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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

IMVU has raised more than $77 million from five rounds since it was co-founded by “The Lean Startup” author Eric Ries back in 2004. Founded in 2005, NetEase is now known for its news portal, music streaming app, education products and video games that compete with those of Tencent.

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5 questions emerging managers should ask before selecting LPs

TechCrunch

When most people think of venture capitalists, they often think of investors, the people writing checks to fund startups. Linda Greub Contributor Share on Twitter Linda Greub is the co-founder and managing partner of Avestria Ventures. But that image is only one part of venture capital.

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What the Past Can Tell Us About the Future of Social Networking

Both Sides of the Table

But AOL brought online services, email, chat and discussion boards to the masses and thus educated a generation that paved the way for others. It did not have the same success as Google’s acquisition and MySpace sold Photobucket 2 years later to a relatively unknown Seattle-based startup called Ontela for a reportedly $60 million.

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Entrepreneurial Spirit Drives a Mission to Connect People With Popongo

StartupNation

So, I traveled to West Yorkshire, England, to acquire an education then went back to Jamaica to start my professional career. I later moved to Denver, Colorado, and have worked in the world of banking and real estate as a partner and co-CEO of a company called Legacy Management Group since 2004.

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Investors are missing out on Black founders

TechCrunch

Historically, many Black students (more so Black male students), are influenced by sports as a vehicle to higher education and not necessarily the institutions recognized for technological prowess. Despite having great grades and graduating with honors, I was completely unaware of how valuable an Ivy League education could be.

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The iconic VC-Backed founders are all White & Asian men. So why invest in diversity?

David Teten VC

This would be easy to detect: among their portfolio companies, do startups with female founders outperform those without? First Round Capital found that among its portfolio companies, startups with female founders outperformed those without by 63%.” . If they had missed it, they would have failed to return capital after fees.”.

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Broaden your view of ‘best’ to make smarter, more inclusive investments

TechCrunch

This would be easy to detect: among their portfolio companies, do startups with female founders outperform those without? First Round Capital found that among its portfolio companies, startups with female founders outperformed those without by 63%.”. Diverse Executive Teams returned 3.3x, while White Executive Teams only returned 2.0x.