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Venture Capital News
Medium
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Whiteout: The Struggle Against a Non-Economy System
- Millions around the globe exist in a state of economic disenfranchisement due to systemic inequality, favoritism towards the wealthy, and lack of access to opportunities.
- Consequences of a non-economy system include poverty, inequality, loss of identity, and civic disengagement.
- Pathways to inclusion involve education, policy advocacy, social entrepreneurship, and technology and innovation.
- Collective efforts are needed to restore visibility and vitality for those living in economic disenfranchisement.
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Saastr
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Dear SaaStr: What Was the Moment You Knew You Had to Break Up With Your Co-founder?
- Founder conflict is unfortunately pretty common, and it often stems from asymmetric commitment.
- The author shares their personal experience of encountering this conflict twice in their entrepreneurial journey.
- The breaking point for them was when their co-founders failed to show up for a critical meeting without any prior notice or communication.
- The author concludes that when a co-founder's commitment drops below a certain threshold, it becomes irreparable and it's time to move on.
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Medium
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Venture capital Vann was taken to bed sick
- Venture capital Vann was taken to bed sick.
- Availability serves the passenger who purchased all luggage or freebies. It doesn’t make sense when we share small things with computers.
- Wordless communication looking for a cart passing through Porto Numa that never had Manaeta.
- Chega of presentation or friendly launch but the heat made me want to return to the threshing floor.
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VC Cafe
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Weekly #FIRGUN Newsletter – September 20 2024
- The #Firgun newsletter highlights the accomplishments of Israeli startups, such as Playtika acquiring Israeli gaming company SuperPlay for $700M and Israeli startups delivering over $12 billion in exits in the first 9 months of 2024.
- OpenAI is on course to raise $7 billion at $150 billion valuation, while Microsoft and BlackRock are teaming up for a new $100 billion AI infrastructure fund.
- Other global tech news includes Apple shipping the new iPhone 16, Snap Inc. releasing new AR glasses, and YouTube offering creators access to new AI video models created by Google DeepMind.
- In Israeli news, Cybersecurity firm Intezer raises $33M in series C funding, Cherre raises $30M for real estate data analytics and management platform, and Payouts.com raises $8M to automatically manage payments and vendor relationships.
- Israeli gaming company SuperPlay was acquired by Playtika for $700M, and UNICAMEL, a new $10M venture fund focused on early stage Israeli startups, was launched by Gilli Cegla.
- Silicon Valley Bank's State of the Markets Report notes that nearly 30% of US unicorns are unprofitable, and Deloitte’s Q3 2024 State of GenAI in Enterprise Report reveals that ROI from Generative AI is a rising concern.
- The EU has a competitive problem and faces a shrinking share of the global economy.
- The #Firgun newsletter has crossed 5,500 subscribers.
- Daniel Barel's REE Automotive secures a strategic investment of $45M to scale new electric delivery vehicle platform.
- Cybord raises an $8.7M series A funding for their visual analytics platform focused on the electronic component manufacturing process.
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Medium
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Venture #4: Effectively organize and manage your fund service providers
- Legal Counsel: Hiring lawyers from multiple jurisdictions is important for setting up fund structure and drafting key documents.
- Fund Administrators: Choose administrators carefully and establish clear communication processes for smooth daily operations.
- Accountants: Consider external accountants if the fund administrator doesn't handle quarterly accounting.
- Auditors: Schedule pre-year-end meetings to streamline the annual audit process.
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TechCrunch
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M&As and AI are in the spotlight, but there’s still capital left for quick commerce and more
- AI news was abundant this week, with various M&As and new launches taking place.
- Typeface, a generative AI unicorn, acquired Treat and Narrato to expand its enterprise offering.
- Workday purchased AI-powered contract management platform Evisort.
- IBM acquired Kubecost, a startup focused on Kubernetes cost optimization.
- SocialAI, a social network filled with bots, was recently launched.
- Flink, a quick commerce app, raised $150 million including $115 million in equity.
- Intezer raised $33 million to assist security teams in handling alerts using AI.
- GreenLite raised $28.5 million to simplify construction permitting.
- EasyDMARC raised $20 million to simplify email security and authentication.
- Salesforce Ventures announced the doubling of its AI fund to $1 billion.
- Insights Partners is close to raising a $10 billion fund for its 13th fund.
- Era Ventures secured $88 million for its first fund to invest in proptech startups.
- J.P. Morgan's Head of Startup Banking discussed creating a unicorn in 2024.
