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Why does a16z need its own Y Combinator?

TechCrunch

In exchange for an unannounced percentage of ownership, “a16z START” will offer early-stage founders up to $1 million in venture capital. The checks are backed by a $400 million seed fund , which closed in August 2021. Andreessen Horowitz unveils piloted program for early-stage entrepreneurs.

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The latest list of YC-backed companies worth over $150M is the most geographically diverse yet

TechCrunch

There were 141 companies from 24 countries in the winter 2018 batch , compared with 377 companies across 47 countries in the summer 2021 group. The second is that companies YC backed four to five years ago, after raising a series of venture capital rounds, are now commanding huge valuations that they didn’t have in 2018.

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Alto raises $40 million to help individuals make tax-savvy investments in assets like crypto and artwork

TechCrunch

Existing investors Unusual Ventures , Acrew Capital , Alpha Edison , Foundation Capital , Gaingels and Coinbase Ventures also participated in the round. Alto last raised $17 million for its Series A in April 2021. .

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TechCrunch+ roundup: The Kindbody TC-1, Glossier’s mistakes, calculating startup runway

TechCrunch

Part 2: Why focusing on holistic care helped Kindbody triple its revenue in 2021. “We believe very much in the consumerism of healthcare, and what that means is you have to build healthcare around the consumer,” says founder and chairwoman Gina Bartasi. Part 1: How compassion and inclusivity are helping Kindbody change the fertility industry.

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SOSV partners explain how deep tech startups can fundraise successfully

TechCrunch

Startups developing so-called deep tech often find it challenging to raise capital for various reasons. At TechCrunch Early Stage: Marketing and Fundraising, two experienced investors spoke on the subject and advised startups facing a challenging fundraising path.

startup 101
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Funds can no longer just be a source of capital

TechCrunch

The second quarter was the first time deal value fell below $77 billion since the fourth quarter of 2020, and this past quarter has seen the lowest amount recorded for a single quarter since the start of 2021. Due to this environment, funds can no longer be just a source of capital for startups.

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Yieldstreet raises $100M as it mulls going public via SPAC, eyes acquisitions

TechCrunch

And, both the number of investment requests and new investors surged by more than 250% from January to April 2021 compared to the same period in 2020, with new investors already exceeding all of last year, according to the company.