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The official channel of V3V Ventures. We share updates on our investments, portfolio companies, and fund activities. Buy Ads: @JamesCookTg (this is our only account).
🫂The Average Cost Of Starting A Business
This may vary depending on factors like industry, products, services, and store location.
🛡The cheapest businesses may cost as little as $12,000 initially. In contrast, other businesses, like restaurants, may cost $400,000 or more.
👕Source
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💬Daily set of news
📈TechCrunch Fintech: Meet PayJoy, a fintech operating at the intersection of doing good and making money
📈Deal Dive: Not all climate startups are focused on carbon
📈API startup Noname Security nears $500M deal to sell itself to Akamai
📈Beeper acquired by Automattic, fintech’s decline and YC’s lack of LatAm founders
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🫂The Average Age Of A Startup Founder
59% of the startup founders worldwide are over 40, and just 16% are between 20 and 30 years old.
📌According to the US Census Bureau, the average age of founders across all businesses worldwide is 42 years.
👕Source
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💬Daily set of news
📈From YC to IPO: Winter 2024 Demo Day, Rubrik and Ibotta
📈Against games industry doldrums, Bitkraft Ventures raises $275M to back studios and platforms
📈Fintech funding slows to the lowest level since 2017
📈Sachin Bansal’s fintech Navi seeks $2B valuation in its first major external fundraise
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📊2024 will be the year of the hyper-specialist VC
2024 will be the year of the hyper-specialist VC. Where conviction is hard to come by, and FOMO isn't driving investment decisions, specialists who know how to pick in this market will shine. With a significant reduction in capital allocated to VC in 2023, the supply and demand laws are tipping in favor of GPs with capital. Specialists who select well and pay close attention to entry prices have the power to unlock outsized returns, whilst the number of GPs investing could half.
— James Heath, Investment Principal, dara5
👕Source
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🔔New managers starting VC firms will increasingly be spin-outs from big firms
In the next 12 months, I believe we’ll see a steady pace of new fund managers starting firms, and an increasing number of these managers will originate from existing brands rather than primarily operating backgrounds. I expect they’ll have a hunger and hustle that will benefit founders after years of tourist investors and create a competitive pressure on other established investors to up their game.
— Lisa Cawley, Managing Director, Screendoor
💻Source
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🛍The investors entrenched in the ecosystem will have access to the best secondary opportunities
For 2024, I’m a firm believer that despite there likely being an increase in VC secondary opportunities, it will really be people entrenched in the ecosystem who will be able to access the best deals by the disparity of information they possess.
Having transparency on how assets are actually performing, through strong relationships with both entrepreneurs and GPs, will allow more accurate pricing and proprietary sourcing of the best deals.
— Chloe Dagnell, Principal, Isomer Capital
💻Source
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👍 We will see a drop in “bridge” rounds in 2024, meaning more cash for new startups
In 2024, the insider round (also known as a bridge or extension) will regress from 38% of all rounds back down to 25% or so. 2023 was full of extensions as investors gave additional cash to their current portfolio companies in the hopes of helping them get by until the next primary round. I expect VCs will be less generous to current portfolio companies next year—but hopefully this means more cash devoted to new companies.
👕Source
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🕯 Record amounts of dry powder will put downward pressure on returns
The rise in capital raised, and therefore left to deploy, was driven by the bull-run of VC returns between 2010 and 2015. Since 2015, venture capital dry powder has increased by 385%. In the period between 2010 and 2015, 1st quartile managers achieved >3.0x TVPI across in each vintage. In 2024, record amounts of dry powder, or committed but unallocated capital that firms have on hand, will put downward pressure on returns as investors chase deals in a bid to deploy capital.
👕Source
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⬆️ Ten Tips to Attract Venture Capital Read
✔️Craft a Compelling Pitch: Your pitch should succinctly convey your business idea, the problem it solves, its market potential, and why your team is the one to make it happen.
✔️Know Your Market: Understanding your market, including its size, trends, and competitors, shows that you are well-prepared and increases your credibility.
