Posts filtered by tags: Kleiner Perkins[x]


 

Silicon Valley startups are being forced to cut costs or die in the worst financial crisis in a generation. Here are the investors whose companies are feeling it the worst.

According to PitchBook data, a handful of top-tier Silicon Valley venture-capital firms have startups that are bearing the brunt of the current financial crisis. Many startups are experiencing the first, and likely the worst, financial crisis in a generation, and about 60 companies have had to cut costs and lay off employees to stay afloat. NEA and Founders Fund each have 14 companies that have conducted sweeping layoffs or shuttered entirely. No stage was spared, as early-stage investors and ...
Tags: Texas, Trends, Andreessen, Austin, Silicon Valley, Andreessen Horowitz, IVP, Kleiner Perkins, Nea, Accel, Sequoia, PitchBook, Silverton Partners, Capital Factory, US Blue


Daily Crunch: Airbnb raises another $1B

Airbnb turns to private equity for new funding, WhatsApp takes new steps to fight disinformation and another potential COVID-19 vaccine enters human trials. Here’s your Daily Crunch for April 7, 2020. 1. Airbnb turns to private equity to raise $1 billion Airbnb said Monday that it has raised $1 billion in debt and equity from PE firms Silver Lake and Sixth Street Partners, even as the online rental marketplace has seen its business plummet due to the COVID-19 pandemic. Terms of the deal wer...
Tags: Fundings & Exits, Facebook, Funding, US, America, Tech, Cnn, Factual, Airbnb, Bill, Melinda Gates, Silver Lake, Matt Murphy, Menlo Ventures, Kleiner Perkins, Dennis Crowley


How SaaS startups should plan for a turbulent Q2

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. We’ve dug into churn twice in the last week from an expert and data-based perspective. We’ve also spent a good amount of time talking to venture capitalists about how they are approaching today’s turbulent market. This morning we’re adding to both conversations by bringing Menlo Ventures‘ Matt Murphy into the discussion. Murphy spent 16 years at Kleiner Perkins before joining Me...
Tags: Fundings & Exits, Startups, TC, Tech, SaaS, Matt Murphy, Menlo Ventures, Kleiner Perkins, Murphy, Churn


Longtime VC Neil Sequeira: funding founders without in-person meetings is ‘quite difficult’

Neil Sequeira was a managing director with General Catalyst for more than 13 years before co-founding early-stage firm Defy several years ago with another veteran of the industry, Trae Vassallo, who’d spent the dozen years prior with Kleiner Perkins. We caught up with Sequeira yesterday afternoon and discussed whether he’s seeing valuations come down and whether he can imagine funding founders who may have an exciting pitch but is unable to meet in-person due to the pandemic. Our chat has ...
Tags: Startups, TC, Funding, Tech, Fundraising, Venture Capital, General Catalyst, Kleiner Perkins, Bay Area, Trae Vassallo, Defy, Neil Sequeira, Sequeira, Extra Crunch, Coronavirus, COVID-19


A Slack investor predicts that any productivity startup that doesn't become a 'daily use tool' won't have the 'engagement' to survive whatever comes next in the market (WORK)

Index Ventures partner Sarah Cannon said that enterprise and productivity startups may not be able to weather an upcoming economic downturn — despite the current hype around remote-work tools like Slack and Zoom. That's contrary to the view of many other VCs, who think that this is the time for productivity startups to shine. In a conversation with Business Insider, the Slack investor said the industry's momentum prior to office shutdowns will help keep some companies afloat, but ultimately on...
Tags: Elon Musk, Microsoft, Trends, Canon, Kleiner Perkins, Index Ventures, Cannon, Google Suite, Sarah Cannon, Word Cannon


Leading VCs discuss how COVID-19 has impacted the world of digital health

In December 2019, Extra Crunch spoke to a group of investors leading the charge in health tech to discuss where they saw the most opportunity in the space leading into 2020. At the time, respondents highlighted startups in digital therapeutics, telehealth and mental health that were improving medical practitioner efficiency or streamlining the distribution of care, amongst a variety of other digital health markets that were garnering the most attention. Where top VCs are investing in digital h...
Tags: Health, Fundings & Exits, Startups, TC, Science, Funding, Medical, Tech, Policy, Mental Health, Healthcare, Venture Capital, Biotech, Telemedicine, Diagnosis, Kleiner Perkins


VCs are launching new funds and closing deals — even as their own investors consider pulling back. Here's why the venture community is split on what comes next.

