 million debut fund focused on the consumer market.

The fund is supported by influencers in the sports and entertainment market, with a goal of giving them a stake in the companies for which they are hired to be spokespeople. Influencer marketing continues to gain traction; Rx3 wants to ensure authentic, equitable relationships between brands and public figures.

“As professional athletes, we’re constantly approached with investment opportunities,” Rodgers said in a statement. “With more and more access to deal flow, it’s hard for any athlete or high-profile individual to adequately evaluate each opportunity. We are in a unique position to help drive Continue reading “Aaron Rodgers raises $50M for Rx3 Ventures, a consumer fund backed by influencers”

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”

Advice for Entrepreneurs from a Leading Venture Capitalist


This post is by HBR.org from HBR.org


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Scott Kupor, managing partner at Andreessen Horowitz, says there’s a lot about navigating the venture capital world that entrepreneurs don’t understand. Some can’t figure out how to get in the door. Others fail to deliver persuasive pitches. Many don’t know how the deals and relationships really work. Kupor outlines what he and his partners look for in founding teams and business ideas and explains how start-ups work with VCs to become successful companies. He also discusses how Silicon Valley can do a better job of finding more diverse talent and funding new types of ventures. Kupor is the author of the book “Secrets of Sand Hill Road: Venture Capital and How to Get It.”

Fitness startup Mirror nears $300M valuation with fresh funding


This post is by Kate Clark from Venture Capital – TechCrunch


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Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following.

That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment.

Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; we’ve heard a number of high-profile firms looked at Mirror’s books and passed. The company has previously raised a total of $38 million from Spark Capital, First Round Capital, Lerer

Continue reading “Fitness startup Mirror nears $300M valuation with fresh funding”

Should your company move into a co-working space, sublease space or traditional office?


This post is by Arman Tabatabai from Venture Capital – TechCrunch


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It’s a cautionary tale we hear far too often: Company A, hiring staff and growing rapidly, finalized a 10-year lease for office space. One week after move-in they had filled their space to the brim, with engineers sitting on top of sales staff, interns working in the hallways and the CEO operating out of a small conference room.

Company A had backed themselves into a corner, in desperate need for more room with no easy solution to the problem, and looking to swiftly dispose of their inadequate space.

In the startup environment, everything moves at a breakneck pace. Raising venture capital, hiring staff, assembling a board, etc. – all while working day-in and day-out to refine a product or service meant to disrupt the world. With senior staff pulled in different directions, there is little time for a strategic analysis of office space needs.

My team at Colliers specializes in

We Work Offices In Chicago

Continue reading “Should your company move into a co-working space, sublease space or traditional office?”

Startups Weekly: Will the real unicorns please stand up?


This post is by Kate Clark from Venture Capital – TechCrunch


Click here to view on the original site: Original Post




Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the sudden uptick in beverage startup rounds. Before that, I noted an alternative to venture capital fundraising called revenue-based financing. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets.

Here’s what I’ve been thinking about this week: Unicorn scarcity, or lack thereof. I’ve written about this concept before, as has my Equity co-host, Crunchbase News editor-in-chief Alex Wilhelm. I apologize if the two of us are broken records, but I think we’re equally perplexed by the pace at which companies are garnering $1 billion valuations.

Here’s the latest data, according to Crunchbase: “2018 outstripped all previous years in terms of

😲

Continue reading “Startups Weekly: Will the real unicorns please stand up?”

Driving an SUV, Perception of Risk and Learning per $


This post is by Phin Barnes from sneakerheadVC - Medium


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I have been thinking about perception of risk in the startup funding market today — and this got me thinking about SUVs…

When you drive an SUV you feel safe — it’s bigger, you sit up higher, you feel protected. But, this perception is dangerous. SUV drivers are often reported to be overconfident, tending to overestimate their vehicle’s capabilities and underestimate the risks they are taking with their driving behavior — in addition to more aggressive driving behavior, studies have observed higher rates of cell phone use and lower use of seatbelts among SUV drivers — highlighting that people do dumb things when their perception of risk is inappropriately low — and often pay the price as the risks they are actually taking play out.

As funds get bigger and encourage their partners to invest in opportunities from the very early stage to growth rounds it can’t help but change the VC’s perception of risk and their approach to investments — especially “smaller” investments

Continue reading “Driving an SUV, Perception of Risk and Learning per $”

Diving deep into Africa’s blossoming tech scene


This post is by Jake Bright from Venture Capital – TechCrunch


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Jumia may be the first startup you’ve heard of from Africa. But the e-commerce venture that recently listed on the NYSE is definitely not the first or last word in African tech.

The continent has an expansive digital innovation scene, the components of which are intersecting rapidly across Africa’s 54 countries and 1.2 billion people.

When measured by monetary values, Africa’s tech ecosystem is tiny by Shenzen or Silicon Valley standards.

But when you look at volumes and year over year expansion in VC, startup formation, and tech hubs, it’s one of the fastest growing tech markets in the world. In 2017, the continent also saw the largest global increase in internet users—20 percent.

If you’re a VC or founder in London, Bangalore, or San Francisco, you’ll likely interact with some part of Africa’s tech landscape for the first time—or more—in the near future.

That’s why TechCrunch put

Continue reading “Diving deep into Africa’s blossoming tech scene”

An insider’s look into venture with Andreessen Horowitz’s Scott Kupor


This post is by Arman Tabatabai from Venture Capital – TechCrunch


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After a decade in the peculiar world of venture capital, Andreessen Horowitz managing director Scott Kupor has seen it all when it comes to the dos and don’ts for dealing with Valley VCs and company building. In his new book Secrets of Sand Hill Road (available on June 3), Scott offers up an updated guide on what VCs actually do, how they think and how founders should engage with them.

TechCrunch’s Silicon Valley editor Connie Loizos will be sitting down with Scott for an exclusive conversation on Tuesday, June 4 at 11:00 am PT. Scott, Connie and Extra Crunch members will be digging into the key takeaways from Scott’s book, his experience in the Valley and the opportunities that excite him most today.

Tune in to join the conversation and for the opportunity to ask Scott and Connie any and all things venture.

To listen to this and all future Continue reading “An insider’s look into venture with Andreessen Horowitz’s Scott Kupor”