|
|
October 29 · Issue #33 · View online
The Future of Venture Capital
|
|
šš» Hello to all of our new subscribers and thank you to our existing ones for sharing far and wide last week, it certainly made a difference. And youāre just in time too, this week was an exciting one, with Social Capital announcing ācapital-as-a-serviceā as well as a publicly listed venture fund, DFJ Esprit (a relative novelty in itself) acquiring the first two funds of another VC firm, Seedcamp.Ā Inventive thinking in VC is becoming more commonplace and these are excellent examples of how we are now seeing innovative approaches all the way from the initial investment to the exit. Series F is here to document these changes each week and give you a view into the future of venture capital.Ā I hope you continue to enjoy the journey!
|
|
|
āFriends & Family Rounds by SeedLegals is a super quick and simple new way to close your first funding round. All the legals in one super easy-to-manage workflow: Investor Agreement, Articles, Board Minutes, SH01 ready to file at Company House, issue share certificates to your new investors.. and away you go!ā ~> SeedLegals
|
|
Talking of Social Capital:Ā They evaluated nearly 3,000 companies during its private beta and committed to funding several dozen across 12 countries. An interesting byproduct of the data-oriented approach was that CEO demographics skewed 42% female and majority non-white. (For context, female founders received 2.19% of venture capital funding in 2016) ~>Ā Social Capital Will Let Data Decide Where It Invests
Like the broader tech industry, venture capital has been reckoning in recent years with its lack of racial diversity. But the pace of change has been glacial, mirroring its better-documented issues with gender diversity ~>Ā The (slowly) changing face of VCās next generation
|
|
SalesforceĀ has announced the launch of the Salesforce Impact Fund, a $50 million initiative aimed at supporting companies that use Salesforce technology and are working to address challenges in the areas of workforce development, equality, sustainability, and social sector impact ~>Ā Salesforce Ventures Launches $50 Million Impact Investment Fund
|
|
|
|
|
|
After years of single-minded expansion, Big Tech is bracing for a backlash. āIt feels like the storm has already been bearing down on Silicon Valley as we speak,ā one investor said. āMantras that once mattered like āDonāt be Evilā sound at best hollow or at worst hypocritical ~> Is the sun really setting on Silicon Valley?
āNadellaās gentle, compassion-first ethos is not extraordinarily radical. To different degrees, itās mirrored in Apple CEO Tim Cook, Google CEO Sundar Pichai, and Uberās new chief, Dara Khosrowshahi. From press accounts, all of these CEOs are listeners first, and are reported to be team playersā ~>Ā A new type of leader is emerging in Silicon Valley
CB Insights crunched the data to see if there was a correlation between prior entrepreneurial experience ā which they defined as having founded or co-founded a company ā and VCsā placement on the CB Insights 100 rankings ~>Ā Do Ex-Startup Founders Make The Best Venture Capitalists?
āIāve got bad news for aspiring fund managers. Fundraising is only getting harderā ~>Ā Window Shopping
|
|
Please consider tweeting this issue and recommending to your friends and colleagues, it will make my Sunday.
|
Did you enjoy this issue?
|
|
|
|
In order to unsubscribe, click here.
If you were forwarded this newsletter and you like it, you can subscribe here.
|
|
|
|