The coronavirus-driven economic uncertainty is nothing like other downturns the venture capital community has weathered before, several investors told Business Insider. Some investors are concerned that limited partners will scale back investments, especially family offices and individually wealthy backers. Others like Coefficient Capital have recently announced debut funds even as the uncertainty drags on. The fund was closed above its target near the end of 2019, the cofounders told Business...
Tags: Trends, Beverly Hills, Silicon Valley, Jeff Bezos, Kleiner Perkins, Sand Hill Road, Minnie Ingersoll, Andrew Goletka, Coefficient Capital, Business Insider Several, Catharine Dockery, Business Insider Some, Shirley Schoenfield, Goletka


Brex acquires three companies to build out its bank alternative for startups

Brex wants to help startups get the money that traditional big banks won’t lend them, and it just acquired three companies to help it do so: Neji, Compose Labs and Landria. Per Brex, 12 new people will be joining Brex in total from the three companies.  While the San Francisco fintech startup declined to share how much each deal cost, we all know Brex doesn’t have a shortage of capital: It has raised more than $300 million in known venture capital from investors like Kleiner Perkins, DST Glob...
Tags: Startups, TC, Y Combinator, San Francisco, Tech, Stripe, DST Global, Kleiner Perkins, Ribbit Capital, Brex, Henrique Dubugras, Dubugras, Compose Labs, Landria, Neji, Kleiner Perkins DST


Alcohol delivery and CBD-infused beverage startups are flourishing during coronavirus containment, while the broader direct-to-consumer industry struggles to keep a foothold

So-called "vice" startups, such as those that specialize in alcohol or CBD, are seeing record sales and booming demand during the widespread work-from-home directives and social distancing measures to protect people from the novel coronavirus. Alix Peabody, founder and CEO of canned alcohol startup Bev, said that her business model was built to flourish in times of economic uncertainty and larger downturns because people use alcohol to "celebrate" but also when they are "bored and worried." Pe...
Tags: Facebook, New York, California, US, Los Angeles, Trends, Kleiner Perkins, Peabody, Bev, Dockery, Facebook Instead, Witte, Business Insider The Los Angeles, Alix Peabody, Vice Ventures, Catharine Dockery


Across furtive videocons, junior VCs wait for the layoffs to begin

Amid post-YC Demo Day discussions and online “coffee” catchups, there is a lingering sense of dread among VCs — particularly junior VCs — about their own job security. Over the past few days, I have heard rumors — and they are just rumors, for now — about three recognizable venture firms and how they are beginning to rethink staffing in the year ahead amidst the novel coronavirus pandemic. Two of those firms are in active discussion about potential exits with specific individuals, while another ...
Tags: Tech, Kleiner Perkins


To make locks touchless, Proxy bluetooth ID raises $42M

We need to go hands-off in the age of coronavirus. That means touching fewer doors, elevators, and sign-in iPads. But once a building is using phone-based identity for security, there’s opportunities to speed up access to WIFI networks and printers, or personalize conference rooms and video call set-ups. Keyless office entry startup Proxy wants to deliver all of this while keeping your phone in your pocket. “ The door is just a starting point” Proxy co-founder and CEO Denis Mars tells me. “We’re...
Tags: Security, Fundings & Exits, Startups, TC, Mobile, Apps, Y Combinator, Hardware, Enterprise, Privacy, Funding, Tech, Mars, Kleiner Perkins, Silicon Valley Bank, Sdk


Startup Interos is using AI to help businesses handle supply chain jolts -- just like the coronavirus crisis. Here's the pitch deck it used to raise $17.5 million.

Startup Interos uses AI to help businesses adapt to jolts in their supply chain, such as the one caused by the coronavirus crisis. "Most companies are trying to do this on Excel spreadsheets," CEO and founder Jennifer Bisceglie told Business Insider. The Interos platform allows businesses to "visualize all the tiers of the business." The Arlington, Virginia, startup just raised $17.5 million from investors including Kleiner Perkins and Venrock. Click here for more BI Prime stories. Supply cha...
Tags: Trends, Kleiner Perkins, Venrock, Arlington Virginia, Startup Interos, Jennifer Bisceglie, Kleiner Perkins CEO, Bisceglie, Interos


Startup Interos is using AI to help businesses handle supply-chain jolts — like the coronavirus crisis. Here's the pitch deck it used to raise $17.5 million.

