VCs weigh in about the state of the market and what they’re advising portfolio companies–especially the more mature ones. The broad takeaways: Tech companies looking to IPO will have to wait it out. Acquisitions will continue. And for startups seeking funding, best bet is to turn to existing investors rather than seek out new ones.
Selloffs by some of WeWork‘s largest shareholders, founder Adam Neumann and venture firm Benchmark, reportedly made up nearly one-third of the $2.3 billion worth of shares SoftBank bought from insiders. The sale took place right before WeWork was set to embark on its ill-fated plan to go public in 2019.
Arris Composites, a Berkeley, California-based startup that mass produces carbon fiber composite parts, raised $48.5 million in a Series B round led by Taiwania Capital. Arris plans to use the new funding to expand its manufacturing capabilities and open facilities in the United States and Taiwan.
There are a lot of reasons why entrepreneurs should be raising capital online right now. We break down 10 of the top reasons, including easy setup, speedy decisions and, of course, the ability to secure a round without the usual endless series of in-person meetings.
Forbes 30 under 30 featured founder Yuting Su shares why funding female founders can be a smart investment decision, along with her experience founding ed-tech company Thinker-Tinker while raising her son, Owen