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2021 saw phenomenal returns for our industry and it topped off more than a decade of unprecedented VC growth. Since 2021, Upfront returned more than $600 million to LPs and returned more than $1 billion since 2018. What do you do with a $650 million platform?
We spoke with several entrepreneurs and thought leaders about their own business goals for 2021, in the hopes of inspiring fellow entrepreneurs to move forward with actionable goals for the year: Deliver experiences, not just products. – Chris Vaughn, founder and CEO of Saucey. Benjamin Smith, founder of Disco Skincare for Men.
From varying sources, it is estimated up to $2 billion went into African tech startups in 2019. African startups nearly raised $1.5 Entering 2021, the bullishness of African tech stakeholders returned — and why not? Predictions were made on how much the continent’s startups would raise in December. billion and $2.8
Advice for non-technical founders for finding a serious CTO for your startup Finding a co-founder is hard work. Finding a technical co-founder is even harder. Yet, the benefits of having a technical co-founder make it all worthwhile. A good co-founder will serve as a powerful force multiplier.
Each of these represents a significant governmental effort to strengthen American competitiveness by affirming the idea that cities can be renewed and rise again if they develop a vibrant startup culture. Post-AOL, I dedicated myself to backing and supporting the next generation of entrepreneurs as Founder, Chairman, and CEO of Revolution.
million pre-A funding round, the FinTech startup aims to expand its regional footprint while laying the groundwork for future global growth. Notably, the round saw participation from Jason Gardner, founder and former CEO of Marqeta, who made this investment his first in the MEA region. With its just closed $5.2
Sesie Bonsi is the founder and CEO of Bleu , a financial technology platform focused on enabling touchless payment experiences. billion in the first half of 2021 — a fourfold increase from the previous year. But what about those minority founders who don’t have family, friends or connections to lean on for the first $250,000?
We are excited to announce our 2021 Spring Outreach Tour. On this tour, our goal is to meet founders and future founders, introduce them to the YC community, and share our learnings from helping thousands of startups launch and grow. If you are starting a startup or have questions about YC, we want to meet you.
When we penned the intro for this piece last year , little did we know that — in many ways — we’d still be deep in it by the time 2021’s feature rolled around. 2021 also largely lacked the kind of blockbuster crashes we saw last year, courtesy of names like Quibi and Essential. Abundant Robotics (2016-2021).
Chroma , a startup working to build a new type of audiovisual entertainment specifically for mobile devices, is now adding a Twitter co-founder to its board. However, in 2013, Stone and the others shifted their focus to individual startups. ” Founded in 2021, Stockholm-based Chroma last year raised $5.4 Chroma did.
Admissions Associate : Twice a year, Y Combinator receives tens of thousands of applications from promising startups all around the world. This is a unique opportunity for somebody who loves data and startups to help us build definitive points of view to guide investment decisions. Find out more about the open roles here. ADMISSIONS.
A well-known entrepreneur turned VC, who will go unnamed because I am not sure he would want me to share this conversation publicly, once told me “if you remove a founder, you must sell the company within a couple of years or it will start to decline in value.” Some founders are this rare breed of visionaries who can operate too.
Early in the pandemic, we were all deluged with stories of tech workers, companies, and founders leaving Silicon Valley for Miami and Austin. I met with a founder last week who has left the bay area for good and now splits his time between homes in LA and NYC. — Sam Altman (@sama) September 26, 2021. And that was true.
The companies in this list are sorted by valuation as of January 2021, including YC companies that have been acquired or gone public. That said, it’s the most commonly available metric to compare companies in the startup world. To see a full list of YC companies, go to the YC Startup Directory. 1 Why do we use valuation?
I’ve written a bunch about the globalization of the startup economy. But until very recently, raising capital for your startup was significantly easier if it was located in the major startup hubs, most notably Silicon Valley. We won’t know how this move to invest globally will impact returns and founder success.
At our mid-year offsite our partnership at Upfront Ventures was discussing what the future of venture capital and the startup ecosystem looked like. Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? What is a VC To Do? super size or super focus.
2021: The Great Acceleration of the Rise of the Rest & the End of “Silicon X Syndrome.” Part I) Cities are Like Startups Cities are like startups. But from the back half of 2020 into 2021, we are bearing witness to accelerated adoption and transformational change in industry after industry.
4-year founder vesting is dead. 2019 looks to continue another lights-out year for fintech startups. Jake Jolis is a partner at Matrix Partners and invests in seed and Series A technology companies including marketplaces and software. More posts by this contributor. 2019 saw a stampede of fintech unicorns. Dana Stalder. Contributor.
Register The Philippine venture capital firm Kaya Founders has successfully raised $12 million in funding for two new funds. With this funding, Kaya Founders now manages a total committed capital of $16.5 With this funding, Kaya Founders now manages a total committed capital of $16.5
Being an effective founder, however, is not just about the things that you must do but also about the things you should avoid, and understanding this distinction is another vital aspect of your entrepreneurial mindset shift. Thriving startup leaders also avoid mediocrity. Successful founders also avoid beating themselves up.
For most founders, fundraising is a struggle. Morality aside, I’d say given the inherent riskiness of startups, I’m not sure this would be a great addition to your cap table. What’s that investor going to be like in a board meeting when you as a female founder need their support or worse, actually their vote? Drug kingpin?
Our agents don’t just assistthey do the work, enabling teams to focus on strategic priorities, unlock creativity, and drive meaningful organizational impact,” said Maxime Legardez , co-founder and CEO of Maki. With the announcement of its $28.6 “The U.S. This led to millions of dollars in efficiency gains for its clients.
