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Venture Capital News
TechCrunch
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VC firm NFX laid off 4 employees and plans to hire more investors
- Venture capital firm NFX laid off four employees in September as part of a resource rebalancing strategy.
- The layoffs included one product leader and three engineers, while the investment team remained unaffected.
- NFX plans to hire new individuals for the investment team in San Francisco and Israel.
- NFX, founded in 2017, invests in pre-seed and seed-stage companies and has raised nearly $1 billion across its funds.
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Medium
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5 Steps To Writing Effective PPMs & Venture Capital Proposals
- Step 3: Identify the risks your organization poses to potential investors and provide solutions to mitigate them.
- Step 4: Describe your organization's leadership philosophy, company culture, and the expertise of each member of your leadership team.
- Step 5: Outline your organization's short-term and long-term financial goals, including revenue, expenses, and sales.
- Toy Bird Positive Impact Funding offers grant writing and financial consulting services to businesses with a vision for positive societal or environmental impact.
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Medium
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Announcing our investment in Wavy: Pioneering CultureOS for Distributed Teams
- Wavy, a CultureOS platform for distributed teams, has secured investment from a venture capital firm.
- The founders of Wavy, Shawn Hewat and Neshay Ahmed, aim to empower companies to build highly connected teams and vibrant cultures, regardless of employee location.
- The initial target market for Wavy is team building for distributed tech and services companies with up to 5,000 employees, representing a significant $5.5 billion opportunity in North America.
- Wavy's CultureOS helps automate event management, cultivates a consistent culture of feedback, and provides visibility into engagement trends.
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Medium
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Last Week in ConTech — 7 October 2024
- Supply ChainLatii, a New York startup, raised $6.7m in funding for their supply chain platform for sourcing building materials using efficient manufacturing strategies.
- GeoPura, a UK startup, secured £22m in debt funding for their zero emission power solutions that replace diesel generators with clean hydrogen-based power systems.
- WaterFIDO AI, a UK startup, received undisclosed Series B funding led by CRH Ventures for their AI-based asset maintenance solution for utilities, specifically detecting leaks in water pipeline networks.
- Pluvion, a German startup, raised €1m in Pre-seed funding for their sewer network monitoring solution that detects water infiltration.
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Medium
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When the Spotlight Fades, PR Keeps the Lights On: The Power of Public Relations for Brands
- Public Relations (PR) is an essential aspect of brand-building that sustains momentum and turns attention into trust, credibility, and long-term success.
- While advertising creates initial buzz, PR maintains attention and converts it into lasting brand loyalty.
- PR builds trust, turns customers into advocates, and keeps brands relevant in a competitive marketplace.
- Advertising and PR work best together, with advertising grabbing attention and PR ensuring that notice turns into respect and loyalty.
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StartupDaily
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Westpac & CEFC underpin new $200 million climate tech VC fund
- Specialist climate tech investor Virescent Ventures has reached the $100 million first close of its second climate technology investment fund (Fund II), with backing from Westpac and the Clean Energy Finance Corporation (CEFC).
- Virescent Ventures' Fund II will focus on strategic investments in net zero startups addressing issues such as clean energy transition, decarbonizing transport, sustainable agriculture, and the circular economy.
- Virescent Ventures' previous investments from the CEFC's Innovation Fund include green hydrogen startup Hysata, textiles dyeing climate tech startup Xefco, batteries recycler Renewable Metals, and soil decarbonization agtech Loam Bio.
- The support of Westpac, the CEFC, and over 50 investors reflects confidence in Virescent's approach and track record, as well as the potential for Australia to be a world leader in climate technology.
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Medium
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Joyce Shen’s picks: musings and readings in AI/ML, October 7, 2024
- Wispr, a voice dictation technology company, raises $12m in financing.
- Desia, an AI tools startup for financial services professionals, raises $3.3M in pre-seed financing.
- Loti, an AI startup combating fraud on social media, raises $6.65m in seed financing.
- Artisan, a sales software startup utilizing AI-driven virtual employees, raises $11.5m in seed financing.
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Medium
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Breaking Into Venture Capital: A Complete Guide for Newcomers
- Newcomers to venture capital often begin their journey through specialized courses in MBA or Master's programs.
- Internships provide hands-on experience and a chance to understand the day-to-day operations of a VC firm.
- There are various roles to consider in venture capital, beyond just 'Investment Associates.'
- Venture capital is a dynamic industry that requires continuous learning, skill development, and relationship building.
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Medium
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The Psychological Traits That Make Founders Successful: How Personality Shapes the Future of…
- Growth metrics are crucial in the startup world, but numbers alone cannot tell the whole story, as the founder's personality often gets overlooked.
- The study has revealed that the personality traits of founders significantly impact startup success measured by the Big Five personality framework.
- Having diverse personalities in the founding team is critical, leading to resilience, adaptability, and effective pivoting.
