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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Closing a VC fund in 2009/10 is a major achievement in and of itself. Founded in November 2007 in New York City by Alexis Maybank and Kevin Ryan (co-founder of DoubleClick); CEO is Susan Lyne (ex-CEO Marta Stewart Living Omnimedia) Revenue estimates: $50mm in 2008; $170mm in 2009 (versus budget of $150mm); $450mm forecasted for 2010.

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Instead of sticking a fork in the venture market, realize. there is no fork

This is going to be BIG.

How else can you explain this headline matching a story about a professional social network still trying to explore revenues raising $17mm on an $80mm valuation? The last closed market we had was from about September 2008 until June 2009--10 months. International and non-Valley startup communities are developing at a rapid pace.

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Sila banks $13M to offer single API for developing financial products, services

TechCrunch

CEO Karkal has a long history in the fintech space, co-founding Simple, an app unifying various accounts into one accessible bank card, in 2009. Its banking APIs enable developers to create their own digital wallets, replacing the need to integrate with legacy financial institutions.

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This Week in the New York Innovation Community – February 1st, 2010

This is going to be BIG.

Monday, February 1st 10:30AM Branding the Future with Social Engagement, sponsored by Pepsi Refresh The opening session of Social Media Week will focus on a top-level discussion of the increasing importance in utilizing social media to grow and develop corporate brands in the twenty-first century. So which is it? RSVP: [link].

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Taiwan’s funP Innovation raises $3.12m to fuel smart retail, cloud drive into Indonesia

AsiaTechDaily

In a statement, FunP said that it will use the recent capital injection to develop and roll out smart retail and cloud services solutions for the Indonesian market and other Asia Pacific (APAC) countries, under its business unit cacaFly and in a partnership with Ennoconn.

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Metropolis’ AI Platform Transforms Parking Experiences, Backed by $1.8 Billion in Financing

American Entrepreneurship

The company now has North America’s largest parking network having also purchased Premier Parking’s 500+ locations in 2022. He also co-founded ParkMe in 2009 achieving the world’s most comprehensive parking database. (SP+) now offers this service to over 4,000 SP+ locations through its AI-driven platform.

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AppWorks closes third fund with $150M for Taiwan and Southeast Asia startups

TechCrunch

AppWorks Fund III’s limited partners include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai Group, Wistron, Cathay Life, Phison Electronics and Taiwan’s National Development Fund. Founded in 2009, AppWorks started its accelerator program before launching a $11 million debut fund in 2012.

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