In a well argued article in The New Yorker Nathan Heller questions the very core of VC claims. With reference to the book“VC: An American History” by Harvard Business School professor Tom Nicolas (I wrote about this and Fred Wilson’s article on this – post #196 – Whales. Not Unicorns) where the narrative starts with Whaling and its funding in the early 19th century.
CBInsights has this new report on 36 startups in 12 categories that could potentially help the world in ways that would have far reaching impact. These companies are working on technologies ranging from Quantum Cryptography, to Speed-of-light chips, AI Transparency to mind altering medicines.
This is a big business fueled by authoritarian regimes world over. Hacking Team, the infamous Italian company which was exposed after wide scaled human rights abuse using its technology and tools like RCS has now reemerged as Memento Labs.
Every time a founder or founding team pitches a VC inevitably the question of entry barrier comes up. David Cummings wrote this short but very meaningful piece on this very question and how it came up time and again while trying to raise money for Pardot. “What’s stopping Google from assigning 100 engineers to this market and crushing you?”
Who ever has been watching the WeWork story unfold with the valuation going from 75B at IPO filing to 8B and no IPO or ’sinking IPOs of Uber, Lyft and Peloton’ may be reminded of the dot com bubble in 2000. According to Derek Thompson, staff writer at The Atlantic, host of podcast Crazy/Genius, it is actually ‘The Not-Com bubble’ popping.