Venture Capital – Tags Area http://tagsarea.com/ Mon, 10 Jan 2022 11:29:12 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://tagsarea.com/wp-content/uploads/2021/04/tags-area-icon-150x150.png Venture Capital – Tags Area http://tagsarea.com/ 32 32 Turbulent storms surround $ 200 billion in venture capital tsunami https://tagsarea.com/turbulent-storms-surround-200-billion-in-venture-capital-tsunami/ Mon, 10 Jan 2022 11:29:12 +0000 https://tagsarea.com/turbulent-storms-surround-200-billion-in-venture-capital-tsunami/

The flow of venture capital is not slowing down, but some startups are starting to feel like they’re being dragged underwater. Many are facing new challenges in this growing industry which is fueled by venture capital funding like never before.

The flow of venture capital is not slowing down, but some startups are starting to feel like they’re being dragged underwater. The dynamic startup market has resulted in a record amount of investment, but not everything is smooth.

The amount of money pouring into the startup world has accelerated, as several entrepreneurs and executives discussed during a Brainstorm Tech roundtable session on December 1, Wednesday. The first half of 2021 was a record time in the venture capital world, with more than $ 288 billion invested, according to figures from Crunchbase. Many are facing new challenges in this growing industry which is fueled by venture capital funding like never before. The rapid influx of cash poses significant challenges such as scaling up efforts and attracting diverse talent to tech startups.

Tejas Konduru, founder and CEO of mobile commerce start-up Via, says it now takes about “two days” for a B-Series. It’s much faster than before, as seed rounds take about one. months to be finalized, while the A rounds only last about 7 days.

The way we work now is about to be a game changer. In theory, small startups can grow into a business that employs hundreds of people.

The demands on a business are higher than ever. It is not enough to make the best product, now it needs to be better and faster! This is where distributed teams come in – each with a different background but all working together as one unit to be successful; like an orchestra that has been brought together by tuning its instruments so that they can play any song in perfect harmony.

As such, the need for professionalism is important, and it is something that all employees should maintain. This will help them build positive relationships within themselves as well as with outside sources like clients by following the right mindset while doing so. Employees must be dedicated to their work in order to achieve success and achieve that goal.

For a startup to be successful, Marcel Daane, voted Executive Coach of the Year 2020 in Singapore, said managers need to learn what he calls WISE – Where Am I Right Now, Invite Curiosity, Abandon My Most Professors unlikely and Accept uncertainty with enthusiasm.

The WISE system is a powerful tool that managers can use in conjunction with “living our experiences”, a concept Marcel also introduced in his book “Five Energies of Horrible Bosses”. This can help them identify what they want, what they need and what they expect from the people who work for them, as well as give themselves clear direction on how best to lead these members of the team towards success.

In some ways, startups are better or more innovative than large companies. One advantage they might have over large organizations is that their culture can be experimental with new ideas and initiatives, although that depends on the type of startup you are starting.

Companies must align their corporate culture with the values ​​they convey about what makes them unique.

To find out more about Marcel Daane on https://www.marceldaane.com.

Contact information:
Name: Marcel Daane
Email: send an email
Organization: Stubborn performance
Address: 57 Hume Avenue, 03-03 Parc Palais, Singapore 598753, Singapore
Website: https://www.marceldaane.com

Version number: 89059238

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The Notable Startup Funding Weekly Report: 1/10/22 https://tagsarea.com/the-notable-startup-funding-weekly-report-1-10-22/ Sat, 08 Jan 2022 18:59:09 +0000 https://tagsarea.com/the-notable-startup-funding-weekly-report-1-10-22/

Alto Solutions

$ 40.0M – Series B

Nashville-based Alto Solutions offers an automated, easy-to-use process for investing in alternatives with IRA savings. Founded by Eric Satz in 2016, Alto Solutions has raised a total of $ 70.3 million in equity and is backed by Acrew Capital, Advance Venture Partners, Alpha Edison, Coinbase Ventures, Foundation Capital, Gaingels and Unusual Ventures.

BlockSpaces

$ 5.8 M – Seed

BlockSpaces, based in Tampa, offers managed blockchain infrastructure and pre-built connectors between various blockchain networks and business applications. Founded by Gabe Higgins and Rosa Shores in 2017, BlockSpaces has raised a total of $ 7.2 million in equity and is backed by BlockFund Ventures, Brighter Capital, GTMFund, Leadout Capital, Mark Pincus and Tony DiBenedetto.

Finexio

$ 10.0 M – Business

San Mateo-based Finexio offers a smart B2B payment network system for buyers and sellers that connects payment rails to automate commercial payments. Founded by David McGuerty and Ernest Rolfson in 2015, Finexio has raised a total of $ 48.5 million in equity and is backed by Mendon Venture Partners and Patriot Financial Partners.

forming

$ 18.0 M – Series A

San Francisco-based Formant is monitoring and operating software that connects people, processes, sensors and robots through a robotic approach platform. Founded by Jeff Linnell in 2017, Formant has raised a total of $ 24.0 million in equity and is backed by Ericsson, Goodyear Ventures, Hillsven Capital, Holman Growth Ventures, Pelion Venture Partners, Picus Capital, SignalFire and Thursday Ventures.

NowRx is disrupting the $ 480 billion retail pharmacy industry with unprecedented personalized service and free same-day pharmacy delivery.

The company uses its proprietary “QuickFill” pharmacy software and robotics to automate dispensing and reduce common service failures that lead to bad experiences for customers (insurance errors, out of stock, etc.).

Oh, and they operate at a fraction of the cost of the big retail chains – talk about efficiency!

In 2020, the company saw its revenue increase 90% year-on-year and this year it is on track to surpass $ 22 million in revenue. With their new telehealth product growing 73% MoM and a share price that has increased 1,650% since 2016 Ð this is an investment you don’t want to miss.

