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The White Collar Revolution

Tomasz Tunguz

AI CAD, construction, permitting Accountants & Auditors 1.38 Automated book closing & reconciliation ; document ingestion Life, Physical, & Social Science Occupations 1.22 AI radiology, drug discovery, research analysis Finance 1.13 Occupation Employment (in millions) AI Technology Software Developers & IT 2.71

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Construction tech startups are poised to shake up a $1.3-trillion-dollar industry

TechCrunch

In the wake of COVID-19 this spring, construction sites across the nation emptied out alongside neighboring restaurants, retail stores, offices and other commercial establishments. Amidst the chaos, construction firms faced an existential question: How will they survive? Construction is a massive, $1.3

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Virtual Data Rooms: The Unsung Hero of Biotech Financing

Andreessen Horowitz

But how can biotech teams effectively communicate to investors and partners how they will, with each round of financing, incrementally reduce the risks of discovering and developing successful new drugs? How much of the total financing is allocated towards the lead program?

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Gloria Lin thinks construction needs to ‘catch the wave of fintech’

TechCrunch

The challenges her father faced as a business owner in the construction industry always stayed in the back of her mind, so when Lin got the entrepreneurial itch, it was a natural move to help start a company that helped trade contractors better control their finances. It’s basically the slowest paying industry in the world,” Lin said.

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Tiger Global leads $30M investment into Briq, a fintech for the construction industry

TechCrunch

Briq , which has developed a fintech platform used by the construction industry, has raised $30 million in a Series B funding round led by Tiger Global Management. Briq CEO and co-founder Bassem Hamdy is a former executive at construction tech giant Procore (which recently went public and has a market cap of $10.4

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The Constitution for Your New Fund: Strategy, Culture, Decision-Making, Budget, and Data

David Teten VC

If you are launching your own investment management firm, we recommend designing a constitution: a set of documents covering the firms goals, legal obligations, and principles for handling disagreement. These agreements may be inappropriate, unfeasible, or unwise to put in your signed legal documents.

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Knowledge Is Power: Convertible Note Financing Terms, Part III

Gust

Last week , we took the plunge and began dissecting an example term sheet for a convertible debt financing round piece by piece. In Part II, we looked at the mandatory conversion language that is at the heart of any convertible debt financing. Same, except at the option of the noteholders (per the term sheet example above).

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