Airtree Ventures already returned its first fund thanks to Canva while maintaining the majority of its stakeVenture secondaries has exploded over the last couple of years.
While some firms have used the increase in activity to build up their positions in their most promising portfolio companies, Airtree Ventures is taking advantage of the momentum a little differently.
So in 2021 Airtree started seeking out alternative ways to get liquidity for some of their earliest stakes, Blair said.
Airtree got a 1.4x return on Fund I from this transaction alone and was able to maintain the majority of their original stake.
They aren’t wrong, and Blair acknowledges that when a company does eventually exit, Airtree makes less money off of it because of this strategy.
Bitkraft Ventures — a games investor based out of Denver, Colorado, but with European founders — has raised its third fund, coming in at $275 million.
The fund will make seed and Series A investments in gaming studios, and platforms to support game production.
The moves comes at a time when games investments have actually declined 72 per cent year on year, according to a recent Pitchbook report.
Founded by games industry veteran Jens Hilgers, Bitkraft has over 130 companies in its portfolio, and more than $1 billion in assets under management.
Perhaps the best way of positioning Bitkraft is to compare it to Play Ventures in Singapore which has raised $222.9M across 4 funds, but also invests across several types games platforms.
Yet another AI-powered fraud detection software provider is laying off staff.
Inscribe, whose platform works to detect fraud in areas like business underwriting, tenant screening, and onboarding, has cut just under 40% of its staff, which equates to dozens of employees.
San Francisco-based Inscribe.ai confirmed the headcount reduction to TechCrunch, noting that the AI advances in the financial services industry necessitated a pivot to a new product and direction for the company.
“2023 was a year of change for our customers and Inscribe,” explained Inscribe CEO and co-founder, Ronan Burke.
At the time, the company forecast it would double its then 50-person workforce over the coming 12 to 18 months.
In fact, in the midst of raising the firm’s fourth fund, he seems to be positively cheery about the state of the crypto market despite how things are going.
With over $1.2 billion in assets under management, 10T counts major crypto entities like Gemini, Kraken, Yuga Labs and Animoca Brands as part of its portfolio.
And 1Roundtable Partners (1RT), Tapiero’s growth-stage firm, is also raising a not-insignificant amount for its upcoming fund: a minimum of $200 million and up to $800 million.
As the bear market thaws, Tapiero sees few other growth equity investors dedicated to the crypto space at this point in time.
Taking the long viewWith the new fund, 1RT plans to make about 10 to 15 additional investments with hopes of gaining another five to 10 board seats across those portfolio companies, Tapiero said.
With a staggering 17% of the $13 trillion B2B (business-to-business) spending dedicated to it, “co-sell” dominated cloud marketplaces in 2023.
Before going into the details of the “Better Together” GTM co-sell strategy, I want to lay the groundwork for what “co-selling” means.
Since July 2023, co-selling with cloud marketplaces has become the new gold standard, as they are intricately intertwined and essential for forging prosperous partnerships with cloud services that ultimately enrich your business, your buyers, and your partners.
The growth on the first level is product-led, which means the product is built on a hyperscaler’s cloud infrastructure.
When crafting your co-sell GTM strategy, adhere to these five guiding principles:Alignment is key: Successful partnerships require alignment not just in goals, but also in mindset and philosophies.
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