Hi everyone and welcome to the vc family!
The inclusive way to break into Venture Capital.
Our goal is simple: open the doors to Venture Capital.
Every Monday morning, you will find us in your email box with the news of the week in Venture Capital, the latest fundraisers and acquisitions, the portrait of a VC and many others.
For more information about vc family, visit vcfamily.co
Quote of the Week
"We fall, but we get up because the ground is no place for a champion." said Dustin Poirier, UFC champion or by Tiger Global with its average 1.3 venture deals per day in the second quarter, making it the top dealmaker in a record quarter for VC
Program of the day :
Extra! Extra! Weekly news
Fundraisings, acquisitions, and IPOs of the week
VC is a poker game
High Five!
Extra! Extra! Weekly news
🚗 Halo will launch a remotely operated car service powered by 5G in Las Vegas
🛒 Instacart hires Facebook executive as new CEO ahead of expected IPO
🔋Auto giant Stellantis(PSA+Chrysler) to invest €30B in electrification through 2025
🍿 Netflix Is Losing Its Cool: Even as it dominates globally, the streaming giant no longer shines. HBO Max and Disney+, your move.
🤖 Square is going to make a hardware wallet for bitcoin
👀 Crypto firm Circle, which operates one of Earth's largest dollar-pegged stablecoins, is going public at a $4.5B valuation.
💭 WhatsApp will let you send images and videos in their ‘best quality’
💸 Microsoft is giving employees a $1,500 pandemic bonus
🛣 Volkswagen, BMW fined $1 billion for colluding to make dirtier cars
Fundraisings, acquisitions and IPOs of the week
🇰🇷 Kurly, the Korean grocery startup, raises $200M on a $2.2B valuation after shifting IPO plans away from the NYSE
💳 Dutch neobank Bunq raises $228M : Amsterdam-based Bunq, a mobile banking provider operating in European markets, raised $228 million in a Series A round led by Pollen Street Capital.
💄 Glossier raised 80M$ in Series E. A source with knowledge of company financials confirmed that Glossier’s valuation stands at $1.8 billion.
👶🏼 PowerZ the video game focused on education and founded by Shadow founder raised 8M€
☀️ Enpal raises $118M for solar power: Berlin-based Enpal, a provider of photovoltaic systems, raised $118 million in a funding round led by HV Capital. The company offers solar power installations for homeowners with no money upfront
🌀 French startup Didomi has raised a $40 million Series B. Didomi manages consent flows for web publishers and app developers
📈 Intellimize picks up $30M: Intellimize, a startup offering tools for marketers to drive conversions by personalizing websites, raised $30 million in a Series B round led by Cobalt Capital.
🔍 Netskope, focused on Secure Access Service Edge architecture, announced Friday a $300 million investment round on a post-money valuation of $7.5 billion.
👩💻 Coda closes $100M Series C: San Francisco-based Coda raised a $100 million Series D at a $1.4 billion post-money valuation, led by Ontario Teachers’ Pension Plan via its Teachers’ Innovation Platform
🆕 Clearco Raises $215M From SoftBank To Provide Startups With Alternatives To VC Funding
🏦 Younited, the consumer credit platform raised 138M€
🚴♀️ Angell, Simoncini’s joy raised 12M€ (we want this bike btw)
VC is a poker game
There are so many things to say about Venture Capital: memes, biases, diversity issues, crazy fundings, funds identities, and much more…
I was thinking, poker could be a great allegory of Venture Capital and include memes, biases, identities…
Here, we talk about Hold’em (c’mon, if you’re under 30 and play another version, you’re probably using Bing as a browser, LG as a « smart »phone, and renting VOD)
So, the game started.
Players are VC funds
Each player has 2 cards 🃏 🎴
Cards are startups funded by these funds
Even if you haven’t the best cards at this moment, your game can completely reverse depending on the following events: next cards
The dealer spreads five cards - three at once, then another, then another - which can be used by all players to make their best possible five-card hand
These cards are world events, trends and lifestyles, punctual change, laws, new and old habits, technology, discovery, politics, and much more.
In fact, businesses have to deal with all of these variables, benefit from some of them, avoid others and change a few.
VCs (players) will choose to believe MORE and MORE or give up their positions depending on these events.
Professional players have their strategies, their habits, their styles, and their way to play.
It is quite the same thing with VC funds, they believe in specific fields, are aggressive or passive, ethic or not, wear Patagonia or wear Patagonia…
Card after card, players will fold (quit the game), check (waiting to see what happen next), or bet (raise the current bet amount)
VCs sell their shares, keep them or fund more at the next round.
After 5 cards have been spread, one VC believes enough of its game and win, others believe but the world’s variables weren’t good for their cards and some quit before and regret or are relieved.
Early Facebook investors had a Straight Flush 🃏
But the casino always ends up winning, as well known as Tiger Global.
👋 High Five!
5 resources that WILL help your business, make you smarter, or just showing off during a meal with friends or partners.
Exclusive news: a 30min meeting with a VC here
If u doubted doing too much on Linkedin, he’s beating you for sure
Look what being hunted on ProductHunt 5 years ago (the SAME day)
GitHub CTO Jason Warner has joined VC firm Redpoint as a partner in its new $725 million growth fund.
« Writing is thinking formalized. You gain the ability to think by first learning to write very, very carefully. Then, when you can write effectively, you can do anything you want, and no one will stop you. » Jordan Peterson (TLDR: launch your newsletter)
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