VC distributions are down 90% in Q1, says Industry Ventures, an LP in 450 funds

If you're trying to get a pulse on what's happening in the venture market right now, you could do worse than talk with Hans Swildens, founder of the 22-year-old investment firm Industry Ventures. Industry Ventures is now managing $5 billion in assets – nearly $1 billion of it raised last

Grain lands $16M led by Tiger Global to turn virtual meetings into ‘libraries’

Grain, a four-year-old, fully remote startup that’s finding increasingly elaborate ways to capture video snippets of online meetings to make important moments easy to share, search and save, has raised $16 million in Series A funding led by Tiger Global Management. Other backers in the round

Mayfield's Arvind Gupta discusses startup fundraising during a downturn

Between his roles as co-leader of Mayfield Fund’s engineering biology practice and founder at IndieBio, Arvind Gupta reviewed approximately 470 startup pitches last year. He characterizes his process as “simple,” but that is a bit reductive: after reviewing a deck and scheduling a meeting

Daily Crunch: After 16 months on the job, Better.com CTO Diane Yu steps down

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Friday, April 8, 2022! Today, Haje has mostly been reading the most recent IPCC report and gobbling anti-anxiety meds by the fistfu

Daily Crunch: Tata Group releases 'super app' that bundles 11 consumer services

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Thursday, April 7, 2022! We want to kick us off with a quick congratulations to FabuLinga for winning the pitch-off at the TechCrun

Stop trying to raise a debut venture fund — go for the SPV instead

You have social capital in your industry and access to hot startups. You know top investors. You're smart, have hustle, know what it takes. It's almost inevitable, and maybe even your destiny: You are going to be a VC. And so you ask the VCs you know: How do I raise my first fund? You ask m

Lead Edge Capital just closed its newest fund with an astonishing $2 billion (nearly)

It used to take a while to amass $5 billion in assets under management. Not so for Lead Edge Capital, a 12-year-old California- and New York-based growth-equity firm that just surpassed that amount, closing its sixth and newest fund with a whopping $1.95 billion in capital commitments from roughly

Daily Crunch: Citing ‘uncertain mortgage market,’ Better.com rolls out employee buyout plan

To get a roundup of technewss's biggest and most important stories delivered to your inbox every day at 3 p.m. PT, subscribe here. Welcome to the Daily Crunch for Wednesday, April 6, 2022! Today, Pinterest announced it was banning all climate change misinformation on its platform, and can we j

Axie Infinity creator raises $150M round to compensate victims of ~$625M Ronin hack

Vietnamese gaming studio Sky Mavis announced that it has raised $150 million in funding led by crypto exchange Binance to help reimburse users who lost funds during a ~$625 million hack of its play-to-earn game Axie Infinity, which was the largest crypto heist to date. Animoca Brands, a16z, Dialect

Billionaire investor Jim Breyer left Silicon Valley for Austin in early 2020; here’s why he loves it

It’s hard to get Jim Breyer to say a critical word, publicly, about anything, so it’s no surprise that, when asked why he moved to Austin from his longtime headquarters in Silicon Valley two years ago, he spends some time talking first about the Bay Area and its many advantages, includi

Base10 Partners closes fund three with $460M to invest globally: ‘The cat is out of the bag’

Base10, a venture firm founded only four years ago, just closed its third fund with $460 million in capital commitments. Because co-founder Ade Ajao — originally from Spain — is half Nigerian, the new fund makes Base10 — which now has $1.3 billion in assets under management —

Lightning Labs raises funding to enable stablecoin transfers through Bitcoin network

Lightning Labs is building infrastructure that would enable users to send money across the world almost instantaneously and at a low cost through the Bitcoin network. The company just raised funding to support a protocol it has built called Taro, which would allow stablecoins to be transferred on B

Starlight shoots for the moon, aiming to build the Brex of crypto

Companies are scrambling to participate in the crypto ecosystem, but many of the tools available for them to use are disjointed and not user-friendly, especially for those new to web3. New York-based Starlight aims to simplify the process for onboarding companies into crypto. Its product allows com

The biggest VC firms are managing a lot more moolah than you thought

Holy smokes. That’s been the collective reaction around these parts after reading a new post by business journalist Eric Newcomer, who smartly took the time to review filings for his newsletter, Newcomer, that reveal how much money some of biggest brands in venture capital are currently manag