Interos uses AI to help businesses adapt to jolts in their supply chains, such as the one caused by the coronavirus crisis. "Most companies are trying to do this on Excel spreadsheets," CEO and founder Jennifer Bisceglie told Business Insider. The Interos platform allows businesses to "visualize all the tiers of the business." The Arlington, Virginia, startup just raised $17.5 million from investors such as Kleiner Perkins and Venrock. Click here for more BI Prime stories. Supply-chain disru...
Tags: Trends, Kleiner Perkins, Venrock, Arlington Virginia, Startup Interos, Jennifer Bisceglie, Bisceglie


From healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

Hello! My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively.  8 tips for crushing your job while working from home, from 6 leaders who have worked remotely for years I hope it's helpful. I should also note that cybersecurity expe...
Tags: Amazon, Spacex, Milan, Instagram, Microsoft, China, Ipo, Disney, US, Trends, Adidas, Tesla, Nasa, GCC, Italy, Nba


From the healthcare and Wall Street to Silicon Valley and space exploration, here's a breakdown of how the coronavirus is upending every industry

Hello! My Insider Inc. colleagues and I are now all working from home, and I expect many of you are too. I will admit that so far that it's been an adjustment. With that in mind, I want to start the newsletter this week with advice from six of our senior editors who have worked remotely for years about how to do it productively.  8 tips for crushing your job while working from home, from 6 leaders who have worked remotely for years I hope it's helpful. I should also note that cybersecurity expe...
Tags: Amazon, Spacex, Milan, Instagram, Microsoft, China, Ipo, Disney, US, Trends, Adidas, Tesla, Nasa, GCC, Italy, Nba


Top VC firm Kleiner Perkins says it signed the first term sheet of the 'work from home' era. Here's how it came together.

On Thursday, Kleiner Perkins partner Mamoon Hamid tweeted that the Silicon Valley firm had just landed a Series A funding deal, its first completely with an entirely remote team. According to principal Bucky Moore, the Kleiner Perkins team conducted the pitch meeting and follow-ups on Zoom video conferencing, and that the deal took roughly the same time as traditional in-person meetings. Moore told Business Insider that he has been advising startups that are able to avoid fundraising for the n...
Tags: US, San Francisco, Trends, Beverly Hills, Silicon Valley, Jeff Bezos, Kleiner Perkins, Moore, Hamid, Mamoon Hamid, Business Insider Things, Bucky Moore, Bucky Moore He


Meet the 21 startups cofounded by women that reached unicorn status in 2019, hitting a valuation of $1 billion or more

A record 4,399 investments were made in female-founded startups in 2019, according to new data from All Raise and Pitchbook. The funding helped boost a record number of startups with at least one female cofounders to unicorn status in 2019, meaning that they hit a valuation of $1 billion or more. Here are the 21 startups with female cofounders that hit valuations over $1 billion in 2019. Visit Business Insider's homepage for more stories. A record 4,399 investments were made in female-founded...
Tags: New York, Instagram, Australia, Ebay, China, Ipo, Boston, India, Softbank, US, Los Angeles, San Francisco, Trends, Linkedin, Bloomberg, Mit


Doing deals through Zoom? These investors have some tips

Investors are turning to remote-only meetings to combat COVID-19, which was officially declared a pandemic yesterday . The novel coronavirus is already spreading via community contact in the Bay Area; an employee of South Park Cafe, a popular hub for techies and venture capitalists run by the credit card startup Brex, tested positive this week. The spot is a few hundred feet from a number of high-profile venture capital firms, including Kleiner Perkins. But for many remote-friendly ventu...
Tags: Work, Money, Funding, Tech, Fundraising, Venture Capital, Kleiner Perkins, Bay Area, South Park Cafe, Geoff Lewis, Bedrock, Astia, Elizabeth Yin, Brex, Extra Crunch, Turner Novak


