Pebble founder Eric Migicovsky has joined Y Combinator as a partner

 If you follow the startup industry, you likely know the story of smartwatch maker Pebble, including that famous Kickstarter campaign in 2012 that sought $100,000 but wound up raising more than $10 million instead. You might also remember thinking that Pebble’s fate was sealed once Apple launched its own now-ubiquitous smartwatch in 2014. You were right if so. By late 2016, Pebble was… Read More

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A peek inside Alphabet’s investing universe

 Chances are you’ve heard of Google. You’re likely a contributor to one of the 3.5 billion search queries the website processes daily. But unless you’re a venture capitalist, an entrepreneur or a slightly obsessive tech journalist, you may not know that Google, or, more properly, Alphabet, is also invests in startups. And, like most of what Google does, Alphabet invests… Read More

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Founders’ Co-op, a fixture on Seattle’s venture scene, is raising its fourth fund

 Founders’ Co-op, a Seattle-based seed-stage venture firm, is looking to close its fourth and newest fund with $25 million, according to an SEC filing that shows the outfit has raised at least $10.7 million toward that end. The firm — now a fixture on Seattle’s venture scene — was created 10 years ago and closed its last fund in 2015 with $20 million. Read More

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Activant Capital closed $129 million growth stage fund

 Greenwich, Connecticut-based Activant Capital has closed a $129 million late-stage venture fund.
The firm was founded in 2013 by Steve Sarracino and has seen six liquidity events so far, a sizeable chunk of the 18 companies it’s invested in. One of those was Hybris, an e-commerce software business which sold to SAP for $1.4 billion. They also invested in Upland Software, which went… Read More

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Very famous VC Bill Gurley says startup boardrooms are now just filled with *clapping hand noise*

 Fresh off a public spat between Uber investor Benchmark Capital and former Uber CEO Travis Kalanick, Benchmark general partner Bill Gurley took the stage in front of a large room of bankerfolk at the Goldman Sachs Internet and Technology Conference to talk about how startup boardrooms are now filled with a lot of cheerleaders that aren’t holding founders accountable. Read More

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Want to be a founder? Go get a job, says venture capitalist Joe Kraus of GV

 Yesterday, at Startup Grind, an event series that’s aimed at new founders and people contemplating becoming entrepreneurs, we sat down with Joe Kraus, a partner for the last eight years with Google’s early-stage investing arm, GV. Kraus shared a range of founder-friendly advice, including what GV and Kraus in particular look for in founding teams. Read More

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This former Uber (and Lyft) exec just raised $15 million for his controversial e-scooter startup: Bird

Travis VanderZanden. If you’ve been following the fast-changing transportation industry, it’s a name that may sound familiar. Until September 2016, VanderZanden was VP of growth at Uber and before that, COO of its fierce rival Lyft, which had acquired his on-demand car wash company, Cherry, in 2013. It was a dramatic few years for VanderZanden, once he joined the ride-hailing race.… Read More

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Homebrew closed $90 million fund

 Homebrew is announcing the close of its third fund. This time they’ve raised $90 million, an increase from $50 million in 2015 and $35 million for its debut fund in 2013. Led by Hunter Walk and Satya Patel, the seed stage venture firm has spent the past five years investing in U.S.-based startups at the onset. Several of its portfolio companies have gone on to raise significant… Read More

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Raise softly and deliver a big exit

 In the world of venture capital, the prospect of a successful “exit” looms large in the minds of investors. A VC’s business model is less about the money that goes into a startup than it is about what comes out. It’s true that most companies fail to exit gracefully, and of those that do, surprisingly few exit by going public. Read More

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Cardlytics up 3% following IPO, raised $70 million

 Atlanta-based Cardlytics made its public debut on Friday, closing the day at $13.37, just a little above the IPO price of $13. The company sold 5.4 million shares, raising $70 million. Cardlytics works with financial institutions like Bank of America and 2,000 others to run cash back programs. It partners with brands across restaurant, retail, travel, grocery and home subscription categories… Read More

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