Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development

Tech Zulu Event

Savings search engine Chippmunk , that helps consumers to instantly find great deals online has raised $750,000 seed round as the peak holiday shopping season intensifies. The post Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development appeared first on TechZulu.

Tapiture Taps Into Successful Social eCommerce And Secures $2.25M In Seed Funding

Tech Zulu Event

million in seed funding since its founding in 2012. The post Tapiture Taps Into Successful Social eCommerce And Secures $2.25M In Seed Funding appeared first on TechZulu. Santa-Monica based Tapiture has grown in traffic by 300%, monetized from year one and raised $2.25

Changes in the Venture Capital Funding Environment

Both Sides of the Table

The funding environment for tech startups is an ever shifting ground as we go through predictable shifts that go hand-in-hand with the slowing of the overall market. Rise of Seed. Explosion in Seed Funds. Now seed funding is conventional wisdom.

More Great News for #LATech – Crosscut Ventures Raises $75 Million Fund

Both Sides of the Table

Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. This week Michael Dubin’s startup Dollar Shave Club announced a $75 million funding round at a rumored $650 million valuation.

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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. I wrote this overview of the LA Tech Ecosystem in December and on page 15 you’ll see a host of amazing VC firms at all stages from pre-seed through to early-B rounds.

What Do LPs Think of the Venture Capital Markets for 2016?

Both Sides of the Table

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. A normal VC fund raises a new fund every three years if they are strong performers.

Tech.Co Has Been Acquired by Global Digital Media Business

Tech.Co

It was over 11 years ago that I saw a need to better connect startups and innovators with the communities around them so they could connect for partnerships, funding, amplification, and support. Today, I’m excited to announce that Tech.Co

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How to Out Amazon, Amazon

Both Sides of the Table

Many of us learned about substitute products in undergrad economics courses. Of course branding is many things and this post doesn’t attempt a master class. We of course all instinctively know when we see a brand that is well established what it stands for?—?Warby

Pop-up Pantry Finds $1.7M In Funding

socalTECH

seed funding round, led by GRP Partners, CrossCut Ventures, Adam Goldenberg (JustFab), and Michel Daher (of Daher Foods). The startup, founded by David Hauslaib and Tom Balamaci, operates a subscription service which ships out three-course, frozen meals to people which have been developed by top chefs. Los Angeles-based Pop-Up Pantry , one of the companies in the Launchpad LA accelerator, has disclosed a $1.7M

What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion.

Understanding the Herd Mentality of VCs and How not to Let it Psyche You Out

Both Sides of the Table

Whether you’re fund raising from angels, seed investors and VCs?—?as I mention this because it’s critical that you not let the fund raising process psyche you out. But if there is nothing wrong with you then please don’t let early rejections alter your course.”

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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. Using my StartupRoar as a radar, I came across a great post by Gabriel Weinberg Do you really need a full-time hire for that?

The Changing Structure of the VC Industry

Both Sides of the Table

The rise of “micro VCs” or seed-stage funds. The rise of alternative sources of capital (crowd funding and the like). Lower costs to start a business (95% reduction), many more companies created & funded by angels / seed.

Why You Don’t Want to Give Financial Information to All of Your Investors

Both Sides of the Table

We all know that funding markets have changed for startups. The trends are well understood: more angels, more seed funds, more crowdsourcing and so forth. In a funding round with 1 or 2 VCs and 15-20 angels or 4-6 seed funds if you gave every investor you financial information and performance metrics your proprietary information would increase in its probability of leaking out. I have publicly said many times that there is a positive to crowd funding.

Tech.Co Has Been Acquired by Global Digital Media Business

Tech.Co

It was over 11 years ago that I saw a need to better connect startups and innovators with the communities around them so they could connect for partnerships, funding, amplification, and support. Today, I’m excited to announce that Tech.Co

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Venture Outlook 2016

Both Sides of the Table

Cendana founder Michael Kim was amongst the earliest and certainly the most focused LP to spot the changes in venture capital leading to seed stage funds and has backed many of the best in the industry so it’s always a pleasure to come and share thoughts with all of these great peers.

How ProGuides Is Helping Gamers Master Their Game, With Sam Wang

socalTECH

We have highly engaging courses, taught by professional players, and where you track your progress, driven by data, and which also features an on-demand marketplace to help you find any coach you want to help you improve your play on any game. We started four years ago, and are based here in Los Angeles, and we now provide course for six games. We offer up courses for League of Legends, Fortnite, Hearthstone, Magic: The Gathering Arena and Super Smash Brothers Ultimate.

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What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

I’ll spare you the math and point out that this means we funded 0.104% of the market. If I’m right my only hope is that more companies actually get funded and more companies reduce burn and survive. ” Of course life is more complicated. Even seed.

To Be Successful You’ll Need to Shake Hands and Kiss Babies.

Both Sides of the Table

I was here to see one of our LPs (limited partners are the people who invest money in VC funds) called Fort Washington. I was spending the evening eating room service so that I could meet with a potential investor for my fund the next morning. ” OF COURSE!

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Do Less. More.

Both Sides of the Table

There are so many events to attend that one could become a full time conference attendee and you could easily feel like you’re missing out with each event that happens without you and of course there is Twitter and Instagram and Snapchat to remind you just how fun it was for everybody else. Of course your friend’s company raised $50 million and offers it’s employees free kombucha and desk massages. We are experiencing a frenetic time.

