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Around April 1st, our data science team was having some fun and found a correlation between the number of micro-breweries and number of micro-VC investments.
After issuing the correlation, David Beisel (@davidbeisel), a partner at NextView Ventures, reached out with a thoughtful guest post on the rise of the craft brewer VC firm. In it, he writes that "if you want to win in a maturing industry, you need to be either Budweiser or a laser-focused craft brewer."
You should go read it especially if you're interested in why the micro-VC phenomena continues to gain steam.
Early stage funding tops $1.5B
We break down March's early stage activity and highlight some of the companies with the most chatter. Interestingly, funding is up but seed deal sizes continue to decline.
Founders get wiped out
Get Satisfaction, a Zendesk competitor, which was backed by First Round Capital, Azure Capital Partners and O'Reilly AlphaTech among others was acquired by one of the newest unicorns, Sprinklr, last week.
Get Satisfaction co-founder Lane Becker tweeted this out afterwards. This is the kind of straight talk we don't typically see.
All the US tech unicorns are worth less than 1 Facebook
We compared the total aggregate value of US tech unicorns vs some of the largest companies in the Nasdaq 100. Here's how they stack up.
Have a great week ahead.
Thanks,
Anand
@asanwal
P.S. I'm going to be giving the keynote at the Reseau Capital conference this Wednesday in Montreal. If you'll be there, please let me know and hopefully, we can catch up. My keynote will, of course, be about unicorns, bubbles and Series A crunches.
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