- The Diamond Diagram approach evaluates team members' personality traits and their synergy, which contributes to an effective startup ecosystem.
- Personality diversity ensures innovation, adaptability, and multiple perspectives to pivot effectively and navigate challenges.
- The unicorn's key metrics are revenue growth rate, CAC, LTV of customers, burn rate, and Runway, market size, scalability and network effects.
- The Diamond Diagram factors in factors such as vision, adaptability, technical expertise, leadership, market understanding and execution to understand startup success.
- Vision, discipline, creativity, and resilience all balance to include the most successful founding team.
- By using both traditional growth metrics alongside the Diamond Diagram and AI-powered personality analysis, investors can enhance their chances of supporting the next unicorn.
- Personality traits such as openness to adventure, low levels of modesty, high energy levels and emotional stability align with a founder's need to explore and succeed in the uncertain early years of a startup.
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Medium
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How Venture Capital Firms Utilize Competely.ai for Investment Decisions
- Competely.ai provides detailed competitor analysis, allowing VC firms to understand market positioning and evaluate barriers to entry.
- The customizable analysis helps VCs assess startups within a competitive landscape and make confident investment decisions.
- Competely.ai offers robust tools to compare startups' products with competitors, verifying claims and identifying genuine innovation.
- Through comprehensive reports and data-driven analysis, Competely.ai supports VCs in due diligence and uncovering hidden opportunities.
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Saastr
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Most Great VP of Sales Were Fired Once In Their Career
- Most of the best VP of Sales have been fired once.
- Being fired once can motivate and drive them to succeed.
- It is important to evaluate their overall track record and not judge solely based on one termination.
- Consistently being fired may indicate a mediocre VP of Sales.
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Medium
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$999 For Fee. Using This Simple Promo Code! Here’s How You Can Too!
- sefnac.com offers a casino promo code "999UP" that gives users a $999 bonus.
- sefnac.com has a wide range of games including slots and table games.
- The platform is safe, reliable, and easy to use.
- To avail the bonus, users need to enter the promo code "999UP" on sefnac.com.
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Medium
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Why we are building capture.energy: UK’s cheapest electricity, enabled by batteries
- Capture.energy offers packages with solar panels + batteries and battery-only setup. The software technical partner's were using didn’t even account for such a case. When the software was at around 13 years, the payback on Solar PV was consistent with our installers’ projections. A battery-only project showed a much shorter payback period of only 7 years. There are two major reasons for this. The value of storage is increasing while the value of power production is decreasing and the cost of solar installations has started to level off, battery prices are still dropping at an impressive rate. A typical grid-scale battery system in the UK has been returning between £40,000 and £60,000 per megawatt (MW) of capacity in 2023. Bundled into a virtual power plant, decentral systems can create most of the same revenue streams a grid-scale battery asset can.
- Decentralized systems are about 50% more expensive, at about £900,000 / MW / year, based on the £4,500 we charge for a fully installed 10kWh battery with a 5kW inverter. It can also access so-called local flexibility markets. When using a battery for power arbitrage, decentral batteries can significantly benefit from “co-location”. A typical household could cut its electricity bills in half simply by installing a battery, yet few households or businesses are doing it. Batteries are marketed purely as hardware, and the true value driver, the software running them, is often neglected. We aim to break down these barriers through capture.energy: the UK’s cheapest electricity, enabled by (smart) batteries.
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Insider
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How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice
- Sri Pangulur started his own syndicate while working as a sales executive in Silicon Valley.
- Last year, he joined Mayfield to co-lead its Select/Spring Fund, targeting new Series B investments.
- He invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps.
- Pangulur met Mayfield Fund managing partner Navin Chaddha through investing and officially joined Mayfield as a partner in 2020.
- At Tribe, Pangulur built out the firm's software investing practice and led six deals.
- Mayfield first raised a $125 million Spring fund in 2016 to invest in its breakout portfolio companies for follow-on investments.
- Last year, Mayfield raised a Select III/Spring Fund of $375 million, aiming to focus the vast majority of its investments on new outside opportunities.
- Pangulur was brought in to co-lead the firm's Select/Spring fund with Chaddha.
- Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge.
- Pangulur wants Mayfield to be one of the first calls that founders make when they're between being at inception early-stage and finding early elements of product-market fit and go-to-market repeatability.
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Medium
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Mission Zero Technologies Secures £21.8M Series A Funding for Groundbreaking DAC Solutions
- Wobble Genomics secures £21.8M Series A funding for its groundbreaking RNA sequencing technology.
- The funding round, led by Mercia Ventures and BGF, reflects investor confidence in Wobble Genomics' vision.
- Wobble Genomics aims to unlock the full potential of RNA sequencing and provide deeper insights into cellular mechanisms and biotechnology.
- The company's unique approach allows for long-read sequencing, overcoming challenges in detecting 'full length' RNA molecules.
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