Month: May 2020

May 29, 2020

Today, the six-year old startup announced that it has closed a $13 million Series A funding round led by Fusion Fund. Mighty Capital, Allianz Life Ventures, Vectr Fintech Partners and Viaduct Ventures also participated, along with two angel investors from a previous round.

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May 14, 2020

In venture capital, the increasing disruption by mega-funds is driving many VCs into the classic innovator’s dilemma: I need to raise bigger funds to survive, but doing so will eventually dilute my returns which will ultimately kill me. The now-classic example is SoftBank who’s founder Masayoshi Son raised $100 billion dollars to invest “unlimited cash” in innovation-crazed companies. Based on my experience navigating three different innovator’s dilemmas, I see two main reasons for this disruptive trend and three ways VC firms might respond. As we’re all navigating towards a new normal, post-COVID-19, these responses will define a new industry direction, and I believe the natural endpoint will be increased fund consolidation activity.

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