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What minority founders must consider before entering the venture-backed startup ecosystem

TechCrunch

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 by RateMyInvestor and Diversity VC. Funding for Black entrepreneurs in the U.S. hit nearly $1.8

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Steve Case Testifies on Expanding Access to Capital Across America

Revolution

On the contrary, for the last decade, I have been getting out of my office and onto a bus to see whats going on in startup ecosystems across the country. Revolutions Rise of the Rest initiative has visited dozens upon dozens of startup ecosystems across the country and backed more than 200 seed-stage companies in more than 100 cities.

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New Zealand’s startup ecosystem poised to grow more ‘tall poppies’

TechCrunch

According to Crunchbase, money raised by New Zealand startups increased 30%, from around $1 billion to $1.3 billion, from Q1 2020 to Q4 2021. In 2020, VC investments totaled NZD $127.2 million (USD $86 million), up from NZD $112.2 (USD USD $76 million) in 2019, due to a near doubling of transactions from 46 in 2019 to 92 in 2020.

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After a record 2022, 8 investors explain why it’s ‘still just Day 1’ for Africa’s startup ecosystem

TechCrunch

In fact, even some of the excesses of 2021 were eclipsed when the number of investments on the continent rose higher in 2022 than they had a year earlier, boosted by early-stage firms flocking to fund startups in the wake of landmark exits of homegrown companies like Jumia and Paystack. For global venture capital, 2021 was an outlier.

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Despite the downturn, CVC gains traction in Brazil’s startup ecosystem

TechCrunch

Despite the challenging fundraising environment of 2022, we saw more big corporations launching their corporate venture arms in Brazil last year than during the boom years of 2020 and 2021. Despite the downturn, CVC gains traction in Brazil’s startup ecosystem by Ram Iyer originally published on TechCrunch

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Foreign investors have a bigger role to play in growing Latin America’s startup ecosystem

TechCrunch

There has been significant hype around Latin America’s startup success. For good reason, too: Startups have raised $9.3 billion in just the first half of 2021, almost double the amount in all of 2020, and mega-rounds are a growing trend. Investors should look for younger markets.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

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? By 2021 we had to write a $3.5m

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