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This Week in Venture Capital – Episode 3

Both Sides of the Table

Studying for the SAT, LSAT, GMAT, TOEFL, MCAT and other standardized tests in the US is a massive market that has been dominated for years by Kaplan and Princeton Review. Knewton, Grockit and others are creating new ways for students to study for these tests in a more cost effective way. In business you spend your life in email.

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Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners. I had to laugh a bit reading it.

Startup 337
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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

VC's love to talk about their successes. Yet most VC's bury their failures under six feet of denial. In the startup world, the former happens when a VC makes a bad investment, and the latter occurs when they miss a great opportunity. In retrospect, our decision was both perfectly rational and completely lame. > -jeff.

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As Populist as it May Feel, 98% of VCs Aren’t Dumb

Both Sides of the Table

But VC is like congress. “I don’t know the exact math, but I hear it again and again: the top 2% of firms generate 98% of the returns in venture capital.” As you can see from the chart their data suggests there are about $25 billion of VC distributions per year in the US. Their data looks at tech VCs.

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Interview with Skyler Lucci, HeyTutor

socalTECH

The company recently raised a round of funding from Santa Barbara-based ScOps Venture Capital. In terms of where we offer to our customers, we have 250 different areas, from early childhood to studying for an MCAT or the bar. In this industry, customer acquisition costs are super high.

Startup 113
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American Entrepreneurs – Be Happy You Are Not In Spain

InfoChachkie

One of my top former students, Fredi Fernandez , recently sent me a compelling email. After studying at UC Santa Barbara''s entrepreneurial program , he returned to Spain, excited to start a venture and make a positive impact on his homeland. A version of this article previously appeared in Forbes.

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Interview with Chuka Ikokwu, Divercity.io

socalTECH

We have not just engineers, but designers, UI, UX, analytics, product managers, user acquisition, marketing managers, and others. MIT and McKinsey did some studies on this, that showed about $400 billion a year is lost in the tech industry, due to lack of diversity and inclusion. Those communities already exist.