Business and Economy

Crunchbase Daily: Mary Meeker, CarDekho, and AlertMedia

Mary Meeker seeks $1.25B for new fund Bond

Venture capitalist Mary Meeker is reportedly seeking to raise $1.25 billion for a debut fund called Bond. The Silicon Valley-based fund, which will target growth-stage Internet and technology companies, will have a hard cap of $1.5 billion.

Funding rises for AI-driven employment startups

While they’re not yet smart enough to actually do our jobs, our artificially intelligent overlords have strong opinions about whether we can do them ourselves. That’s one takeaway from recent early stage employment startup funding activity, which shows a high concentration of investment in AI-driven hiring software and employee engagement tools.

CarDekho raises $110M

Online auto marketplace CarDekho just closed on $110 million in a Series C round led by Sequoia India, Hillhouse and Alphabet’s CapitalG. The financing reportedly sets a valuation of between $400 and $500 million for the India-based company. relocates to Austin

Digital lottery provider is the latest startup to relocate its headquarters from San Francisco to Austin. The company cited lower cost of living, more favorable tax rates, and a large local talent pool as incentives for its Texas move.

AlertMedia secures $25M

Austin-based AlertMedia, creator of a cloud-based mass notification system, has raised $25 million in a Series C growth round backed by JMI Equity.

5 Common Mistakes CEOs Make

For better or worse, as the CEO your decisions impact every aspect of the business, from the bottom line to employee happiness. To direct a thriving company as a CEO in any industry, here are five common mistakes to avoid

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