Silicon Valley venture firm Social Capital plans to help startups go public without the dreaded IPO process. Social Capital is creating a shell company known as a “SPAC” that exists solely to merge with a startup. These types of transactions are not rare outside of the venture world but have little precedent with tech startups ~> Social Capital to help startups go public without an IPO
GM Quietly Deepens Silicon Valley Ties By Learning To Play Tech Incubator
~> The automotive giant is backing 500 Startups’ Demo Days in a partnership with the tech incubator forged late last year. The relationship with 500 puts “scouting on steroids – and we’re learning a lot about startup culture too,” Gary Smyth, executive director of GM’s Global R&D Laboratories, told Forbes.
The alternative to a Series A round is to carry on bootstrapping - developing the technologies, business model and customer base without recourse to a large injection of cash. But in the competitive technology market, is it really possible to scale up significantly without the help of VCs or deep-pocketed angels? Back To The Bootstrap - Living Without Series A Funding