The Securities and Exchange Commission’s proposed new rules on special purpose acquisition companies could force almost half of the SPACs that are still searching for a merger partner into liquidation, according to a new report from SPAC Insider. READ MORE
Legal trouble delays Trump SPAC deal as buyer seeks more time to complete merger
After facing a series of regulatory obstacles, the shell company attempting to take over former President Donald Trump's social media platform needs to extend a looming deadline to complete the controversial deal. READ MORE
Larry Summers is ‘appalled’ by the private equity carve outs in the Inflation Reduction Act
Former Treasury Secretary Larry Summers initially supported the major tax, climate change, and health care bill that passed the Senate on Sunday. But he has a quibble with two of the late changes to the bill that let wealthy hedge fund managers and venture capital partners avoid paying higher taxes. READ MORE
The Carried Interest Loophole Is Going to Outlast Us All
Why attempts to curb the tax break for private equity billionaires keep getting thwarted. READ MORE
How a Last-Minute Lobbying Blitz Watered Down a Climate Bill Tax
An hour after Democrats released the text of their climate and tax legislation, Washington lobbyists for the private equity industry sprang into action. READ MORE
Why VC funding is drying up
Venture capital fundraising hit a record high last year. Now, the bonanza is over READ MORE
Bootstrapping vs Venture Capital: How To Make the Right Decision For Your Startup
If you’re thinking about starting your own business, you’re likely aware that there are many things to consider and plan for. One of the most important is funding. You need working capital to get your business off the ground, and there are a few ways to go about acquiring it.
In fact, there are two primary funding options for startups: bootstrapping and venture capital. Each one has its own pros and cons, so it’s essential to understand each before making a decision. READ MORE
How The Hottest VC-Backed Cloud Data Companies Are Prepping For The Funding Winter
Even for 2021’s bloated fundraising environment, the cloud data sector was among the frothiest. READ MORE
VC funding is drying up. Here’s a four-time founder’s guide to surviving a market downturn
Over the past few months, the startup community has been hit particularly hard by economic uncertainty. Following unprecedented losses, SoftBank signaled that they would cut headcount and exit stakes in some of their most noteworthy investments. Leading venture capital firms like Sequoia Capital and Y Combinator have issued stark warnings to founders telling them to brace for a serious market downturn. These rare public statements are a harbinger for trouble: As venture capital funding dries up, many startups will not survive. READ MORE
Big funds ‘screwing with Series A market but not seed market’
Mike Hirshland is enjoying 2022. Despite the market’s zigs and zags, he has spent much of his time this past summer in Rhode Island, where relatives from afar have gathered on and off for an extended family reunion. He and partner Raanan Bar-Cohen were also able to close their fifth fund with $150 million in capital commitments at winter’s end — ahead of the stock market collapse that would follow. Indeed, the two now have around $375 million in assets under management at their 11-year-old venture firm, Resolute Ventures. READ MORE
Amid broader VC slowdown, investment in fintech startups drops
A new report from PitchBook Data Inc. released today finds that venture capital investment in financial technology startups has experienced a significant drop amid a broader VC slowdown.
In the second quarter, fintech companies globally raised $24.1 billion in venture capital across 1,103 deals, representing a 17.8% decrease in quarter-over-quarter deal value. The decline is the largest drop in deal value since the third quarter of 2018. Payment companies continued to lead deal value, at $7.6 billion in the quarter, but the figure was 18.7% lower than the previous quarter. READ MORE
Corporate VC is booming, but is it what your startup needs?
After a decade of easy money, startups are suddenly facing a strange new reality: funding is drying up. Global venture funding fell by 23 per cent to US$108.5 billion in the second quarter of the year – the second-largest drop in a decade. Although the figure is still higher than levels seen before the pandemic, entrepreneurs could be forgiven for feeling more anxious about their venture being starved of financial backing. READ MORE
These regions have the most incoming venture capital
Venture capital investment set showstopping records in 2021. Data from the PitchBook-NVCA Venture Monitor shows venture capitalists invested $341.5 billion in U.S. companies—more than double the 2020 amount, which was also a record year for VC. READ MORE
Venture investors to founders: Turn down for what?
Gumroad’s Sahil Lavingia broke into the venture world as one of the early testers of the rolling fund, an AngelList product that allows investors to raise capital on a subscription-like basis. That was in 2020. Fast-forward to 2022 and a lot has changed. READ MORE
For tech workers who missed window for IPO market riches, it’s time for a job market rethink
AI software startup DataRobot may not be a name many in the general public know, but its workers have gone through a well-known problem in the tech startup space as the market turned against initial public offerings for high-growth tech firms. Reports of internal tensions at the company included a fight over whether it should go public, and these stories were already percolating in the press before the market soured last fall and in early 2022, when the IPO market slowed to a crawl, and new offerings from old brands like Bausch & Lomb more likely to make it to the public market than hot tech companies. READ MORE
Trump's social media platform Truth Social, buyer need extension to complete merger
Former President Donald Trump's social media platform Truth Social and blank-check company Digital World Acquisition Corp. could not reach a merger deal by the cut-off date and will require an extension. READ MORE
VCs Squandered Billions On Scooter Startups
Almost exactly five years ago, the scooters came. That’s when Bird, the first unicorn in this once sizzling startup sector, launched its inaugural scooter-sharing service.
The company, founded by former Lyft and Uber executive Travis VanderZanden, touted itself as a solution for last-mile transportation. In dense locales like campuses and downtowns, those willing could just click on an app and scoot happily to their destination. READ MORE
The 10 Biggest Rounds Of July
Startups in or adjacent to the cleantech space took the top two rounds of July, as investors continue to see value in the energy sector with prices rising. Despite the slowdown in venture, the month also saw five rounds go to U.S.-based startups of a quarter-billion dollars or more—so it clearly is still possible to raise big money. READ MORE
These Are The Leading States For Non-Software Startups
Geographic funding breakdowns have long been a staple of startup coverage. How much did Silicon Valley companies raise? How about the Midwest? Or what about that burgeoning Florida scene?
Until a couple years ago, this seemed like a sensible lens for looking at data. Employees at seed through mid-stage startups tended to work at headquarters. Companies that got VC funding generally spent much of it scaling up in their hometowns. READ MORE
July Funding Drops Again After A Stronger June
Global venture funding plummeted in July as investors continued to shift their attention from late-stage to early-stage companies while investing fewer dollars in both stages.
July 2022 funding reached nearly $28 billion, a drop of 34% month over month from $42 billion in June, Crunchbase data shows. And funding is down 56% from $63 billion in July 2021. READ MORE
