Category: Accel
Investors tell Indian startups to ‘prepare for the worst’ as Covid-19 uncertainty continues
Just three months after capping what was the best year for Indian startups, having raised a record $14.5 billion in 2019, they are beginning to struggle to raise new capital as prominent investors urge them to “prepare for the worst”, cut spending and warn that it could be challenging to…
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Longtime LP Chris Douvos shares how COVID-19 could shake up venture industry
‘I think the venture industry as a whole is going to get, you know, kind of resized over the coming years’ Connie Loizos @Cookie / 7 hours Chris Douvos runs a fund of funds called Ahoy Capital that manages assets on behalf of numerous nonprofit institutions, endowments and foundations throughout…
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When the ‘dry powder’ disappears
Venture capitalists have raised record-breaking funds in recent years, but that doesn’t always mean the money is there for them when they want it. In extreme downturns, limited partners or LPs — the people and institutions that promise capital to venture capital firms, and then wire it when the VCs…
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NEA, venture capital’s quiet giant, closes on $3.6 billion
With its new fund, NEA will continue its strategy of investing across stages in technology and healthcare deals, with a focus, the firm says, on early stage deals and some growth investments. “We are deeply grateful to our limited partners for their commitment to NEA and their confidence in our…
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Microsoft launches 100X100X100 program to help Indian B2B SaaS startups
As Indian startups begin to make inroads in the world of SaaS, Microsoft has taken notice. The American tech giant today launched 100X100X100, a program aimed at business-to-business SaaS startups. Microsoft said Monday that 100X100X100 will bring together 100 companies and 100 early and growth startups. Each committed company will…
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Where top VCs are investing in open source and dev tools (Part 1 of 2)
The once-polarizing world of open-source software has recently become one of the hotter destinations for VCs. As the popularity of open source increases among organizations and developers, startups in the space have reached new heights and monstrous valuations. Over the past several years, we’ve seen surging open-source companies like Databricks…
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