Coda CEO Shishir Mehrotra on the future of the document

Productivity tools have been a white-hot space, with new startups seeming to nab funding on a daily basis. Coda has been one of the more impactful productivity tools, pitching a richer and deeper collaborative document builder. The startup has picked up $60 million in funding from top investors like NEA, General Catalyst, Greylock Partners and Kleiner Perkins. I recently spoke to CEO Shishir Mehrotra about how his startup has aimed to rethink the document. Below is a quick chunk of my intervi...
Tags: TC, Microsoft, Tech, General Catalyst, Greylock Partners, Kleiner Perkins, Coda, Shishir Mehrotra, Extra Crunch, NEA General Catalyst Greylock Partners


These 5 under-the-radar startups have raised millions from investors like Andreessen Horowitz and Kleiner Perkins to make it easy for millennials to start saving

Rising credit card debt and student loans are a daily concern for many consumers and with outstanding debt, it can be hard for consumers to save. A wave of startups have cropped up offering their users automated ways to pay down debt and start saving. From rounding up transactions to the nearest dollar to putting away $0.50 cents a week, these startups are helping consumers start small with the backing of investors like Citi Ventures, Andreessen Horowitz, and Shark Tank's Mark Cuban. Click her...
Tags: US, Trends, WeWork, Andreessen Horowitz, Warby Parker, Kleiner Perkins, Snoop Dogg, Sephora, Citi Ventures, Shark Tank, New York New York, San Francisco California, Atlanta Georgia, FDIC, Chicago Illinois, Qapital


These 5 startups have raised millions from investors like Andreessen Horowitz and Kleiner Perkins to make it easy for millennials to start saving

Rising credit card debt and student loans are a daily concern for many consumers and with outstanding debt, it can be hard for consumers to save. A wave of startups have cropped up offering their users automated ways to pay down debt and start saving. From rounding up transactions to the nearest dollar to putting away $0.50 cents a week, these startups are helping consumers start small with the backing of investors like Citi Ventures, Andreessen Horowitz, and Shark Tank's Mark Cuban. Click her...
Tags: US, Trends, Andreessen Horowitz, Warby Parker, Google Photos, Kleiner Perkins, Snoop Dogg, Sephora, Citi Ventures, Shark Tank, New York New York, San Francisco California, Atlanta Georgia, FDIC, Chicago Illinois, Qapital


Startups Weekly: Remote-first SaaS products boom as workers stay home

Silicon Valley companies had already been going remote-first when the coronavirus became a global pandemic. This means there are lots of great software tools already on the market, that are seeing a huge amount of new usage now. And not just Zoom. Alex Wilhelm checked in with HiveIO, Friday, FreeConferenceCall, Brandlive, Kentik, Bluescape, LogMeIn, and other remote-oriented SaaS startups large and small to get the freshest data for Extra Crunch. Here’s , for example: United States and United ...
Tags: TC, South Korea, Hong Kong, France, China, Southeast Asia, India, Tech, United States, United Kingdom, Italy, Silicon Valley, Airbnb, EC, Vietnam, Alex


Kleiner’s new fund, Atrium is kaput, and the latest data on Seed rounds

Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. This week was packed with news, most of it pretty bad. But Zoom did well, so there’s that. Happily we had our dynamic pairing, Alex “Have I Died” Wilhelm and Danny “Good Hair” Crichton on hand to parse through it all. (A reminder that Equity now hits your podcast app twice a week now, so peep us Monday mornings!) So what was on the docket? A host of things, st...
Tags: Apple, Fundings & Exits, Startups, TC, Podcasts, Venture Capital, Earnings, Equity, Alex, Kleiner Perkins, Exit, Zoom, Kleiner, Danny, Atrium, Wilhelm


Citing Star Wars, Kleiner Perkins closes a $700M fund for early-stage companies

After going “back to the future” with a $600 million fund last year, VC firm Kleiner Perkins is aiming for some “returns of the Jedi” with its freshest (and refocused) fund.  With Star Wars references on the forefront in its announcement, the firm today announced that it has closed its largest fund to date: KP 19, a $700 million venture fund to invest in early-stage startups. Per the firm, it will invest in startups tackling issues like security, digital identity and the future of work.  KP...
Tags: Travel, Startups, TC, Finance, Venture Capital, Blockchain, Mary Meeker, Kleiner Perkins, Kleiner, Ilya Fushman, Desai, Fushman, Monica Desai, Bison Trails


