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Reflections On 2017: Peter Cowen, Sutton Capital Partners

socalTECH

This morning, we have a contribution from investor and investment banker Peter Cowen of Sutton Capital Partners. Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference.

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5 Largest Funding Rounds Raised in 2017

Tech.Co

Thanks to data from Crunchbase , we can bask in the glory of the five highest funding rounds in 2017 so far. Didi Chixing, the Chinese ride-sharing giant, has had the largest funding round of 2017, with a $5.5 “[The funds] will probably have invested in at least 1,000 companies within 10 years.”

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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Hyundai Motor Group has committed to invest $87 billion over the next five years.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Existing investors DST Global, 01 Advisors, Dragoneer Investment Group, Franklin Templeton and Mubadala Investment Company too doubled down on their investments in SpotOn, joining new backers Wellington Management and Coatue Management. We are deeply invested in growing the business together.

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Techstars Music Names New Class Of Startups In LA

socalTECH

The accelerator said its 2017 and 2018 classes have so far raised more than $40M in follow on investment, with a combined valuation of more than $300M. READ MORE>>.

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Make More, Work Less – Create A Veblen Brand

InfoChachkie

A Veblen good does not adhere to the traditional laws of price and demand. As shown in the accompanying graph, below a certain price, the price/demand dynamics are consistent with conventional products – higher prices result in a lower demand. Fashion companies usually ramp production, as demand increases.

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VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. He started Dutchie in 2017 (and yes, it is named after the song ) in 2017 from Bend and has been slowly and steadily growing the business.

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