Goldfinch

$ 25.0M – Series A

Walnut-based Goldfinch is a credit platform that offers unsecured crypto loans. Founded by Blake West and Michael Sall in 2020, Goldfinch has now raised a total of $ 37.7 million in equity and is backed by a16z crypto, Bill Ackman, BlockTower Capital, Coinbase Ventures, Helicap, Kindred Ventures, Kingsway Capital, Stratos Technologies, SV Angel and Y Combinator Continuity Fund.

ianacare

$ 12.1M – Series A

Ianacare, based in Boston, is a healthcare company that encourages, empowers and equips family caregivers. Founded by Jessica Nam Kim, Jessica Nam Kim and Steven Lee in 2018, ianacare has raised a total of $ 15.1 million in equity and is backed by 8VC, AARP, Able Partners, Brown Alumni Group, Cue Ball, Entree Capital , Founding collective, Greycroft, Indicator Ventures, SemperVirens Venture Capital, Service Provider Capital and Slow Ventures.

live

$ 20.0M – Series B

New York-based Livepeer develops and operates a decentralized live video streaming platform over the Internet. Founded by Doug Petkanics and Eric Tang in 2017, Livepeer has raised a total of $ 51.0 million in equity and is backed by Alan Howard, Digital Currency Group, Northzone, Tiger Global Management and Warburg Serres Investments.

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Miró

$ 400.0M – Series C

San Francisco-based Miro is a visual collaboration platform that delivers an intuitive, engaging, in-person collaboration experience to every team. Founded by Andrey Khusid and Oleg Shardin in 2011, Miro has raised a total of $ 476.3 million in equity and is backed by Accel, Atlassian, Dragoneer Investment Group, GIC, ICONIQ Capital, Julien Codorniou, Salesforce Ventures and TCV.

Mojo Vision

$ 45.0M – Series B

Saratoga-based Mojo Vision is developing Mojo Lens, the world’s first intelligent AR contact lens with an integrated display that offers invisible computing. Founded by Drew Perkins and Michael Wiemer in 2015, Mojo Vision has now raised a total of $ 204.0 million in equity. funding and is backed by Advantech Capital, Amazon Alexa Fund, AME Cloud Ventures, Dolby Family Ventures, Edge VC, HiJoJo Partners, Liberty Global Ventures, Motorola Solutions Venture Capital, New Enterprise Associates, Open Field Capital and PTC.

OpenSea

$ 300.0M – Series C

New York-based OpenSea is an NFT marketplace that allows users to discover, collect and sell blockchain-based digital assets. Founded by Alex Atallah and Devin Finzer in 2017, OpenSea has raised a total of $ 427.2 million in equity and is backed by Coatue, Kathryn Haun and Paradigm.

Petal

$ 140.0 M – Series D

Petal, based in New York City, is a financial technology company whose mission is to make credit honest, easy and accessible. Founded by Andrew Endicott, David Ehrich, Jack Arenas and Jason Gross in 2016, Petal has raised a total of $ 241.6 million in equity and is backed by Afore Capital, Anchor Capital, CUNA Mutual Group, Encore Bank, Gaingels, Gopher Asset Management, RiverPark Ventures, Sand Hill Angels, Tarsadia Investments, Valar Ventures and Volery Capital Partners.

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Pocket Network

$ 10.0 M – Business

The Tampa-based Pocket Network is a decentralized infrastructure that uses a profitable economy to coordinate and distribute data at scale. Founded by Michael P. O’Rourke in 2017, Pocket Network has raised a total of $ 20.1 million in equity and is backed by Arrington XRP Capital, C2 Ventures, CoinShares, Decentral Park Capital, Dominance Ventures, Republic Capital and RockTree Capital.

Weka

$ 73.0M – Series C

Campbell-based WekaIO is a software company that provides a file system for AI, FinTech, Life Sciences, and Technical Computing. Founded by Liran Zvibel, Maor BenDayan and Omri Palmon in 2014, Weka has raised a total of $ 158.9 million in equity and is backed by Cisco, Hewlett Packard Enterprise, Hitachi Ventures, Ibex Investors, Key 1 Capital, Micron Ventures , MoreTech Ventures, and NVIDIA.

White box

$ 20.0M – Series C

Whitebox, based in Baltimore, provides e-commerce marketing, automation and fulfillment services to streamline e-commerce operations. Founded by Robert Wray, Sean Clark and Stephen Jensen in 2013, Whitebox has raised a total of $ 49.6 million in equity and is backed by Delta-v Capital, Kilkea Charles, MRE Capital, Noro-Moseley Partners and TDF Ventures .

Zuddl

$ 13.4M – Series A

Zuddl, based in San Francisco, is a conference management company that provides online conference services. Founded by Bharath Varma and Vedha Sayyaparaju in 2020, Zuddl has now raised a total of $ 15.4 million in equity and is backed by Alpha Wave Global, growX ventures, Qualcomm Ventures and Waveform Ventures.

NowRx is disrupting the $ 480 billion retail pharmacy industry with unprecedented personalized service and free same-day pharmacy delivery. The company uses its proprietary “QuickFill” pharmacy software and robotics to automate dispensing and reduce common service failures that lead to bad experiences for customers (insurance errors, out of stock, etc.). Oh, and they operate at a fraction of the cost of the big retail chains – talk about efficiency! In 2020, the company saw its revenue increase 90% year-on-year and this year it is on track to surpass $ 22 million in revenue. With their new telehealth product growing 73% MoM and a share price that has increased 1,650% since 2016, this is an investment you don’t want to miss. Step into this growing startup and find out how you can invest today

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Upfront Ventures raises funds for a new fund https://tagsarea.com/upfront-ventures-raises-funds-for-a-new-fund/ Fri, 07 Jan 2022 00:20:12 +0000 https://tagsarea.com/upfront-ventures-raises-funds-for-a-new-fund/

Santa Monica-based venture capital firm Upfront Ventures has raised $ 176.5 million for a new fund, according to a filing with the Securities and Exchange Commission.


