#1/2019

“The man who does not read good books has no advantage over the man who can’t read them.”

Deals

Webflow Raises $72M Series A, Continuing The Trend Of Outsized Early-Stage Rounds (crunchbase.com) + their story (webflow.com)
  • Gives more people the ability to create powerful websites and applications without having to write code
  • Over 45,000 customers, including Dell and HelloSign, Webflow says it is profitable and, according to Forbes, has been for two years with annualized revenue of over $20 million

Seattle Startup Remarkably Gets $4.1M to Market Real Estate Software (xconomy.com)
  • Remarkably’s digital tools are designed to help users track leasing, occupancy, revenue, and cash-flow data, among other metrics

Statespace picks up $2.5M to help gamers train (techcrunch.com)
  • Aim Lab is meant to mimic the physical rules of a game to give gamers a practice space where they can improve their skills
  • Alongside growing Aim Lab, which is on track to soon reach 1 million users, one of the company’s main goals is to create a standardized metric by which gamers’ skills can be measured

Congratulations Crosschq on Raising a $4.1M Seed Round, Led by GGV Capital (goinglongblog.com)
  • Crosschq is bringing an enterprise SaaS platform to market to reduce people risk by providing fast, transparent and bias-free data about prospective job candidates
  • Crosschq first launched its solution in January of 2019.  Despite the short time in the market, the company has amassed a strong, loyal and growing customer base including the likes of Eventbrite, Nerd Wallet, DialPad and Billtrust

UiPath acquires Ukrainian automated process documentation startup StepShot (tech.eu)
  • Lviv, Ukraine-based startup that specialises in automated process documentation. 
  • StepShot was hitting almost $500,000 in annual revenue from hundreds of customers

Spaceflow získalo 41milionovou investici. Teď hodlá posílit v USA a Británii (tyinternety.cz)
  • Od fondu Credo Ventures s přispěním inkubátoru UP21 a venture kapitálového fondu Day One Capital (HUN). Vedle posílení v USA a Velké Británii díky penězům rozšíří produktový tým, který se bude podílet na dalším rozvoji platformy
  • Ve Spaceflow vidíme ideální kombinaci schopného, ambiciózního týmu a snadno škálovatelného produktu, který se dá snadno implementovat napříč jednotlivými segmenty v rámci celého odvětví,” říká Pavel Jiránek z Credo Ventures.

Reading

Health Facts Aren’t Enough. Should Persuasion Become a Priority? (nytimes.com)
  • More than 90 percent of people, opposed GMO use. This belief is in conflict with the consensus of scientists. Almost 90 percent of them believe G.M.O.s are safe
  • "Those who were most opposed to genetically modified foods believed they were the most knowledgeable about this issue, yet scored the lowest on actual tests of scientific knowledge. In other words, those with the least understanding of science had the most science-opposed views, but thought they knew the most."

To fly or not to fly? The environmental cost of air travel (dw.com)
  • "As little as 3 percent of the global population flew in 2017, and at most, only about 18 percent have ever done so.
  • According to International Civil Aviation Organization (ICAO) estimates, there were 3.7 billion global air passengers in 2016
  • Single person taking one roundtrip flight from Germany to the Caribbean produces the same amount of damaging emissions as 80 average residents of Tanzania do in an entire year

Peter Thiel's Religion (perell.com)
  • Influenced by Rene Girard’s Mimetic theory
  • “Peter Thiel is a contrarian, first and foremost. You just have to remember that contrarians are usually wrong.” - Jeff Bezos
  • "The cliche goes like this; live each day as if it were your last. The best way to take this advice is to do exactly the opposite: live each day as if you would live forever.”

Which categories of Seed startups are thriving (tomtunguz.com)
  • Hot: AI, blockchain, fintech, food and beverage, software
  • Cooling: Advertising, analytics, big data, social media

In case you are interested in helping us with evaluating some companies and industries or you just want to discus any of these articles, feel free to reach out to Roman from Presto Ventures at roman@prestoventures.com or Linkedin.

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