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We're excited to launch this week's newsletter with an important new project: the theinformationsuperhighway list. It is a database of investors who are committed to conducting initial reviews and rounds from seed to growth based on the recommendations of the founders we have received and the lessons learned from our own research.
Our goal is to help founders quickly speak to investors who are serious about giving them checks when they need them most. You can filter by industry, round size and location to find the best people for you. Today you see 391 investors based on more than 1,200 recommendations in 23 main industries. Since the start on Tuesday, we have received another 600 recommendations and are counting quickly. Therefore, we will provide another major update next week.
My colleague Danny Crichton, who leads the project, has written a FAQ for people who want to learn more about the methodology or how to make a recommendation. For Extra Crunch subscribers, he also compiled a list of the 11 investors who received the most positive recommendations, as well as an explanation of why certain investors achieved excellent “founder NPS” values.
Now stop reading this for a minute and give it a try.
Brad Feld on how you can influence your chances of success
Connie Loizos met longtime VC Brad Feld from the Foundry Group who published a new book on startup ecosystems. Some of this is theoretical, as you can read in the full interview, but Feld combines his points with more tactical advice. Here is a good example:
TC: Your new book talks about complex systems. How do founders reconcile the need to manage these complex systems with the fact that control of these complex systems is sometimes not in their hands?
BF: The first step is to get rid of the idea that you can control the systems and instead focus on what you can influence (because) in the context of what you can influence. This becomes a place where you can concentrate where you place your energy systems.
An example of this would be at the current moment. If you have existing investors and have not directly asked your existing investors how much money they have reserved for you in future funding and what you need to do to get that money from them, do not focus on what can affect you .
The worst thing your investor can do is say, "I'm not going to tell you." But if your investor is really on your side and wants to see you succeed, your investor will likely say, "All right, and you know . . There may be some areas where you can wash (talk) and (dollar) and make a noncommittal language, but you have at least a frame of reference whether it's zero dollars, a little bit of money, or a lot of money. And you can start to understand, "Well, what do we have to do at this moment?"
Edtech goes back to school
Natasha Mascaren interviewed eight leading edtech extra crunch investors about the latest changes in the area, especially as its importance increased during the pandemic. "Investors differed in which subcategories benefited the most," she writes, "but it is clear that the pandemic has not affected the entire edtech sector. An investor found that the pandemic had interest in ISAs even lower, while other venture capitalists realized how valuable the financing instrument is now more than ever. ”She also looked at a number of vertical acquisitions worldwide.
A promise to support international students
The Trump administration resigned to force international students to leave the country if their courses only went online this week, shortly after being sued by some leading universities and 17 attorneys general. After the push against most worker visas and other measures against immigration, all concerned expect further problems. To this end, theinformationsuperhighway-based immigration law expert Sophie Alcorn co-founded a new initiative to support international students. Here are more details:
We are proud to announce the Community for Global Innovation (CFGI), a movement that centralizes how companies and individuals around the world can show solidarity with international students and believe that everyone deserves a chance to succeed. CFGI is a constellation of top startups, VCs, professionals, non-profit organizations, international students and graduates. We are committed to supporting international students, raising awareness and making changes.
Companies use the CFGI promise via the platform to support international students: “If you are international, no problem. Everyone in our team has a chance. “We have also partnered with Welcoming America, a leading US nonprofit that accepts donations to make the United States more inclusive with immigrants and all residents. We are actively seeking the support of volunteers, corporate donors and community members such as international startup founders who know it is time to share their stories.
An immersive chat future
Podcasting, social audio and virtual reality combine to form a potentially new trend, Lucas Matney writes this week for Extra Crunch. "With audio-centric platforms sparking investor interest, the founders of the old virtual reality are trying to push 3D audio as the next evolution by presenting the technology in a way that is completely different from today's voice chat platforms. Although some of these efforts have been underway for some time, the still young platforms are much more interesting as social efforts such as clubhouse are fleeing and investors continue to eat audio startups. “The best examples to date include High Fidelity and Teooh.
All about theinformationsuperhighway
Done, done, networked! CrunchMatch is now open for Early Stage 2020
Anything you might want to know about collecting donations is covered in the TC Early Stage
Marketing, PR and brand building, oh my god! The theinformationsuperhighway Early Stage takes place on July 21st and 22nd
Here is your chance to meet Sequoia's partner at TC Early Stage
Register for the next week's Pitchers & Pitches competition on July 23. On
theinformationsuperhighway talks about virtual events and event technology
At Disrupt 2020, learn how to build a company where profits and users come first, and VCs last
Bumble founder Whitney Wolfe Herd comes to disrupt 2020
Emily Heyward shows you how to make your brand great at TC Early Stage
In the course of the week
Due to the effects on the corona virus, the United States hit China for the first time since 2014 when downloading from the App Store
China Roundup: Technology giants comment on Beijing's data control in Hong Kong
According to the judgment of the CJEU, legal clouds collect via US cloud services
Smartphone deliveries in India halved in the second quarter of 2020
Equity Monday: India's digital economy is getting plenty of attention, three rounds of funding and one winning season
Extension rounds help some startups take offense during COVID-19
How Thor Fridriksson's "Trivia Royale" achieved 2.5 million downloads in 3 weeks
Investors are looking for Chromium startups
As companies accelerate their digital transitions, employees describe a changed workplace
A not surprising wave of startups with video focus is trying to make video calls better
From Alex Wilhelm:
Hello and welcome back to Equity, theinformationsuperhighway's venture capitalized podcast, where we unpack the numbers behind the headlines.
This week was full of news of all kinds, but as we recorded, both Danny and Natasha "not Tash" Mascarenhas were still excluded from their Twitter accounts after the proletariat revolutionized the ruling Blue Checkmark class on the social platform Had silenced. That didn't really happen, but it sounds better than what actually happened in big social.
Whether Twitter accounts or not, the three of us gathered to analyze a wave of messages:
- The new theinformationsuperhighway list that Danny has put together for a long time is here! It is live! You can find it here. It is good.
- And if you want to know which VCs have been celebrated by founders, click here. (If you're annoyed that you haven't created either list, please email Danny, not the show!)
- Google invests billions in Reliance Jio after every other company in the world has done the same. Google buys slightly less from Indian telecommunications than the search giant, but it's more than $ 10 billion between the two. Maybe Reliance Jio has finished collecting money? Last but not least?
- Udemy is reported to be chasing more capital with a higher rating and offering Natasha the perfect moment to tell us what's going on with edtech.
- Regarding the funding rounds, I was thrilled with the macro round that theinformationsuperhighway covered this week. Danny wanted to talk about The Browser Company's similar $ 5 million round, and Natasha talked to us about LiteBoxer's combined new $ 6 million capital.
- Finally, we talked about IPOs for a hot second. The IPO window is open, and now that nCino and GoHealth have gone public, we want to know who's next.
It was a good time and there is some news from the show. That means Equity will come back to YouTube this week or next week. If you want to see us speak, you can do it soon! Once again!
Oh, and follow the show on Twitter. If you can, that's it.
Equity decreases every Monday at 7:00 a.m. and Friday at 6:00 a.m. So subscribe to us on Apple Podcasts, Overcast, Spotify and all casts.