According to the deposit, at least part of the capital raised for the new fund, called Upfront Continuation Fund I, came from a limited liability company registered by Upfront managing partner Mark Suster and incorporated in early December, according to public records.

When venture capitalists raise funds from limited partners, these limited partnerships often look for a return on their investment within ten years. Continuation funds can allow VCs to hold their investments for longer periods of time, while at the same time give LPs the opportunity to cash. VCs might do it because they see an opportunity for bigger returns on the road.

Over the past decade, many fast growing companies have chosen to stay private longer, insofar as it has become a common refrain in Silicon Valley.

Reached by email, Upfront declined to comment on the fund. Founded in 1996, the company describes himself as “the largest and oldest venture capital fund in Los Angeles,” with more than $ 1 billion invested to date and approximately 50% of its paid-up capital in Southern California-based technology companies . (Disclosure: Upfront Ventures is an investor in dot.LA.)

Earlier this week, Upfront postponed its annual technology conference from late January to early March, citing the rapid spread of the omicron coronavirus variant. The highly infectious strain is now responsible for more than 95% of new COVID-19 cases in the United States, according to the Centers for Disease Control and Prevention.

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Initial summit postponed to March due to Omicron fears https://tagsarea.com/initial-summit-postponed-to-march-due-to-omicron-fears/ Tue, 04 Jan 2022 23:28:14 +0000 https://tagsarea.com/initial-summit-postponed-to-march-due-to-omicron-fears/

Upfront Summit, the extravagant tech and venture capital conference known for its distinguished attendees from business and entertainment, is now the latest in-person event disrupted by the continued increase in COVID-19 cases.


The Upfront Ventures conference organizer informed ticket holders on Tuesday that the annual summit has been postponed for five weeks, to March 1 and 2, due to concerns over the highly contagious variant of the omicron. Santa Monica-based Upfront, one of Los Angeles’ biggest venture capitalists, canceled last year’s conference due to the pandemic; in 2020, he hosted the Upfront Summit at the Rose Bowl at an event featuring fireworks, dance performances, steaks by Wolfgang Puck and even a zipline.

“Based on global trends and other projections from medical experts, we feel good to meet in two months, Upfront said in an email sent to attendees. “But… we don’t have a crystal ball!” Like all of you, we will be keeping a close eye on COVID trends and if we feel it is not safe to come together, of course we will let you know of any updated plans. “

Upfront said in December that it expects 1,200 investors, entrepreneurs and influencers to attend the invitation-only event, originally scheduled for January 26-27 and to be held this year at the Banc of California stadium in Los Angeles FC at Exposition Park. Speakers scheduled include entertainment figures like Natalie Portman and Scooter Braun, as well as tech investors like Alexis Ohanian and Chamath Palihapitiya.

The Upfront Summit isn’t the only major tech event in LA to be delayed this year due to the coronavirus. Several months ago, March Capital announced that it repulsive its annual summit from Montgomery to Santa Monica from March to May 2022, in order to “give more time for immunizations of children and other at-risk groups,” organizers said.

The omicon variant is now responsible for more than 95% of new COVID-19 cases in the United States, the Centers for Disease Control and Prevention announced on Tuesday.

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AIMMO pockets $ 12 million from Series A to advance data labeling technology – TechCrunch https://tagsarea.com/aimmo-pockets-12-million-from-series-a-to-advance-data-labeling-technology-techcrunch/ Mon, 03 Jan 2022 00:16:02 +0000 https://tagsarea.com/aimmo-pockets-12-million-from-series-a-to-advance-data-labeling-technology-techcrunch/

Most artificial intelligence models are driven by supervised learning, which means humans have to label the raw data. Data labeling is an essential part of the automation of the artificial intelligence and machine learning model, but at the same time, it can be a long and tedious job.

A Korean startup called AIMMO, which uses software and humans to tag and categorize image, video, sound, text, and sensor fusion data, has built a data annotation platform from AI, enabling faster data labeling for businesses.

AIMMO today announced that it has raised $ 12 million in a Series A funding round to advance its data tagging technology and drive its global expansion. Seven venture capital firms participated in the last round: DS Asset Management, Industrial Bank of Korea, Hanwha Investment & Securities, S&S Investment, Toss Investment, Korea Asset Investment & Securities and Venture Field. AIMMO declined to comment on its assessment.

“The pandemic has accelerated the transformation of contactless technology with the deployment of AI for intelligence surveillance, smart city, autonomous driving, smart factory and robotics where AI data is inevitably needed. “said Doyle Chung, head of global sales for AIMMO, in an email interview. “Across all departments and industries, our priorities are [mainly] smart city and autonomous driving.

Founded in 2016 by CEO SeungTaek Oh, the startup has three data annotation tools: AIMMO DaaS, which manages sensor fusion data for autonomous vehicle companies; AIMMO GtaaS, a turnkey platform for Big Data; and AIMMO Enterprises, launched in 2020, a web-based SaaS annotation tagging tool using a cloud architecture.

The startup said its tools are helping to improve the inefficiency of the data annotation process so that customers can focus only on their AI modeling. There are no platform fees, coding skills and installation required for AIMMO companies as users can tag their data through browsers like Chrome. As for its AIMMO GtaaS, users send raw data to AIMMO which labels the data with inspection and returns it to clients, Chung said.

Thanks to the AIMMO DaaS platform, its sales and the volume of its data labeling increased by 200% in 2021 compared to the previous year. AIMMO recorded $ 10 million in revenue in 2021, according to its IR pitch deck. The company expects its growth in 2022, as the global demand for the field of autonomous driving continues to increase.

