Remove 2009 Remove financing Remove peer-to-peer
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AI drug discovery platform Insilico Medicine announces $255 million in Series C funding

TechCrunch

Insilico Medicine, an AI-based platform for drug development and discovery, announced $255 million in Series C financing on Tuesday. It’s also yet another indicator that AI and drug discovery continues to be especially attractive for investors. . Previously, the company had raised $51.3 million in funding, according to Crunchbase. .

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What Future for Accelerators?

Both Sides of the Table

It was 2009 and it was terribly difficult to get any financing (if you can remember a time like that!) I have been involved with a high profile one in Los Angeles – Launchpad LA – and we’ve decided to make a shift so I thought this was a good time for reflection. We had a specific goal in mind. Yeah, he was LA, baby!

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Raising $$ on AngelList? Working w/ McClure? Ask Jody Sherman

Both Sides of the Table

I was an angel investor in his company, made a bunch of calls on his behalf and then I personally sent it out on AngelList. Through this process he raised $2 million. When I described to people why I initially invested my calls went something like this, “He’s taken kicks to the face for nearly 2 years and is still standing.

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The Changing Structure of the VC Industry

Both Sides of the Table

The VC market has right-sized (returned back to mid 90′s levels & less competition). Lower costs to start a business (95% reduction), many more companies created & funded by angels / seed. But it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc). Why is this?

VC 398
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Upfront Ventures Raises > $650 Million for Startups and Returns > $600 Million to LPs

Both Sides of the Table

If I look back to the beginning of the current tech boom which started around 2009, we often wrote a $3–5 million check and this was called an “A round” and 12 years later in an over-capitalized market this became known as a “Seed Round” but in truth what we do hasn’t changed much at all.

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MFS Africa collects $100M to expand its digital payments gateway across the region

TechCrunch

The company confirmed to TechCrunch that it has raised $100 million in Series C financing — split between $70 million equity and $30 million debt. He started the company in 2009, facilitating peer-to-peer transactions from Kenya to Zambia, Uganda, Zimbabwe and the Ivory Coast, and vice versa.

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The Tory Burch Foundation Fellowship Program is Accepting Applications

Smart Hustle Magazine

The entrepreneurs will get to participate in virtual programming that’s been custom-tailored to meet the needs of businesses during COVID-19, receive access to an online network of 130+ peers, $5K for education, and much more. But attaining the right resources, funds, and support can be an uphill battle. www.guidantfinancial.com.