Investors are gearing up to make bets in the multi-billion-dollar businesses that surround caring for the elderly and people with chronic conditions at home rather than in the hospital.But some, like GV, haven't invested yet, in part because it's not clear if it makes sense for hospitals to build up those skills themselves.Others, like General Catalyst are waiting to see early companies prove out the business model in the over-arching elder-care model before investing.Visit Business Insider's homepage for more stories.When it comes to getting medical care, more and more can be done outside the four walls of the hospital.Chronic conditions can increasingly be managed at home, with the help of visits from medical professionals or occasional checkups in a doctor's office.
Lee Edwards, a partner at early-stage venture firm Root Ventures, tweeted Thursday "The 3 B's of venture deals: Barry's, The Battery, and Burning Man."The first B is Barry's Bootcamp, an intense bootcamp-style fitness program that is known for its pricey camouflage workout gear, club-like atmosphere, and intimidating instructors.Visit Business Insider's homepage for more stories.The mockery was swift, but according to the replies to Edwards' tweet, there was a grain of truth to the first B, which refers to Barry's Bootcamp.The studio also has 10 international locations from Dubai to Stockholm to Melbourne, and has commanded a global following as one of the toughest workouts around.Barry's studios are also known for the exorbitant cost of classes and branded camouflage gear, its club-like atmosphere, and instructors whose foul-mouthed commands would make a Marine blush.
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Over the past five years, there has been a clear drop in seed investing.Since then, we have seen a gradual decline.Unfortunately, once your fund size exceeds $75 million, I’d argue, it is very difficult to focus on the seed stage.It is simply too difficult to identify enough quality opportunities to deploy all that capital.And by successfully, I don’t mean just financially, though we have returned far more than we have invested; I also mean strategically.We also use it to identify and embed with emerging companies who could, one day, be great partners.
If you can’t see the YouTube player above, try watching here instead.In China’s increasingly convenience-focused economy, venture capital investor Linda Li says a more efficient healthcare is on the horizon.“It’s hard to imagine that in this day and age we can so easily use Meituan [food delivery app] to order lunch, but still have to wait for five hours at the hospital to see a specialist,” said Li, managing director and partner at Vickers Venture Partners in Shanghai.“I think e-health is the next step.”Li is responsible for the firm’s investment business in China and focuses on consumer internet, mobile applications, financial services and precision medicine.The company has offices in Singapore, Shanghai, Hong Kong, Kuala Lumpur and New York, according to its website.
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Patrick Eggen led the early stage corporate venture fund at Qualcomm when he was introduced to Eric Yuan, founder and CEO of Zoom.According to Eggen, Yuan's commitment to building the business and his efficient approach to fundraising convinced Eggen to invest just 48 hours after meeting at a local coffee shop.Patrick Eggen knows he made the right bet on Zoom, a video conferencing platform that soared 81% in its market debut last month.Eggen, who was a VC at Qualcomm's in-house venture arm at the time, had agreed to meet the founder at a local coffee shop.On paper, everything about Zoom and cofounder Eric Yuan met the checklist of reasons not to invest: The startup was competing in a market crowded with giants, it wanted a rich valuation, and Yuan didn't fit the mold of a stereotypical young tech founder.Zoom is one of several tech startups among a recent parade of high-profile IPOs including Pinterest, PagerDuty, Lyft, Uber that have all entered the public markets with valuations in the billions or tens of billions of dollars.
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This article by Eudora Wang originally appeared on China Money Network, the best data intelligence platform tracking China’s tech and venture capital markets (access requires subscription).Statistics show that the Chinese venture capital market remains volatile in the recent months in the wake of the longstanding capital winter, while global trade tensions and political uncertainties are still unsettled.An aggregate of 213 VC financing deals worth $5.5 billion were recorded in April 2019, slightly down compared with the $5.82 billion raised across 240 deals in March, according to China Money Network’s China VC Tracker released today.China VC Tracker is produced based on proprietary data collected by China Money Network.The largest deal in April 2019 was a $446 million series B round completed by Chinese new energy vehicles maker Hozon Auto.The new round was led by a Chinese government industry fund, with participation from other strategic investors, said Hozon Auto chairman Zhang Yong at the 18th Shanghai International Automobile Industry Exhibition on April 22.
