Venture Capital News


How to Divide Stock Among Founders Without Ruining Your Startup Company

How to Divide Stock Among Founders Without Ruining Your Startup Company

Most startups guarantee their failure moments after their birth by making one or both of these mistakes. The most common mistake cofounders make is over-optimizing the division of control and ownership. Less common, but more common than you might suspect, are the cofounders who decide to “trust” each other and delay memorializing their agreements. Co-founders who make either mistake are dooming their companies — period.
Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund

Apple’s Steve Wozniak Co-Founds Blockchain-Focused Venture Capital Fund

Apple co-founder Steve Wozniak has been announced as a co-founder of recently launched blockchain-focused venture capital fund EQUI Global, global business outlet Verdict reports Monday, Oct. 15. Following an announcement about his plans to become “involved” in a blockchain project earlier in August, Wozniak has been revealed today as a co-founder of EQUI Global, a venture capital fund focusing on blockchain technology and built on a blockchain-powered backend.
Used car site Vroom is raising $70M six months after a big round of layoffs

Used car site Vroom is raising $70M six months after a big round of layoffs

After cutting a big portion of its staff in March, Vroom is back pitching investors. Yesterday, the site for buying and selling used cars filed to raise $70 million in new equity funding. Vroom has already secured $30 million of that $70 million target, signaling confidence from investors that it’ll become profitable and beat out key competitors in the space, like Carvana and Shift.
Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba doubles down on Lazada with fresh $2B investment and new CEO

Alibaba  is increasing its control of Lazada,  its e-commerce marketplace in Southeast Asia it acquired control of in 2016, after it injected another $2 billion into the business and replaced its CEO with a long-standing Alibaba executive.
Some venture capital firms are publicizing their sexual harassment policies for the first time

Some venture capital firms are publicizing their sexual harassment policies for the first time

A group of venture capital firms are publicizing their sexual harassment policies, some for the first time, as part of a new directory co-led by one of the women who publicly accused a VC of harassment.
Going Up and Down the VC Roller Coaster

Going Up and Down the VC Roller Coaster

While those are important milestones which seem like orderly steps in a process, I don’t think founders fully appreciate the amount of volatility that goes into most investment decisions. I liken the approach to going up and down a roller coaster.
Tricida Receives $100M Venture Debt Financing

Tricida Receives $100M Venture Debt Financing

Tricida, Inc., a South San Francisco, CA-based late-stage pharmaceutical company, entered into a $100m venture debt facility with Hercules Capital, Inc.  Tricida drew down $25m from the venture debt facility at closing. An additional $50m will be available for drawdown subject to the achievement of future milestones. The remaining $25m will be available for drawdown subject to approval by Hercules.
Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Tencent Music, Spotify’s strategic partner in China, is valued at over $12B

Spotify has finally filed to go public, and in doing so the Swedish company has shed light on another huge music company that has been tipped for IPO — Tencent Music — which is now valued at over $12 billion. Tencent and Spotify announced a share swap in December that saw each side take an undisclosed slice of the other for strategic purposes going forward. According to Spotify’s filing
Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Chat app Kakao’s games business lands $130M from Tencent and others ahead of IPO

Korea’s dominant messaging firm Kakao is back raising funds after its games business, a standalone unit that is headed for an IPO, pulled in $130 million (140 billion KRW) from Tencent and a range of other strategic investors.
Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN

Go-Jek confirms $150m investment by Astra, ‘substantial’ funding by GDN

Indonesian ride-hailing firm Go-Jek confirmed on Monday that it has secured a $150-million funding from local conglomerate Astra International as well as an undisclosed amount of financing from investment firm Global Digital Niaga (GDN) as part of its latest funding round.


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