Venture capitalists’ investment in San Antonio startups is still pretty measly compared to the state’s other major metros, according to two reports. But local investors and entrepreneurs say the city’s nascent tech scene is making progress, and point to resources like the Geekdom Fund and Active Capital that have sprung up. Venture-capital funding in San Antonio-area companies fell to about $19.1 million last year, down from $43.7 million in 2017 and $33 million in 2016, according to the annual PricewaterhouseCoopers/CB Insights MoneyTree report. Venture capitalists are usually wealthy investors or firms that provide seed or early-stage funding for fledgling businesses. On ExpressNews.com: Scaleworks co-founder talks venture capital and what he looks for in a CEO Funding also fell in Dallas, though it rose in Houston and statewide. The majority of venture-capital activity in Texas last year took place in Austin, with investments reaching $1.36 billion. The amount is … [Read more...] about San Antonio’s venture-capital investments lag, but ‘climate here is changing’
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This promising Mexican startup closed its doors in the middle of a corruption scandal. How does this affect the Latin American entrepreneurial ecosystem? Experts explain. Martha Elena Violante Published 3:20 pm CST, Thursday, February 14, 2019 Photo: Manolo Díaz / Yogome Photo: Manolo Díaz / Yogome Image 1 of / 1 Caption Close Image 1 of 1 Photo: Manolo Díaz / Yogome This Startup Raised $30 Million. Now, Its Founder Is Accused of Fraud. 1 / 1 Back to Gallery This story originally appeared on Entrepreneur en Español. On Thursday, Oct. 4, 2018, a tweet that supposedly came from the employees of Mexican startup Yogome announced that its 150 workers were … [Read more...] about This Startup Raised $30 Million. Now, Its Founder Is Accused of Fraud.
Snoop Dogg is no stranger to business investment. Photo: Paul R. Giunta/Invision/AP Swedish fintech giant Klarna got an unlikely minority owner on Thursday in the form of American rapper Snoop Dogg, who will also front the company's marketing campaign. Forbes reports that the artist, whose real name is Calvin Broadus, will also change his name to Smoooth Dogg when he becomes the new face of Klarna's "smoooth" concept – following in the footsteps of, among others, a video of a long-haired swimming dog which became a viral sensation when it launched. The value of the deal was not disclosed, but the rapper, who has previously invested in startups such as Californian marijuana delivery business Eaze, Reddit and trading app Robinhood, said he planned to continue to invest in a range of businesses in Europe. "I've been doing business in Europe for years with fashion brands, telecommunication companies, and more," he told Forbes. "I've endorsed them, advised them, and now I'm … [Read more...] about Snoop Dogg just invested in Klarna, ya dig?
Be smart, and don't go solo. Mack Kolarich Published 9:30 am CST, Wednesday, January 9, 2019 Photo: Pattanaphong Khuankaew | EyeEm | Getty Images Photo: Pattanaphong Khuankaew | EyeEm | Getty Images Image 1 of / 1 Caption Close Image 1 of 1 Photo: Pattanaphong Khuankaew | EyeEm | Getty Images Explore Startup Investing Beyond Silicon Valley 1 / 1 Back to Gallery Startup unicorns and billion dollar funds grab headlines these days, but most investors only hear about these opportunities late in the investing cycle, when growth is slowing. Increasingly, company value is realized in the private markets vs. after initial public offerings (IPOs). And recent performance data shows that … [Read more...] about Explore Startup Investing Beyond Silicon Valley
Raising capital for growth is one of the most important milestones for an ambitious company, yet founders often know little about the process before they are in the thick of it. Business Insider spoke in detail to the founders of VINEX, an Adelaide-based company that built a global marketplace for wine, about how they found investors and secured capital. There are also perspectives from others involved in the process, including one of their backers — James Spenceley, the former Vocus telecoms boss who is now a private investor. The startup is fundamentally a good idea in search of cash. The idea is usually disruptive and has the potential to grow into a large and successful business. One of the critical challenges is pulling together the resources to get it off the ground. Denys Hornabrook and Andrew De Zolt, operating from Adelaide, created a global marketplace to buy and sell wine. Not a place for wine lovers, but a wholesale digital platform for businesses, something which … [Read more...] about INSIDE THE INVESTOR ROADSHOW: One Australian startup’s experience trying to raise millions from investors for global expansion