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Changes in the Venture Capital Funding Environment

Both Sides of the Table

I remember when seed funds first started (they were being incorrectly called “super angels” and then Micro VCs before Seed Funds stuck) and every LP (who invest in VCs) told me they weren’t convinced about Seed Funds (too small, too hard to pick winners, would they be able to follow on?). Now seed funding is conventional wisdom.

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Convertible Debt: Worst Form Of Seed Financing — Except For All The Others

Gust

How to finance a new seed-stage startup? Every investment so far in this YC batch (and there have been a lot) has been done on a convertible note.” ” Ressi in particular seems to be passionate about removing the “debt” component from convertible debt seed financing transactions. .”

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Accel closes on $3B across three funds as it ramps up global investing

TechCrunch

Notably, the 38-year-old Silicon Valley-based venture firm is doubling down on global investing. billion global “Leaders” fund that is focused on later-stage investing that Accel closed in December. Accel expects to invest in about 20 to 30 companies per fund on average, according to Partner Rich Wong.

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An Inside Scoop on the Funding Environment and What it Might Mean for You

Both Sides of the Table

Mark dutifully went to partner meetings, back-channel references began, firms started calling existing VCs to “test prices” and we started debating whom our best partner would be. Mutual funds had begun marking down the valuations of their private investments in high-profile deals. Great companies get financed.

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Making sense of Klarna

TechCrunch

That only changed in 2019, when it decided to incur losses in favor of investing millions trying to conquer the U.S. People referred to them as the invoicing company.”. Klarna is also, perhaps, even more mythical than a unicorn: a fintech that has been profitable nearly from the get-go. market, choosing New York and L.A.

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Affirm spinout Resolve raises $60M for its B2B ‘buy now, pay later’ platform

TechCrunch

Notably, the two companies refer business to each other. Tsai describes Affirm founder Max Levchin as a “friend” with whom he has been working in a variety of capacities since 2012. So we’re investing heavily in products and the customer sides of the business, given all the demand that we’ve seen,” Tsai said.

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Austin’s newest unicorn: The Zebra raises $150M after doubling revenue in 2020

TechCrunch

million since its 2012 inception. Some of the things the company is planning include a national advertising campaign and adding tools and information so it can serve as an “insurance advisor,” and not just a site that refers people to carriers. Existing backers Weatherford Capital and Accel also participated in the funding event.