Author: Joanna Glasner

US early-stage investment share shrinks as China surges

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items The global early-stage investment pie is getting bigger… a lot bigger. Just four years ago, investors were putting less than $10 billion per quarter into early-stage deals (Series A and B). The past two quarters, however, have all come in over twice that level. Q1 2018, meanwhile, looks to be a record-setting one, with Crunchbase projecting $25 billion in global early-stage investment. But while overall...

Read More

Who gains from Facebook’s missteps?

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items When Facebook loses, who wins? That’s a question for startups that may be worth contemplating following Facebook’s recent stock price haircut. The company’s valuation has fallen by around $60 billion since the Cambridge Analytica scandal surfaced earlier this month and the #DeleteFacebook campaign gained momentum. That’s a steep drop, equal to about 12 percent of the company’s market valuation, and it’s a decline Facebook appears to be suffering alone. As its shares fell over the past couple of weeks, stocks of other large-cap tech and online media companies have been much flatter. So where did the money go? It’s probably a matter of perspective. For a Facebook shareholder, that valuation is simply gone. And until executives’ apologies resonate and users’ desire to click and scroll overcomes their privacy fears, that’s how it is. An alternate view is that the valuation didn’t exactly disappear. Investors may still believe the broad social media space is just as valuable as it was a couple of weeks ago. It’s just that less of that pie should be the exclusive domain of Facebook. If one takes that second notion, then the possibilities for who could benefit from Facebook’s travails start...

Read More

Hip hop finds its beat in the startup scene

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items Hip hop stars are taking their reputations to Wall Street and Sand Hill road. Unlike their rock star brethren, who’ve historically been disinterested in dabbling with startups, quite a few hip hop artists have amassed good-sized portfolios. They’ve seen a few big hits too, most recently including a massive up round for zero-commission stock trading platform Robinhood, which counted Jay-Z, Nas and Snoop Dogg among its earlier backers. But just how deep does the hip hop-startup relationship go and where is it headed? To shed some light on that question, we put together a review of Crunchbase data on the startup investment activity of famous musicians. We looked at both hip hop and pop stars, culling a list of 21 artists who are either active investors or have joined one or more rounds in recent years. The general conclusion: Artists are doing more deals, raising more funds and backing more companies that graduate to up rounds and exits. Here are a few examples: Besides getting a slice of Robinhood, Jay-Z and his entertainment company, Roc Nation, also saw an early portfolio company, flight club startup JetSmarter, go on to raise financing a year ago at a reported valuation more than $1.5 billion. Roc...

Read More

Late-blooming startups can still thrive

TECHCRUNCH Joanna Glasner Contributor More posts by this contributor What does it take to be a startup that raises huge sums quickly? Not a minimalist? Startups will gladly store, manage and deliver your items It seems like startup news is full of overnight success stories and sudden failures, like the scooter rental company that went from zero to a $300 million valuation in months or the blood-testing unicorn that went from billions to nearly naught. But what about those other companies that mature more gradually? Is there such a thing as slow and successful in startup-land? To contemplate that...

Read More

Corporate bio VCs are backing more rounds and making bigger bets

TECHCRUNCH Joanna Glasner Contributor Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn Biotech is a lot like venture capital. Vast amounts of research, testing and marketing go into a wide range of therapies. But in the end, it’s just a tiny fraction that deliver most returns. That similarity may be why most of the biggest biotech and pharmaceutical companies have a long history of engaging in the venture business as startup investors, spin-out creators and strategic partners. Since last year,...

Read More

Front-door tech is hot, and it’s not just Amazon who wants in

TECHCRUNCH Joanna Glasner Contributor Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn Most of us tend to think people trying to open the door when we’re away want to steal stuff. Amazon.com would like to change that assumption. The e-commerce giant shelled out a reported $1.1 billion this week to acquire Ring, a developer of Wi-Fi-connected door bells. The move follows the rollout last year of Amazon Key, a smart lock and camera system for in-home deliveries to customers who don’t want packages sitting outside. But Amazon’s not the only one placing high value on front-door tech. In the age of on-demand delivery, service providers have long seen the typical low-tech door as an impediment to expansion. Smart-lock developers and home security companies also have been putting resources into the space, alongside a number of venture investors. As we reported a few months ago in an overview of smart-lock and building access investments, the way people open the front door hasn’t changed much in a century. Most of us still get in by turning a flat metal key into a lock. Visitors ring old-fashioned door bells. And there’s commonly no digital record of who came or why. There’s a lot of money going into changing that status quo. Since last year, venture investors...

Read More

What does it take to be a startup that raises huge sums quickly?

TECHCRUNCH Joanna Glasner Contributor Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn Some founders toil for years to secure a meager seed round. Others seem to go from launch to a massive fundraise in no time. Why is that, and how does one get into that second group? There’s no single formula, of course. But data indicates it helps to be famous, involved in a hot technology sector or working to cure cancer. Those are the findings from a Crunchbase...

Read More

South Korea aims for startup gold

TECHCRUNCH Joanna Glasner Contributor Joanna Glasner is a reporter for Crunchbase. More posts by this contributor: Not a minimalist? Startups will gladly store, manage and deliver your items The state of the unicorn Back in 2011, when South Korea won its longshot bid to host the 2018 Winter Olympics, the country wasn’t widely recognized as a destination for ski and snow lovers. It wasn’t considered much of a tech startup hub either. Fast forward seven years and a lot has changed. For the next 10 days, the eyes of the world will be on the snowy slopes of PyeongChang. Meanwhile, a...

Read More

Right Now in Politics