The biggest news in a month of weighty African headlines was Jumia listing on the New York Stock Exchange.After filing SEC IPO docs in March, the Pan-African e-commerce company’s shares began trading on the NYSE April 12, opening at $14.50 under ticker symbol JMIA.With the public listing, Jumia became the first startup from Africa to list on a major global exchange.Founded in Lagos in 2012 with Rocket Internet backing, Jumia now operates multiple online verticals in 14 African countries — from consumer retail to travel bookings.Jumia has also opened itself up to Africa’s traders, with more than 80,000 active sellers on the platform.On the flip side, original Jumia co-founders (Tunde Kehinde and Raphael Afaedor) are Nigerian.
Singapore-based venture capital firm Jungle Ventures has closed US$175 million in initial capital for its third fund, a source familiar with the development said.According to the source, the VC expects its new fund to be oversubscribed in the next few months, to raise as much as US$220 million.Investors that have reportedly backed the fund include institutions like Germany’s DEG, the World Bank’s International Finance Corporation, Singapore’s Temasek Holdings, and Cisco Investments.John Kim, president of vacation rental site HomeAway, and the family office of Khoon Hong Kuok also participated.Jungle Ventures’ new fund would target startups catering to millennials in Southeast Asia, as well as software firms helping small and medium-sized businesses adopt technology, said our source.The source adds that the VC has done five series A and B deals out of the new fund: two in Indonesia, one in Malaysia, and a first investment in Vietnam.
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Singapore-based VC fund and venture builder GBCI Ventures has announced its first venture-built company, Building Cities Beyond (BCB) Blockchain, which would serve as a foundation for smart-city application development.The new company is intended to host an ecosystem that would support successful smart-city solutions, including real-world applications in cities.BCB Blockchain is set to announce its first smart-city project in an emerging market soon, according to a statement.BCB Blockchain, with its team of 100 workers in Singapore, Myanmar, Thailand, China, and the Philippines, has plans to launch regional blockchain accelerators.GBCI has a US$10 million fund put aside for investment in projects developed under BCB Blockchain.GBCI, which is focused on investing in early-stage, smart city-focused startups, said it plans to launch a blockchain-focused fund in the future.
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Ayala Corporation, the Philippines’ oldest conglomerate, has launched a new venture capital fund worth at least US$150 million, The Philippine Star reported.“With this new fund, Ayala seeks to focus on startups in their early growth stage and support tech innovations in data and analytics, machine learning, artificial intelligence, cloud computing, fintech, automation, real estate, retail, transport, energy, water, health and wellness, and food,” Ayala chairman Jaime Augusto Zobel de Ayala said.The fund will be managed by Kickstart Ventures, a VC subsidiary of local telecommunications giant Globe Telecom whose investment decisions are overseen by Ayala Group executives.(And yes, we’re serious about ethics and transparency.
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In May 2019, Dubai-based venture capital firm ASA Ventures is starting a 12-week start-up booster programme called RevUp to give a helping hand to startups.Venture capital (VC) is a financial lifeline for startups to keep them afloat as it goes through the requisite stages in its life cycle- especially at early stages when the company doesn’t have many customers or clients.VCs usually choose startups according to a specific stage or sector, depending on their investment mandate.It goes without saying that a percentage of the equity goes to the VC, and in a perfect world, where every startup wins, so does the VC.Danish Rizvi, Chief Operating Officer at ASA Ventures, told TechRadar Middle East that the days of the traditional VCs are over where funding is the only thing that an entrepreneur needs and will spell the difference between failure and success.Say hello to VC 2.0
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Do you have what it takes to step onto the Main Stage at Disrupt San Francisco 2019 and compete in Startup Battlefield?Show us what you’ve got and apply here today.In our premier startup pitch competition, you’ll go up against some of the best early-stage startups and compete for the coveted Disrupt Cup and — here’s the real kicker — $100,000 in equity-free cash.Indeed, 857 startups have competed and collectively raised more than $8.9 billion in funding and produced more than 110 exits.You might recognize some of the companies that launched, like Mint, Dropbox, Yammer, TripIt, Getaround and Cloudflare to name just a few.Our TechCrunch editors thoroughly vet every application and select approximately 15-30 startups to compete.
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Williams also spoke about spending time with her daughter Olympia, who was born last September.Today the six-time US Open champion says tennis is a team sport that requires her to perform on the court, but also as a chief executive of a larger enterprise with various moving parts.It's those CEO skills, learned and honed in tennis, that Williams says she's bringing to an expanding career in the business world that now includes fashion, tech, and venture capital."I'm the CEO on that team and that is where my CEO life started," Williams said Wednesday, during a talk at the Slack developer conference in San Francisco."I had to be a strong team leader in order for everyone to see my vision and see what I wanted and understand any expectations, goals, and what I want."Earlier this month, Williams launched a VC firm, Serena Ventures, focused on investing in women, people of color, and young entrepreneurs.
