The Hardware Club closes $50 mln first fund.

The Hardware Club said it completed a final close of its $50 million first fund. The firm, operating from Paris, Tokyo and San Francisco, raised the capital from investors, including Isomer Capital, Draper Esprit, Bpifrance’s French Tech Acceleration funds, Foxconn and Arkéa.

VCJ LP Fund Performance

Fund Performance: A review of San Francisco’s venture portfolio from 2015

Below is performance data for the San Francisco Employees’ Retirement System‘s vintage 2015 venture capital funds. The figures from the San Francisco LP are current as of December 2017. Investment multiples are calculated by VCJ. To download the full version of the spreadsheet below with additional data, click here: SFERS Venture Portfolio (2015) SFERS Venture Portfolio (2015) Fund […]

VCJ People Venture

Bill Davidow on risk taking and today’s startup innovation

In the years since Bill Davidow co-founded Mohr Davidow Ventures in 1983, venture capital has changed dramatically. A period of capital scarcity has turned into an era of capital abundance, and hundreds of millions of dollars pour into big rounds. Powerful new companies, such as Google and Facebook, define the Silicon Valley landscape and benefit […]

VCJ Venture Agtech Deals
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Agtech on track for record year with $1.6 bln invested so far

Agtech continues to be a big draw for venture investors this year, with $1.6 billion pumped into deals worldwide through October, and 2018 is on course for another record. Deal volume also appears as though it will be up this year, with 209 transactions, according to a market study by Finistere Ventures and PitchBook. Helping […]

San Francisco Performance

Fund Performance: SFERS venture portfolio (2014)

Below is performance data for the San Francisco Employees’ Retirement System‘s vintage 2014 venture capital funds. The figures from the San Francisco LP are current as of December 2017. Investment multiples are calculated by VCJ. To download the full version of the spreadsheet below with additional data, click here: SFERS venture capital portfolio (2014) SFERS venture capital portfolio […]

VCJ Venture SoftBank Vision Fund
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SoftBank Vision Fund closes in on $100 bln

SoftBank’s Vision Fund added another $5.4 billion to its coffers and signed up an additional six LPs over the past 18 months, the company announced in a regulatory filing. The Vision Fund has now grown to $98,582,800,000, according to the filing with the Securities and Exchange Commission. When it launched in May 2017, the fund […]

venture capital, Pitchbook, Softbank, Vision Fund

Corporate VCs pay up: Deal value at decade high

Corporate venture capitalists have been increasingly willing to pay up for deals this year, with valuations for investments jumping in both early and late rounds. As a result, capital entering deals that involve them has reached at least a decade high, according to PitchBook. The heightened pricing is no surprise given the presence of SoftBank’s massive Vision […]

VCJ Venture NEA Restructuring
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NEA completes secondary sale of 26 portfolio companies for about $1 bln

New Enterprise Associates has completed a roughly $1 billion secondary sale of 26 portfolio companies in a deal designed to bring early liquidity to limited partners in four of its funds. The transaction, done at a small discount, transferred the companies to NewView Capital, a firm managed by former NEA General Partner Ravi Viswanathan and […]

VCJ Venture Downturn

What investors tell their companies

Entrepreneurs and their investors have largely adopted a wait-and-see approach to a possible economic downturn. Why slash burn rates and hold back growth if a softening of business conditions is several years off? Nobody wants to see rain clouds when the sun is shining. So proposals to forgo expansion don’t gain traction. “It’s a hard […]

VCJ Venture December 2018 Cover
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How venture is preparing for a downturn

Social Capital’s Chamath Palihapitiya demonstrated dramatic flair in October when he labeled venture capital a “bizarre Ponzi balloon” and vowed to sit on the sidelines. Palihapitiya, in truth, may not be the one to offer the industry a didactic scolding, having witnessed the near disintegration of his firm. But he has a point. A deluge […]

235 Views

Qualcomm unveils $100 mln AI investment fund

Qualcomm unveiled an AI-focused investment fund, Qualcomm Ventures AI Fund, that will steer up to $100 million to startups working with artificial intelligence. Qualcomm Ventures made its first investment from the fund by participating in a Series A round for AnyVision.

ICOs Crypto Year in Review VC
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ICO activity tumbles, but VCs step up to blockchain

A little more than a year ago, bitcoin was at an all-time high and flirting with $20,000. As of late Tuesday, Nov 27, it was trading at about $3,800, less than a fifth of where it was. Initial coin offerings have followed a similarly tortured path. Capital raised in the third quarter fell by roughly […]