1.
The Elusive $1 Billion Fund That’s Rattled Venture Capital
It’s always nice to get invited to a party. Especially when the host is planning to hand out $1 billion. It was an odd place for the event—a hotel bar in The Hague, a Dutch city of bureaucrats and home to the International Criminal Court. Still, the 50-or-so attendees looked past the unconventional locale and the lack of polish and mingled among silver balloons, waiting to hear from Ellie Cachette, the woman with all the money.Many of those gathered on that Friday night in June of last year were venture capitalists who had been promised backing from Cachette Capital, a fund of funds -- an investment company that places clients’ money with
other investment firms, charging a fee along the way. Others hoped to curry favor with Cachette. They had flown in from New York and London to find out more about someone they knew hardly anything about. And there was the hope of meeting Cachette’s own backers, including pension funds with trillions under management, and Howard Morgan, former hedge fund manager, renowned venture capitalist and the highest-profile investor in Cachette Capital. [ Bloomberg ] Checkout 15K+
Venture Capital Data on our platform.
2.
Rent the Runway stops accepting new customers as operations melt down
Rent the Runway, the billion dollar clothing rental service trying to transform how women shop, has stopped accepting new customers in the wake of an operations breakdown that resulted in tons of canceled orders and a customer service meltdown. [ Vox ] Checkout 15K+ Venture Capital Data on our
platform.
3.
Inside the venture capital recruiting process
The venture capital industry has seen record amounts of capital in recent years, with many firms raising their biggest funds ever and new funds popping up every week. Professionalization in this once small industry has led to hiring at historic levels. Many of my clients are looking outside of the existing world of venture for the human capital to fuel that growth, seeking to build teams with more diverse experiences. [ Tech Crunch ] Checkout 15K+ Venture Capital Data on our platform.
4.
Why One Of Zoom’s and Cruise’s First Venture Capital Backers Is Defying The Mega-Fund Trend
Maven Ventures, a venture capital fund that made early stage investments in Zoom and Cruise, is launching a $65 million fund to feed off growing investor interest in taking small but very early bets on the next generation of technology companies. [ Forbes ] Checkout 15K+ Venture Capital Data on
our platform.
5.
Robots are ready to sort our trash, but will VCs be interested in the messy world of recycling?
This story is featured in the 3Q 2019 issue of the PitchBook Private Market PlayBook.
You finish a greasy-yet-satisfying lunch at the cafeteria, pick up the items from the table and walk to the trash and recycling bins. Like most well-intentioned people, you face a familiar dilemma. Used napkins. Leftover ketchup packets. A foam container. Wait, there's food stuck on it. Where do they all go? Is anyone watching? Help. We've all been there. And our three-second plight is part of an expensive problem that's only piling up by the minute. [ Pitchbook ] Checkout 15K+ Venture Capital Data
on our platform.
6.
What venture capital investors need to learn from the mistakes of WeWork and Uber
It’s official. Adam Neumann is stepping down as CEO of WeWork, adding another chapter to the great drama of Silicon Valley and once again highlighting one of its essential challenges: How do you manage and harness a genius? [ Fast Company ] Checkout 15K+ Venture Capital Data on our
platform.
7.
Crypto Venture Firm 1confirmation Announces New $45 Million Fund
Venture capital firm 1confirmation is announcing a new, $45 million fund for investing in cryptocurrency startups. Led by early Coinbase employee Nick Tomaino, the firm’s first fund, focused on seed rounds, amounted to $26 million. “We wanted to start off relatively small, prove out the model and raise more capital if the model was working,” Tomaino told CoinDesk in an email. “The model is working well and we had strong support from our existing [limited partner] base to launch a larger second fund.” [ Coin Desk ] Checkout 15K+ Venture Capital Data on our platform.
8.
Austin-based Silverton, Capital Factory Look To Raise $160M Across Three Funds
One of Austin’s largest venture firms, Silverton Partners, and the city’s largest accelerator, Capital Factory, are in the process of raising millions for new funds, according to filings with the U.S. Securities and Exchange Commission. [ Crunchbase ] Checkout 15K+ Venture
Capital Data on our platform.
9.
How Steve Case Thinks Venture Capital Can Bring Together a Divided Nation
To Steve Case, the former CEO of America Online, venture capital should be doing much more than merely supporting startups that create jobs and innovations. To him, that's the least of it. He actually thinks venture capital can bring together a divided country. Case made his remarks at the Concordia Annual Summit, where I interviewed him onstage. [ INC] Checkout 15K+ Venture Capital Data on our platform.
10.
San Francisco Is Eating California’s VC Dollars
A lot of San Franciscans seem to loathe the idea of their city as a global financial powerhouse and center of the tech universe. This is true for people in the tech and finance industries as well as everyone else. We’re attached to the idea of a funky, fog-laced city of steep hills and charming Victorians, with maybe just a few tech and finance jobs to pay the bills. [ Crunchbase ] Checkout 15K+ Venture Capital Data on our platform.
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