It’s happening slowly but surely. With every passing week, more venture firms are beginning to announce SPACs. The veritable blitz of SPACs formed by investor Chamath Palihapitiya notwithstanding, we’ve now seen a SPAC (or plans for a SPAC) revealed by Ribbit Capital, Lux Capital, the travel-focused venture firm Thayer Ventures, Tusk Ventures’s founder Bradley Tusk, the SoftBank Vision Fund, and FirstMark Capital, among others. Indeed, while many firms say they’re still in the information-gathering phase of what could become a sweeping new trend, others are diving in headfirst.
To better understand what’s happening out there, we talked on Friday with Amish Jani, the cofounder of FirstMark Capital in New York and the president of a new $360 million tech-focused blank-check company organized by Jani and his partner, Rick Heitzmann. We wanted to know why a venture firm that has historically focused on early-stage, privately held companies would be interested in
In business, it takes money to make money. Yet for many Black and Latinx founders, access to capital is a barrier to entry into their respective industries. Another barrier is often access to venture capitalists who come from similar backgrounds as them, who understand them, and who believe in their ideas and businesses enough to invest in them.
According to research, only 1% of VC-backed companies have Black founders, and only 2% of firms have investment team members who identify as Black.
San Francisco based technologist, Hadiyah Mujhid, has been solving for that equity problem as the founder and CEO of HBCUvc. Prominently known for building pathways for underrepresented investors and founders, HBCUvc has led the charge on developing the next generation of venture capital leaders from Historically Black Colleges and Universities through their strategic programming and partnerships. With
As the cannabis industry matures, winners have begun to separate themselves from the pack and position themselves as leaders in their categories.
VCs are taking notice. They said they’re shifting their investment dollars from early stage firms to growth stage companies that already have a proven track record.
According to data from PitchBook, VC investment in cannabis startups cratered this year, as the cannabis bubble burst and investors pulled back during the pandemic.
Many investors told us they’re still open to new exceptional startups, however.
Business Insider talked to six VCs who say that for a startup to get their attention, the company would need to have solid leadership, an idea that would completely innovate or create a category, and the ability to scale quickly, among other qualities
Subscribe to Insider Cannabis for more stories like this.
The crowded cannabis market has thinned out since its boom in late 2018,
Business Insider asked seven venture capitalists to choose the two self-driving startups they believe have the most potential.
At least one of the VC’s picks had to come from outside their firm’s portfolio.
Many of their choices reflected the autonomy industry’s increasing focus on trucking and deliveries over ride-hail.
Aurora Innovation was picked four times, more than any other company.
Visit Business Insider’s homepage for more stories.
Self-driving taxis have taken longer to reach widespread adoption than experts predicted during the 2010s. That may be why venture capitalists see potential in autonomous-vehicle startups that are focused on applications, like trucking and mining, that present fewer technological challenges than ride-hailing.
Business Insider asked seven venture capitalists to pick the two autonomous-vehicle startups they believe have the most promise, with the caveat that only one could be a company their firm has invested in. Their selections reflected the industry’s increasing focus on
Opinions expressed by Entrepreneur contributors are their own.
Covid-19 has brought about a paradigm shift across industries, and venture investing is no exception. The pandemic and ensuing lockdowns have influenced consumer behaviour and preferences majorly, may be even permanently in some cases.
To understand how the investment landscape has transitioned amidst the Covid-19 pandemic and its impact on long-term investing, Entrepreneur India interacted with Vinnie Lauria, founding partner, Golden Gate Ventures, an early-stage venture capital (VC) firm in Southeast Asia. Lauria shared his views on the nitty-gritty of investments along with the bounce back plan for businesses.
Impact of Pandemic on Investment and Bounce Back Approach
Most of the work operations continue to be remote in Singapore and Indonesia despite lifting of lockdown restrictions. “In a market like Indonesia, people are working from home and locked down. There were certain presumptions about bounce back
Barely a few hours before the announcement of the assembly election, Bihar filled the key position for higher education. The government notified the appointment of Prof Kameshwar Jha for the second term at the Bihar State higher education council (BSHEC) late Thursday evening. It had already been cleared by the Governor earlier.
Besides, it also notified three vice-chancellors as members. They are Central University of South Bihar (CUSB) VC HSC Rathore, Patna University VC Girish Kumar Choudhary, and Munger University VC RK Verma.
The position of SHEC Vice-chairman had remained vacant for over one and a half years since the term of Jha, the first vice-chairman of the SHEC, had ended on March 28, 2019. The education minister happens to be the ex-officio chairman of the apex higher education body in the state.
BSHEC is a mandatory requirement under the Rashtriya Uchchatara Shiksha Abhiyan (RUSA)