$10B drone startup. Etsy tops NY's biggest tech exits. Union Square Ventures' sixth unicorn.

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Dre, Dimon and Freddy Dubs

Hi there,

Jamie Dimon, CEO of JP Morgan Chase, warned that Silicon Valley is coming after financial services. As a consequence, JPM is investing actively in Fin Tech startups. We dig into their investments and areas of focus using the Business Social Graph.

Union Square Ventures - bonkers

Excuse me for a sec while I channel my inner Ben Horowitz.

There are three types of people in the world.
Those who don't know what happened.
Those who wonder what happened.
And people like us from the streets that MAKE things happen.

Those lyrics from this Dr Dre song are a good way to describe Union Square Ventures. The firm definitely falls into the make things happen category sans the "from the streets" portion. BTW, we think Fred Wilson's name on the streets would be Freddy Dubs.

With Etsy's gargantuan IPO today, USV has had a billion dollar exit every year for the last 5 years. Yes, they are that good.

Etsy is good news after mixed NY data

Etsy is NY's largest-ever VC-backed tech exit. And it's a nice piece of news after NY's Q1 2015 VC stats which saw it lose its #2 spot to Massachusetts.

That decline was detailed in our free 121 page VC funding and exit report.

TL;DR

BTW, if you find 121 pages intimidating or are just lazy, this tweetstorm breaks down the 10 highlights of the quarter. You're welcome.

Have a great day.

Thanks,
Anand
@asanwal

DJI poised to pump VC funding to drone startups

DJI is reportedly raising new funds at a $10B valuation from venture investors, while Airware launched its commercial drone OS today. Here's how drone funding has been trending.

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Etsy takes title of NY's biggest VC-backed tech exit

Just a few months after OnDeck's IPO, Etsy has emerged as the largest VC-backed tech exit in NY history. See the updated list of NY's top tech exits.

Union Square Ventures marks fifth straight year with a billion-dollar exit

Union Square Ventures has notched a remarkable 4 billion-dollar IPOs and 2 billion-dollar M&A exits since 2011. See the data.

What kind of Fin Tech startups is JPMorgan Chase investing in?

JPMorgan's Jamie Dimon has warned that Silicon Valley is coming. His firm is meeting the challenge head-on, investing in Fin Tech startups ranging from lending to robo-advisors. See where JPM is targeting.

The Blurb

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The eternal return of Buzzfeed. "Buzzfeed is the most influential news organization in America today because the Internet is the most influential medium."
T he Atlantic

No one is self made. "Fatherhood has taught me that no one is self-made."
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