AIMMO

Screenshot | AIMMO website

The global data collection and labeling market size was valued at $ 1.6 billion in 2021 and is expected to reach $ 8.2 billion in 2028, according to a market analysis report by Grand View Research.

AIMMO works with a range of companies including automaker Hyundai Motor, auto parts developer Hyundai Mobis, car start-hail Kakao Mobility, SoCar car-sharing startup and independent freight developer ThoreDrive. AIMMO also works with non-autonomous vehicle companies in the areas of robotics, optical character recognition (OCR), smart factory, smart surveillance, e-commerce and logistics, such as telecommunications company SK Telecom, the internet giants Naver and Kakao and the Japanese Komatsu.

The Korea-based startup has offices in the UK, US, Japan and Vietnam. Chung said he also plans to open offices in Germany and Canada in 2022. AIMMO will compete with companies such as Scale AI, Playment, Understanding.ai and Deepen AI when it expands further in the market. global. Today, the startup has 200 employees around the world and more than 10,000 data labellers.

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Trends in Capital Formation: SEC OASB Annual Report | Mayer Brown Free Writings + Perspectives https://tagsarea.com/trends-in-capital-formation-sec-oasb-annual-report-mayer-brown-free-writings-perspectives/ Fri, 31 Dec 2021 19:53:32 +0000 https://tagsarea.com/trends-in-capital-formation-sec-oasb-annual-report-mayer-brown-free-writings-perspectives/ [co-authors: Carlos Juarez, Marc Leong]

The SEC’s Office of the Advocate for Small Business Capital Formation (“OASB”) recently released its Annual report 2021 (the “Report”), which reviews the capital raising activities of a variety of businesses, from startups and emerging companies to small public enterprises. The OASB, in collaboration with the Economic and Risk Analysis Division of the SEC, provided updated data (July 1, 2020 to June 30, 2021) on the use of various exempt offer alternatives. Public offerings represented more than $ 1.7 trillion in raised capital, while exempt offers represented more than $ 3.2 trillion in raised capital. We highlight notable trends from the report below.

Initial public offerings. 2020 and early 2021 saw a significant increase in initial public offering (“IPO”) activity. The companies have raised $ 317 billion in IPOs, with a median deal size of $ 225 million. The IPO activity, compared to the period 2019-2020, resulted in 3.6 times more IPOs, raising 2.8 times more capital. Increases in the amounts raised in all sectors were noticeable. For example, tech companies raised $ 57 billion in IPOs during the period 2020-2021, compared to $ 7 billion between 2019-2020. Venture-backed companies continued to account for the majority of publicly traded IPOs, as shown in the following diagram:

Source: OASB Report, p. 35

Other offers recorded. $ 1.4 trillion was raised through other registered offers, including follow-up and secondary public offerings. The median transaction size for the other registered deals was $ 350 million.

Alternatives to the IPO: special purpose acquisition companies (“SPAC”) and direct listings. From July 1, 2020 to June 30, 2021, there were 1,005 entrants to the public market; more of these companies entered the market through SPAC offerings (compared to traditional IPOs), as shown in the following diagram:

Source: OASB Report, p. 35

Settlement offers D. Firms that raise capital through private placements made under Rule 506 (b) of Regulation D have raised more than $ 1.9 trillion, with a median deal size of $ 1.8 million. dollars. Rule 506 (c) offers raised $ 124 billion (median $ 850,000); and the Rule 504 offers raised $ 313 million (median $ 160,000). Notably, tech companies have raised $ 33 billion, which is a significant drop from the $ 92 billion raised during the 2019-20 period.

Crowdfunding Regulation. Crowdfunding activities raised $ 174 million, with a median deal size of $ 130 million. The number of regulatory crowdfunding offerings grew 61% year-over-year in 2020, with 40% of companies completing regulated crowdfunding offerings having women or under-represented minority founders.

Regulation A. Settlement A offers have raised more than $ 1.7 billion, with a median transaction size of $ 2.3 million. This is a relatively constant increase from the 2019-20 figures. Real estate companies remain the top emitters under Regulation A, raising $ 923 million, while other sectors collectively raised $ 854 million over the period 2020-2021.

Other exempt offers. Section 4 (a) (2), Regulation S and Rule 144A private placements accounted for $ 1.3 trillion of the capital raised during the reporting period.

Trends in financing for small and emerging businesses. Among the financing options available to small businesses, equity investments accounted for only 6% of external capital financing, with loans and lines of credit being the main source used. During the pandemic, COVID-19 emergency assistance was integral to the survival of many small businesses, with 91% of employers seeking help by applying for loans through the Paycheck Protection Program.

Advanced corporate finance trends. Capital raised through venture capital (“VC”), private equity and other investment funds continues to increase year over year. The value of venture capital transactions reached $ 164 billion in 12,084 deals in 2020, with 2021 on track for a record year with $ 150 billion raised in 7,058 deals through June 30, 2021.

Source: OASB Report, p. 29

During the pandemic, many companies focused their resources on late stage businesses rather than angel / early stage businesses. Late stage private placements raised $ 110 billion in 2020 and $ 109 billion was raised in 2021 through June 30. Cross-investors also continue to bring strategic value to companies. 74% of IPOs, by number, were backed by cross investors. Venture-backed exit activity in 2021 surpassed that of 2020, with $ 373 billion in exits raised in total.

