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Tag: Startups

Business 0

Why Austin is #1 in Attracting Tech Workers

Austin, already a significant tech center, is the biggest beneficiary of tech workers being able to live anywhere and work remotely: Austin is the top beneficiary of tech-related migration in the past 12 months, according to data from Microsoft Corp.’s LinkedIn profiles. Nashville and Charlotte also saw noteworthy migration rates. Why is Austin #1? Tech workers are finally able to […]

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India Is Soaking Up Venture Capital Like a Sponge

It’s not just about the Bay Area anymore. Indian startups have raised venture funding at a record pace this year, on track to double from 2020: Startups raised total investments of $7.8 billion in the first four months of this calendar year, which is almost 70% of the overall corpus of $12.1 billion raised in entire 2020 and more than […]

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How Do You Know If a Startup Is Getting Traction?

Investors look at a lot of startups before laying a bet. But how do we know if the company’s product is catching on, or has failed to find traction? And as a founder, how do you know if you’re headed in the right direction or…nowhere? In a recent episode of the superb podcast This Week in Startups, investor Jason Calacanis […]

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This Is How Vlad Tenev Built Robinhood

“You can break down Robinhood into a series of small steps, the first one being start Robinhood, and every subsequent one being some variant of don’t stop and keep going, right, and you end up where we are today. “ In his mid-20’s, Vladimir Tenev lived in New York City. His apartment was tiny and spare. All his time went […]

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NBA Top Shot: An Overnight Succcess 8 Years in the Making

NBA Top Shot’s popularity is exploding. Users pay to own an iconic basketball image or video clip, such as Lebron James dunking on someone (plenty of those choose from!). Their ownership is recorded on the blockchain in what’s called a Non-Fungible Token (NFT). NBA Top Shot is a creation of Dapper Labs, a Canadian blockchain company. It started selling NFTs […]

Business 1

Venture Funding Just Doubled in 1 Year

I came across an incredible stat last night: Worldwide venture funding has nearly doubled YoY reaching $125B and grew by half QoQ in Q1 2021, according to Crunchbase. On average, two startups crossed the unicorn valuation threshold each working day during the first three months of the year. Users increasing their engagement with online tools due to the pandemic, along […]

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Key Metrics for Startups: Consumer vs. Enterprise SaaS

I listened to a fascinating podcast this morning in which Jason Calacanis, an early investor in companies including Uber and Calm, broke down how to measure startup success. The key metrics depend on what kind of company you’re looking at: Consumer companies: Of the biggest users, how many are retained? For example, if someone used the app 3 times a […]

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Unicorns Are Being Minted Faster Than Ever

On average there are 7x the number of billion dollar exits now than a decade ago. This was Eric Feng writing in September 2018. Since then, this staggering increase in startups hitting that magic “unicorn” $1 billion valuation has only accelerated. Data indicates the number of unicorns has nearly doubled again since Feng’s writing. That’s a growth rate almost twice […]

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This Is How Startups Pitch Investors

You walk into the room, palms sweating. You go over your script in your head. You pray to God your computer doesn’t crash. Eyeing you skeptically are a bunch of grey haired money guys. Don’t screw this up. At the very least, that may be how the public imagines the meetings where startups pitch investors. The reality isn’t quite so […]

Books 0

Amazing Drugs Are Going from the University to the Graveyard, While Patients Pay the Price

Was the cure for cancer invented in a university, only to be shelved for a lack of funding? University labs are creating incredible drugs on a regular basis. Unfortunately, most will never get to the patients that need them so desperately. This is the conclusion of an intriguing book I just read, Preserving the Promise: Improving the Culture of Biotech […]

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UBiome and Theranos Are So Similar It Will Shock You

The co-founders of lab testing startup uBiome are under indictment for fraud and are currently on the run. Listening to a podcast about uBiome this morning, the parallels between it and Theranos struck me as uncanny: The two co-founders were romantically involved, just as Theranos CEO Elizabeth Holmes was with COO Sunny Balwani. Perhaps its easier to keep secrets in […]

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Is Robinhood Screwing You On Your Trades?

An interesting detail surfaced in this week’s Congressional hearing on GameStop shares and Robinhood, the platform where they’re often frenetically traded: In his statement, Themis Trading Partner Sal Arnuk went right for that last issue, calling attention to the fact that payment for order flow (PFOF) causes a disconnect between a broker and his customer — especially in the case […]