A former NEA partner and a former Uber exec just closed their $140 million debut VC fund

Dayna Grayson and Rachel Holt seemingly didn’t have the best timing. It was late in 2019 when the two, who met six years ago in Washington through a mutual acquaintance, decided to act on earlier conversations and start a fund together called Construct Capital. At the time, Grayson spied an o

SoftBank kills half the performance incentive for its Vision Fund execs

SoftBank reported earnings today, including the performance of its $98.6 billion Vision Fund. The numbers were enticing, given the recent exit of DoorDash, which returned billions to SoftBank and represents one of its first truly blockbuster investments out of the fund. The company has now seen 18

SoftBank and the late-stage venture capital J-curve

SoftBank had some good data to report overnight with its third-quarter earnings, which covers the last quarter of 2020 through December 31. The company's first Vision Fund reported large gains driven by DoorDash, where the company's $680 million investment blew up to just shy of $9 billion

Launching Panoramic Ventures, Atlanta’s BIP Capital adds a new partner and plans $300 million new VC fund

Atlanta-based BIP Capital has a new name for its venture capital operations (Panoramic Ventures); a new partner (Paul Judge); and is launching a $300 million new fund in its bid to plant a flag as the premier venture fund among the rising startup cities across the country. Miami may have grabbed he

Two new efforts could widen the pool of people investing directly in venture funds

Venture funds have historically counted on several types of limited partners — or LPs — for their own investing capital. One of these groups is institutional investors — think pension funds, university endowments, hospital systems and the like. Another is corporations. A third buc

The Founder Institute’s VC Lab is a free training program for budding venture capitalists

The Founder Institute isn’t just trying to help entrepreneurs launch new startups — with its new VC Lab, the accelerator says it’s also hoping to fuel the launch of 1,000 new venture capital funds. FI co-founder Jonathan Greechan described this as an attempt to bring more “align

Lightspeed’s Gaurav Gupta and Grafana’s Raj Dutt discuss pitch decks, pricing and how to nail the narrative

Before he was a partner at Lightspeed Venture Partners, Gaurav Gupta had his eye on Grafana Labs, the company that supports open-source analytics platform Grafana. But Raj Dutt, Grafana’s co-founder and CEO, played hard to get. This week on Extra Crunch Live, the duo explained how they came t

This insurtech alleges its venture backer founded and funded a copycat: a founder’s ‘nightmare’

Relationships can be messy, including between startup founders and their venture investors. But in a case that takes messy to an extreme, an insurtech company in Santa Monica, California called Sure is alleging that its Series A investor used privileged information to launch a very similar, New Yor

General Catalyst pushes farther into Europe/Israel, hiring Chris Bischoff for London office

Until now General Catalyst has been better known as a U.S. VC that makes occasional forays into European territory. But that changes with the news today that Chris Bischoff, an experienced London-based investor, joins as managing director of its new London office. Bischoff brings with him an extens

Social platform veteran Sriram Krishnan is Andreessen Horowitz’s latest general partner

Today, Andreessen Horowitz founder Marc Andreessen announced that social media product veteran Sriram Krishnan will be joining the firm as their latest general partner. Krishnan, whose previous roles include stints at Snap, Facebook and Twitter, has gained a higher profile in recent weeks from his

Kindred Ventures just closed its second fund with $100 million in capital commitments

Two years after launching its $56 million debut fund, Kindred Ventures, a San Francisco-based pre-seed and seed-stage venture fund founded by Steve Jang and Kanyi Maqubela, has closed its second fund with $100 million in capital commitments. Jang is himself a founder who later jumped into investing

Talent and capital are shifting cybersecurity investors’ focus away from Silicon Valley

Just when we thought things couldn't get worse in 2020, we received the news on the SolarWinds hack and its impact on more than 18,000 businesses and potentially dozens of U.S. government agencies — including the departments of Commerce, Energy and Treasury. We're just beginning to und

Tercera launches with $225M to fund cloud consulting firms

As we move deeper into a cloud-centric world, everything was supposed to get easier, but in truth there’s a lot of moving parts, and companies need help getting everything to work. This takes people with a particular set of skills to help clients with tasks like integrations, managing hybrid

TCV closes record $4B fund to invest in e-commerce, fintech, edtech, travel and more

The pandemic has spelled economic setbacks for many people and industries, but the capital swirling about the technology world continues to roar along. In the latest development, TCV — the storied venture capital firm behind the likes of Airbnb, Spotify, Peloton and Facebook — has close