investors

“Reddit’s Public Offering: A Meme-Lover’s Dream for Traders and Trolls Alike”

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As Reddit finally files to go public, the company wrote in its S-1 filing that “meme stock” schemes on r/WallStreetBets could pose a risk to investors. The stock was so volatile, jumping more than 600% within days, that trading was halted multiple times. Retail traders tried to replicate the GameStop saga by investing in other heavily shorted stocks like AMC and Bed, Bath & Beyond, solidifying this phenomenon of trading “meme stocks,” to mixed results. This is a rare move that would let community members buy stock at the same price as institutional investors upon IPO. In 2023, Reddit incurred a net loss of $90.8 million, adding to the company’s cumulative deficit of $716.6 million.

Unanimous Vote Removes Founder of Byju’s as Investors Decide

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The participating shareholders — whose combined ownership in Byju’s exceeded 60% — also passed the resolution to reconstitute the board of Byju’s. “At today’s Extraordinary General Meeting shareholders unanimously passed all resolutions put forward for vote. Late last month, Byju’s launched a rights issue where it sought to raise about $200 million at a massively discounted rate. Raveendran told shareholders earlier this week that the rights issue had been fully subscribed and requested all existing investors to participate and maintain their ownership. “[…] I understand that participating in this rights issue may seem like a Hobson’s choice.

Byju’s Subscription for $200M Rights Issue, Slashing Valuation by 99%, Reaches Full Capacity

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Byju’s cut the pre-money valuation ask in the rights issue to about $20 million to $25 million, TechCrunch earlier reported. If they don’t participate in the rights issue, they risk losing nearly all their stake in Byju’s. “Our rights issue is fully subscribed and my gratitude to my shareholders remains strong,” founder and chief executive Byju Raveendran wrote in a letter to shareholders Tuesday. “But my benchmark of success is the participation of all shareholders in the rights issue. “I understand that participating in this rights issue may seem like a Hobson’s choice.

Crafting a Successful Startup: A Blueprint for Success

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But this example is eerily similar to the pitch many startup founders make to potential investors. For a startup, the “finished house” isn’t bricks, mortar, and those cool USB power sockets, but it’s built with milestones and achievements. These are the “rooms” and “fixtures” investors are looking to find in the startup house. The journey of building a startup is an adventure filled with unexpected twists and turns, much like the construction of a dream home. That’s startup life: You roll with the punches.

“Partech’s $300M+ Africa Fund: Enabling Investment Across All Stages from Seed to Series C”

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Partech closes its second Africa fund at $300M+ to invest from seed to Series CPartech has closed its second Africa fund, Partech Africa II, at €280 million ($300 million+), just one year after reaching its first close. Amidst a backdrop of global VCs and institutional investors pulling back from Africa, Partech Africa’s recent fund closure is significant. However, he clarified that the firm will deploy the majority of its second fund between Series A and B rounds. Among the investments from its second fund is Revio, a South African payment orchestration platform, where Partech Africa co-led the seed round with global fintech fund QED. Partech Africa intends to back over 20 companies, with initial investments ranging from $1 million to $15 million, it disclosed.

Venture Capitalists Still Investing in Financial Technology

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Brex might not be having a good couple of quarters, but there’s sufficient positive news from the world of fintech to offset all the negativity around the sector. So, yeah, while there has been a stark lack of fintech companies going public recently, capital is flowing into the sector because venture investors are still cautiously optimistic about it. We can answer that question relatively easily today thanks to a new list compiled by GGV US that highlights 50 fintech startups venture capitalists think are hot stuff. We also spoke to GGV managing partner Hans Tung about what he’s seeing in the sector today. Why does fintech look like it’s stuck in first gear today?

VCs Continue to Place Bets on Fintech: Why the Momentum Continues

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Brex might not be having a good couple of quarters, but there’s sufficient positive news from the world of fintech to offset all the negativity around the sector. So, yeah, while there has been a stark lack of fintech companies going public recently, capital is flowing into the sector because venture investors are still cautiously optimistic about it. We can answer that question relatively easily today thanks to a new list compiled by GGV US that highlights 50 fintech startups venture capitalists think are hot stuff. We also spoke to GGV managing partner Hans Tung about what he’s seeing in the sector today. Why does fintech look like it’s stuck in first gear today?

FinTech Continues to Attract Investor Interest: VC Investments Show No Signs of Slowing Down

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Brex might not be having a good couple of quarters, but there’s sufficient positive news from the world of fintech to offset all the negativity around the sector. So, yeah, while there has been a stark lack of fintech companies going public recently, capital is flowing into the sector because venture investors are still cautiously optimistic about it. We can answer that question relatively easily today thanks to a new list compiled by GGV US that highlights 50 fintech startups venture capitalists think are hot stuff. We also spoke to GGV managing partner Hans Tung, about what he’s seeing in the sector today. Why does fintech look like it’s stuck in first gear today?

Anomalo’s Data Quality Methodology Using Machine Learning is Booming

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When Anomalo’s co-founders left Instacart in 2018, they thought they could put machine learning to work to solve data quality problems inherent in large data sets. Five years later, the company’s idea is even more relevant as data quality takes center stage with large language models. Today, the startup announced a $33 million Series B, equaling their 2021 Series A and bringing the total raised to $72 million, according to the company. As companies store increasingly large amounts of data in cloud storage and data warehouses like Databricks and Snowflake, this need has only become more pronounced, he says. SignalFire led the $33 million Series B investment with participation from strategic investor Databricks Ventures.

Only 7 Days Left to Save $300 on TechCrunch Early Stage 2024 Passes

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We have only seven days left of launch pricing to TechCrunch Early Stage 2024, taking place in Boston on April 25. Buy a $149 Founder pass or a $349 Investor pass and save $300 before prices increase on January 27. At TechCrunch Early Stage you’ll walk away with a deeper working understanding of topics and skills that are essential to startup success. Founders and investors save $300 if you book your pass before January 27. Is your company interested in sponsoring or exhibiting at TC Early Stage 2024?