Author: Alex Wilhelm

International growth, primarily in China, fuels the VC market today

TECHCRUNCH The venture capital business model has gone global. VC is still an exclusive club of financiers, but now with worldwide scope and scale. According to Crunchbase projections Crunchbase News reported in Q3 2018, worldwide VC deal and dollar volume each set new all-time records. In the U.S. and Canada, deal volume declined slightly from Q2 highs but growing deal sizes pushed total dollar volume to new heights. Much of this global growth comes from markets outside the U.S. and Canada. A recent collaborative study between Startup Revolution and the Center for American Entrepreneurship indicates that Beijing, China was the city that contributed...

Read More

Blood capital, WeWork whisperings, and gobs of cash for smiles and vegetables

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week we had a good crew on the show. We had Connie Loizos and Danny Crichton from TechCrunch, I scampered over from the Crunchbase News domicile, and Brian O’Malley, a general partner with Forerunner Ventures, joined us to us to round out the collective. It was yet another packed episode. There’s so much going on in the venture world that we can’t get to it all. Not even a large fraction, really. So we did what we always do, and picked out our favorite bits. Up top we talked about the recent market carnage. It’s been super rough for tech stocks large, small, medium, and SaaS. Everyone got hit. O’Malley gave us the standard venture answer that he isn’t a public market investor when we asked him about it, but as public market valuation multiples impact private market valuation multiples, this stuff matters to investors and founders alike. Next up: What’s going on with WeWork and the Vision Fund? After some back and forth, it seems that world-famous capital cannon won’t pick up a majority stake in the starkly unprofitable shared-offices concern. But the saga demonstrates that the Vision Fund is more willing than ever to cut checks the size of small continents. Where the Vision Fund gets its capital, though is under...

Read More

Elon’s sick burn, Coinbase funding rumors, and VC hiring trends

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was a treat. We had Danny Crichton in the studio. We had Connie Loizos in the studio. I was in the studio. And our guest, the excellent Andy McLoughlin, a partner at UnCork Capital, was in the studio as well. Thus it was with much enthusiasm that we first got to talk about the latest Elon Musk tweet to move Tesla’s stock, causing the famous CEO’s best-known company even more self-inflicted damage. What a mess. Happily, we had a whole show...

Read More

SoftBank pays big, SurveyMonkey goes public and JUUL’s next step

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week on Equity, the gang was back together. We had the ever-excellent Connie Loizos on hand, along with TechCrunch’s Danny Crichton, and myself, on loan from Crunchbase News. Even better we had Iris Choi on the show. When she’s not hanging out with us for the pod, she’s a partner at Floodgate. This week was another that offered a panoply of topics that we couldn’t get to in detail. Stripe’s huge new round, and attendant valuation bump, for example. Oh, and...

Read More

Corporate venture investment climbs higher throughout 2018

TECHCRUNCH Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor In VC fund creation, have we passed the peak? Supergiant VC rounds aren’t just raised in China Many corporations are pinning their futures on their venture investment portfolios. If you can’t beat startups at the innovation game, go into business with them as financial partners. Though many technology companies have robust venture investment initiatives—Alphabet’s venture funding universe and Intel Capital’s prolific approach to startup investment come to mind—other corporations are just now doubling down on venture investments. Over the past several months, several big corporations committed additional capital to corporate investments. For example, defense firm Lockheed Martin added an additional $200 million to its in-house venture group back in June. Duck-represented insurance firm Aflac just bumped its corporate venture fund from $100 million to $250 million, and Cigna lust launched a $250 million fund of its own. This is to say nothing of financial vehicles like SoftBank’s truly enormous Vision Fund, into which the Japanese telecom giant invested $28 billion of its own capital. And 2018 is on track to set a record for U.S. corporate involvement in venture deals. We come to this conclusion after analyzing corporate venture investment patterns of the top 100 publicly traded, U.S.-based companies (as ranked by market capitalizations at time of writing). The chart below shows that investing activity, broken out by stage, for each...

Read More

Eventbrite goes public, and everyone else is raising hella money

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week we worked with an (excellent) skeleton crew. Our own Connie Loizos held down the fort with a guest that knew quite a lot: March Capital’s Jamie Montgomery. There was a healthy blizzard of news to get through, so Connie and Jamie plowed ahead. Up top, the Eventbrite IPO was big news. After a long path to going public, Eventbrite reported interesting revenue growth acceleration, attached to a standard set of GAAP net losses. (Standard in that most tech IPOs these...

Read More

In VC fund creation, have we passed the peak?

TECHCRUNCH In venture capital, a variant on the Glengarry Glen Ross mandate is most fund managers’ modus operandi: Always. Be. Raising. And it seems like VCs have picked up on that. In the last few months, even casual readers of the tech press would notice many, many stories about VCs raising big new funds. So are venture investors spinning up new funds as often as they did in the past? VCs are certainly raising tons of money, and Crunchbase News reported earlier this week that these huge funds are bending the shape of the VC fundraising curve upward. But is that...

Read More

Crypto’s second bubble, Juul has 60 days and three Chinese IPOs

TECHCRUNCH Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. After a long run of having guests climb aboard each week, we took a pause on that front, bringing together three of our regular hosts instead: Connie Loizos, Danny Chrichton, and myself. Despite the fact that there were just three of us instead of the usual four, we got through a mountain of stuff. Which was good as it was a surprisingly busy week, and we didn’t want to leave too much behind. Up top we dug into the latest in...

Read More

Right Now in Politics and Business