Thursday, October 29

Private Equity

Private Equity

Understanding the Key Features of a Convertible Note Offering
Private Equity

Understanding the Key Features of a Convertible Note Offering

Now that we have considered the principal reasons a startup may choose to issue convertible notes to investors in lieu of selling shares – namely, to raise capital efficiently and without a fixed valuation – let’s get a better understanding of how a convertible note offering works. Because a startup investor’s strategy is fundamentally high-risk high-reward, convertible notes look much different than, for example, a traditional bank loan to a small business. The goal of a small business lender is to collect interest income whereas the goal of a convertible note investor is to acquire equity in a startup (at a discount) and eventually participate in a liquidity event in the form of a company sale or IPO. Therefore, the deal terms of a convertible note offering differ significantly from...
20VC: Unity Founder David Helgason on The Hypergrowth Early Days of Unity, Why Running A Company Is Like A Liberal Art, The Secret To A Successful CEO Transition and What Makes Roelof Botha Such A Special Board Member
Private Equity

20VC: Unity Founder David Helgason on The Hypergrowth Early Days of Unity, Why Running A Company Is Like A Liberal Art, The Secret To A Successful CEO Transition and What Makes Roelof Botha Such A Special Board Member

David Helgason is the Founder @ Unity, the company that gives content creators the tools to create innovative RT3D experiences and deliver better processes for almost every industry. Prior to their IPO in 2020, Unity raised from the likes of Sequoia, Thrive, DFJ, SilverLake and then individuals including Max Levchin and VMWare’s Diane Greene. If that was not enough, David is currently a Partner @ Nordic Makers, a group of ten top Nordic angels working together to be the best angel investors in the Nordics. David also serves on the board of Labster, Realm.io and Quizup.CLICK TO LISTEN ON ITUNESIn Today’s Episode You Will Learn:1.) How David made his way from founding Unity in a cafe in Denmark to the $10Bn+ public company it is today?2.) How would David describe his leadership style? How ha...
Dallas’ ShearShare has a marketplace connecting stylists with available seats at salons and $2.3 million in funding
Private Equity

Dallas’ ShearShare has a marketplace connecting stylists with available seats at salons and $2.3 million in funding

Courtney Caldwell and her husband Tye have been building the Dallas-based startup ShearShare, which provides a marketplace service connecting stylists with open seats at hair salons, since 2017. Since their launch the two co-founders have been committed to the humble hustle of starting their own business — including flying between San Francisco and Dallas weekly to participate in the 19th 500 Startups cohort or participating in Y Combinator’s Fellowship program. Now, with a seed round of $2.3 million and another non-dilutive cash grant from Google for Startups Black Founders Fund, the early-stage company is ready to expand. The two co-founders certainly have a pedigree in the beauty industry. Tye Caldwell has been a luminary in the industry and is a member-elect of the Professional B...
India’s FreshToHome raises $121 million to grow its meat and vegetable e-commerce platform
Private Equity

India’s FreshToHome raises $121 million to grow its meat and vegetable e-commerce platform

FreshToHome, an Indian e-commerce startup that sells fresh vegetables, fish, chicken and other kinds of meat, has raised $121 million in a new financing round as the Bangalore-headquartered firm reports accelerated growth spurred by the coronavirus pandemic. The startup, which offers its service in several major Indian cities, including Delhi, Mumbai, Pune, Bangalore, and Hyderabad, is processing about 1.5 million orders a month, up from 420,000 monthly orders last year, said Shan Kadavil, co-founder and chief executive of FreshToHome, in an interview with TechCrunch. The growing popularity of FreshToHome, which aims to “Uber-ize farmers and fishermen” for commodity exchange, comes as people become cautious about stepping outside of their homes and standing in queu...
New study: nearly a quarter of patients admit to multitasking during telehealth visits
Private Equity

New study: nearly a quarter of patients admit to multitasking during telehealth visits

Patients are scrolling social media, texting, driving and drinking while talking with their doctor Of all technologies, telehealth has probably been the space most positively effected by the COVID pandemic. Not only did the amount invested in the space nearly double year-to-year this past quarter to $2.8 billion, but usage has gone up as well: it is now estimated that 20 percent of all medical visits this year will be done through telehealth.  Still, there is a lot that needs to still be studied about telehealth visits and their effectiveness. Sure, patients like them, most likely because of how much easier it is than driving to a doctor's office, but do they have the same outcomes as sitting face-to-face with a doctor? A new survey done by healthcare IT com...
What’s ERP Software and Why Do You Need One?
Private Equity

What’s ERP Software and Why Do You Need One?

