AI startups experienced their best funding year ever, raising a record $9.33 billion, or nearly 10% of last year's total VC investments that reached $99.5 billion, an 18-year high since the dot-com era.
A fashion platform with a valuation approaching $1 billion began when Ankiti Bose, then an analyst at Sequoia India, chatted with a neighbor at a house party in the Indian tech capital Bengaluru.
What if startups chose for themselves who should get money? What if VCs aren't soothsaying wise men who are uniquely qualified to predict the future of male and female CEOs alike?
When it comes to obtaining venture capital, you must have a solid understanding of the market opportunity. The main reason is that a VC firm needs a few deals to generate substantial returns, so as to offset the inevitable losers.
For decades the U.S. was the world's startup leader, spawning a generation of companies, especially in technology, that went on to become world leaders. Silicon Valley is looking over its shoulder at China, and for good reason: 16,000 companies are born there every day.
The difference between VCs and entrepreneurs is that VCs have the portfolio, but entrepreneurs create all the value and take all the risk. Alex Bangash brought up an interesting thought: look at Elon Musk, a serial entrepreneur building multiple companies at once. Today, an entrepreneur could have a portfolio (many companies, many products) because the price of starting a company has come down.
This time last year, bitcoin was cruising to $20,000. Fast forward 12 months, and bitcoin is trading around $3,300 while other cryptocurrencies have reversed course, weighing heavily on investor confidence and the industry.
In this fireside chat, Jyri Engerstrom, co-founder and general partner at Yes VC, and Alex Bangash, CEO at Trusted Insight, discuss disruption in the venture capital landscape. Alex has been an active investor ahead of many trends in the venture capital scene and here's what he had to share.