PitchBook: Chicago has 26 unicorns, 13 of which reached the status in 2021; 17 VC funds in Chicago raised $7.42B in 2021, up from three raising $977M in 2016
Kiel Porter / Bloomberg : Tweets: @martinsfp Tweets: Martin Sfp Bryant / @martinsfp : I misread this as meaning 'they've instructed their private jet pilots to avoid Chicago airspace' at first, which...
Munich-based Arive, which partners with premium stores and brands to deliver consumer goods in 30 minutes, raises a $20M Series A led by Balderton Capital
Ingrid Lunden / TechCrunch : Tweets: @martinsfp Tweets: Martin Sfp Bryant / @martinsfp : This is really interesting. I wonder how many people want these kinds of items *RIGHT NOW*, but I know there a...
Most VC-backed startups that went public via a SPAC in 2021 have seen their stock drop; Metromile, View, Owlet, and Clover Health are among the worst performers
Joanna Glasner / Crunchbase News : Tweets: @carnage4life , @bigblackjacobin , and @martinsfp Tweets: Dare Obasanjo / @carnage4life : SPACs were clearly bad investments (companies going public but avo...
OnlyFans says its revenues rose 553% to £281M in the year to November and pre-tax profits rose from £6M to £53M, while transactions reached £1.7B
Profits surge at subscription platform known for sexual content as it branches into TVTweets:@martinsfpSee also MediagazerTweets:Martin Sfp Bryant /@martinsfp:OnlyFans transactions hit £1.7bn, “revenu...
Robotic process automation software maker UiPath files to go public on the NYSE, reports $607.M revenue in FY2021, up 81% YoY, and net loss of $92.3M
The modern enterprise is complex as employees must navigate an ever-increasing number … Ron Miller / TechCrunch : UIPath's meteoric rise from unknown startup to $35B RPA juggernaut Alex Wilhelm / Tech...
Elon Musk says people can now buy a Tesla with bitcoin in the US and later this year outside the US
and this is how it works Tweets: Elon Musk / @elonmusk : You can now buy a Tesla with Bitcoin Elon Musk / @elonmusk : Tesla is using only internal & open source software & operates Bitcoin nodes direc...
Clubhouse raises Series B led by a16z, says it has 180+ investors, and will test options for paying creators and begin work on an Android app soon
When I first met Paul Davison, it took about 10 seconds to realize … Tae Kim / Bloomberg : Forget TikTok. Clubhouse Is Social Media's Next Star. Darrell Etherington / TechCrunch : Clubhouse announces ...
Interviews with 20+ founders and investors provide an inside look at Y Combinator's virtual W20 Demo Day, which saw some companies lower their target valuations
It was four weeks before Y Combinator's scheduled March 2020 Demo Day, and the pressure was on Helena Merk as she tried to pivot her startup idea ahead of the big pitch. Tweets: @triketora , @bizcarso...