Online catering marketplace ezCater gets another $150M at a $1.25B valuation – TechCrunch

Online catering marketplace ezCater gets another $150M at a $1.25B valuation – TechCrunch

In 2007, Stefania Mallett and Briscoe Rodgers conceived of ezCater, an online marketplace for business catering, and began building the company in Mallet’s Boston home, mostly at her kitchen table. Recently, sitting at that same table, Mallett negotiated with Brad Twohig of Lightspeed Venture Partners the final terms of a $150 million Series D-1 at a $1.25 billion valuation. Lightspeed, alongside GIC, co-led the round, with participation from Light Street Capital, Wellington Management, ICONIQ Capital and Quadrille Capital. “Raising money

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Canvas Ventures hires former Social Capital GP Mike Ghaffary – TechCrunch

Canvas Ventures hires former Social Capital GP Mike Ghaffary – TechCrunch

Canvas Ventures is expanding its team of three general partners to four with the hiring of Mike Ghaffary, a former general partner at Social Capital. An experienced operator and investor, Ghaffary was previously the chief executive officer of Yelp subsidiary Eat24, as well as the co-founder and vice president of the podcast platform Stitcher. Ghaffary joins Paul Hsiao, Gary Little and Rebecca Lynn as GPs at Canvas, which backs early-stage startups with $5 million to $20 million. The firm focuses

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Ten pieces of friendly VC advice for when someone wants to buy your company – TechCrunch

I’ve been fortunate to have been part of half a dozen exits this year, and have seen the process work smoothly, and other times, like a roller coaster with only the most tenuous connection to the track. Here are ten bits of advice I’ve distilled from these experiences in the event someone makes you an offer for your startup. 1. Understand the motivations of your acquirer. The first thing you need to understand is why the acquiring company wants your

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Cities that didn’t win HQ2 shouldn’t be counted out – TechCrunch

Cities that didn’t win HQ2 shouldn’t be counted out – TechCrunch

Brooks Rainwater Contributor More posts by this contributor As tasks wane, skills rise Blockchain technology could be the great equalizer for American cities Scott Andes is the program director for the National League of Cities City Innovation Ecosystem program. The more than year-long dance between cities and Amazon for its second headquarters is finally over, with New York City and Washington, DC, capturing the big prize. With one of the largest economic development windfalls in a generation on the line,

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Travel startups are taking off – TechCrunch

Travel startups are taking off – TechCrunch

The second wave of Internet-era travel companies has captured the attention of venture capitalists. In the last five years, travel companies have raised more than $1 billion in venture capital funding. That includes short-term rental startups, travel and tourism apps, marketplaces for “experiences” and other travel or hospitality tech platforms. Airbnb, a $38 billion company and an anomaly in the category, has raised $3 billion in that same time frame, according to PitchBook. In the last few months alone, aspiring

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Jane.VC, a new fund for female entrepreneurs, wants founders to cold email them – TechCrunch

Jane.VC, a new fund for female entrepreneurs, wants founders to cold email them – TechCrunch

Want to pitch a venture capitalist? You’ll need a “warm introduction” first. At least that’s what most in the business will advise. Find a person, typically a man, who made the VC you’re interested in pitching a whole bunch of money at some point and have them introduce you. Why? Because VCs love people who’ve made them money; naturally, they’ll be willing to hear you out if you’ve got at least one money maker on your side. There’s a big

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Golden Gate Ventures closes new $100M fund for Southeast Asia

Golden Gate Ventures closes new $100M fund for Southeast Asia

Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The fund hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore sovereign fund Temasek, Korea’s Hanwha, Naver — the owner of messaging app Line — and EE Capital. Investors backing the firm for the first time through

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Investors are waking up to the emotional struggle of startup founders

Investors are waking up to the emotional struggle of startup founders

Mahendra Ramsinghani Contributor Mahendra Ramsinghani is the founder of Secure Octane, a Silicon Valley-based cybersecurity seed fund. More posts by this contributor Lessons from cybersecurity exits Is Symantec getting ready to buy Splunk? As the Gartner Hype Curve goes, from the peak of inflated expectations to the trough of disillusionment, so goes the founder’s emotional journey. Most founders hit the trough sooner or later, the proverbial nadir of their startup life. The company’s business model undergoes the dreaded pivot. Teams

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Coinbase plots to become the New York Stock Exchange of crypto securities

Coinbase plots to become the New York Stock Exchange of crypto securities

The future of Coinbase looks something like the New York Stock Exchange. That’s according a vision laid out by CEO Brian Amstrong who was interviewed on stage at TechCrunch Disrupt in San Francisco today. Coinbase is known for being the most popular exchange for converting fiat currency into crypto — most of the largest traded exchanges are crypto-to-crypto — but he foresees a future in which it plays host to a growing number of cryptocurrencies as it becomes standard for companies

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Here is where CEOs of heavily funded startups went to school

Here is where CEOs of heavily funded startups went to school

CEOs of funded startups tend to be a well-educated bunch, at least when it comes to university degrees. Yes, it’s true college dropouts like Mark Zuckerberg and Bill Gates can still do well. But Crunchbase data shows that most startup chief executives have an advanced degree, commonly from a well-known and prestigious university. Earlier this month, Crunchbase News looked at U.S. universities with strong track records for graduating future CEOs of funded companies. This unearthed some findings that, while interesting, were not

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