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Medium
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Howbout Calendar secures $8M In Series A Funding, Expanding its Social Time-Sharing Network
- Howbout offers a variety of features aimed at making social planning more seamless.
- The app includes functionalities such as scheduling events, inviting people via a link, and setting up different groups for recurring hangouts.
- Each event scheduled on Howbout automatically generates a group chat for easy planning, so users don’t need to create temporary groups on other platforms like WhatsApp.
- With more than 4 million monthly active users and over 50 million events created, Howbout has already seen considerable success.
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20VC
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Phil Carter: The 7 Core Levers to Win at Consumer Subscription
- Phil Carter is a growth advisor and angel investor who helps consumer subscription businesses define their growth strategy.
- The Seven Core Levers to Win at Consumer Subscription include optimizing subscription pricing and packaging, delivering immediate value through new user onboarding, boosting paid marketing efficiency through desktop web flows, optimizing paywall visibility and conversion, distinguishing and emphasizing premium value propositions, leveraging motivation tactics, and utilizing strategic discounts and promotions.
- Key considerations for subscription pricing and packaging include deciding between single vs multiple subscription tiers, determining subscription duration (monthly, weekly, or annually) and revisiting pricing regularly. Common mistakes in pricing and packaging include lack of experimentation and not aligning with customer value.
- User onboarding should focus on delivering value quickly, avoiding long surveys, and addressing common mistakes such as overwhelming the user with information.
- Investing in desktop web flows can enhance paid marketing efficiency. Key tactics include optimizing desktop workflows and leveraging conversion rate optimization techniques.
- Paywall visibility and conversion optimization involve strategies such as determining the right paywall view rate, choosing effective trigger points for paywalls, and refining paywall design. Mistakes to avoid include implementing a hard paywall without first demonstrating consumer value.
- Emphasizing premium value propositions can be achieved through effective differentiation and highlighting unique features. Examples of companies doing this well can provide valuable lessons.
- Motivation tactics like stats, streaks, badges, leaderboards, and notifications can enhance user engagement, but careful attention should be given to avoid overwhelming users with excessive notifications. It is also important to adapt tactics that may have become less effective over time.
- Strategic discounts and promotions can be effective in attracting and retaining subscribers. It is essential to use discounting methods wisely and avoid common mistakes such as excessive discounting. Studying companies that excel in this area can offer valuable insights.
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Insider
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Schematic wants to outsource billing software with a few lines of code. Here's the pitch deck it used to raise $4.8 million.
- Schematic, a startup that develops software to help companies manage pricing and billing, has raised $4.8 million in seed funding.
- Founded in 2023, Schematic provides embeddable software tools for businesses, allowing them to add pre-made components to their website or app.
- The funding will be used to expand the team and target startup customers.
- Schematic aims to reduce friction in payments and billing by offering features like usage-based tracking, metering, and feature access control.
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Alleywatch
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Cherre Raises $30M to Power the Real Estate Industry’s Data Revolution
- Cherre has raised $30m in its series C funding round. The funds will be used to expand the platform and services that provide users with greater direct control of their data. Cherre’s platform allows businesses to unify data silos across an entire organisation for more efficient and effective data mining. Its solutions include the integration of data pipelines, data remediation, interoperability and using collected data in custom models, applications, analysis, and reporting.
- The Manhattan-based company has secured $105m in funding to date. The latest round was led by HighSage Ventures, with participation also from Nuveen Real Estate, RXR Realty, TA Realty, Trustbridge Partners, Glilot Capital Partners, Intel Capital, and Carthona Capital.
- Cherre aims to connect all real estate data, and in doing so simplify the management process and help businesses make more informed decisions. Cherre CEO and co-founder L.D. Salmanson said that the platform’s agility and focus has enabled the company to scale double digit revenue growth.
- Cherre has a flexible subscription-based SaaS model and targets the large real estate enterprises as well as mid-market firms.
- The New York-based firm’s platform offers clients transparency and control over their data pipelines and transformations. Real-time observability, validation, and error remediation tools are available, ensuring improved data quality and accuracy over time. Cherre’s ecosystem of industry data providers, applications, and solution and service providers delivers a full ecosystem for clients' data needs.
- Over the next six months, Cherre plans to innovate on its platform UI, increase its observability and validation features, and explore new data intelligence and AI capabilities to enable its clients to utilise actionable data insights.
- Cherre's success reflects a revolution in real estate, where data gives richer insights into asset price, trends and possible unseen opportunities by most players across that market.
