Tag: venture capital
Where these 6 top VCs are investing in cannabis
The cannabis market was in the midst of a correction when the COVID-19 crisis hit and could emerge stronger than ever. After a breakthrough period of growth, cannabis startups entered 2020 with depressed values and an uncertain future. Now, with millions sheltering in place, many companies are seeing unprecedented demand…
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70% of Indian startups will run out of money in less than 3 months
More than two-thirds of startups in India need to secure additional capital in the coming weeks to steer through the coronavirus pandemic, according to an industry report. 70% of startups in India, home to one of the world’s largest startup ecosystems, have less than three months of cash runway in…
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African countries need ‘startup acts’ more than ever to support innovation
National initiatives catalyze growth in the region’s burgeoning tech sector Adedana Ashebir 7 hours Adedana Ashebir Contributor Adedana Ashebir is regional manager for Africa for Village Capital, which has supported more than 100 entrepreneurs and 15 entrepreneur support organizations in Sub-Saharan Africa since 2012. As the fallout from COVID-19 continues…
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SoftBank’s Q1 2020 earnings presentation mixes comedy and drama
Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. Today we’re digging into SoftBank’s latest earnings slides. Not only do they contain a wealth of updates and other useful information, but some of them are gosh-darn-freaking hilarious. We all…
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The first Vision Fund is officially done investing (and spent $100M every day of its existence)
There is a flurry of news out of SoftBank this morning, which announced its Fiscal Year 2019 (ending March 31, 2020) financial results overnight. It’s been a bad year for the Vision Fund, with huge losses at WeWork and Uber due to corporate incompetence, intrigue, and of course, COVID-19. But…
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Electric gets another $7 million in funding from 01 Advisors and the Slack Fund
Electric, the platform that puts the IT department in the cloud, has today announced new funding following a continuation of its Series B earlier this year. Dick Costolo and Adam Bain (01 Advisors) and the Slack Fund participated in the $7 million capital infusion. 01 Advisors put up the majority…
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