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 four stages of a fintech startup.
Quote of the Day
"Saying no to things that you really want to do is the telltale sign of a good planning process. Saying yes to too many things is the telltale sign of a poor planning process."
(Fred Wilson)
More quotes
- Eric Feng, "In the public market world, investors control when the company prices. But in the startup world, the company controls when they price." (unboxed.tv)
- Morgan Housel, "Money and brains are attracted to good ideas more than they are capable of knowing the limits of good ideas." (collaborativefund.com)
- Tom Tunguz, "The most frequent mis-hire in startups is the first head of marketing." (tomtunguz.com)
- Craig Shapiro, "What happens when a founder’s interests and actions are not aligned with the best interest of the company and its shareholders?" (collaborativefund.com)
- Jeffrey Carter, "Success always begets success if you build your culture correctly." (pointsandfigures.com)
Companies
- 1Password just raised its first round of outside capital. (techcrunch.com)
- Blackstone has purchased a majority stake in MagicLab, the company that owns dating apps including Bumble and Badoo. (techcrunch.com)
- The story of LawnStarter, which operates an on-demand lawn care and maintenance marketplace. (news.crunchbase.com)
- A side benefit of Convoy's push to make trucking more efficient, is less emissions. (news.crunchbase.com)
Vision Fund
- The Vision Fund has pretty much stopped making new investments. (news.crunchbase.com)
- Softbank's issues have not seemingly put a damper on growth equity fundraising. (ft.com)
Restaurants
- Toast has launched Toast Capital so its restaurant customers can secure loans. (news.crunchbase.com)
- Who ultimately pays for food delivery? (ftalphaville.ft.com)
Startups
- Why did Salesforce ($CRM) buy a big stake in Auttomatic while building its own CRM? (techcrunch.com)
- How building the whole 'startup inside a big company' gets tripped up. (hunterwalk.com)
- Software multiples require software margins. (news.crunchbase.com)
- Subscription businesses need to get better at letting customers go. (marker.medium.com)
- There is still no proven economic model for shared micromobility. (mondaynote.com)
- This research indicates that "state-level investor tax credits are ineffective in promoting high-quality entrepreneurship." (papers.ssrn.com)
- Some small businesses are turning to Gofundme to stay afloat. (wsj.com)
