Tag: Money
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Neumann’s back! Founder Adam Neumann is trying to “purchase [WeWork] or its assets” out of bankruptcy, according to a letter from Neumann’s attorneys. Meet the New Founder, Same As the Old Founder Neumann built WeWork from the ground up, but his overspending and self-dealing tanked the company’s 2019 IPO. The…
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Note: This is not investment or legal advice. Once you’ve decided to invest in a startup, how do you actually finalize the deal? This morning, I’m signing and wiring for a new investment. Here’s how it works… 1) Term Sheet. The lead investor generates a term sheet. This document tells…
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+ Angel Investing, Entrepreneur, Finance, Investing, Money, Silicon Valley, Startups, Tech, Venture Capital+
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“Make it new.” Ezra Pound Uber and Airbnb are the biggest winners of the last cycle. Their markets are very different, but here’s what they have in common: both were fundamentally new. Until Airbnb, no one had ever made it easy to rent someone’s spare room. And the first time…
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Series A may be the hardest round to raise. But new data shows that cutting burn can give you a huge advantage. Startup advisory firm Kruze Consulting released an extensive report yesterday based on data from about 100 seed stage startups. All tried to raise a Series A in 2023.…
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+ Entrepreneur, Finance, Investing, Money, Series A, Silicon Valley, Startups, Tech, VC, Venture Capital+
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When I first started investing, I dreamed of seeing one of my companies on a billboard in Times Square. I thought it would take 10 years. Turns out, it only took 2. Micro1, a startup I invested in last year, was just featured on the Nasdaq billboard in Times Square!…
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+ Angel Investing, Entrepreneurship, Investing, Money, NASDAQ, NYC, Stock Market, Tech, Times Square, Venture Capital+
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The FTC has launched an investigation of several big tech companies’ AI investments and partnerships. The investigation could spell trouble for big tech and cut AI off from a major source of funding. From a new report by CNBC: The Federal Trade Commission said Thursday it will conduct an extensive…
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+ AI, Artificial Intelligence, Finance, Investing, Money, OpenAI, Startups, Stock Market, Stocks, Tech, Venture Capital+
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What does it take to raise money right now? Here’s what I’m seeing in the market for pre-seed, seed, and Series A: Pre-Seed: $100k ARR or less Pre-seed deals usually have a trickle of revenue, but not much more. I did a pre-seed deal recently at $75k ARR — on…
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Just about every day, a startup raises hundreds of millions to build an LLM. But the real winner in the LLM race won’t be a startup. LLM’s Are Becoming Commoditized Every morning, I launch a browser set to open to 3 tabs: GPT-4, Bard, and a model from a startup…
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“I love this team and your product is amazing! I just couldn’t get my partners there. We’ll be cheering from the sidelines!” How many times have you heard that? Well, you won’t hear it from me. “They Never Give a Reason” I recently spoke with Mike*, the founder of a…
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Travis Kalanick’s first company got him sued for $250 billion. Time to quit the startup game, right? Wrong. Third Time’s a Charm Travis is known as the brilliant founder of Uber and CloudKitchens. But his first company, a file sharing service called Scour, was a disaster. Angry about music being…
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