What minority founders must consider before entering the venture-backed startup ecosystem
Funding for Black entrepreneurs in the U.S. hit nearly $1.8 billion in the first half of 2021 — a fourfold increase from the previous year. But most venture-backed startups are “still overwhelmingly white, male, Ivy-League-educated and based in Silicon Valley,” according to a study conducted
What's happening in venture law in 2021?
The venture world is growing faster than ever, with more funding rounds, bigger funding rounds and higher valuations than at pretty much any point in history. That's led to an exponential growth in the number of unicorns walking around and has also forced regulators and venture law researchers
The legal world needs to shed its ‘unicorniphobia’
Once upon a time, a successful startup that reached a certain maturity would “go public” — selling securities to ordinary investors, perhaps listing on a national stock exchange and taking on the privileges and obligations of a “public company” under federal securities regulations.
Times
Iceland’s Crowberry Capital launches $90M seed and early-stage fund aimed at Nordics
Crowberry Capital, operating in Reykjavik and Copenhagen, has launched Crowberry II: a $90 million seed and early-stage fund aimed at startups in the Nordic region. A second close — bringing in an additional $40 million — is planned for July 2022.
The EIF (European Investment Fund) is t
Startup insurance provider Vouch raises $90M, now valued at $550M
Vouch, a provider of business insurance to startups and high-growth companies, announced today it has raised $90 million in new funding.
The $90 million figure was raised across two rounds: a $60 million Series C co-led by SVB Capital (a subsidiary of Silicon Valley Bank) and Ribbit Capital that va
With an Apple Store designer as a co-founder, Juno raises $20M to build apartments more sustainably
Juno, a proptech startup that aims to build more sustainable and affordable apartment buildings, has raised $20 million in a Series A funding round.
Comcast Ventures, Khosla Ventures and Real Estate Technology (RET) Ventures co-led the financing, which brings the company's total raised to $32 m
Sequoia’s Pat Grady says it isn’t clear startups ‘should be accelerating’ right now — here’s why
Earlier today, we joined friend and former colleague Jon Fortt of CNBC in interviewing partner Pat Grady of Sequoia Capital, and it proved a wide-ranging conversation. You can check out the video below, but we thought there were some highlights worth pulling out for some of you, including as it per
Former head of Mint raises $4.5M for Lean to give gig workers access to financial products
Gig and independent workers have different needs than salaried employees when it comes to financial products.
It's a challenge that Tilak Joshi, founder of Lean, became acutely aware of during his tenure as head of Mint and years as a product exec at American Express and PayPal.
Addi raises $75M to advance ‘buy now, pay later’ in LatAm, nearly triples valuation
Buy now, pay later is officially everywhere, and Latin America is no exception.
Today, one startup in the region, Addi, is announcing a $75 million extension to its Series B, bringing the total round size to $140 million. In late May, the startup announced it had raised $35 million in an equity rou
Extra Crunch roundup: Options pool rules, voice tech hurdles, keeping employees engaged
“In today’s cash-rich environment, options are more valuable than cash,” says Allen Miller, a principal at Oak HC/FT. “In turn, managing your option pool may be the most effective action you can take to ensure you can recruit and retain talent.”
In an article squarely
The next Theranos should be shortable
A jury will soon decide whether former Theranos CEO Elizabeth Holmes is guilty of a federal crime. But the deeper public policy questions that Theranos raised remain unanswered. How did a startup built on a technology that never worked grow to a valuation of $9 billion? How was the company able to
Talking shop with Twitter’s recent head of corp dev — and now VC — Seksom Suriyapa
Seksom Suriyapa was seemingly destined to land at a venture firm. A Stanford Law graduate, he worked at two blue-chip investment banks before joining the cybersecurity company McAfee as a senior corp dev employee, later logging six years at the human resources software company SuccessFactors and, i
Extra Crunch roundup: Cohort analysis, YC Demo Day recaps, building your supply chain
The ongoing fintech revolution continues to level the playing field where legacy companies have historically dominated startups.
To compete with retail banks, many newcomers are offering customers credit and debit cards; developer-friendly APIs make issuance relatively easy, and tools for managing
For VCs, the game right now is musical chairs
In many ways, there has never been a better time to be a venture capitalist. Nearly everyone in the industry is raking in money, either through long-awaited exits or because more capital flooding into the industry has meant more money in management fees — and sometimes both.
Still, a growin