Thursdays at Abnormal Returns are all about startup and venture capital links. You can check out last week’s links including a look at the many trade-offs involved when raising a new round of funding.
Quote of the Day
"I think the proper allocation of follow on capital into the portfolio and making sure you can follow your winners and defend your position in certain situations is absolutely critical to producing top tier returns."
(Fred Wilson)
WeWork
- WeWork and JP Morgan ($JPM) have been tight for years. (msn.com)
- Yet another WeWork wrinkle: the use of the Up-C structure. (ft.com)
Fintech
- Commission-free trades are quickly becoming a commodity. (bizjournals.com)
- Robinhood is gearing up to launch in the UK. (techcrunch.com)
Venture capital
- The launch of Andreessen Horowitz was a watershed in the Valley. What's happened 10 years in? (worth.com)
- Lux Capital, a New York-based venture capital firm, has raised more than $1 billion across two new funds to back companies on “the cutting edge of science.” (fortune.com)
- Former Twitter execs Dick Costolo and Adam Bain have formed 01 Advisors, a new venture capital firm. (businessinsider.com)
- "The history and future of venture capital investing" by Larry Siegel. (larrysiegeldotorg.files.wordpress.com)
Food delivery
- The food delivery space is entering its consolidation phase. (ft.com)
- India's Rebel Foods is growing rapidly and now has 200 'cloud kitchens.' (msn.com)
Companies
- ScaleAI wants to do a lot of the heavy lifting categorizing data for other companies. (bnnbloomberg.ca)
- Startups who serve other startups, like Brex, are doing quite well. (nytimes.com)
- Ibotta, a startup whose platform doles out rewards for in-store and online purchases, just reached Unicorn status. (venturebeat.com)
- Fitness tracker Strava has 44 million users in 195 countries. (wsj.com)
- There are at least 200 Chinese unicorns. (strategy-business.com)
Jobs
- Want a job at a fast-growing startup? Here's your guide. (jasoncrawford.org)
- A list of companies with extended stock option exercise windows. (github.com)
Startups
- Dan Primack, "When you take on an investor, you sometimes take on more than just their money. And, for investors, your activities can have unintended consequences for your companies." (axios.com)
- The 37% rule: when to shift from 'explore' to 'exploit.' (tomtunguz.com)
- Lessons learned from a startup that is on its way towards sustainable growth. (fattailedandhappy.com)
- Startup boards need need to strike a proper balance. (avc.com)
