“We want our residents to see life from their doorstep, not stuck behind a windshield,” said Jeff Berens, who founded the San Francisco-based firm Culdesac alongside Ryan Johnson with $10 million in venture capital. The residential township in Tempe, which will be spread across 16 acres near Apache Boulevard and River Road, that is expected to open in 2020 will be the first apartment that will have no car parking for residents in the US. It will be opened to renters from Smith-Martin light-rail stop in fall 2020 and The $140 million worth project will have scooters, bicycles and some ride-sharing cars and also plans to offer residents of the 636 apartment’s deals on light rail, buses, and rides with Uber or Lyft in order to promote carpooling and usage of public transport in order to mitigate traffic. the developers believe that the Millenials will welcome this move as they are less careless and they are the generation that will choose to not own cars and would want to save on transportation costs. The Tempe city officials waived its parking requirements in order to accommodate the development project. The Review panel plans to vote on a zoning map amendment and development plan review for the first phase of the project in December. Read More>>
Angular Ventures a VC firm founded by former DFJ Esprit partner Gil Dibner targets startup firms in Europe and Israel to provide early-stage funding for deep tech startups. They worked in stealth mode building their portfolio from the past 2 years and have invested in 12 companies ranging from $250,000 to $1.5 million and they aim at making 5-7 new investments every year. Dibner who is the sole partner for Angular Ventures wants to build a sector-focused firm and plans to get rid of the geographical boundaries that hinder early-stage funding, they have made investments of $41million both in Europe and Israel ensuring a US presence in order to support portfolio startups globally. Read More>>
Recent studies based on data acquired from the USA suggests that VC’s are biased towards founders of same ethnicity irrespective of their financial behaviour, the male-dominated VC sector and the lingering gender gap further justifies the tendency of VC’s towards homophily. However, this does not mean we eliminate rationality completely because when the study was further extended to understand the 622 deals within India’s rapidly maturing VC industry. It was understood that the VC’s did not completely base their decision on the social attributes such as region, caste or language rather on the future cash flows from the deal. using measures such as the internal rate of return (IRR) as a metric the researchers could identify the number of successful deals out of the ones that were being studied. Read More>>
Lori Greiner, a millionaire businesswoman on Shark Tank advise the woman entrepreneurs to consider themselves as a person in business equal to anyone else. However, the market for entrepreneurial financing is not really gender-neutral hence woman-run startups struggle to secure funding in the initial stages compared to their male counterparts. The questions asked during the sales pitch and the language used to describe an entrepreneur shows the discrimination involved, further venture capitalists tend to associate more with similar others especially of the same gender thus confirming the gender stereotype. The downside of this gender segregation is that it will lead to the creation of Pink Silos reserved for female-run startups and investors and thus separating them from the rest. Read More>>
Super apps are those platforms that offer all online services in one app for smartphones, they include services like messaging, ordering food, banking, shopping and even booking a taxi. Wechat that’s called the “King of Super Apps” has been dominating the Chinese market and has more than one billion users that use it every month, it has extra features such as gaming and publishing. In Southeast Asia, Singapore-based Grab and Indonesia’s Gojek are competing to mimic Wechat’s model of success. Although these super apps are proven to be a great success in developing economies its intriguing that their presence is not felt in large and well-established economies such as the United States and Europe. Read More>>
Tech startups deal with software, cloud computing and mobiles. on the other hand, Hard tech startups are mostly concerned with materials, energy and Lifesciences. It is shocking that the criterions governing the success of both are completely different and thus a basic playbook cannot be used for both categories by an entrepreneur. However, in the past decade, tech startups have followed a particular trend in order to remain successful such as;
- Building products that fit into the big market by taking advantage of the rising smartphone market and also cloud computing technologies.
- Putting together a team of engineers, managers and designers to facilitate lean software development and growth methodologies.
- Using the right mix of “Tried and true” as well as the “out of the box” business strategies in order to expand larger and faster with the assistance of right executives.
Although it sounds really simple, it is extremely difficult to implement them and the pattern is completely different for Hardtech startups. Read More>>
The pitchbook data says US-based startups have raised $66 billion in venture funding in the first quarter of 2019 putting the market on track to surpass the $100billion mark by the end of 2019. However, there has been a considerable decline in the VC acquisition in Angel and seed-stage rounds, thus raising the question for all startups as to what is the right time to get investors and how to pick the right investors or partners. here are some perspectives shared by some leading early-stage venture capitalists that will help you have a better insight about VCs.Read More>>
1. Keep the pitch short and Focused:
Timing is crucial so take lesser time to pitch to make it better.
2. Turn your Pitch into a story
This is the best way to captivate your listener’s attention.
3. Explain exactly what is unique about your product or service:
Go back to the drawing board, if your product or service is not unique compared to the one already in the market.
4. Explain who your target audience is:
Use Demographics and psychographics to pinpoint your target audience.
5.Explain how you are going to obtain these customers:
Proposed Marketing/campaigning ideas, technique and methods to be included in the pitch.
NewtonX is a NYC-based firm that helps companies to connect with top experts in a range of fields through their unique search engines platform. Designed by entrepreneurs for entrepreneurs, NewtonX uses artificial intelligence to pair companies with ressources based on their needs. The firm announced a Series A funding of up to $15 Million in total. Read More >>