Category: Startup company

June 5, 2019 Off

The Stanford connections behind Latin America’s multibillion-dollar startup renaissance

By Jill T Frey

The houses along the tree-lined blocks of Josina Avenue in Palo Alto, with their big back yards, swimming pools and driveways are about as far removed from the snarls of traffic, sputtering diesel engines, and smoggy air of South America’s major metropolises as one can get.

But it was in one of those houses, about a twelve-minute bicycle ride from Stanford University, that the seed was planted for what has become a renaissance in technology entrepreneurship in Latin America.

Back in 2010, when Adeyemi Ajao, Carlo Dapuzzo, and Juan de Antonio were students at Stanford’s Graduate School of Business they could not predict that they would be counted among the vanguard of investors and entrepreneurs transforming Latin America’s startup economy.

At the time, Ajao was negotiating the sale of his first business, the Spanish social networking company, Tuenti, to Telefonica (in what would be a $100 million exit). Carlo Dapuzzo … Read the rest

June 3, 2019 Off

Fitness startup Mirror nears $300M valuation with fresh funding

By Jill T Frey

Today, Peloton is a bonafide success. The company, which sells $2,245 internet-connected exercise bikes, boasts a $4 billion valuation and a cult following.

That hasn’t always been the case. For years, Peloton battled for venture capital investment and struggled to attract buyers. Now that it’s proven the market for tech-enabled home exercise equipment and affiliated subscription products, a whole bunch of startups are chasing down the same customer segment.

Mirror, a New York-based company that sells $1,495 full-length mirrors that double as interactive home gyms, is closing in a round of funding expected to reach $36 million, sources and Delaware stock filings confirm, at a valuation just under $300 million. It’s unclear who has signed on to lead the round; we’ve heard a number of high-profile firms looked at Mirror’s books and passed. The company has previously raised a total of $38 million from Spark Capital, First Round Capital, Lerer … Read the rest

June 3, 2019 Off

Flash Sale! Buy a mobility startup package, get one for free at Disrupt SF

By Jill T Frey

Check your calendars, mobility startup fans. It’s only five short weeks until TC Sessions: Mobility 2019 goes down in San Jose. Get ready to dive into the current state of mobility, challenge assumptions, put hyperbole in its place and help shape the future of these rapidly evolving technologies.

And if you want to expose your early-stage mobility startups to mobility’s brightest, most influential founders, technologists and investors, take advantage of this limited-time flash sale. When you buy a demo table at TC Sessions: Mobility you’ll get a free Startup Alley Exhibitor Package at Disrupt San Francisco 2019*. And guess what — in addition to a demo space, both events’ startup packages come with three attendee tickets!

This double-demo opportunity comes to a grinding halt on Friday, June 7 at 11:59 pm (PT) and is exclusively for early-stage mobility startups. Don’t miss your chance to showcase your company to thousands of … Read the rest

June 1, 2019 Off

Startups Weekly: Will the real unicorns please stand up?

By Jill T Frey

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s noteworthy venture capital deals, funds and trends. Before I dive into this week’s topic, let’s catch up a bit. Last week, I wrote about the sudden uptick in beverage startup rounds. Before that, I noted an alternative to venture capital fundraising called revenue-based financing. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets.

Here’s what I’ve been thinking about this week: Unicorn scarcity, or lack thereof. I’ve written about this concept before, as has my Equity co-host, Crunchbase News editor-in-chief Alex Wilhelm. I apologize if the two of us are broken records, but I think we’re equally perplexed by the pace at which companies are garnering $1 billion valuations.

Here’s the latest data, according to Crunchbase: “2018 outstripped all previous years in terms of … Read the rest

May 28, 2019 Off

Seedlegals closes $4M Series A, led by Index Ventures, to automate startup fundraisings

By Jill T Frey

When SeedLegals launched in 2017 in the UK, I’d say many of us thought “why has that not been done before?”. After all, two things have happened which make this an obvious idea for a startup: startup funding rounds are now so common that there is no reason large amounts of automation could be done. If you can buy a divorce online, surely you can organise funding rounds?

The second trend is the sheer level of automation happening in legal software today. After all, we now have “Uber for Lawyers” (Lexoo, Linkilaw, Lawbite) and AI-driven legaltech (KIRA, Luminance, ThoughtRiver). (Eventually, we will have blockchain smart contracts do ALL the work, but that’s for another time…).