Is @AngelList Syndicates Really Such a Big Deal?

Both Sides of the Table

” And even the venerable Fred Wilson weighed in with how people “ leading vs. following ” in funding rounds play different roles and have different skills. If you know, VCs end up writing sizable checks into their own funds, which is important in better aligning interests.

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Welcoming the Newest Partner to Upfront Ventures

Both Sides of the Table

We track which investment firms and which investment partners are a good fit for each company we have back so that we don’t have a scattergun approach to fund raising. And of course it doesn’t hurt that Kevin is fluent in Mandarin.

Here’s How to Do PR on a Budget

Both Sides of the Table

In that article I talked about how PR drives: recruiting, employee retention, biz dev deals, funding and even M&A and that often “attribution” to your PR activities is unknown. But of course it’s hard to advise people that they should do PR without a guide to how to do it on the cheap or how to do it at all. On the other hand several crowd-funding campaigns have underwhelmed in terms of meeting deadlines which damages ones brand so be careful about this, too.

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Interview With Startup Boost, Matt Stodder and Blake Caldwell

socalTECH

other companies, which are already off and running are ready for aceclerators and seed funding. We occupy the space in ecosystem to service companies who are getting ready for seed or have just started to go out for seed funding. That's important, because companies have no other place to go if they're not ready for seed funding. Steve Blank teaches at Stanford business school, but he's open sourced the course.

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Pricing Customer Acquisition Sunk Costs and More - Ten Recent Great Startup Posts

SoCal CTO

Of course, one of the best ideas around this is to have Negative Customer Acquisition Costs. Seed funding best practices - StartupCFO , February 11, 2010 Good post looking at seed funding which often doesn’t get quite as much attention Here are some recent great posts that I’ve come across that generally fall in the intersection of startups and CTOs. Enjoy.

Getting Back Your Series A Mojo

Both Sides of the Table

I see this a lot in funding where an entrepreneur has struggled to raise money and spends all their time lamenting how lame investors are. You raised your seed funds. You build a team, ship your product, more tech press, more funding.

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What is it Like to Negotiate a VC Round?

Both Sides of the Table

In the old days VCs funded off of a “pre-money” valuation. In the old days there usually weren’t convertible notes on early-stage deals and there weren’t party rounds with 20 angels or 6 seed funds. If that’s the case I’d only own 18.18%, which wasn’t my expectation when I offered to fund the company. What I’ve found over the years is that this forces way more clarity on the entrepreneurs at fund raising time.

When VCs Play Defense

Both Sides of the Table

The frantic pace of technology cycles, the amount of tech news, the blogs, the conferences, the demo days, the announcements, the fundings, the IPOs. As VCs we’re inundated with emails from founders, friends, colleagues, angels, seed investors, VCs, law firms, venture banks, corporates and so forth with their favorite deals. Before skimmers race to the comments or Twitter to complain – I’m not saying intro’s aren’t valuable – of course they are.

3 Signs Your Financial Projections Are Off

Tech Zulu Event

One question everyone asks is what investors look for when deciding whether or not to fund a startup. VCs are interested in funding companies with large potential markets…enough to provide them with a ten times return on their investment. Of course you want to show large numbers.

Here’s Why a Booming Tech Market May Fool You into Thinking You’re Successful

Both Sides of the Table

An impressive number of new VCs have been created – most of them with new seed funds. Of course back then it literally was sold in a package and stored on a shelf! Since 2009 we’ve been in an unequivocal bull market. Venture capitalists have raised increasing amounts of money from their investors (LPs) every year. We’ve had an explosion of alternate sources of financing from crowd-sourcing, angels, accelerators, incubators, corporates, corporate incubators.

Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

Of course you could start your own company. The decision tree for being a startup CEO begins with whether you can sustain 12-18 months of little or no salary while you define your market, do research, build v1 of your product, raise seed funding, attract your initial team, get your first customers and test whether you have initial product / market fit or enough momentum to be able to raise a large round of capital.

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Bad Notes on Venture Capital

Both Sides of the Table

We raised a seed round. At an accelerator … Me: Raising convertible notes as a seed round is one of the biggest disservices our industry has done to entrepreneurs since 2001-2003 when there were “full ratchets” and “multiple liquidation preferences” – the most hostile terms anybody found in term sheets 10 years ago. It’s like we need a finance 101 course for entrepreneurs. I often will fund 80+% of a round and move quickly.

It’s Morning in Venture Capital

Both Sides of the Table

This has led to the creation of incubators, accelerators and seed funds. Contrary to some press reporting, the boom in startups, the creation of accelerators and seed funds as well as the deserved popularity of AngelList do not signal doom for our industry.

What Future for Accelerators?

Both Sides of the Table

I had witnessed a number of early-stage tech startups in LA raise seed capital from the Bay Area and relocate. and I thought if we brought the community together for common purpose we could create more of a sense of community to help new entrepreneurs get funded, assemble teams, raise profiles and help with biz dev, product, etc. Companies were getting funded more easily and many more companies were actually being created. We announced Fund I in 2011.

Knowmia | Win Win for College Students, Parents & Teachers

Tech Zulu Event

In the Fall Knwomia promises to bring what it calls Mini-Courses; less than an hour teacher-curated video lessons with teacher comments and quizzes to measure students progress. Knowmia is a Y Combinator startup and is self and seed funded.