Copy
View this email in your browser

Greetings from Foster City!

As you undoubtedly have been reading, COVID-19 cases in the United States are spiking. Although San Mateo County appears to be the most “open” county in the Bay Area at this point, Geodesic believes this is a fluid situation and we are going to proceed cautiously. Thus, since we are able to work effectively remotely, we will continue to do so. Most businesses who have offices in our high rise are also choosing not to return to the office at this time. We are planning on re-evaluating our plans in September around Labor Day. We plan to hold our annual meeting virtually in September. We will have more details about that in the coming weeks.

We also understand that many of your companies have some concerns about the recent Presidential Proclamation concerning the processing of certain visas. According to our reading of the President’s Proclamation, the processing of new visas in many categories, including H-1B, H-2B, L and several J categories, is suspended until the end of the year. However, if you were in the United States on June 24, 2020 and hold a valid visa as of June 24, 2020, you are not subject to the proclamation. We understand the concern that some of your staff members may have about traveling abroad and returning. From what we currently understand, current visa holders should be able to be re-admitted to the United States after travel abroad (subject to whatever quarantining rules apply) but to be cautious, you may want to wait to read the enforcing agencies’ regulations and future guidance that should be coming out shortly. We will continue to monitor this issue.

As always, the Geodesic Team hopes you, your family and friends continue to stay safe and healthy.

All our best,
Susie and the Geodesic Team

Geodesic & Our Portfolio Companies

Recent Geodesic Article by Brent Wu
Unlocking Value From Your Venture Capital Partnerships
When founders consider VC funds, there's a great deal of focus on the investing side, but that doesn't capture their entire value. The LP base is a hidden asset, that leveraged correctly, can play a critical role in driving value for a founder. Brent Wu, CFA shares why LPs matter and how they can be a critical asset to founders and their teams.
READ MORE

Tanium Announcement
Salesforce Invests in Security Software Provider Tanium at $9B Valuation
Salesforce's venture arm invested around $100M in Tanium, increasing its valuation to $9B. "Tanium’s technology gives IT teams visibility into all those devices that employees are now using from home, an issue that’s becoming more important by the day as the coronavirus pandemic drags on and companies keep their staffers out of the office."
READ MORE

Marqeta Announcement
Marqeta’s Valuation Jumps to $4.3B With New $150M Funding Round
Marqeta raised a fresh $150M round of capital, increasing their valuation to $4.3B. "Marqeta provides infrastructure and tools to help companies build and manage payment programs. It touts customers including Square, Uber, Affirm, Instacart and DoorDash."
READ MORE

Databricks Announcements
Databricks was Ready for the Recession. Now the Start-up is Poised to Go Public Next Year
Over the last three years Databricks performed internal exercises to monitor how they would stand up to an economic collapse. Their attention to detail and planning saved them from needing to lay off any of their 1,300 employees amid COVID-19. Their team is now readying to go public in 2021.
READ MORE

Databricks Acquires Redash, a Visualizations Service for Data Scientists
Databricks announced the acquisition of Redash. "[Redash is] a company that helps data scientists and analysts visualize their data and build dashboards around it." Redash is based in Tel Aviv, Israel and never raised any outside funding. Their customers include Atlassian, Cloudflare, Mozilla and Soundcloud. 
READ MORE

Marqeta, Databricks, Airbnb, and UiPath Highlighted
These are the 2020 CNBC Disruptor 50 Companies
Marqeta, Databricks, Airbnb, and UiPath were included in the 8th annual CNBC Disruptor 50 List. "CNBC identifies private companies whose breakthroughs are influencing business and market competition at an accelerated pace. They are poised to emerge from the coronavirus pandemic with tech platforms that have the power to dominate."
READ MORE

Aurora in the News
Aurora’s Trucking Bet Shows Industry Shift From Robotaxis
Aurora is leading the charge in shifting focus within the autonomous vehicle space from cars to trucks and delivery vehicles. “If you want to get to market with a safe system quickly, you can do no better than to start in trucking.”
READ MORE

Netskope in Report
The Future of Network Security is in the Cloud
Netskope was included in Gartner's recent report on network security. The report highlights the importance of security-as-a-service (SASE) capabilities for cloud technology to protect user data, pinpointing vendors like Netskope that provide SASE.
READ MORE

Airbnb in the News
Airbnb is Poised for a Comeback After a Brutal Spring
Airbnb saw annualized growth on bookings in the US for the first time since February. Their team is optimistic that in a post-COVID world more travelers will prefer their accommodations to hotels, as a safer option.
READ MORE

What to Watch

Mobility Innovations: What Do VCs, Accelerators, and Corporates Think?
Topic: We're joining Keizai SV for a virtual event to explore the rapidly changing innovations in mobility. Catch our own Morgan Livermore on their panel discussion focused on investors' take surrounding autonomous vehicles, flying taxis', electric scooters + more.

Date: Wednesday, July 8th @ 5 PM PT

Register
Twitter
LinkedIn
Website
Copyright © 2020 Geodesic Capital, All rights reserved.


Want to change how you receive these emails?
You can update your preferences, subscribe, or unsubscribe from this list.

Email Marketing Powered by Mailchimp