Venture Capital
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A Look At The Internal Memos Of Twitch And Periscope
Bessemer is actively investing in consumer video startups. It’s a space we’ve been focused on for a while now. We invested early in Twitch in 2012 following the company’s pivot from JustinTV (which sold to Amazon last year for ~$1 billion) and were one of the first seed investors in Periscope (which was acquired by Twitter earlier this year while their product was still in beta). Read More
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Bank Loans Are A Better Financing Option Than You Might Think
Today’s startup scene is all about raising VC money — as much as possible, as fast as possible. The market celebrates VC fund-raising, cheers unicorns and makes it seem like VC-backed startups are the holy grail of innovation. And so my fellow entrepreneurs were somewhat surprised to learn that when my VC-backed startup needed another cash injection, I resorted to the oldest trick… Read More
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Jack Dorsey Owns 24.4% of Square
Square’s newly revealed IPO filing shows that co-founder and CEO Jack Dorsey is the largest shareholder, owning 24.4% of the company. Square last raised capital at a $6 billion valuation, implying that Dorsey’s stake is worth at least $1.46 billion. We will get a better sense of what Square’s value as a public company when its expected share price range is revealed in the… Read More
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PubNub Expands Series C To $25M, Banks On IoT To Boost Business On Its Messaging Network
PubNub, the startup that has built a data network that carries messaging for apps, IoT hardware and other low-latency services, is today announcing that it has extended and closed its Series C round. The San Francisco-based company has raised $25 million, funding that it will use to sharpen its focus on Internet of Things applications and hardware as well as clean energy and social… Read More
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Loan Platform Kabbage Raises $135M At A $1B Valuation, Grows Credit Line to $900M
Kabbage — the online platform that loans money to businesses and individuals using a wide set of online data and algorithms to measure credit-worthiness — is growing once more. The startup based out of Atlanta has raised a Series E of $135 million, and expanded its credit facility — the money it has on hand to fulfil loans — to $900 million.
Kabbage is not… Read More
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Checkr Is Raising $30M+ For Its Background Checking API, Y Combinator Investing
As on-demand businesses like Uber and Instacart grow quickly, so too do the B2B startups that service their wider ecosystem. In the latest development, TechCrunch has learned and confirmed with several sources that Checkr — which runs background checks and vets potential hires by way of an API for the likes of Uber, Instacart and Handy, and other fast-growing startups like Zenefits… Read More
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What Los Angeles Is Missing
L.A. tech has clearly hit its growth inflection point, but the City of Angels has yet to get its startup wings. Here’s the good news: In 2014 alone, we raised more than $3 billion, saw more than $5 billion realized capital across over 80 exits and became the fastest growing startup region in the U.S. Read More
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Four Reasons Why Sports Startups Are Scoring Big
When a professional sports team wins a title, it makes the front page of The New York Times. When Tom Brady, quarterback for the New England Patriots, controversially may (or may not) have deflated some footballs during a crucial game against the Indianapolis Colts, it was reported by every news media and became a trending topic on Twitter. Sports are a major part of our culture, and its… Read More
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500 Startups Launches Another New Fund: 500 Istanbul
No one can accuse 500 Startups of being lazy. The venture firm and accelerator program is currently raising half a dozen funds, including a $200 million global fund; a $10 million fund focused on Southeast Asia; a $10 million Thailand-focused fund; a $10 million Korea fund; a Japan-focused fund that’s looking to raise $30 million; and a $10 million fund that it’s calling its… Read More
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A Closer Look At European Investing
We’re bullish on Europe, and that strikes some folks in the U.S. as a bit strange. It’s not that Europe is all we know — we’re an investor in early venture stage funds (an “LP”) in the US, Europe and Israel. Our portfolio skews towards the U.S.; and within the U.S., to the Bay Area. Over the last 18 months or so, we’ve been crossing and re-crossing… Read More
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