The collapse of Silicon Valley Bank has left a small but glaring hole in the venture capital market that private lenders don’t find attractive enough to fill. When SVB went under in March, the startup ecosystem was particularly concerned about what would happen to the bank accounts of startups and venture capital firms. The second … Read more
The award for the best/worst startup name I’ve seen in a while goes to Oii.ai. The name of this company is odd enough that Google Chrome insists on searching for the term “oii.ai” when you type the URL into the address bar. At least a confusing name doesn’t mean it’s a bad thing. The company … Read more
PropTech firm Aurum is acquiring NestAway, a once-high-flying Indian startup operating in the same space, for up to $10.9 million, in a deal that marks an almost complete erosion in value for the startup’s investors. The eight-year-old NestAway raised $115 million over the years and was valued at $227 million in a 2019 funding round. … Read more
Fidelity, the lead investor in Reddit’s most recent round of funding in 2021, has cut the estimated value of its equity stake in the popular social media platform by 41% since the investment. The Fidelity Blue Chip Growth Fund’s stake in Reddit was valued at $16.6 million on April 28, according to the fund’s monthly … Read more
Some high-profile venture capital and private equity firms are lowering the valuation of their holdings. A high-profile company Capital and private equity firms are downgrading their holdings, wiping out billions in apparent profits as the economic downturn undermines the sustained growth of the past 13 years. The California Pension System, the largest pension system in … Read more
Many founders start their companies because they want to build a career around finding a solution to a problem or pain point. Scientists are no different, and yet you don’t see as many scientists becoming founders as engineers or operators. It is common to see biotech companies founded by scientists and researchers, but in many … Read more
Many people can’t start their day without a hot cup o’ joe, or, since it’s June now, maybe a big cold brew. Coffee drinkers also have sophisticated tastes and like a brand they can identify with. Enter Chamberlain Coffee, a company founded in 2019 by YouTuber Emma Chamberlain, who has over 12 million subscribers and … Read more
The VC that backed startups like Socure (raised $741.9 million) and Cornerstone OnDemand (now NASDAQ:CSOD) is launching a new fund to support startups in Central Europe. To date, ff Venture Capital’s new “ff Red & White” fund has closed €32 million so far, with a final target of €60 million later this year. The new … Read more
Acutely.info Live is proud to announce a fireside chat with Atlanta Mayor Andre Dickens to kick off our Acutely.info Live: Atlanta virtual event on June 7th. He will sit down with me, Dominic-Madori Davis, at 2PM EDT to discuss the burgeoning tech scene in Atlanta, discussing everything from building a talent pipeline with the local … Read more
Hello friends! So you want to make a great pitch deck. You want to come up with something authentic, but also informed by past successes. Hell, you probably want to avoid common mistakes and get a feel for what other startup founders are using to raise capital. Good news: Acutely.info+ has all that and more … Read more
Hello friends! If you’re a founder looking to raise your first outside capital or if your startup is going a bit further, you need to know what’s going on in the world of venture capital. Don’t worry, the Acutely.info+ crew has your back. Building on Acutely.info’s lightning fast coverage of individual startup funding rounds, we … Read more
From Foursquare to Zenly, there hasn’t exactly been a shortage of location-based social networks outside of the usual Big Tech ecosystems, but for some reason it’s never quite succeeded. Snap took over Zenly and eventually shut it down despite its continued popularity, and Foursquare is still towing along with its back-end location data company and … Read more