Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at which cities first financings are concentrated.
Quote of the Day
"So turn off “Shark Tank.” Stop listening to “How I Built This.” Start reading, learn how to think, know that inspiration comes when you least expect it and when you act on it you can change the world."
(Bob Lefsetz)
Diversity
- A growing number of angel investing organizations are focused on women. (fastcompany.com)
- Andreessen Horowitz has launched a small fund with the goal to boost diversity in technology. (wsj.com)
Companies
- A number of companies, like Yoshi, are trying to become the "Uber of gasoline" and other automotive services. (washingtonpost.com)
- Oscar Health continues to ramp up its ambitions. (techcrunch.com)
- Bird and Lime could get kicked out of the epicenter of the scooter world: Santa Monica. (businessinsider.com)
Fundraising
- Mega-rounds, $100 million+, are now commonplace in Silicon Valley. (nytimes.com)
- The longer it takes unicorns to go public the longer founder's stakes stay tied up. (bloomberg.com)
- The pros and cons of bootstrapping vs. taking on outside capital. (medium.com)
Venture capital
- The economics of VCs recycling their management fees. (feld.com)
- Y Combinator is opening a branch in China. (ft.com)
- A talk with Eric Tobias of Indianapolis' venture studio High Alpha. (drnkcltr.com)
Startups
- Morgan Housel, "Finding great ideas requires conviction, but survival requires humility and adaptation. These things can conflict." (collaborativefund.com)
- Angel investing is risky. Investing in yourself not so much. (radreads.co)
- Saudi Arabia is betting big on technology to help diversify away from oil. (wsj.com)
- Finistere Ventures' 2017 Agtech Investment Review. (finistere.com)