Trends in environmental, social and governance (“ESG”) investments. The report identified trends related to ESGs in 2020-2021, including the launch of more than 20 ESG-focused SPACs, raising more than $ 5 billion in total in 2020. In 2020, companies hired a marked increase the number of IPO subscribers classified as minority shareholders. , women-owned or veteran-owned businesses, as shown in the following diagram:

Source: OASB Report, p. 36

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50 quotes from investors on startup opportunities and relationships with founders https://tagsarea.com/50-quotes-from-investors-on-startup-opportunities-and-relationships-with-founders/ Thu, 30 Dec 2021 07:10:57 +0000 https://tagsarea.com/50-quotes-from-investors-on-startup-opportunities-and-relationships-with-founders/

Launched in 2014, Story bites is a regular feature of YourStory, with notable quotes in our previous articles. Share these gems and information with your colleagues and networks, and return to the original articles for more information.

With 44 startups achieving unicorn status in India this year, it has been an exciting and rewarding time for investors! The digital transformation and D2C movements, accelerated by the pandemic, have also boosted investment opportunities around the world.

Taken from our comprehensive coverage of the entrepreneurship ecosystem, we present 50 quotes from investors (see our previous compilations of 2020 and 2019).

We have broken down these 50 quotes into five categories: Foundations, Founding Teams, Founder’s Boards, Fundraising, Outings, The Indian Opportunity, The Next Wave, and The Way Forward.

Your story wishes all founders and funders a Good year, with great success and scope in 2022!

Foundations

We have a five-T matrix for evaluating startups. It includes the team, technology, traction, schedule, and the total addressable market. – Himanshu Yadav, Woodstock Fund

Today’s entrepreneurs are looking for more than investors – they want value-added partners who understand consumers and brands. – Nicholas Cator, Venturi Partners

Risk is best understood as a combination of two factors – how reversible is the decision and how controllable is the outcome. – Shripati Acharya, Prime Venture Partners

The first important step for any angel investor is to have a clear world view of how things are going to develop over the next 10 to 15 years. – Vivek Kharé

Unlike investing in public markets, angel investing is not a swing game where you blindly support popular businesses or sectors. – Shanti Mohan, LetsVenture

Founding teams

Businesses are successful because you support phenomenal founders. – Priya Mohan, Venture Highway

The right co-founder needs to have a similar mindset and aligned thinking process for great chemistry. – Anurag Jhanwar, Fintrust Advisors

The founder must demonstrate strong execution and domain skills for the startup to gain investor interest. – Ashvin Chadha, Anicut Angel Fund

Adding the right member to your team – as a co-founder or otherwise – can pay rich dividends. – Shripati Acharya, Prime Venture Partners

Startup founders need to be aware that their moats can be disrupted by their competition and therefore should strive to stay one step ahead. – Shivathilak Tallam, Unitus Ventures

Founder’s advice

Don’t spend time with people who tell you it’s okay. You learn more from people who disagree with you. Be that active listener. – Vani Kola, capital of Kalaari

OKRs are simple and a very lightweight way to deliver 10X results. – Amit Somani, Prime Venture Partners

Building a startup is your sculpture, your work of art – and a legacy that will hopefully last beyond your time! – Sanjay Swamy, Prime Venture Partners

The ultimate measure of network effects is vertical cohorts and the best example will be Ola and Uber. – Avnish Bajaj, Matrix Partners India

A strong business model is important because companies have to use venture capital money to build assets. But when it comes to growth, it needs to be funded by a company’s paying customers. – Anirudh Damani, Artha Venture Fund

Fund raising

One of the biggest challenges a start-up entrepreneur faces is the tedious and time-consuming process of raising capital. We believe innovation should be at the heart of why and how founders interact with investors. – Sudhir Sethi, Chiratae Sonic

Private equity and public investors look at a business from a completely different perspective, unlike a VC. – Rahul Khanna, capital of the Trifecta

Collecting more money than you need will cause you to splurge more. Sooner or later you will lose your financial prudence. – Sanjay Mehta, 100X.VC

More than acquiring the financing, you will have to work harder to keep your promise to your investors. – Dr Apoorva Ranjan Sharma, 9Unicorn

The financial stress that accompanies fundraising can be a significant distraction for new founders and young entrepreneurs. – Bhavik Vasa, GetVantage

You can’t think small when talking to investors. The objective is to inject capital, acquire customers and gain significant market share. – Vikrant Potnis Vikrant, FundEnable.com

Exits

The outputs play a huge role. They catalyze the whole ecosystem because they close the loop. – Sateesh Andra, Endiya Partners

Keep in mind that investors are considering a potential exit, and this is especially possible if the market size is large enough to allow growth at each stage of funding. – Anurag Jhanwar, Fintrust Advisors

[Founders] should set the price of the IPO in such a way that, upon listing, incoming investors earn money and existing investors see increased value. – TV Mohandas Pai, capital of Aarin

Startups need to understand the purpose behind the business association; some companies are looking for startups that they can buy out, integrate as suppliers or use their platform to promote their services. – Anurag Jhanwar, Fintrust Advisors

The Indian opportunity

The Indian startup ecosystem is on a wave of wealth creation. – Anas Rahman Junaid, Hurun India

India is poised to cross paths with hundreds of multi-billion dollar companies by 2023. – Apoorva Ranjan Sharma, 9Unicorns

All over the world there is a huge amount of cash looking for returns. Recent events in China have turned attention to India as the country has a similar profile, with reach and valuations playing its part. – V Balakrishnan, Exfinity Venture Partners

For many years, Silicon Valley has been the only place of interest for startups. Today there are so many startup ecosystems around the world. Until 2013, only Israel, the United States and China would create unicorns. – Anand Rajaraman, Rocketship.vc

India is now home to more than 50 unicorns and the third largest business ecosystem in the world. – Ashish Sharma, InnoVen Capital India Fund

One of the changes in the outlook of the founders is the desire to solve the important and endemic problems in India. – Karan Mohla, Chiratae Ventures

Indian startups have a great opportunity to innovate and help support the economy. – Padmaja Ruparel, IAN Fund