With the rapid growth in technologies, the ERP software market may cross $41.69 billion in profit by 2020. The statistics are enough to demonstrate the impact of this technology on businesses. This figure is undeniably impressive and reflects how important it is for companies in the future. Incorporating ERP software is one-way marketers can give their brand a competitive edge. If your startup is in the initial phases and you are looking for a technology to help you manage business functions, ERP software is ideal, and if you don’t, this article is worth reading. What is ERP? ERP stands for Enterprise Resource Planning system. Many organizations use this software package to manage business activities, including project management, procurement, accounting, distribution oper...
Ordermark Funded $120M to Expand its Virtual Business
Private Equity

Ordermark Funded $120M to Expand its Virtual Business

Ordermark is based in Los Angeles, CA, one of the leading online ordering management solutions for restaurants and virtual restaurant concepts. Ordermark was funded $120 million series C round funding. The funding was led by prominent technology investor SoftBank Vision Fund and joined by returning investor Act One Ventures. The grant will use to help more restaurants transition to online ordering during the pandemic and beyond. The company’s software consolidates incoming orders from multiple platforms and sends them to a single printer. Ordermark also operates a company called Nextbite, a portfolio of 15 readymade virtual brands such as CraveBurger, Firebelly Wings, and HotBox by Wiz, a collaboration with rapper Wiz Khalifa. Restaurants can offer these delivery-only bra...
20VC: Sequoia’s Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia’s US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success
Private Equity

20VC: Sequoia’s Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia’s US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success

Roleof Botha is a Partner @ Sequoia Capital, one of the world’s leading venture firms with a portfolio including the likes of Airbnb, Instacart, Stripe, UiPath, Zoom, the list goes on. As for Roelof, at Sequoia he has led rounds into the likes of YouTube, Instagram, Eventbrite, Square, MongoDB, 23andMe and Unity Technologies to name a few. Before joining the world of venture, Roelof was the CFO @ Paypal playing a key role in their hyper-growth from 2000-2003.CLICK TO LISTEN ON ITUNESIn Today’s Episode You Will Learn:1.) How did Roelof go from actuary in South Africa to CFO @ Paypal? What were his biggest lessons from seeing Paypal burn $10M per month? How did Paypal lead to his joining Sequoia as a Partner?2.) Market Evaluation: Does Roelof agree that the market is crazy today? How does to...
Boston startups expand region’s venture capital footprint
Private Equity

Boston startups expand region’s venture capital footprint

This year has shaken up venture capital, turning a hot early start to 2020 into a glacial period permeated with fear during the early days of COVID-19. That ice quickly melted as venture capitalists discovered that demand for software and other services that startups provide was accelerating, pushing many young tech companies back into growth mode, and investors back into the check-writing arena. Boston has been an exemplar of the trend, with early pandemic caution dissolving into rapid-fire dealmaking as summer rolled into fall. We collated new data that underscores the trend, showing that Boston’s third quarter looks very solid compared to its peer groups, and leads greater New England’s share of American venture capital higher during the three-month period. For ...
The healthcare space saw record investment in Q3 says CB Insights report
Private Equity

The healthcare space saw record investment in Q3 says CB Insights report

Spaces like AI, women's health and telemedicine all saw big increases in dollars and deals 2020 has been a wild year for healthcare around the globe, to put it mildly, with the coronavirus putting undue stress on the system, while also totally upending the way patients receive their care. At the same time, though, the disruption has also created opportunities for innovation, and that is reflected in the amount of venture capital activity the space is now seeing. Case in point, the third quarter of 2020 saw a record amount of venture capital go into the healthcare space, according to The State of Healthcare Report Q3'2020 report, released by CB Insights earlier this week. In all, there was $21.8 billion invested across 1,539 deals in Q3, representing an incre...