Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
Here’s what to know to raise a Series A right nowThere is good news and just “OK” news.
The good news is that the venture capital market is showing signs of stabilizing.
Today, Jesse Randall, the founder of the platform Sweater Ventures, said founders should start looking to raise a Series A when they have about 12 to 15 months of cash runway left.
“Don’t wait any longer than that,” he told TechCrunch+.
“In this market, you have to prep for an A way in advance,” Feinzaig told TechCrunch+, adding that it could be fruitful to do so right after closing a seed round.
Reddit is preparing to launch its initial public offering (IPO) in March, according to a new report from Reuters.
Reddit is planning to make its public filing in late February and complete the IPO by the end of March.
The company is looking to sell around 10% of its shares in the IPO, and will decide on what IPO valuation to pursue closer to the time of the listing.
However, Reuters sources cautioned that Reddit’s IPO plans could potentially be pushed back, which has happened in the past.
Its IPO plans have also been delayed due to uncertainty around the IPO market over the last two years, Reuters notes.
Treasure Financial has laid off 14 employees, the fintech startup confirmed to TechCrunch today.
Sam Strasser, founder and CEO of Treasure Financial, told TechCrunch that “a need to streamline our operations and align our workforce with our current strategic goals and financial realities” drove the decision.
“Market conditions and organizational challenges aside, financial stewardship necessitated this unfortunate but necessary action,” he added.
San Francisco-based Treasure Financial offers cash management software for businesses and is a registered investment advisor (RIA).
Just last July, the startup raised $7.5 million in a funding round led by Ventura Capital, a previous investor in the firm.
In the face of recent economic downturns and fears of a startup bubble-burst, it may be surprising to hear that startups are faring better than you might think.
I’ve been talking to a bunch of founders who are struggling to raise funding — and that is a real problem — but there are some startups that focus on the business fundamentals that are still thriving.
Looking at the numbers, this presents as an uptick in median runway length, a decrease in operating expenses, and an encouraging rise in profitable revenue.
This is founders focusing on being more efficient,” Healy Jones, VP of financial strategy at Kruze Consulting, told me.
It now stands at an impressive 12.5 months, significantly higher than the nine to 10 months usually expected after an average funding round.
French startup Pivot is an interesting startup story as it is scaling at a rapid pace even though startup investments are down in Europe.
After raising a $5.3 million pre-seed round in April (€5 million), the company worked on the first iteration of its procurement tool over the summer.
And feedback has been so great that Pivot is raising another $21.6 million (€20 million) in a new Series A round from its existing investors — and in particular Visionaries, Emblem, Anamcara and Oliver Samwer.
I already wrote a lengthy description of Pivot, so I also encourage you to read my previous article on the startup.
But in short, Pivot is a modern spend management solution that supposedly works better than Oracle NetSuite’s procurement component or Coupa.
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