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Accelerating Working Capital

A VC: Musings of a VC in NYC

As policy makers around the world seek to mitigate the economic shock from this pandemic, one less obvious but powerful place to look are working capital flows. We also need our capital markets to work so actions like the Fed is taking are necessary and important.

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Governor Murphy Announces Proposed Fintech Accelerator in Hoboken

American Entrepreneurship

NJ FAST will allow for new entrepreneurs to bring their world-class ideas to New Jersey, increasing our state’s already impressive talent pool, all while capitalizing on the resources and expertise of our partners at Stevens Institute of Technology. million in the fintech accelerator. Plug and Play invests in over 250 companies a year.

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Virtual Data Rooms: The Unsung Hero of Biotech Financing

Andreessen Horowitz

But how can biotech teams effectively communicate to investors and partners how they will, with each round of financing, incrementally reduce the risks of discovering and developing successful new drugs? How much of the total financing is allocated towards the lead program? key in vivo data results).

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Onramp Funds accelerates e-commerce financing platform with $42M in equity, credit

TechCrunch

Onramp Funds , an Austin-based company providing financing to e-commerce sellers, secured $42 million in equity and credit to expand its working capital offering. Luther King Capital Management led the funding, which also included a group of high-net-worth individuals. Onramp Funds web platform. Image Credits: Onramp Funds.

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Ghost Financial whips up new capital into finance tools for ghost kitchens

TechCrunch

When Keto Kitchen had good sales in the first quarter, Meyer went to the bank to ask for expansion financing and recalled the banker asking him what a ghost kitchen was. That told him there was an opportunity for a data-driven financing tool for these types of restaurants. The project is backed by Kelli Jones of Sixty8 Capital.

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What Future for Accelerators?

Both Sides of the Table

Accelerators have had quite a good run the past 5+ years. Not just Y Combinator and TechStars but a host of other accelerators across the country. I had witnessed a number of early-stage tech startups in LA raise seed capital from the Bay Area and relocate. None of us was convinced the market really needed 5 accelerators.

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AWS launches new $30M accelerator program aimed at minority founders

TechCrunch

Amazon Web Services (AWS) today launched a new program, AWS Impact Accelerator , that will give up to $30 million to early-stage startups led by Black, Latino, LGBTQIA+ and women founders. But critics contend that AWS Impact Accelerator doesn’t go far enough in supporting historically marginalized entrepreneurs.