Venture Capital

Venture Capital: Mark Cuban-Backed Company Completes $3 Million Round

Nohbo, a company backed by billionaire Mark Cuban on Shark Tank, has completed a $3M in a Series Seed funding round. Material Impact, a venture capital firm that invests in novel materials that can be used to grow a business and Safer Made, a firm the invests in ways to make existing products safer, led the round. Cuban also participated in the round and added to his initial investment.

Venture Capital: Sequoia Capital Sounds Alarms About “Black Swan” Coronavirus

Sequoia Capital issued a huge alarm this week in a memo to founders and the CEOs of its portfolio companies. “Coronavirus: The Black Swan of 2020” discusses the impact of falling business activity, supply chain disruptions, and travel challenges. “With lives at risk, we hope that conditions improve as quickly as possible,” the memo reads. “In the interim, we should brace ourselves for turbulence and have a prepared mindset for the scenarios that may play out. Below is the full version of the letter, which is very relevant to almost any small business or startup in the country. 

CrunchBase: VC Deal Volume in 2019 Doesn’t Quite Match 2018

CrunchBase says that between 2010 and 2019, roughly $1.5 trillion spilled into VC deals. The bulk of that figure came from an acceleration of deal-making over the last few years, the report says. The report states that deals came in at $322 billion in 2018, with a huge uptick in late-stage investment. CrunchBase expects that 2019 VC deal-making will total $294.8 billion, which would be the second-largest figure on record.