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What Happened In 2020

A VC: Musings of a VC in NYC

So today, I will write about 2020 in the context of tech/startups/VC/crypto. 3/ Technology based commerce solutions gain when less people venture into stores to buy groceries, clothes, and other consumer products. And they finance the trend that they are directionally correct about. That’s just how things are.

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Financing Document Forms

A VC: Musings of a VC in NYC

Many founders want to do SAFE note financings for their early rounds to save time and money. My response to that is “let’s do a priced round, we can use a standard financing form we both like, we won’t use a lawyer on our side, and we can close in a week.” Everything else is pretty standard anyway.

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Nigerian fintech Okra raises $3.5M backed by Accenture Ventures and Susa Ventures

TechCrunch

based Susa Ventures led this latest tranche of investment. Other investors include TLcom Capital (the sole investor from its $1 million pre-seed round in 2020), newly joined Accenture Ventures and some angel investors. Susa Ventures, its lead investor, has made notable early investments in Robinhood, Flexport and Fast.

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In 2020, VCs invested $428M into US-based startups every day

TechCrunch

Despite a pandemic that sparked a global recession, 2020 was still a record year for venture capital investments into American startups. According to data shared by PitchBook and the National Venture Capital Association, investors poured $156.2 venture capital market in 2020 was hot, it was not newly so.

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GetVantage offers revenue-based financing to India’s founders

TechCrunch

That’s the gap that revenue-based financing platforms like GetVantage want to fill. The Mumbai-based startup announced today that it has raised $36 million in equity and debt led by Varanium Nexgen Fintech Fund, DMI Sparkle Fund, along with returning investors Chiratae Ventures and Dream Incubator Japan.

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5 investors discuss what’s in store for venture debt following SVB’s collapse

TechCrunch

But there’s one question that many startups and investors are hoping will get answered sooner rather than later: What happens to venture debt? SVB was one of the larger, if not the largest, providers of venture debt to U.S.-based “Venture debt has its advantages, more so than ever before,” Bakalar said.

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Got the right stuff? Exhibit and pitch at TC Sessions: Space 2020

TechCrunch

Join a global community of brilliant visionaries, makers and investors on December 16-17 for TC Sessions: Space 2020 , an online conference dedicated to moving beyond the confines of this world through innovative tech and to creating stellar startup opportunities. military and VCs determined to finance pioneering space startups.

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