We can see a growing trend of investment in startups fueling India’s growth story, and seeing a Level II urban startup competitively against a startup in Mumbai or Delhi shows its ability. . – Nandini Mansinghka, Mumbai Angels Network

Much of the venture capital funding is still concentrated in metropolitan cities such as Delhi-NCR, Bengaluru and Mumbai, however, we have seen some very successful startups come out of Tier II cities and beyond. – Akshay Chhugani, capital of Kisho

A lot of individual investors are very daring. Indian family offices, which are generally very conservative, are also interested in investing in startups. – Rahul Gupta, capital of radar

It takes a lot of patience in India to invest, and there is no shortcut to success. – Abhishek Agarwal, Rockstud Capital

As the Indian startup ecosystem has proven to have the most talented and innovative minds to build businesses, it is essential for us to unlock India’s national capital. – Padmaja Ruparel, IAN Fund

The role of venture capital finance in India is considerably less. While India has seen the growth of 30 to 35 unicorns this same year, most of the investors who make them are foreigners. – Siddarth Pai, 3one4 Capital

The next wave

The next round of venture capital may actually be more focused on climate technology. – Prashanth Prakash, Accel Partners

The huge innovative footwear industry foresees a vast future with environmentally friendly production and supply. – Apoorva Ranjan Sharma, Business Catalysts

Pollution and climate change represent a trillion dollar opportunity, not because of justice, but because of cheaper, effective and sustainable solutions that will replace existing solutions. – Sumeet Singh, Climate Angels Fund

We love when entrepreneurs create a business case for sustainability. – Manoj Kumar, Social Alpha

The road ahead

India is in a unique position to build businesses for the next billion users (NBUs) that are also relevant globally. – Ritu Verma, Ankur Capital

India will see many more large venture capital firms form over the next decade. – Yash Jain, capital of sparrows

It is necessary that our startup ecosystem has more women for there to be inclusive growth. Supporting businesses that have a woman in key decision-making roles is also important in bringing about a cultural shift in the ecosystem as a whole. – Vani Kola, capital of Kalaari

There is a huge shift in the founders’ mind-space when it comes to risky debt and we expect the deployment of this capital to increase significantly in the next one to two years. – Ishpreet Singh Gandhi, Stride Ventures

Very few platforms or angels invest in young and passionate student startups. – Ankur Jain, HostelFund

Startups are spreading at an increasingly rapid rate. – Subrata Mitra, Accel India

Your story also published the paperback “Proverbs and quotes for entrepreneurs: a world of inspiration for startups” as a creative and motivating guide for innovators (downloadable as apps here: Apple, Android).

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Six numbers that defined Crypto’s record year https://tagsarea.com/six-numbers-that-defined-cryptos-record-year/ Tue, 28 Dec 2021 12:18:40 +0000 https://tagsarea.com/six-numbers-that-defined-cryptos-record-year/

In one year, the crypto market cap has hit $ 3 trillion, the SEC has approved its first bitcoin ETF and the NFT fever has driven digital doodles to millions of dollars, crypto is finally going mainstream.

Here are six metrics that defined crypto in 2021 and what they mean for the year ahead.

11%

The estimated portion of the $ 11 trillion market cap of gold reached by Bitcoin at the height of its bull run on November 10, 2021. On that date, Bitcoin hit an all-time high of $ 68,721, which represents a 120% increase for the year and a market capitalization of $ 3 trillion. Three years ago, Bitcoin’s total market cap was around 2.8% that of gold. Yet bitcoin was far from the top performing crypto asset in 2021. Ethereum, a versatile platform capable of handling any type of transaction, is up 443% since last year, and it has even been overtaken by many competitors as well as decentralized finance (DeFi) tokens and non-fungible tokens (NFT).

For more in-depth news and analysis of dynamic and emerging crypto markets, subscribe to our premium research post, Forbes CryptoAsset and Blockchain Advisor.

That said, while Bitcoin’s ‘digital gold’ narrative has found a receptive audience, as its skyrocketing has coincided with record inflation levels, it is still trading wildly, which makes it widely tradable. untouchable for anyone looking for the security of getting a good night’s sleep in their asset purchases. As the Fed seeks to accelerate its reduction schedule in response to November’s 6.8% price increases, the highest in 40 years, bitcoin will need to find a new value proposition that does not rest on the crutch of the easy money from Washington.

123.02

The estimated annual energy consumption of Bitcoin miners, 123.02 terawatt-hours (TW / h), a measure of electrical energy. According to the University of Cambridge’s Bitcoin Electricity Consumption Index, which maintains a model used to track electricity consumption, this is roughly the same amount of energy Argentina uses, Colombia, Norway, Sweden and Ukraine in a given year. As the price of Bitcoin rose this year, the hash rate (the amount of computing power on the network) increased dramatically to reach many all-time highs in the spring. As you can see in the graph below, the hash rate suffered a substantial drop following China’s exile of its entire mining industry over the summer. However, the network has recovered from these losses and is poised for further growth. Plus, top miners plan to add hundreds of thousands of new machines in 2022, so this is just the start. Bitcoin’s carbon footprint is set to grow as major parties reject the shift to more energy-friendly alternatives over concerns about weaker security or centralization of the network, which are critical to the value proposition of Bitcoin. In many cases, the industry’s response has been to seek renewable sources of electricity or to purchase carbon credits.

$ 233,276

The floor price for a Bored Ape Yacht Club monkey. Founded in 2021 respectively, the Bored Ape Yacht Club Monkeys and CryptoPunks are ‘pfp’ collections, which means owners like to display their punk or monkey as a profile picture or avatar. You may have seen one of the 10,000 CryptoPunks or BAYC monkeys available as a Twitter avatar, Gmail icon, Facebook profile picture, or even a LinkedIn portrait. In the world of NFT, the “floor price” of NFTs (non-fungible tokens) is exactly what it sounds like: the lowest price to buy that asset class. Most sales of one of NFT’s oldest and most revered collections, CryptoPunks, also exceed that number. Floor prices, perhaps even more than digital artist Beeple selling a piece of art for $ 69 million, sum up what has been a hot 2021 for the NFT market.