✔️Build a Strong Team: Assemble a diverse team of competent individuals who are passionate about your business idea and are ready to execute it.
✔️Show Traction: Prove your business model by demonstrating user engagement, market demand, and early sales or partnerships. Nothing attracts investment like evidence of momentum.
✔️Prepare a Solid Business Plan: Your business plan should provide a roadmap for your company’s growth, detailing how you will use the investment to achieve your goals.
✔️Have a Clear Path to Revenue: Be clear about how your business will generate revenue and when it will become profitable. This is crucial information for investors considering a return on their investment.
✔️Network Effectively: Networking is critical. Attend industry events, leverage LinkedIn, and reach out to VC firms directly. Warm introductions can significantly increase your chances of securing a meeting with a VC.
✔️Be Patient and Persistent: Raising venture capital takes time and involves numerous meetings and presentations. Stay persistent, follow up promptly, and don’t get discouraged by rejection.
✔️Choose the Right VC: Not all VCs are the same. Research to find those that align with your industry, stage of development, and business values. A VC who understands your market can provide invaluable strategic guidance.
✔️Be Open to Feedback: VCs often provide feedback during meetings. Be open to it, as it could help improve your business strategy or pitch.
👕Source
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💬Daily set of news
📈Spotify throws its hat in the edtech ring
📈Non-sexy industries can appeal to investors too
📈Century Health, now with $2M, taps AI to give pharma access to good patient data
📈New Summit is raising a new $100 million fund to back climate tech and underrepresented fund managers
📈A comprehensive list of 2023 & 2024 tech layoffs
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🚀 The World’s Largest Companies by Market Cap, 2024
Which one is the biggest company in the world by market cap? Here’s a list of the top companies by market cap in 2024:
1️⃣MICROSOFT CORPORATION $2,992 billion
2️⃣APPLE INC. $2,627 billion
3️⃣NVIDIA CORPORATION $2,116 billion
4️⃣SAUDI ARABIAN OIL COMPANY $2,041 billion
5️⃣AMAZON, INC. $1,809 billion
6️⃣ALPHABET INC. $1,656 billion
7️⃣META PLATFORMS, INC. $1,250 billion
8️⃣BERKSHIRE HATHAWAY INC. $868 billion
9️⃣ELI LILLY AND COMPANY $700 billion
1️⃣0️⃣BROADCOM INC. $622 billion
💬 Source
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🕯 Features of Venture Capital
⭐️It is in the form of equity capital.
⭐️Investment made only in high risk but high growth potential projects.
⭐️There is continuous involvement in business after making an investment.
⭐️Venture capital is not just injection of money but also an input needed to setup firm.
⭐️Investment is usually made in small & medium scale enterprises.
Source
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💬Daily set of news
📌LinkedIn wants a piece of Wordle’s success
📌 Astera Labs’ IPO pops 54%, showing that investor demand for tech with an AI twist is high
📌 Cure51 raises a €15M seed round aiming to crack the code on cancer survival
📌 Ramp CEO says the fintech startup is just scratching the surface
📌 Late-stage VCs may be preventing their startups from going public in 2024
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𝚃𝚑𝚎 𝙻𝚊𝚝𝚎𝚜𝚝 𝙳𝚊𝚝𝚊 𝚂𝚑𝚘𝚠𝚜 𝙰𝚖𝚎𝚛𝚒𝚌𝚊𝚗𝚜 𝙰𝚛𝚎 𝚁𝚎𝚊𝚍𝚒𝚗𝚐 𝙵𝚎𝚠𝚎𝚛 𝙱𝚘𝚘𝚔𝚜
A new survey from Gallup in December reveals that Americans reportedly read just 12.6 books each on average last year, down from the 15.6 average in 2016. The data includes all forms of books, including printed books but also electronic books and audiobooks.
Gallup notes that the "decline in book reading is mostly a function of how many books readers are reading, as opposed to fewer Americans reading any books".
