Messaging company Kik has made its second major acquisition after it scooped up Israel-based mobile video app maker Rounds in an undisclosed deal. Though neither side is giving a price, you would imagine that it is more than what Kik payed for GIF Relay, its first acquisition from 2014, given that Rounds had raised over $20 million from investors and claimed 40 million registered users.… Read More
When faced with the frustrating constraint of limited capital, many entrepreneurs contemplate venture capital as a potential solution. Armed with a compelling vision, marketplace traction and a high revenue growth rate, these businesspeople believe that the only thing standing in their way is their lack of cash to scale the organization.
I was in grad school in the 1990s, working on a project for Michigan’s Advanced Technology Lab in their EE department. We were trying to make telerobots controllable over unreliable networks. I got a taste of how technology could mediate everyday life in strange, unexpected and compelling ways… including the feeling of being somewhere faraway and interacting with remote environments. Read More
In the United States, VC funds raised a whopping $40.6 billion in 2016. It was the largest year for VC fundraising since 2000 when the venture industry raked in a jaw dropping $101.4 billion. Yet the 2016 exit market was a mixed bag.
Despite many forecasting (hoping?) that herds of unicorns would enter the public market in 2016, the IPO market was lackluster at best. There were only 31 U.S. Read More
Nintendo Switch to hit the market on March 3, San Francisco District Attorney brings lawsuit against Lily, Moon Express is going to the Moon and Microsoft buys AI startup Maluuba. All this on Crunch Report. Read More
One very important thing that separates a strong VC firm from all other sources of capital is that the best VC firms reserve capital for follow-on financings for their portfolio companies and can be counted on to participate in subsequent financing rounds. This is not true for angel investors, seed funds, growth funds, and strategic investors.
Boost is an impressive kit. The five on-board building experiences cover a lot of ground, from a robot to a guitar, to quasi Lego “3D printer” that’s more like an assembly line Rube Goldberg-style device that pieces together its own Lego creations. The set is being couched as an educational kit, joining Lego’s line in a difficulty level a step down from the… Read More
VictorOps co-founders Todd Vernon, left, CEO and Bryce Ambraziunas, COO in the company's Boulder office in August 2016. VictorOps said Monday that it raised more money from investors than it had anticipated.
Visit the website of Sidecar, Shuddle or SpoonRocket and you'll find a broken link. Go to Washio or Karhoo and you'll get a farewell note.
Manoel Lemos is a managing partner of Redpoint eventures , the Brazilian-focused arm of the Silicon Valley venture firm Redpoint. “Silicon Valley is a state of mind,” said Ambassador Pedro Borio, Consulate General of Brazil in San Francisco, during a recent address at the annual BayBrazil Conference at the Googleplex in Mountain View.