1.
Insight Partners To Acquire Armis Security At $1B Valuation
Venture capital and private equity firm Insight Partners plans to acquire Armis Security at a valuation of $1.1 billion, the company announced Monday. Insight will pay cash for the cybersecurity company, with participation from CapitalG for $100 million and rollover from some existing stockholders, the company said in a statement. The transaction is expected to close in February, and the company did not disclose the acquisition price. [ Crunch Base ]
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2.
Facebook co-founder Eduardo Saverin backs ‘startup generator’ Antler
Antler, the self-described “global startup generator” and early-stage venture capital firm, has raised an additional $50 million for its funds in Amsterdam, London, New York, Stockholm, Sydney, Nairobi and Singapore. Notable new investors include Facebook co-founder Eduardo Saverin and Elaine Saverin; investor and philanthropist Christen Sveeas (via Kistefos); Canica International; and the innovative Japanese financial services company, Credit
Saison. [ Tech Crunch ]
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3.
What is private equity, and why is it killing everything you love?
In July 2010, Doug Lowenstein, CEO of lobbying group the Private Equity Council, wrote a letter to PBS NewsHour after a segment it had aired on the private equity industry. He noted some “concerns” the group had with the show’s piece, including that it had ignored “hundreds of examples of PE success stories.” His chosen example: Toys R Us, which had been bought out by a trio of firms in 2005. [ Vox ]
4.
A venture firm that invests ‘from Park City to Kansas City’ just closed its third fund
Sometimes, in venture capital, it pays to specialize. The latest indicator is a Kansas City, Mo.-based venture firm that’s focused on seed-stage startups that are based anywhere from “Park City to Kansas City.” According to an SEC filing, it just closed on $16.4 million in capital commitments. It’s the third fund for the outfit, Royal Street Ventures, which was founded several years ago by two Kansas City natives — Laura Brady and Jeffrey Stowell. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
5.
The FDA of the Future and How It’s Taking Shape Today
The federal agency known as the FDA, or the Food and Drug Administration, was born over a 100 years ago—at the turn of the industrial revolution, in a time of enormous upheaval and change, and rapidly emerging technology. The same could be said to be just as true today.
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6.
Google and Amazon are now in the oil business
Google, Microsoft, and Amazon have been very vocal about their efforts to reduce the world’s dependence on fossil fuels. But as the Wall Street Journal and Gizmodo have reported, these same companies are currently teaming up with the fossil fuel industry to help them squeeze as much oil and gas out of the ground as possible. [ Vox ] Checkout 15K+ Venture Capital Data on our platform.
7.
Silicon Valley’s Newest Rival: The Banks of the Hudson
When Facebook was searching for another New York office, one big enough to fit as many as 6,000 workers, more than double the number it currently employs in the city, it had one major demand: It needed the space urgently. So after the company settled on Hudson Yards, the vast mini-city taking shape on Manhattan’s Far West Side, existing tenants were told to move and a small army of construction workers quickly began to revamp the building even before a lease had been
signed. [ NY Times ]
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8.
Silicon Valley has pledged billions to fight the housing crisis. It won't be enough
California’s housing crisis reached new heights in 2019. The state had 91 of the most expensive zip codes for home sales in the country, while more Californians were forced to live out of their vehicles and RVs than ever before. Homelessness surged, from Los Angeles to San Francisco, and hundreds of thousands found themselves commuting hours each way to work every day. [ The Guardian ]
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9.
Hong Kong can learn from Israel’s start-up experience, position itself as leading fintech and blockchain hub, Tel Aviv official says
Hong Kong can follow Israel’s example of nurturing start-ups, and position itself as a leading financial technology and blockchain centre, an official with Tel Aviv’s municipality has said. Michal Michaeli, director of international economic development at Tel Aviv Global, a municipal company dealing with tourism and economic development under the mayor's office at the Tel Aviv-Yafo Municipality, said in a recent telephone interview that Hong Kong “could have been an
amazing place”, if it leveraged its financial hub status and exposure to trade to fund and groom more start-ups in commerce and trade. [ scmp ] Checkout 15K+ Venture Capital Data on our platform.