Reading optimists could argue that it's possible that everyone is just reading longer but fewer books than they used to, but when the data is combined with the fact that just 6% of US adults named reading as their favorite way to spend an evening, down from 12% in 2016.
The survey also found that women read more than men, with women getting through 15.7 books, compared to an average of 9.5 for men. Also 18-34 year-olds read more than others.
🔥There Are Over 10,755 Fintech Startups In The United States As Of 2024
This number has doubled since 2020, when only 5,686 fintech startups existed.
👌The fintech market in the United States is worth $4 trillion as of 2024 and is predicted to grow at a CAGR of 11% till 2028.
🔉That means that the number of Fintech Startups in the US will also increase rapidly in upcoming years.
💬Daily set of news
📈Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stake
📈Cendana, Kline Hill have a fresh $105M to buy stakes in seed VC funds from LPs looking to sell
📈Walmart will deploy robotic forklifts in its distribution centers
📈Introducing the ScaleUp Startups Program at Disrupt 2024 for Series A to B startups
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🏳️The number of startups by country for 2024.
👕Source
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💬Daily set of news
📈Avendus, top India venture advisor, seeks $300 million for new PE fund
📈Deal Dive: EarliTec Diagnostics raises $21.5M to help diagnose autism earlier
📈Eric Liaw talks Klarna controversy, sticky successions, and why the great valuation reset doesn’t really matter
📈A comprehensive list of 2023 & 2024 tech layoffs
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📌 VC firms that are heavily entrenched, either through legacy or specialism, will be most appealing to LPs
The same goes for how LPs are thinking about making new commitments; those that are heavily entrenched, be it through legacy or specialism, will be most appealing as potential primary investment opportunities for LPs, as safer pairs of hands in a still turbulent market.
As such, emerging managers must field teams that can demonstrate some experience and passion about the strategy, and already have (or at least be building) competitive advantages to source, win and develop great investments over a cycle. Investors have many choices for where and when to deploy their capital, so emerging manager propositions must be even more compelling than existing options.
— Chloe Dagnell, Principal, Isomer Capital
💻Source
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🕯Next-gen family office leadership will champion more VC commitments
The volume of family offices has grown >10x since 2008 and has served as one of few available capital sources for founders and fund managers in the current market slowdown.
Against this backdrop, we’re in the middle of the greatest intergenerational wealth transfer in history. I believe this emerging wave of next-gen family office leadership (especially millennials whose lives have been shaped by tech innovation) will champion greater venture capital activity in 2024 and beyond. Uniquely, many of us seek to produce top-quartile returns and align our investment portfolios with our values.
Broadly speaking, I anticipate a healthier venture ecosystem for all, once the IPO market fully reopens.
— Esther Tricoche, Managing Director, MALIAM
💻Source
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📈2024 will be a banner year for tech M&A
2024 will be a banner year for tech mergers and acquisitions. For startups struggling to fundraise due to high-interest rates and VC valuation caution, selling will feel like the best — and most face-saving — option.
Meanwhile, public and large private tech companies will be eager to leverage their strong balance sheets and access to vast quantities of capital to acquire customers inorganically, boost adjacent product offerings and add key distribution channels and partnerships.
💻Source
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💻The hype around LLMs won’t last
Paul Amara famously pinned Amara's law, that we ‘overestimate the impact of new technology in the short term and underestimate it in the long term.
The same is true for large language models (LLMs). Despite the incredible advancement in LLMs, it's unclear if there's enough market pull from enterprise organizations to justify all the dollars going into the sector. Expect many of these seed-stage startups to either fold or pivot into solving a more meaningful, less hype-y business problem.
— Ramy Adeeb, General Partner, 1984 Ventures
👕Source
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📌Characteristics of Venture Capital
Venture capital as a source of financing is distinct from other sources of financing because of its unique characteristics, as set out below:
🔗Venture capital is essentially financing of new ventures through equity participation. However, such investment may also take the form of long-term loan, purchase of options or convertible securities. The main objective underlying investment in equities is to earn capital gains there on subsequently when the enterprise becomes profitable.
