Tusk Ventures
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Join a Live Q&A with Bradley Tusk tomorrow at 1pm ET/10am PT
Bradley Tusk is relatively unique among investors. Where other VCs shy away from heavily regulated industries and businesses, Tusk leans in.
The Tusk Ventures founder and CEO has investments that include Uber, Bird, Coinbase, Lemonade, FanDuel and Alma Health.
At a time when good governance is front and center, and innovative thinking to evolve the status quo is necessary, we couldn’t be more thrilled to have Tusk join us for a live Q&A session.
In the last decade, public perception of the tech industry has changed dramatically. When Tusk first invested in Uber, the “ask for forgiveness, not permission” era was well underway. Since, tech has slowly been seen as an enemy after an erosion of public trust by big and small firms alike. Has the coronavirus pandemic shifted the tide of public sentiment in favor of tech? This is but one of many questions we’ll ask Tusk.
We’re also excited to hear from Tusk on adaptation strategies for tech startups during this time, how they can catch the ear of government officials and regulators during COVID-19 in a way they couldn’t just a few months ago and how founders can be better leaders to their companies during a time of crisis.
We’ll also chat specifically about the potential of digitized voting tools and the explosion of telehealth amidst the pandemic.
There will be plenty of time for audience questions, so come prepared!
Hit up this link to drop the Zoom details into your calendar! See you there!
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Political ‘fixer’ Bradley Tusk closes second fund on $70M
Tusk Venture Partners, the venture capital firm led by Bradley Tusk and managing partner Jordan Nof, has secured $70 million for its second flagship fund, the firm has confirmed to TechCrunch following a report by Fortune this morning.
Fundraising for the effort began in January, when the pair filed paperwork with the U.S. Securities Exchange Commission for Tusk Venture Partners II. The firm, and affiliated political advisory outfit Tusk Ventures, is behind a number of high-profile startups, including e-scooter “unicorn” Bird, cryptocurrency exchange Coinbase and Ro, a direct-to-consumer healthcare business best known for selling erectile dysfunction medication.
The New York-based firm, founded in 2011, previously raised $36 million for its debut fund — capital it used to back fantasy sports company Fanduel, insurtech business Lemonade and D2C vitamin seller Care/of.
Tusk, before launching Tusk Ventures, served as campaign manager for Mike Bloomberg, as deputy governor of Illinois and as communications director for Senator Chuck Schumer. He also penned the book, The Fixer: My Adventures Saving Startups from Death by Politics, released in 2018.
Naturally, Tusk Ventures provides companies more than just checks. The politically savvy team lends its expertise to support companies plagued with regulatory barriers and communications issues, as well as help with grassroots organizing, opposition research and partnerships.
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E-scooter startup Bird is raising another $300M
Electric scooter startup Bird is said to be nearing a deal to extend its Series C funding with an additional $300 million led by cross-over investor Fidelity, according to an Axios report. Bird declined to comment.
Fidelity has not previously invested in Bird and is reportedly doing so at a flat pre-money valuation of $2 billion, which Bird earned with a $300 million Sequoia-led financing in June. Santa Monica-based Bird has raised more than $400 million in venture capital funding to date from investors, including Accel, CRV, Greycroft, Index Ventures, Upfront Ventures, Craft Ventures and Tusk Ventures.
The investment comes at a time when many investors are losing faith in scooter startups’ claims to be the solution to the problem of last-mile transportation, as companies in the space display poor unit economics, faulty batteries and a general air of undependability. Lime, Bird’s biggest e-scooter competitor, has at least expanded its suite of micro-mobility offerings from bikes and scooters to LimePods, a line of shareable vehicles available in Seattle, to peak investor interest. San Francisco-based Lime has been seen pitching to investors in Silicon Valley recently, too, with reports indicating it’s looking for a $400 million investment at a $3 billion valuation — more than three times the valuation it garnered with a $335 million round in July.
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Can the Airbnb regulatory nightmare be solved with more tech?
Sharing economy startups like Airbnb and Uber have gone nuclear to defend their business model, suing city governments or shuttering their services entirely when they don’t get their way. Airbnb recently sued the City of San Francisco over legislation that would require Airbnb to boot hosts off its platform if they don’t register with the city. Uber and Lyft haven’t had… Read More
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