The San Diego Venture Group recently unveiled its 2019 list of Cool Companies, young startups in the region that have evolved to the point where they’re ready for institutional investor backing. This year, SDVG bumped the number of Cool Companies to 33, up from 30 in previous years. President Mike Krenn said the group decided […]
Venture capital could be an elite asset class, which is typically available only to very large institutions and high-net worth individuals. OurCrowd, the most active venture investor in Israel, according to PitchBook, is trying to change this by doing something Founder and CEO Jon Medved is calling “democratic venture capital.” Medved, a veteran venture capitalist […]
Fuel Capital said it closed a $75 million third fund targeting seed-stage companies developing business software, developer tools and pursuing consumer initiatives, specifically consumer market places. The fund is a step up from the Silicon Valley firm’s $46 million second fund and $25 million debut fund. Interest from LPs led the capital pool to be […]
Below is performance data for the venture capital funds in the New York State Common Retirement Fund portfolio. The figures from the New York LP are current as of March 2018. To download the full version of the spreadsheet below with additional data, click here: NY State Common Retirement (Vintages 2002 to 2006) NY State Common Retirement Fund (Vintages 2002 […]
By David Siegel, Grellas Shah As a lawyer representing early-stage companies, it is common for me to receive an email from a client with an executed $100,000 note or SAFE of which I had no knowledge. But with the rise in unicorns and competition among investors, what frightens me is seeing multi-million dollar investments come […]
There’s an old joke in the trucking business: Everything on the planet, other than babies, is delivered by truck. It’s a cute way of saying that trucks are essential to our day to day lives. And without them the whole global economy would probably come apart. In fact, trucking is one of the biggest industries […]
Some of the world’s largest tech companies manage sizable venture funds under their auspices. But not every big company with capital to commit to venture has the reach and resources of Alphabet’s GV or Intel Capital. That’s where Pegasus Tech Ventures comes into play. The San Jose, California-based firm recently announced that it is open […]
Joel Albarella has led New York Life Ventures, the venture arm of life insurer New York Life, since its founding in 2012. He has guided the firm during that time through 29 venture investments, and in January was able to announce it had more than $200 million of committed capital. This mission to seek innovation […]
There’s a Mark Twain saying that “There’s gold in them thar hills.” A possible rephrasing is that “There’s gold in them thar labs” as rallying cry for Anzu Partners, which announced recently that it is raising a second fund. Anzu already has commitments of $110 million, according to David Michael, managing partner in the firm’s […]
SoftBank Vision Fund didn’t invent the so-called private IPO, but its deep pockets have helped institutionalize these so-called mega rounds of $100 million, and many times much more. In the past five years, massive financing rounds have spread like wildfire across U.S. venture capital. Last year, 201 such rounds took place, almost double the total […]