🔗Venture capital makes long-term investment in highly potential ventures of technical savvy entrepreneurs whose returns may be available after a long period, say 5-10 years.
🔗Venture capital does not confine to supply of equity capital but also supply of skills for fostering the growth and development of enterprises. Venture capitalists ensure active participation in the management which is the entrepreneur’s business and provide their marketing, technology, planning and management expertise to the firm.
🔗Venture capital financing involves high risk return spectrum. Some of the ventures may yield very high returns to more than Compensates for heavy losses on others which may also have earning prospects.
In nut shell, a venture capital institution is a financial intermediary between investors looking for high potential returns and entrepreneurs who need institutional capital as they are yet not ready/able to go to the public.
👕Source
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💬Daily set of news
📈Meet Kidsy, a kids’ clothing startup that sells what parents need at a discount
📈Skyflow raises $30M more as AI spikes demand for its privacy business
📈Ibotta’s expansion into enterprise should set it up for a successful IPO
📈Why a16z-backed Wonderschool is acquiring EarlyDay
📈Climate tech VC Satgana closes first fund that targets early-stage startups in Africa, Europe
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💲Alternative Sources of Funding for Startups Besides Venture Capital
In the early stages of a startup, when funding is scarce, it is important to look for alternative sources of funding besides venture capital. There are many options available to startup companies, including government grants, corporate sponsorships, angel investors, and crowdfunding.
🔼Government grants: The Small Business Administration (SBA) is a good place to start looking for government grants. The SBA offers a variety of programs and services to help small businesses get started and grow.
🔼Corporate Sponsorships: Many large corporations offer sponsorship programs to help small businesses get off the ground. These programs can provide funding, mentorship, and access to resources and network
🔼Angel investors: Angel investors are individuals who invest their own money in early-stage companies. They typically provide smaller amounts of capital than venture capitalists, but they can be a valuable source of funding for startups
🔼Crowdfunding: crowdfunding is a way to raise money by asking many people for small contributions. There are many platforms available for crowdfunding, such as Kickstarter and Indiegogo.
⏸ Source
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💬Daily set of news
📌Mallard Bay is the Airbnb for guided hunting and fishing
📌Liquid Death is just one of many VC-backed beverage startups ready to disrupt Coke and Pepsi
📌A $700M SAFE, IPOs are back and how one venture fund is transcending borders
📌1991 Ventures in London joins the growing list of VCs aimed at Ukrainian startups
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💬Daily set of news
📌 World Fund closes first €300M climate tech fund, seeking to follow on and back hardware
📌 Here’s how Microsoft is providing a ‘good outcome’ for Inflection AI VCs, as Reid Hoffman promised
📌 Wing Venture’s Sara Choi will dig into pitching VCs at TechCrunch Early Stage 2024
📌 Reddit stock closes up nearly 48% on its first day of trading
📌 Budgeting app Copilot is booming now that Mint is dead, leading to $6M Series A
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VCs will get liquidity in 2024 from the secondary market, not IPOs
In 2023, many VCs thought 2024 would see the IPO market bounce back, according to TechCrunch. Yet, with Q1 almost done, there's hardly a major IPO in sight except Reddit. Speculation about potential IPOs, like Shein and Turo, continues with little action. Despite hopes, a Reddit IPO might not kickstart a wider trend, with big names like Databricks, Stripe, and Plaid steering clear of going public this year. High interest rates and low valuations from the 2021 highs make IPOs less appealing.
But it's not all bad news. The secondary market, where private shares are sold, is booming as an alternative to IPOs. It's grown massively, with transactions reaching $138 billion in 2023. This market allows companies to offer liquidity without the pressure of going public, showcased by Stripe's $65 billion secondary sale. Even venture funds are getting in on the action, buying or selling shares to manage their portfolios. While the IPO freeze might continue, the secondary market thrives, offering a workaround for companies and investors alike.
Source — Tech Crunch
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