Blair Silverberg is co-founder and CEO of Hum Capital , a financial services company using technology to accelerate the fundraising process. For many founders in the startup community, a “founder-friendly” investor is one who stays relatively hands off. Factor in founder friendliness.
The company touts over 200,000 businesses with, a large portion being startups that use its services as a financial backbone, replacing cumbersome platform switching or thejuggling third-party apps. billionmore than double its 2021 Series B figure of $1.6 The result?
In early June, I wrote this post explaining that I and we need to do more to reduce the inequality issues for Black people in tech, venture capital, and startups. USV TEAM POSTS: Albert Wenger — Jan 8, 2021 SilviaTerra. I think MLK day is a good time to talk about what has happened since that post.
Something happened in the past 7 years in the startup and venture capital world that I hadn’t experienced since the late 90’s — we all began praying to the God of Valuation. How might our next phase of the journey seem brighter, even with more uncertain days for startups and capital markets? What happened? There was no money train.
This differs from patterns we’ve seen in previous recessions, where startup job creation remains relatively stable in recessionary years. Dave Lavinsky, GrowThink co-founder , puts it like this: “I think the mindset for many has become, ‘If I’m going to ditch the office, why not ditch the boss, too?’ More entrepreneurs, new needs.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” A close look at Singapore’s thriving startup ecosystem. As a global financial center, one could argue that Singapore’s startup ecosystem is in a category of its own when compared to its neighbors.
Taha Ahmed and Rooshan Aziz left their jobs in strategy consulting and investment banking in London earlier this year in order to found a mobile-only education platform startup, Maqsad , in Pakistan, with a goal “to make education more accessible to 100 million Pakistani students.” Maqsad announced today its $2.1
This week our team met with a founder in Singapore via Zoom. In one hour we learned enough from the founder to be able to make a decision on whether or not to invest in the founder’s company. I don’t think we will see founders going back on the road in any material way ever again.
companies with all female founders are raising less capital this year than the last amid current economic woes. It’s clear that 2021 was an outlier: all-female teams raised $8 billion across 1,132 deals. billion worth of deals all-female teams closed this year, teams with at least one male co-founder raised $32.4
Going back to startup equity, I believe that we will continue to see more and more secondary liquidity for startup equity. Our portfolio company Carta has recently launched a market for exactly that called CartaX and I believe it will be an important source of secondary liquidity for founders, employees, and investors in startups.
Exponent Founders Capital, an early-stage venture firm founded by alumni of startups such as Plaid, Robinhood and Ramp, has closed on $75 million in capital commitments, TechCrunch is the first to report. The firm, which is emerging from stealth today, raised $50 million for its first fund in November of 2021.
Rise of the Rest has always been about backing companies that prove it’s possible to scale a startup in cities outside of Silicon Valley. Not every startup in our portfolio is a tentpole company today, but we believe all of them have the potential to be the tentpoles of tomorrow. Place Matters”?—?Rise
A Memphis, Tennessee, company called UpSquad certainly had near-universal appeal in mind as its founders explored how to reduce common struggles faced by businesspeople. Rent Ready is a startup specializing in technology to coordinate tasks related to preparing a property for someone to move into once the former tenant leaves.
I want to focus this post on the macro environment for tech, startups, web3, and climate because that is where my head is at right now. With that macro view in mind, what would that mean for tech, startups, and web3? Startups are going to have a tough year in 2023.
The silver lining to the horrors wrought by Covid is that the pandemic opened the venture capital community’s eyes to the world of opportunity beyond the traditional tech startup hubs of California, New York, and Massachusetts. That more widely dispersed pipeline is now poised to fuel a new entrepreneurial revolution.
And while this May’s economic backdrop was markedly different from last’s , enthusiasm was high and outlooks remained positive for the startup momentum building between the coasts. We named this summit after a report we wrote with Pitchbook at the end of 2021 to explore the impact of the pandemic on investment patterns.
Curtis Fonger and Matthew Busel met on YC’s Co-Founder Matching (CFM) Platform, a tool we built to help co-founders find each other. Even in early conversations, their fit as co-founders was clear to each of them. YC invested in Whalesync in the Summer 2021 batch. They all had reasons to not do a startup.
Entrepreneurial Visionary and Devoted Family Man: An Exclusive Interview with Shakeim Reid, Founder of Serv-U Hub LLC I had the pleasure of interviewing Shakeim Reid, the founder of Serv-U Hub LLC. What motivated you to launch a startup? What has been the biggest challenge when growing your startup?
Israel’s startup ecosystem raised record amounts of funding and produced 19 IPOs in 2020, despite the pandemic. Some people are more excited by emerging areas like artificial intelligence, which has been a focus of the country’s military for years, and like cybersecurity is now producing many fresh teams of founders. More than 50%?
Investment has also trickled down to Africa, with large checks going into growth-stage startups. In 2015, the three co-founders launched Kangpe, a telemedicine-focused startup in Nigeria with a “doctor in your pocket” slogan. The six-year-old startup said it has averaged a 3.5x African tech took center stage in 2021.
Namibian business-to-business e-commerce startup JABU confirmed to TechCrunch that it has raised a $3.2 As a last-mile distribution e-commerce company, JABU joins a list of startups across the continent that help small retailers order and stock their products and, at the same time, provide data-driven services to suppliers and manufacturers.
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