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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. With the new capital, SpotOn has raised $628 million since its inception.

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HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity

TechCrunch LA

In response to VCs’ sudden rush to invest in more Black founders , Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Just two weeks ago, HBCUVc was struggling to keep staff on deck due to the financial impact of COVID-19. Among the strategies?

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How MakeSpace Recently Closed $30 million in New Funding

Both Sides of the Table

So how did a company that provides storage grow so fast (we’ll exit 2017 with 10’s of millions in recurring revenue), why is it so defensible and is it really a tech startup? If you buy that Amazon is a tech startup then essentially you’ve already answered the question. We’ve been delighted with 8VC as a co-investor.

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ServiceTitan is LA’s least likely contender to be the next billion-dollar startup

TechCrunch LA

seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. It was Iconiq that put a whopping $80 million into ServiceTitan just last year — and while the 2017 cash infusion may have been larger, the company’s valuation has continued to rise.

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GM exits car-sharing business and shuts down Maven

TechCrunch LA

Maven had paused service due to the COVID-19 pandemic. Maven had already suspended its consumer car-sharing and a peer-to-peer service due to COVID-19. For instance, the company launched in 2017 Maven Reserve in Los Angeles and San Francisco to allow customers to rent its GM-branded vehicles for a month at a time.

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What Happens When Startups Turn from Their Innovation Stage to Operational Excellence?

Both Sides of the Table

Nearly every successful tech startup I’ve observed over the past 20 years has gone through a similar growth pattern: Innovate, systematize then scale operations. and we were met with weak demand, slow growth and high costs. We spent a few hundred thousand dollars opening up operations in Chicago and Washington D.C.

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10 Negatives That Still Make Going Public A High Risk

Startup Professionals Musings

Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company. According to a recent Ernst & Young global report , the first half of 2017 was the most active first half by global number of IPOs since 2007.

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