10.
Away, #PelotonGate, and predictions for 2020
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Kate and Alex and the ever-intrepid man behind the dials, Chris, took the time this week to dig into the two biggest stories from the end of 2019 and look into the future. But as you'll quickly hear, there was news on the show. Kate Clark is moving on from Equity and TechCrunch to The Information. We wish her nothing but the best but it's still a big blah to say goodbye all the same. Checkout 15K+ Venture Capital Data on our platform.
11.
NBA's David Stern was an 'intern' at this venture capital firm
Greycroft chairman emeritus Alan Patricof recalled his professional relationship with David Stern, the legendary former NBA commissioner who died Wednesday. Stern came to work for Greycroft after he retired from his role with the NBA. "He is going to be sorely missed by a lot of people."
- Alan Patricof, Greycroft chairman emeritus "I don't want to portray it too strongly, I mean, we didn't pay him," Patricof joked. "I think he
was just intrigued with the idea. I happened to meet him at the right time ... He hadn't figured out what he was going to do afterwards, and I said 'Why don't you come and join us on a regular basis every Monday morning, and we'll sit and talk'." [ Fox Business ]
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12.
Startup founders share their favourite books to read this summer
The test cricket season is over, and you’ve tried to catch up on sleep with an afternoon nap on the lounge, but the holiday break is also a great chance to catch up on reading. As part of our summer series, Startup Daily asked founders and others in the startup sector about the three books they think everyone should read and why. Here’s what they said. [ Startup Daily ]
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13.
The Guild Raises $25M For New Short-Term Travel Stay Option
The Guild, an Austin-based hospitality startup aiming to bridge the gap between Airbnb and hotels, has closed on a $25 million Series B. Traditional VCs Maveron, Convivialite Ventures and ATX Venture Partners participated in the round, as well as real estate firms RXR Realty, Corigin and Nicol Investment Group. The financing brings The Guild’s total known venture funding to $31.5 million, and follows an October 2018 $8.5 million Series A. [ Crunch Base ] Checkout 15K+ Venture Capital Data on our platform.
14.
BigID Starts 2020 with $50 Million in New Funding from Tiger Global
BigID, the leader in privacy-oriented data discovery, intelligence and automation today announced that it has raised $50 million in new funding from Tiger Global less than four months after previously raising a $50M Series C. The new capital will be used to deliver new products in privacy and protection of personal data along with expansion of go-to-market strategies across the globe. [ Business Wire ]
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15.
Venture capital firm Atlanta Seed Company raising $30 million fund
Atlanta Seed Fund I L.P. has raised $2.6 million of the targeted total since Dec. 17 by selling pooled investment fund interests, according to a Securities and Exchange Commission filing. [ biz journals ] Checkout 15K+ Venture Capital Data on our platform.
16.
2020 Is Year of Accountability for Management Boards, Boardspan CEO Says
Abby Adlerman, Boardspan Inc. chief executive officer, discusses tech CEO departures in 2019 and the efforts to increase diversity in Silicon Valley with Bloomberg's Taylor Riggs on "Bloomberg Technology." Checkout 15K+ Venture Capital Data on our platform.
17.
Aaron Harris - Coping with Founder Depression
18.
NEPAL INVESTMENT SUMMIT - Sideline Session Future of Venture Capital in Nepal
19.
Stephen Kotkin: Stalin's Rise to Power | AI Podcast Clips
Stephen Kotkin is a professor of history at Princeton university and one of the great historians of our time, specializing in Russian and Soviet history. He has written many books on Stalin and the Soviet Union including the first 2 of a 3 volume work on Stalin, and he is currently working on volume 3.
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20.
Construction tech is looking to disrupt an industry that's been notoriously slow to embrace change — insiders say these are the 10 contech startups to watch in 2020
With proptech funding booming and experts predicting that housing prices will continue to rise in the 2020s, a new slew of construction technology — or contech, for short — startups have emerged that are aiming to make building cheaper, easier, and safer. [ Business Insider ] Checkout 15K+ Venture Capital Data on our platform.
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