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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). But it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc). But it still takes VC to scale a business (thus large capital into industry winners like Uber, Airbnb, SnapChat, etc).

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What is it Like to Negotiate a VC Round?

Both Sides of the Table

The truth is that I’ve been warning about convertible notes since 2010 it was first declared that “convertible notes have won.” ” Today I want to talk about how a VC thinks about equity pricing on your round and particularly if you’re coming off of a convertible note. It’s very simple.

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Advice to Rising VCs and Founders Navigating The Correction

Revolution

VC dollars are at risk, we conducted a historical analysis of top quartile fund managers over the past quarter century (as far back as we could access reliable Cambridge Associates data). We looked at the analysis in two parts: the 1997–2010 time period and the 2011–2020 time period. But what could that look like?

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Uganda’s Tugende closes $3.6M Series A extension to meet the demand for its asset finance products

TechCrunch

Ugandan technology-enabled asset finance company Tugende today announced that it has closed $3.6 This brings Tugende’s total Series A financing to $9.9 This brings Tugende’s total Series A financing to $9.9 San Francisco and Paris-based VC firm, Partech led the round. Development Finance Corporation.

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Daily Crunch: Embedded finance fintech Pezesha raises $11M pre-Series A equity-debt round

TechCrunch

Embed that finance : Pezesha, a Kenyan-based fintech startup, is flush with $11 million in new capital as it seeks to bridge the gap between access to financial products and what is a “$330 billion financing deficit for the small enterprises that make up 90% of Africa’s businesses,” Annie reports. Startups and VC.

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New report examines Africa’s growth in the digital economy and VC investment landscape

TechCrunch

The dynamics that play into this forecast, aside from the impact of COVID, include a youthful population (the youngest globally), rising smartphone adoption and internet penetration that has led to a burgeoning tech ecosystem backed by local and international VC dollars. from 2010 to 2019. and Latin America’s 2.8%.

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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

It will make follow-on financings much harder and people will have to consider whether or not to do inside rounds. These are all normal things but in this big run since 2009 we’ve all gotten used to nearly 100% follow-on financing rates, valuations only moving up, deals clearly the convertible note caps and low mortality rates.

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