In 2021, NFTs are set to become even more mainstream as leading exchanges such as Coinbase, FTX, Crypto.com, and Blockchain.com launch their own markets. That said, overall success will also require finding ways to make them more accessible to everyday investors, who make up 80% of all NFT buyers, who can’t afford the six, seven, or eight-figure spend. .

$ 27,000,000,000

The total amount of funding cryptocurrency companies raised from venture capitalists in 2021, more than the previous 10 years combined. In addition, almost all of the top 10 investment rounds this year, which grossed more than $ 6.3 billion, were the largest in the industry. never at the time of closing. The two biggest were crypto service provider NYDIG which raised $ 1 billion this month and a $ 900 million Series B round, which the FTX crypto derivatives exchange completed in July. Then just three months later, the Bahamas-based company raised an additional $ 420,690,000, increasing its valuation by 20 – from $ 1.2 billion just a year ago to $ 25 billion – perhaps. one of the most striking examples reflecting the meteoric growth of the industry over the past 12 years. month. FTX’s rapid success also made 29-year-old founder Sam Bankman-Fried the richest person under 30 on the planet, with a fortune of $ 26.5 billion.

In addition, appetites for business are only growing. Last month, crypto investment firm Paradigm announced a $ 2.5 billion venture capital fund, edging out Andreessen Horowitz’s $ 2.2 billion Crypto Fund III as the largest war chest of this type.

Source: Dove Metrics and Pitchbook

$ 12 billion

Approximate level of capital raised in 2021 to build the metaverse, a layer of virtual reality to the Internet. Leading the pack was Epic Games, which earlier this year raised $ 1 billion to ensure its games are not replaced by open source competitors built on blockchains. According to venture capital data site Crunchbase, more than 700 Metaverse-related deals have been completed this year in areas as diverse as online gaming and augmented reality (there was likely some overlap with blockchain as well). . In April, Forbes sold the first cover of NFT magazine for $ 333,333. Called Masters of the Metaverse, the cover showed Tyler and Cameron Winklevoss, who then raised $ 400 million to develop their cryptocurrency exchange and invest in a number of Metaverse-related projects.

The metaverse is sure to be one of the hottest topics in 2022, as Google search interest in the term has grown by 1000% over the past two months and significant vertical-related tokens such as AXS, MANA and SAND, are recording record growth. That said, real questions will need to be answered, such as when users will see the utility and if the metaverse really needs a blockchain. Keanu Reeves expressed the sentiments of many cryptopians when Facebook announced its rebranding to Meta, saying in an interview with The Verge, “Can’t we just make the Metaverse like Facebook invented. “

88%

The surge in open interest (OI), the amount of unpaid contracts at CME, so far in the fourth quarter of this year. Despite the 2020 bull run continuing through early 2021, OI turned negative in the spring as institutions cut some of their bets. The launches of ether futures and then micro-bitcoin futures did little to spur new growth in OI. Nine months after 2021, crypto OI was down 14%.

But then came the fourth trimester. The main catalyst was the US SEC’s approval of bitcoin futures ETFs, which only trade at CME. The dollar value of CME crypto futures reached around $ 4.7 billion per day in October 2021, a volume of 783% year-on-year, and temporarily made CME the largest crypto derivatives exchange in the world. After the launch of the three bitcoin ETFs, the CME’s crypto OI was now up 12% from its 2020 high, and the dollar value of those contracts had risen 351% to $ 5 billion. With this momentum, the CME rises high through 2022. However, it expects a much more crowded competitive landscape in 2021, and part of its “monopoly” positioning could be shaken if the SEC approves a long-awaited spot ETF. next year.

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Kalaari Sponsors Raised Over $ 600 Million In 2021 https://tagsarea.com/kalaari-sponsors-raised-over-600-million-in-2021/ Sun, 26 Dec 2021 18:48:28 +0000 https://tagsarea.com/kalaari-sponsors-raised-over-600-million-in-2021/

MUMBAI : Limited partners (LPs) of venture capital firm Kalaari Capital generated returns of over $ 600 million in 2021 alone after the company exited around 10 companies, partially or fully.

“We’ve had about 8-10 solid outings this year, some bigger than others. I think a few of our funds have brought in more than 2 times the capital raised and still hold large portfolios, ”said Vani Kola, Founder and Managing Director of Kalaari Capital, in an interview. “I think most of our funds will offer somewhere between a 4x to 5x return in total distribution over time, she added.

The fund that Kalaari launched in 2011 continues to be its best fund to date in terms of returns, according to Kola. Additionally, she said that another opportunity fund launched in 2016 continues to deliver strong returns to its LPs. The venture capital firm, which is currently investing from its fourth fund, counts Reliance Industries among its LPs.

According to Kola, around 40-45% of the fund is currently deployed and the company needs to provide follow-up capital to companies.

Kola’s comments come as Indian startups recorded record fundraisers from international and domestic venture capital firms and private equity (PE) firms in a year that spawned 42 unicorns, or private companies valued at over $ 1 billion to date.

Kalaari Capital has staked between $ 75 million and $ 90 million in 22 investments this year, ranking among the top private market investors in India in terms of activity. The early stage venture capital firm has also partially exited some of its larger holding companies including Dream11, Simplilearn, MilkBasket, Shop101, among others this year, generating healthy returns for its LPs.

VC’s biggest success to date has been its partial exit from fantasy sports company Dream11, owned by Dream Sports. In an April 1 post on LinkedIn, Kola said the venture capital firm has returned up to $ 206 million to its LPs, without disclosing details.

