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Hi there,
Looks like folks have forgotten how to make introductions so I'll leave this PSA right here. If you are introducing two people and are not a terrible person, you should be using the double opt-in intro.
Here's some not so great news for VCs...
There are tons of new private unicorn companies and "private IPOs", but the IPO market is lukewarm and unicorn M&A exits have fallen off a cliff in 2015 vs 2014. Ruh roh.
Will the Virtustream acquisition by EMC today for $1.2 billion change things? (Note: post published yesterday prior to EMC acquisition)
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I'm going back to Cali...to Cali...to Cali
I will be speaking at 500 Startups' PreMoney conference in San Francisco on Friday, June 12th and will be in SF for the whole week. We'll be hosting a few dinners and lunches for clients and our friends in the media. If you're in corporate VC, M&A, innovation or tech scouting and would be interested in attending, let me know.
Also, if you have any recommendations on good restaurants with private rooms for 15-25 folks, I'd welcome the help.
BTW, use the code CBINSIGHTS for $150 off PreMoney registration.
Europe is calling
More US venture capitalists are doing deals in Europe. 2014 saw US VC participation in Europe hit a record and 2015 is trending towards a new record.
Woe is me
As a startup founder, I get that startups are hard.
But I wish that a vocal and very annoying minority of startup founders would stop suggesting startups are some heroic, noble and courageous endeavor.
The narrative of startups vs. the world and changing of the world is great, but startup founders are mostly middle-class and up folks with good educations. They have safety nets or at worst, are highly employable (even if having a "real job" sounds terrible).
Raising funding and paying yourself $70k or $120k or $200k is not some crazy risk. Sure, you could have made more money as an i-banker or a consultant. But leaving some money on the table to build a company which could make you much more wealthy and presumably which you enjoy doesn't make you a hero or make startups as a path more noble or important than others.
So can we give the self-aggrandizement a bit of rest?
Fin tech goes after all the special flowers
Millennials are increasingly being targeted by a host of fin tech startups. To-date, $2.29 billion has been invested in 126 deals to fin tech startups who have the millennial market in their cross-hairs.
We break down the startups going after millennials - a demographic segment larger than the baby boomers. In particular, many are targeting affluent millennials aka HENRYs (High Earning, Not Rich Yet). You won't forget that acronym ever btw - you're welcome.
On the topic of millennials, here is a not very useful Chrome plugin that replaces the text 'Millennial" with "Snake People" in articles.
Have a great rest of the week.
Thanks,
Anand
@asanwal
P.S. Boom - we just crossed 78,000 newsletter subscribers. Here's our entire newsletter archive.
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