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A Gen Z VC speaks up: Why Gen Z VCs are trash

TechCrunch

Andrew Chan is a senior associate at Builders VC , investing in early-stage companies that are transforming pen and paper industries. Gen Z VCs have raised funds, garnered social media followings and profited from the Gen Z mentality. Andrew Chan. Contributor. Share on Twitter. Objectively speaking, and much to my chagrin, I’m a Gen Z.

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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. Michael Wilkerson founded Tugende in 2012.

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The Velocity of Money in Startupland

Tomasz Tunguz

The time it takes for a dollar to appear in an LP’s pocket, for the LP to wire it to a VC fund, and for the VC fund to invest can be measured in minutes. See that blip in 2012? VC fundraising will achieve a record. VC fundraising will achieve a record. There are 3-5 financings and M&A every working day.

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Just How Troubled is the Bay Area Startup Scene?

Tomasz Tunguz

Bay Area startups claimed of 55% total dollars up from 45% in 2012. More financings occur outside San Francisco, but Bay Area companies now raise 2000 to 2500 rounds per year, up from 404. It’s not that VC dollars have left San Francisco to fuel other geographies. per year to $30b-$36b per year.

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Free Money for Student Tech Founders

David Teten VC

We have collected a wide range of freebies, contests, accelerators, online communities, and VCs designed for student tech founders. I have been researching this both to support Versatile VC ’s portfolio companies and also as part of research for my new book, To University and Beyond: Launch Your Career in High Gear. 1) Your school.

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Revenue-Based Investing: A New Option for Founders who Care About Control

David Teten VC

Does the traditional VC financing model make sense for all companies? VC Josh Kopelman makes the analogy of jet fuel vs. motorcycle fuel. VCs sell jet fuel which works well for jets; motorcycles are more common but need a different type of fuel. . Absolutely not. So what is Revenue Based Investing?

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Savannah Fund launches $25M fund to invest in African startups at seed and Series A

TechCrunch

Since launching in 2012, Savannah Fund — led by Mbwana Alliy and Paul Bragiel — has backed more than 30 startups. Before becoming a VC firm, Savannah Fund started as an accelerator program in Kenya. South African VC firm Knife Capital gets first commitment for its $50M fund, to invest in 10-12 Series B rounds.

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