The tech industry is volatile and Backstage Capital founder and Managing Partner Arlan Hamilton is experiencing that firsthand. Last May, Hamilton announced the launch of a $36 million fund to invest in as many women of color as possible. But the $36 million fund, which would mark Backstage’s second fund, has yet to close, as […]
View More Backstage Capital’s $36 million fund is taking longer to raise than expectedCategory: Venture Capital
Glossier triples valuation, enters unicorn club with $100M round
The direct-to-consumer beauty brand has secured new investment from Sequoia Capital at a valuation of $1.2 billion.
View More Glossier triples valuation, enters unicorn club with $100M roundSouth Africa’s FlexClub raises $1.2M, partners with Uber Mexico
FlexClub, a South African startup that matches investors and drivers to cars for ride-hailing services, closed a $1.2 million seed round led by CRE Venture Capital. The company will use the financing to add team members and expand off the continent through a partnership with Uber Mexico. The move comes as Africa’s tech-transit space continues […]
View More South Africa’s FlexClub raises $1.2M, partners with Uber MexicoAxeleo Capital raises $51 million fund
Axeleo Capital has raised a $51 million fund (€45 million). Axeleo first started with an accelerator focused on enterprise startups. The firm is now all grown up with an acceleration program and a full-fledged VC fund. The accelerator is now called Axeleo Scale, while the fund is called Axeleo Capital. And it’s important to mention […]
View More Axeleo Capital raises $51 million fundGeneral Catalyst just carved out an aggressive new seed-stage program — here’s what to know
General Catalyst is diving more seriously into the business of funding seed-stage startups. To wit, the venture firm is announcing today that it plans to invest at least $25 million each year in nascent teams that “can’t be too early” for the firm to see, according to Katherine Boyle, an investor with the firm who […]
View More General Catalyst just carved out an aggressive new seed-stage program — here’s what to knowY Combinator bets on the booming podcast industry
Brew helps creators get paid to podcast with a subscription-based app complete with original shows.
View More Y Combinator bets on the booming podcast industryStartups Weekly: Uber’s headline-grabbing week and sextech at SXSW
In this week’s newsletter: The college admissions scandal engulfs TPG, Accel raises $2.5B for three funds and investing app Stash brings in $65M.
View More Startups Weekly: Uber’s headline-grabbing week and sextech at SXSWWhat to watch for in a VC term sheet
Mital Makadia Contributor Mital is a partner at Grellas Shah, focusing on representing tech startups and startup founders. She provides counsel on a variety of corporate and transactional matters and negotiates and structures equity financings, M&A transactions, and commercial and intellectual property transactions for her clients. When startup founders review a VC term sheet, they […]
View More What to watch for in a VC term sheetZeus raises $24M to make you a living-as-a-service landlord
Cookie-cutter corporate housing turns people into worker drones. When an employee needs to move to a new city for a few months, they’re either stuck in bland, giant apartment complexes or Airbnbs meant for shorter stays. But Zeus lets any homeowner get paid to host white-collar transient labor. Through its managed ownership model, Zeus takes […]
View More Zeus raises $24M to make you a living-as-a-service landlordLee Fixel is leaving Tiger Global
Lee Fixel, the low-flying head of Tiger Global’s private equity business, is leaving at the end of June, the firm announced today in a letter sent to clients and seen by Reuters. Scott Shleifer and Chase Coleman will continue as co-managers of the portfolios Fixel has overseen, with Shleifer taking over as its head, according […]
View More Lee Fixel is leaving Tiger GlobalHotelTonight, Slack stakeholder Accel stays on top with $2.5B fund
Sources confirm Accel has nabbed $2.5 billion — its largest pool of capital yet — for three new funds.
View More HotelTonight, Slack stakeholder Accel stays on top with $2.5B fundCan there be too much competition between startups?
Competition is the core of capitalism. Competition between companies lowers prices — on average — and ensures that they are forced to innovate lest they lose their markets to others. Competition between workers ensures that people strive to do their best work lest their jobs go to more qualified or faster or cheaper replacements. Obviously, […]
View More Can there be too much competition between startups?