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Last week, at TechCrunch’s robotics event at UC Berkeley, we sat down with four VCs who are making a range of bets on robotics companies, from drone technologies to robots whose immediate applications aren’t yet clear.Featuring Peter Barrett of Playground Global, Helen Liang of FoundersX Ventures, Eric Migicovsky of Y Combinator and Andy Wheeler of GV (pictured above), we covered a lot of terrain (no pun intended), including whether last-mile delivery robots make sense and how much robots should be expected to do without human intervention.We also discussed climate change and how it factors into their bets, and why the many private enterprises focused on creating fully automated vehicles may need to do much more to empower the cities in which they plan to operate.You can find excerpts of our talk below; you can also watch the full conversation, along with the many other discussions that took place last week, right here.For access to the full transcript of the panel, become a member of Extra Crunch.Learn more and try it for free.
NEA has previously invested in open source companies like MongoDB, Elastic, Nginx, and Databricks, so when it tracked how fast Metabase was growing, it reached out to the project's founder Sameer Al-Sakran.So when NEA principal Julia Schottenstein saw how fast an open source business intelligence software project called Metabase was growing, she knew what NEA's next investment had to be."I think most founders have roller coaster experiences," Al-Sakran told Business Insider.Metabase's code is available as open source, meaning anyone can use, download or modify it for free.That means Metabase can be put into as many people's hands as possible -- all without a sales or marketing team.Metabase didn't start making money until last summer, when it started selling early versions of its enterprise software.
Anthony just returned from Vancouver, where he was covering the TED2019 conference — a much-parodied gathering where VCs, executives and other bigwigs gather to exchange ideas.This year, Twitter CEO Jack Dorsey got the biggest headlines, but the questions raised in his onstage interview kept popping up throughout the week: How has social media warped our democracy?How can the big online platforms fight back against abuse and misinformation?And what is the Internet good for, anyway?Wednesday at 11:00 am PT, Anthony will recap the five-day event’s most interesting talks and provocative ideas with Extra Crunch members on a conference call.Tune in to dig into what happened onstage and off and ask Anthony any and all things media.
When some founders explain what makes their startup special, they absolutely love – in fact, cannot help – telling you about their culture.What is the real difference between a culture that goes missionary versus mercenary?As I wrote recently in a piece about Startup Puberty, “The Coach” Bill Campbell said that a CEO’s first and most important job is to hire great people.If The Coach knew the way to a missionary culture, he didn’t say so, but he did leave a few hints.You get a mercenary culture that brings out the worst in the best people.If you haven’t been in one of those cultures, you’ve certainly read about them.
The initial public offerings of consumer tech startups such as Uber, Pinterest, and Lyft are generating a lot of buzz lately.Enterprise software startups don't spark the same kind of excitement, but they remain a central focus of venture-capital investing, said Jai Das, the president of Sapphire Ventures.When it comes to tech startups going public, consumer-facing companies such as Lyft, Pinterest, and Uber are getting much of the attention these days, thanks to their multi-billion dollar valuations.But Jai Das thinks there's still a lot of investor demand — and plenty of growth opportunities — for less well-known companies that offer software and tech services for enterprises."The bread and butter of IPOs are still the enterprise software companies that are going out at like a billion, 2 billion [dollars]," he said.Eight years ago, Marc Andreessen, the cofounder of venture capital firm Andreessen Horowitz, declared that "software is eating the world."
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We ask some of the top venture investors to recommend up-and-coming US-based fintechs with one catch: They couldn't suggest companies in their own portfolios.Their responses included a wide range of fintechs, but one consistent theme across many of the startups was their focus on the underserved and unbanked.Read more: These are the 15 European fintechs VCs think will blow up in 2019Fintechs see the opportunity in using innovative technology to assist those who have been largely overlooked, or taken advantage of, by traditional financial players.What it does: Propel takes on the $70 billion food stamp program that touches 45 million Americans."Any of these alternative lending or any transactions involving any bit of non-standardness can really be problematic, and Ribbon has come in and basically created a financing option where one didn't exist before."
Portfolio co-founder: Our other investors want to participate but our lead wants to take most of the round.Me: Let’s see what everyone says.The round wasn’t going to be put at risk over pro-rata.We’re always curious to see how rounds come together when there is limited capacity for both new investors and existing investor pro-rata.It’s easy to dismiss this as founder-friendly at the expense of LPs, but I suspect Founder Collective’s LPs don’t see it that way at all.It’s hard to know how often this positioning leads to a higher win rate on competitive deals, but let’s assume there is little difference.
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