Connie Loizos

Collective, a back office platform that caters to ‘businesses of one,’ just landed a hefty seed round

Collective, a back office platform that caters to ‘businesses of one,’ just landed a hefty seed round

Americans and other global citizens are increasingly self-employed, thanks to great software, the need for flexibility, and because skilled services especially can pay fairly well, among other reasons. In fact, exactly one year ago, the Freelancers Union and Upwork, a digital platform for freelancers, released a report estimating that 35% of the U.S. workforce had […]

 Connie Loizos

Peterson Ventures, a firm that quietly backed Allbirds and Bonobos, just closed a $65 million fund

Peterson Ventures, a  firm that quietly backed Allbirds and Bonobos, just closed a $65 million fund

Peterson Ventures, a 12-year-old, Salt Lake City, Ut.-based seed-stage fund, has long operated fairly quietly, but many of its bets have become known brands in the respective worlds of consumer and enterprise software investing. Among these is the shoe company Allbirds; the men’s clothing company Bonobos (acquired a few years ago by Walmart); and Lucid […]

 Connie Loizos

Morgan Beller, co-creator of the Libra digital currency, just joined the venture firm NFX

Morgan Beller, co-creator of the Libra digital currency, just joined the venture firm NFX

Morgan Beller, who is a co-creator of the proposed Libra digital currency, along with Facebook vice presidents David Marcus and Kevin Weil, has left the company to become a general partner with the venture firm NFX . In a call yesterday, she said she first became acquainted with the San Francisco-based outfit five years ago […]

 Connie Loizos

Benchmark’s Peter Fenton: “10 to 20 years of innovation just got pulled forward”

Benchmark’s Peter Fenton: “10 to 20 years of innovation just got pulled forward”

Earlier today at TechCrunch Disrupt, venture capitalist Peter Fenton joined us to talk about a variety of issues. Among them, we discussed how he’s putting his stamp on Benchmark now that, 15 years after joining the storied firm, he’s its most senior member. Fenton said that he’s mostly focused on ensuring that firm doesn’t change. […]

 Connie Loizos

Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR

Zwift, maker of a popular indoor training app, just landed a whopping $450 million in funding led by KKR

Zwift, a 350-person, Long Beach, Calif.-based online fitness platform that immerses cyclists and runners in 3D generated worlds, just raised a hefty $450 million in funding led by the investment firm KKR in exchange for a minority stake in its business. Permira and Specialized Bicycle’s venture capital fund, Zone 5 Ventures, also joined the round […]

 Connie Loizos

The Chainsmokers just closed their debut venture fund, Mantis, with $35 million

The Chainsmokers just closed their debut venture fund, Mantis, with $35 million

Alex Pall and Drew Taggart are best known as The Chainsmokers, an electronic DJ and production duo whose first three albums have given rise to numerous Billboard chart-topping songs, four Grammy nominations, and one Grammy award, for the song “Don’t Let Me Down.” Soon, they hope they’ll be known as savvy venture investors, too. They […]

 Connie Loizos

DCM has already made nearly $1 billion off its $26 million bet on Bill.com

DCM has already made nearly $1 billion off its $26 million bet on Bill.com

David Chao, the cofounder of the cross-border venture firm DCM, speaks English, Japanese, and Mandarin. But he also knows how to talk to founders. It’s worth a lot. Consider that DCM should see more than $1 billion from the $26.4 million it invested across 14 years in the cloud-based business-to-business payments company Bill.com, starting with […]

 Connie Loizos

What will a Wish IPO look like? Seems we’ll find out sooner than later

What will a Wish IPO look like? Seems we’ll find out sooner than later

Wish, the San Francisco-based, 750-person e-commerce app that sells deeply discounted goods that you definitely don’t need but might buy anyway when priced so low — think pool floaties, guinea pig harnesses, Apple Watch knockoffs — said yesterday that it has submitted a draft registration to the SEC for an IPO. Because it filed confidentially, […]

 Connie Loizos

Everybody is racing to an IPO — even Laird Hamilton’s young ‘superfood’ company

Everybody is racing to an IPO — even Laird Hamilton’s young ‘superfood’ company

This one is unusual: Laird Superfood, a five-year-old, 100-person, Sisters, Oregon-based startup that was co-founded by famed surfer Laird Hamilton and which makes plant-based packaged beverage products, filed today to raise up to $40 million in an IPO. We’d reported on this company early last year in large part because it had attracted backing from […]

 Connie Loizos

Steno raises $3.5 million led by First Round to become an extension of law offices

Steno raises $3.5 million led by First Round to become an extension of law offices

The global legal services industry was worth $849 billion dollars in 2017 and is expected to become a trillion dollar industry by the end of next year. Little wonder that Steno, an L.A.-based startup, wants a piece. Like most legal services outfits, what it’s offering is a variety of ways for law practices to run […]

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