The global venture capital market is enduring a long period of limited exits. Startups are staying private longer, M&A is quiet in part due to sharpened regulatory oversight, and the IPO market remains frozen. This means many historical venture deals are slowly rotting on the vine, in IRR terms. The crypto market is no different, […]
Byju’s says investors don’t have voting right to remove founder from edtech group
Following months of behind-the-scenes conflict, Byju’s and some of its biggest investors are now airing their complaints about one another publicly. Byju’s, once India’s most valuable startup, said Friday its investors do not have the voting right to seek leadership changes, a day after a group of shareholders called for an extraordinary general meeting to […]
Renowned investors Elad Gil and Sarah Guo on the risks and rewards of funding AI tech: “The biggest threat to us in the short run is other people”
Last week, at our first StrictlyVC evening of the year, prominent AI investors Elad Gil and Sarah Guo joined us in San Francisco to talk about how they think about AI investing in a world where deals were getting bid up feverishly two months ago, and where reportedly, some startup teams are now looking to […]
Will startup valuations start to recover in 2024? Investors aren’t so sure
In 2021, it felt like every startup was able to raise at an inflated valuation no matter its size, sector or underlying business model. Today, things look a lot different. Comparing pre-money valuations, every startup fundraising stage except seed saw median valuations decline last year compared to 2022, according to data from PitchBook. Things were […]
In the fight against Methane, a key GHG, Valley investors have hit upon an unusual target: Cow burps
What do iconic Valley investors Zachary Bogue and Chris Sacca have in common? They are both trying to stop cows from burping methane. No, really. And a Sacca investment just raised $ 20 million to do just that. What gives? With the conclusion of COP28, the global talks on the climate crisis, Methane is going […]