Tag

Financing

Glowforge’s $22 Million Financing

We just led a $22 million financing in Glowforge. I’ll start with the punchline – lasers are super cool. When we led a $9 million financing in Glowforge a little over a year ago, we were excited about the potential to do to the subtractive 3D printing world what we did with MakerBot in the…

Founders – Use Your Down Round To Clean Up Your Cap Table

Mark Suster wrote a great post yesterday titled The Resetting of the Startup Industry. Go read it now – I’ll wait. Once again, as we find ourselves in the middle of a significant public market correction, especially around technology stocks, there’s an enormous amount of noise in the system, as there always is. Much of it…

Fundraising 2016 – Control Your Destiny

Welcome to 2016. We’ve already heard lots of predictions about the late stage financing market, tech IPOs, and what is going to happen to unicorns this year. And it’s only Monday, January 4th. Remember that these are predictions. No one really has a clue. And a year is a long time. My simple advice for…

We Will Never Need Another Financing

I hear some version of this one all the time. “We will never need another financing.” “This financing will get us to cash flow breakeven.” “This is our last financing before we become profitable.” It’s probably bullshit. There are so many reasons companies raise more money in the future that even making an assertion like this…

Rover Cuddles Up to $12 Million

Today, Rover announced that Menlo Ventures has led a new $12m round of financing. As is our style, we participated, but we’re excited to have a new partner to join us, Madrona, and Petco in this fast growing adventure. Lots of VC firms are once again talking about online marketplaces. Some get it; many don’t….