AutoCloud announced a $4 million seed round this morning. The cloud-focused startup’s investment was led by Animo Ventures, with participating checks from Uncorrelated Ventures, B Capital Group and Moxxie Ventures. AutoCloud is the commercial side of the CloudGraph open source project. The hybrid open source (OSS) and commercial combination is an increasingly popular startup method […]
What happened to Paytm’s IPO valuation?
Paytm’s IPO price was simply too high compared to its recent financial results. Trailing results matter as well, and Paytm’s were just too weak to support its IPO price.
Equity Monday: Paytm’s rocky debut gets rockier
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. Happy Monday everyone, and welcome to a holiday week here in the United States. Yes, we here in the good ol’ States will be off the second half of this week. TechCrunch won’t […]
As crypto unicorns multiply, the US stands out as ground zero for blockchain winners
The market for crypto-focused investing is growing rapidly. News that Paradigm put together a $2.5 billion fund the other day is a reminder of the scale of funds now available to startups looking to build on the blockchain. Andreessen Horowitz has a mega-fund in the market as well, while Coinbase Ventures is setting a blistering […]
Are rivals snacking on Instacart’s core grocery delivery market?
Instacart’s growth rate is plateauing. What’s going on?
The Anoma protocol raises $26M for its work to undefine money
One of the best parts of being a journalist is getting to pepper experts with whatever questions you have in mind, allowing you to learn lots, often quickly, about much. The downside to that upside is that you often wind up knowing just enough to be dangerous as a journalist, but not enough to not […]
Utah’s Podium raises pre-IPO round, boosting its valuation to $3 billion
We won’t know how special Podium truly is till it coughs up some new numbers.
Casper’s return to private life isn’t a canary for DTC companies going public
Why do we care about one public company’s planned exit from the public markets? Because Casper’s demise as an independent, growth-oriented DTC company details what can go wrong for such firms.
Equity Monday: Startups rush to announce news before holiday slowdown
Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is Equity Monday, our weekly kickoff that tracks the latest private market news, talks about the coming week, digs into some recent funding rounds, and mulls over a larger theme or […]
Amazon adds to its Rivian stake
Nestled in Rivian’s S-1 IPO filings was a note that the EV company’s “cornerstone investors” had “indicated an interest” in buying up to $5 billion worth of its stock at its IPO price. One of those parties was Amazon, and the American e-commerce giant appears to have pulled the trigger Friday afternoon on its buy. […]