Netlify nabs $53M Series C as micro services approach to web development grows

Netlify, the startup that wants to kill the web server and change the way developers build websites, announced a $53 million Series C today. EQT Ventures Fund led the round with contributions from existing investors Andreessen Horowitz and Kleiner Perkins and newcomer Preston-Werner Ventures. Under the terms of the deal Laura Yao, deal partner and investment advisor at EQT Ventures will be joining the Netlify board. The startup has now raised $97 million, according to the company. Like man...
Tags: Startups, TC, Enterprise, Web Development, Developer, Funding, Tech, Andreessen Horowitz, Kleiner Perkins, Bach, EQT Ventures, Chris Bach, Netlify, Preston Werner, Matt Biilmann, Micro Services


Netlify nabs $53M Series C as microservices approach to web development grows

Netlify, the startup that wants to kill the web server and change the way developers build websites, announced a $53 million Series C today. EQT Ventures Fund led the round with contributions from existing investors Andreessen Horowitz and Kleiner Perkins and newcomer Preston-Werner Ventures. Under the terms of the deal Laura Yao, deal partner and investment advisor at EQT Ventures will be joining the Netlify board. The startup has now raised $97 million, according to the company. Like man...
Tags: Startups, TC, Enterprise, Web Development, Developer, Funding, Tech, Andreessen Horowitz, Kleiner Perkins, Bach, EQT Ventures, Chris Bach, Netlify, Preston Werner, Matt Biilmann, Micro Services


WellSet is doing a limited launch in Los Angeles of its alternative medicine booking platform

Alternative and holistic healthcare seekers in the Los Angeles area have a new service they can turn to in WellSet , the listing platform that launched on Tuesday.  Through the service, customers coming off the company’s existing waitlist can access its marketplace for finding acupuncturists, massage therapists, functional medicine practitioners, craniosacral therapists, nutritionists, life coaches and holistic therapists. WellSet will serve up practitioners based on a users’ health concer...
Tags: Health, Startups, TC, New York, Pinterest, Los Angeles, San Francisco, Tech, Massage, Yale, Medicare, Silicon Valley, Medicaid, Gwyneth Paltrow, Kleiner Perkins, Broadway Angels


Morgan Stanley's $13 billion E-Trade deal is a sign banks are ready to 'open up their pocketbooks' for fintechs, insider says. Here's what that could mean for buzzy startups' valuations.

Venture and growth-stage investors tell Business Insider Morgan Stanley's planned acquisition of E-Trade for $13 billion is a sign of further dealmaking to coming in 2020 for fintechs in the wealth management space.  The deal shows banks' recent willingness to look externally for ways to evolve or expand their process, even if it's a steep price tag, investors said. Banks also might not be the only acquirers, as insurance or tech companies could be in the market as they look to jump start thei...
Tags: Google, Amazon, US, Trends, Tech, Paypal, Prudential, Johnson, Morgan Stanley, Wall Street Journal, Intuit, Kleiner Perkins, Visa, Matrix Partners, Credit Karma, Rbc


Insiders say Morgan Stanley's $13 billion E-Trade deal could kick off a buying spree for wealth-management fintechs. Here's why banks are ready to 'open up their pocketbooks' and what it means for startup valuations.

Venture and growth-stage investors tell Business Insider Morgan Stanley's planned acquisition of E-Trade for $13 billion is a sign of further dealmaking to coming in 2020 for fintechs in the wealth management space.  The deal shows banks' recent willingness to look externally for ways to evolve or expand their process, even if it's a steep price tag, investors said. Banks also might not be the only acquirers, as insurance or tech companies could be in the market as they look to jump start thei...
Tags: Google, Amazon, US, Trends, Tech, Paypal, Prudential, Johnson, Morgan Stanley, Kleiner Perkins, Visa, Matrix Partners, Trump, Rbc, Bernstein, Lee


Leanplum raises another $27M, shakes up its executive ranks

Customer engagement platform Leanplum today announced that it has raised a $27 million extension to its 2017 $47 million Series D round. This additional funding was led by previous investors Norwest Venture Partners and Shasta Ventures. Kleiner Perkins, Canaan and Launchub also participated in this round, which the company says it will use to bolster its product development and go-to-market efforts. With this, Leanplum has now raised a total of $125 million. Maybe just as importantly, Leanplu...
Tags: TC, Finance, Tech, Investment, Ceo, Leanplum, Kleiner Perkins, Comscore, Shasta Ventures, Cfo, Co, George, Norwest Venture Partners, Garrick, Tapjoy, Kyurkchiev