‘Airbnb mafia’ fund Wave Capital makes it official, closing its debut fund with $55 millionA couple of weeks ago, Airbnb announced some major changes to the ways it compensates employees before it goes public. At least two former Airbnb employees and a longtime VC will be ready to fund those who leave when it does. They’ve been waiting on this moment since last summer, in fact. That’s when former Airbnb data scientist Riley Newman left the firm to start work on a venture firm, quickly enlisting the help of his colleague of several years, Sara Adler (Airbnb’s former head of corporate development) and former Madrona Venture Group principal David Rosenthal. [ Tech Crunch ] Millionaires, billionaires, and tech titans are swarming to Sun Valley, Idaho — here's a look at who's attending Allen & Co.'s annual mogul festIt's that time of year again: the annual Allen & Company Sun Valley Conference, otherwise known as "summer camp for billionaires." The conference, which happens every July, attracts investors, moguls, and titans from industries ranging from tech to entertainment to sports. [ Business Insider ] BDC Capital bets on four more startups led by womenBDC Capital announced four new women-led startups for its Women in Technology Venture Fund on Wednesday, including Lufa Farms, a Montreal-based company that’s growing vegetables in urban rooftop greenhouses. Tiger Global takes $1 billion stake in SoftBank, calling it undervalued: sourceU.S. hedge fund Tiger Global has built a stake worth over $1 billion in SoftBank Group Corp as it considers the Japanese firm to be undervalued, a source with direct knowledge of the matter said, driving SoftBank shares up as much as 6.8 percent. Tiger, which manages around $22 billion in assets, told investors in a letter that SoftBank's stock price had not increased over the last five years even though its holding in Chinese e-commerce giant Alibaba had added more than $90 billion in value, the source said on Wednesday. [ Reuters ] Scale Venture Partners has a new $400 million fund to invest in enterprise Scale Venture Partners, an 18-year-old, early-stage venture firm that focuses on software companies, has closed its sixth fund with $400 million, up slightly from the $335 million the firm raised in early 2016. Among its biggest hits: the e-signature company DocuSign, which went public in April; the online data storage company Box, which went publicin 2015; and the marketing software company HubSpot, which went public in 2014. [ TechCrunch ] Chelsea Clinton, Kleiner Perkins throw support behind Nurx, the 'Uber for birth control'Telemedicine startup Nurx, which provides direct-to-consumer birth control and daily HIV prevention medication (PrEP) to patients whether or not they have health insurance, has raised $36 million in a Series B led by Kleiner Perkins Caufield & Byers. The round values the company at $100 million, per PitchBook data. [ Pitchbook ] Texas Loses VC Momentum In Q2 2018 Convene now valued at more than $500MPony.ai raises $102 million to deploy self-driving cars in BeijingWhy do some in the tech community support universal basic income? They’re ‘terrified’ about the future.Global Venture Funding Going To Female Founders Skyrockets, But There’s A Catch Billionaire Neil Shen: Becoming A Top Venture Capitalist and Successful Entrepreneur in ChinasTrends in Venture CapitalInnovators Who Are Changing Asias |