So it’s not unsurprising that today SeedLegals announces it has closed a $4 million Series A led by venture capital firm Index Ventures (London/SF/etc) with participation from Kima Ventures (Paris/TelAviv), The Family (Paris) … Read the rest

May 25, 2019 Off

Which public US universities graduate the most funded founders?

By Jill T Frey

A lot of students attend public universities to lessen the financial burden of higher education. At last tally, tuition and fees at American public colleges and universities averaged around $6,800 a year, per the federal government. That’s far below the $32,600 mean price tag for private, nonprofit institutions.

Yet when it comes to public universities, the old adage “you get what you pay for” clearly does not apply. Leading public research universities in particular have a track record of turning out enviably knowledgeable and successful graduates. That includes a whole lot of funded startup founders.

And that leads us to our latest ranking. At Crunchbase News, we’ve been tracking the intersection of alumni affiliation and startup … Read the rest

May 25, 2019 Off

Startups Weekly: VCs are drunk on beverage startups

By Jill T Frey

Hello and welcome back to Startups Weekly, a newsletter published every Saturday that dives into the week’s most noteworthy venture deals, fundraises, M&A transactions and trends. Let’s take a quick moment to catch up. Last week, I wrote about an alternative to venture capital called revenue-based financing and before that, I jotted down some notes on one of VCs’ favorite spaces: cannabis tech. Remember, you can send me tips, suggestions and feedback to [email protected] or on Twitter @KateClarkTweets.

This week, I want to share some thoughts — questions, rather — on beverages. Just as my inbox has been full of cannabis-related pitches, it’s also been packed with descriptions of new…drinks. Perhaps the most noted so far is Liquid Death, canned water for the punk rock crowd, because why not? Liquid Death has attracted nearly $2 million in funding from angel investors like Away co-founder Jen Rubio and … Read the rest

May 23, 2019 Off

Indian PM Narendra Modi’s reelection spells more frustration for US tech giants

By Jill T Frey

Amazon and Walmart’s problems in India look set to continue after Narendra Modi, the biggest force to embrace the country’s politics in decades, led his Hindu nationalist Bharatiya Janata Party to a historic landslide re-election on Thursday, reaffirming his popularity in the eyes of the world’s largest democracy.

The re-election, which gives Modi’s government another five years in power, will in many ways chart the path of India’s burgeoning startup ecosystem, as well as the local play of Silicon Valley companies that have grown increasingly wary of recent policy changes.

At stake is also the future of India’s internet, the second largest in the world. With more than 550 million internet users, the nation has emerged as one of the last great growth markets for Silicon Valley companies. Google, Facebook, and Amazon count India as one of their largest and fastest growing markets. And until late 2016, they enjoyed great … Read the rest

May 22, 2019 Off

Getting a seat at the VC table

By Jill T Frey

We are witnessing the greatest paradigm shift in power since the advent of the venture capital industry. Since taking my first VC role in 2012, I’ve seen more change in the past year than all other years combined.

Six years after Ellen Pao’s landmark gender discrimination case against Kleiner Perkins Caufield & Byers, Mary Meeker announced her departure to start a new fund with three other KPCB investors. Arlan Hamilton from Backstage Capital graced the cover of Fast Company with the caption “Venture Catalyst.” AllRaise’s circulation of a growing list of job postings is regularly hitting … Read the rest

May 22, 2019 Off

Reserve your demo table for TC Sessions: Mobility 2019

By Jill T Frey

Early-stage startup ingenuity is one of the driving forces shaping the rapid, radical changes taking place in mobility and transportation. Come July 10, TechCrunch will host more than 1,000 movers, shakers and makers in San Jose for TC Sessions: Mobility 2019 for a day-long exploration of the technologies and challenges upending both industries.

Talk about a targeted audience. It’s the perfect place and opportunity to strut your startup stuff. Simply book a demo table to position your company in front of some of the most influential founders, investors, technologists and media. Networking made simple. You’re welcome.

TC Sessions: Mobility is jam-packed with speakers, workshops and demos that showcase an astounding range of topics, technologies, products and insight. We’ll dig deep into the future of transportation and mobility — including new and once-unimaginable technologies that lie ahead. We’ll cover the promises, the problems and the potential. And don’t worry, we’ll cover … Read the rest