This year, Kalaari Capital has invested in many new sectors including fintech, e-commerce, SaaS (software as a service) and NFT (non-fungible tokens).

According to Kola, the venture capital firm continues to be bullish on these sectors.

“We have invested in these high tech companies because there is this growing tsunami in the service industry, the product industry, emerging technologies and intellectual property based businesses. These are things that we couldn’t do for two to three years, ”Kola said. “I think, in large part, all of this is bringing this digital transformation and a change in social behavior in India… it represents that in a microcosm,” she added.

The venture capital firm recently launched CXXO, which is looking to invest in startups run by women. As stated on its website, the mission of this program is to level the playing field for female founders and CEOs to shape India’s digital future by creating exponential value in the economy. Kalaari Capital has committed $ 10 million to the program and has supported three companies to date — Samosa Party, Kindlife and Creative Galileo.

nikhil.patwardhan@livemint.com

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Miami’s startup scene gets hotter during pandemic https://tagsarea.com/miamis-startup-scene-gets-hotter-during-pandemic/ Fri, 24 Dec 2021 13:07:01 +0000 https://tagsarea.com/miamis-startup-scene-gets-hotter-during-pandemic/

Miami has become a more desirable city than ever. An unexpected consequence of the pandemic, the tech industry is flocking to this glamorous South Florida city.

The beginnings of the hype on the Miami tech scene can be traced back to a single tweet in December 2020. The tweet was from Delian Asparouhov, an MIT dropout working as a venture capitalist in San Francisco. Asparouhov is director of Founders Fund, a technology-driven venture capital firm led by Peter Thiel and Keith Rabois. He had become frustrated with the high cost of living in the Bay Area.

One night, Asparouhov posted a tweet proposing to move Silicon Valley to Miami. Francois Suarez, the mayor of Miami with a disproportionate personality, saw the tweet while scrolling through his thread. One of Suarez’s political goals is to develop the tech scene in his city. Suarez posted a simple response, asking “How can I help?” His tweet sparked discussions within the tech community after it went viral.

Great movements

The tweet had a bigger impact than many could have imagined. Several tech companies, many from Silicon Valley, have opened offices or are relocating entirely to the Miami area. SoftBank, an investor in a tech company, pledged to invest $ 100 million in Miami-based startups in January 2021. Due to the city’s growing reputation as a startup hub, Palm Drive Capital, a New York-based venture capital firm announced the opening of a new Miami office.

In addition to tech companies, financial firms are moving or expanding to Miami. Financial giants such as Blackstone, Goldman Sachs and Citadel have opened offices in the region. Blackstone is betting on the city to develop its technology transactions team. The private equity firm believes Miami has the potential to attract and retain top tech talent.

In February 2021, Founders Fund signed a lease for a Brickell office building. Founders Fund’s has invested in notable technology companies such as SpaceX, Airbnb, Facebook, Palantir Technologies and Postmates. Founding partner Peter Thiel bought a mansion in the Venetian Islands. This chain of man-made islands is connected to the mainland of Miami by bridges. Keith Rabois, a general partner, also bought a $ 29 million home there.

Emerging scene of tech startups

As Chief Investment Officer at Miami Angels, Bruno Lulinski observed “exponential growth” in the local startup ecosystem in 2021. According to data from PitchBook, the Miami-Fort Lauderdale-Pompano Beach area was ranked among the top Top 20 regions of the United States. Reports for the volume and value of venture capital transactions.

While many have touted Miami as the “new Bay Area, others have dismissed the notion. “We don’t reproduce anything else. We’re building something completely new and ambitious, ”said Michelle Abbs, managing director of tech hub developer Mana Tech.

Billionaire businessman Moishe Mana is helping transform downtown Miami into a vibrant and diverse neighborhood that will attract startups, art and culture. Mana Tech is spearheading the development of the new Flagler District.

More job applicants open to relocate to Miami

Several Miami startups have noted that job applicants are increasingly open to the idea of ​​relocating to the city. Andrew Parker, CEO of Papa, a Miami-based startup that offers an on-demand company to seniors, reached a valuation of $ 1.4 billion. Dad recently signed a lease for office space in trendy Brickell. The office is designed in a spirit of collaboration. Parkers thinks the office has a “mini-New York feel.”

Maxeme Tuchman is co-founder and CEO of Caribu, a video calling app that makes dating easy for kids. She also saw an increase in the pool of applicants interested in Miami. “A lot of people saw what it was like to be locked in a cold place,” Tuchman said. She noticed that during the winter months, interest in Miami increased. After all, it’s a warm place with a growing startup scene. “I’ve had requests from my friends in Chicago, Bay Area, asking where is a good place to rent,” she commented.

In December 2021, Miami hosted Art Basel. The NFTs quickly passed the event. Thousands of NFT and crypto enthusiasts have descended on Miami to attend gallery exhibits, interactive experiences, and parties. Miami’s association with emerging technologies such as NFTs and crypto is also growing the city’s tech startup scene. Learn more about Miami’s growth as a crypto hub here.

Miami lifestyle appeal

Miami, nicknamed the Magic City, has several attractive lifestyle features. Considering the pandemic, it’s nice to have the opportunity to work outside in the warmth. Additionally, Florida is known for its pro-business policies and lack of personal income tax. Its sparkling nightlife and Latin American cultural influences make it a vibrant place to live, work and play. Finally, the influx of leading businesses and individuals relocating to South Florida has sparked greater enthusiasm for the city.

It seems the momentum around Miami isn’t just a fad and the city has long-term growth potential as a hub for startups. Venture capital investments are on an upward trajectory. Additionally, many entrepreneurs and technologists who moved to Miami at the start of the pandemic in search of warmer weather and fewer covid restrictions have remained in the city.

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