While many venture capitalists try to back companies with large addressable markets, Spark Capital has had success taking bets on startups with no existing or easily definable markets. In 2013, the Boston-based firm led a $16 million Series A round of Oculus, a maker of virtual reality headset. Back then, there was no virtual reality […]
In April of this year, Tribe Capital filed papers to raise an inaugural venture fund of $150 million. The firm is the brainchild of three former Social Capital partners who abandoned their roles in 2018: Ted Maidenberg, Arjun Sethi and Jonathan Hsu. The three so far have remained pretty quiet about their new firm, at least until early June, […]
Taking time out from texting a founder, Paul Lee said he strives to be “the quickest VC in the community.” In other words, he wants to be the person who quickly finds solutions for founders so that they can focus on their companies rather than fundraising and other distractions. Lee, who met with VCJ during a […]
When Facebook formally unveiled its cryptocurrency, Libra, on Tuesday, the company announced it signed four venture capital firms to the 28-member Libra Association that will govern it. Membership required investing a minimum of $10 million and permits a role in managing its reserves and controlling its blockchain. The firms are Union Square Ventures, Andreessen Horowitz, […]
• Why this is important: Clarim believes services for the affluent are a viable investment. • Previous Deals: Has backed RRE Ventures, Compound VC and Insight Ventures, among others. In the 1980s, Jim McCann made his fortune when he took his small floral business and branded it on a national level as 1-800-Flowers, making it one of the […]
Funds from Spark Capital, Technology Crossover Ventures and Polaris Partners hold the top spots in a portfolio of mid-life venture funds at the Los Angeles City Employees’ Retirement System. The top performer as of was Spark Capital II from 2008 with an IRR of 51.7 percent, according to an analysis of the report. The fund […]
Megadeals have become commonplace in the United States, but now they are taking hold across the pond.
The concept of mental health is still somewhat taboo, especially in the workplace. But in the digital age, workplace stress and burnout are increasingly real problems, especially as workers are now expected to be connected to the office at all hours. Simply put, office workers today are under a lot more pressure than just a […]
If you’re a VC, you treasure your connections. You rely on your entrepreneurial contacts and you tap into your network of fellow VCs to source deals and stay on top of investing trends. The two partners of New York-based Supernode Ventures, which recently closed on $3 million for its debut fund to make pre-seed and […]
The following story is part of a cover package VCJ published in its June issue about how the latest developments in gene editing and gene therapy are triggering new wave of investments. Read the main story here: Gene editing rides new investment wave. Read here about the moral implications to consider: Ethical concerns dog gene editing. […]