Showing posts from March, 2020


“Stocks take the staircase up and elevator down.” • proverb Deals Smart Addressing Platform UNL Secures $2m in Early Stage Funding ( ) Adding a programmable layer to real-life locations, UNL is building the Internet of Places, serving as an infrastructure for the location-based service economy. Making any location a point of sale, delivery, and payment. The Internet of Places is a trusted network where real-life locations are coupled with their smart UNL digital doppelgangers to power next-generation hyper-local experiences, applications, and micro-services on top of the UNL infrastructure. News Straight talk on VC fundraising today - Angular Ventures is “open for business” but what does that really mean in the age of Coronavirus? ( ) Few growth stage bankers started reaching out to me (at Angular, a very early-stage fund) to see if we want to join $10M rounds. That means they are running out of options and making totally irrati


“What do you call a stock that’s down 90%? A stock that was down 80% and then got cut in half.” • David Einhorn Deals Epic Games Adds Cubic Motion Startup To Company Portfolio ( ) Cubic Motion’s technology helps make facial animation in video games and movies more lifelike. The acquisition of Cubic Motion will complement 3Lateral, another company Epic Games bought in January 2019. 3Lateral makes technology to digitize human appearance and motion to look lifelike. “Digital humans are not only the next frontier of content creation, but also the most complex endeavor in computer graphics.” Presto: We are currently looking at this sector more towards complimentary companies to these kinds of businesses as we see a lot of opportunities in this sector. Refurbished electronics startup Refurbed raises $17 million round, led by Evli Growth Partners ( ) Refurbed is a marketplace for renewed phones, laptops and tablets. The devices are renewed th


“Everything we do before a pandemic will seem alarmist. Everything we do after will seem inadequate.” • Michael Leavitt Deals SEO platform DeepCrawl raises $19M in Series B round ( ) DeepCrawl has developed a robust web crawler that empowers marketers and SEO experts with actionable data-based insights to diagnose and fix technical issues, increase website visibility, and ultimately win more organic traffic and revenue. The company is trusted by 54% of enterprise brands, as well as all six major global agency networks to monitor and improve site performance across digital properties. Superpeer raises $2M to help influencers and experts make money with one-on-one video calls ( ) With Superpeer, experts who are interested in sharing their knowledge can do so via remote, one-on-one video calls. They upload an intro video, the times that they want to be available for calls and how much they want to charge for their time. Superpeer lau


“It’s OK to not have an opinion on topics you don’t know anything about." • Morgan Housel Deals Berlin-based hotel startup SuitePad closes 7-digit round of funding to accelerate global expansion ( ) A provider of in-room tablets for the hotel industry to develop a modern hotel room operating system with key functionalities such as centralized room control, hotel room telephone and TV solutions. Currently used mainly in private and chain hoteliers from Germany, Austria and Switzerland, but also has hotels in 8 other countries. Presto: I believe there is a lot of potential in adding different functionalities to the tablet and monetizing current user base, so this will be very interesting to watch how it is going to develop. Also I believe the round size is €3 million. Overstock’s VC Wing Leads $8.2 million Funding Round in GrainChain ( ) A commodities tracing platform that uses smart contracts to open up liquidity for low-income farm


“Organized competitive fighting trains the athlete to focus on the game and, in order not to dissipate his concentration, to ignore the possibility of what is not specifically allowed by the rules, such as kicks to the groin, a surprise knife, et cetera. So those who win the gold medal might be precisely those who will be most vulnerable in real life.” • Nassim Taleb Deals Intuit confirms that it is buying Credit Karma for $7.1B in cash and stock ( ) Intuit — the accounting, tax filing and financial planning software giant behind QuickBooks, TurboTax plans to acquire Credit Karma with over 100 million users. Intuit already has questionable reputation with lobbying the government to scale back free tax filing that if offers. Opinion: Company with proven monetization model is acquiring a user company (Facebook x Instagram parallel) and should be blocked — acquiring for users is inherently more problematic than acquiring for capabilities. Currently, there i