- Cherre prepares for the future and economic uncertainty by prioritising high-margin growth, which has maintained investor interest and enabled the company to grow throughout the ups and downs of capital and real estate markets.
- Cherre was founded in 2016 with the goal of simplifying the real estate data management process. Cherre’s platform brings together different data silos to help firms make more informed decisions.
- The real estate data management and intelligence platform Cherre sets itself apart by allowing businesses greater control over their data to make more informed decisions. Instead of using traditional data management platforms, Cherre's platform offers real-time validation and error remediation, providing businesses with greater accuracy when using the collected data across different systems.
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Saastr
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Hiring a Great VP of Sales: The New, Latest Edition with Jason Lemkin (Video + Pod)
- 70% of first hires for VP of Sales positions don't succeed based on surveys done by SaaStr's CEO and Founder, Jason Lemkin. Reflecting on twelve years of SaaStr’s hiring lessons, we’ll look at Jason’s critical insights into why sales leaders fail and how founders can avoid these mistakes. The discussion will cover the importance of spending time in sales after hiring a VP, avoiding jaded or broken candidates, hiring a VP of sales who is an expert on product, and not waiting too long before you hire your first Head of Sales.
- Other things founders should avoid include, reverting to founder-led sales mode, hiring a VP of Sales that refuses to do sales themselves, hiring someone who isn't a product expert, or someone you don't believe in. You should also avoid expecting a VP of Sales to handle the full stack of responsibilities, hiring a VP of Sales who can't hire/train other sales reps.
- Founders should always avoid a VP of Sales mishire as this can lead to sales going down and set the team back for a year. Additionally, hiring someone who is considered a stretch is recommended and it is also important to always look for someone who is ambitious enough to work sales.
- Founders should not take an investment firm's word for granted when looking for a VP of Sales. Finally, it is important to understand that the perfect VP of Sales is out there as long as you continue looking.
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Medium
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BlackRock’s BUIDL Fund Takes DeFi by Storm: A Deep Dive into the Injective Listing
- The listing of the BUIDL Fund on Injective is a significant milestone in the convergence between TradFi and DeFi.
- Injective's powerful infrastructure and commitment to innovation position it well to shape the future of finance.
- BlackRock's BUIDL Fund listing demonstrates the growing acceptance of blockchain technology by traditional financial institutions.
- The growth of DeFi holds potential to revolutionize investment and financial management.
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Eu-Startups
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EU-Startups Podcast | Episode 87: AI Innovator Spotlight (Special Edition)
- The AI Innovator Spotlight session, part of the Innovation Radar Bridge project, featured as a special episode of the EU-Startups Podcast.
- Six AI startups presented their innovative technologies and received feedback from venture capital investors.
- Highlighted innovations included redefining TV production, addressing medication errors in healthcare, innovating in credit scoring, streamlining GPU resource access, integrating AI responsibly, and providing a digital health solution for managing low back pain.
- Startups were recommended to claim their profile on Discover.Dealflow.eu for increased visibility and investor connections.
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Medium
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365
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LocationMind completes second close of Series B, raising a total of JPY 3.17bn
- LocationMind completes second close of Series B, raising a total of JPY 3.17bn.
- The company raised 1.37 billion yen, consisting of approximately 930 million yen in equity and approximately 450 million yen in debt.
- LocationMind aims to become the world’s largest location information bank and develops two businesses: AI and space related to location information.
- In the AI business, LocationMind handles global location information big data and provides advanced analysis on a global scale.
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Medium
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The Secret Sauce of Venture Capital: Lightspeed’s Playbook & How to Get In on the Game
- Venture capital firms must have a strong business plan and sector expertise to be successful.
- Lightspeed Venture Partners focuses on high growth sectors like AI and cybersecurity.
- Lightspeed’s pitch deck showcases real results, not just big promises.
- Lightspeed’s financial forecasts are based on sustained growth in later funding rounds.
- Lightspeed identifies potential high-growth startups based on industry expertise, founders’ vision, and future market analysis.
- Lightspeed believes in profiling startups that have potential to scale and founders who are relentless.
- Mapping the investor landscape is crucial for building a solid VC fund and creating a network of partners to support startups.
- Testing unique value proposition resonates with customers is critical to stand out in competitive markets.
- Lightspeed invests in trending technologies like AI, blockchain, and cybersecurity.
- User experience research is essential to create a movement and sell a product.
- Beta testing is key to fine-tune the product and avoid costly mistakes.
- Regulatory compliance and risk assessment are necessary, especially in sectors like fintech and healthcare.
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