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The Big Ones SoftBank's Vision Fund 2 co-led a $600m series D round for UK-based surgical robotics technology developer CMR Surgical with healthcare investment group Ally Bridge, while Cambridge Innovation Capital, the patient capital fund formed with the support of University of Cambridge, also participated. GE Healthcare, a subsidiary of power and industrial technology conglomerate … Continue reading "05 July 2021 – CMR Surgical Raises $600m in Round Led by SoftBank's Vision Fund 2" The post 05 July 2021 – CMR Surgical Raises $600m in Round Led by SoftBank's Vision Fund 2 appeared first on Global Venturing Review.
Brandless launched in 2017. Raised almost $300 million in funding (including $240 million from SoftBank's Vision Fund). Now, they have shut down. The vision of Brandless was to sell plain label products at a significant discount. The discount coming from the fact that there are no expensive branding costs built into the pricing, as you would have with the major FMCG brands. No doubt the failure is due to multiple factors. Regardless of the reason, it is a lesson for all future brands, that just being an 'anti-brand' is not enough. All brands need to have a purpose. If not, their future is tenuous. A great example of plain label brand that does have a purpose is Thank You. Here's a link to their story. Please do check them out. https://thankyou.co/ #brandpurpose #brandless #brand
This week's bonus features a skeleton crew of Riley, Alice, and Hussein on a few topics that deeply moved us. Well, one at least: it sounds like SoftBank's Vision Fund is going to get a lot less weird, which means less content for us. But we can still reflect on the good times! If you want to hear the full episode, get it on Patreon here: https://www.patreon.com/posts/34173374 *WEB DESIGN ALERT* Tom Allen is a friend of the show (and the designer behind GYDS.com). If you need web design help, reach out to him here: https://www.tomallen.media/ *COME SEE MILO*If you want to catch Milo’s stand-up on tour, get tickets here: https://linktr.ee/miloontour *BRISTOL LIVE SHOW ALERT* Come see us perform at Bristol Transformed 2020 -- we’ll be performing on the night of Friday, March 6 (with more details to come later). Get tickets here: https://www.headfirstbristol.co.uk/#date=2020-03-06&event_id=58254 *LONDON LIVE SHOW ALERT* We’ll be playing at Vauxhall Comedy on Wednesday, March 11 at 7.30 pm! Tickets are £12, and you can get them here: https://www.eventbrite.co.uk/e/trashfuture-live-tickets-91817874735
Bloomberg News Senior Trade Reporter Shawn Donnan and Bloomberg News Metals & Mining Reporter Joe Deaux discuss how trade tariffs have delivered a short-term win for U.S. Steel. Bloomberg News Editor-at-Large Erik Schatzker discusses Druckenmiller "timidly" embracing risk again. Lonne Jaffe, Managing Director for Insight Partners breaks down the 2020 VC outlook. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Venture Capital Reporter Sarah McBride share their insight on SoftBank's Vision Fund culture of recklessness. And we Drive to the Close with Craig Hodges, co-portfolio manager of the Hodges Fund. Hosts: Carol Massar and Jason Kelly. Producer: Doni Holloway.
WeWork has been front of mind over the past few weeks. The office space leasing company funded by Softbank's Vision Fund had expected a $47 billion value at IPO. Instead, the company had to pull its IPO as its expected value dropped to below $20 billion. Days later, the company dismissed the co-founder and CEO Adam Neumann. After pulling the IPO, questions have now arisen about WeWork's ability to stay solvent. Some estimates suggest WeWork may run out of cash within the year (for context: in 2018, WeWork lost $1.8 billion or $200k every hour). In this episode of Equity Mates, we make the case that WeWork is just the tip of a VC-fuelled, over-inflated iceberg. In fact, over the last few years a number of unprofitable unicorns (a unicorn is a private tech company valued at $1 billion or more) have gone public. It seems that public market investors are not as tolerant of companies that lose money, and this has been reflected in their share price. To give you an sense of what we're discussing, below is a list of a few companies mentioned in this episode and their share price movement since IPO (price as of recording date): • WeWork pulled IPO • Uber down 29% • Lyft down 50% • Slack down 33% • Spotify down 21% • Snapchat down 46% • Dropbox down 31% • Peloton down 19% In this episode you will learn: • How WeWork is just the tip of the iceberg of tech unicorns now struggling in public markets • What led to these inflated valuations in the first place • How the iPhone's release in 2007 sparked a decade-long, venture capital boom • What recent VC megadeals, including deals by Softbank, have meant for these companies • Why now is the time that this VC bubble is ending • How public market investors should think about these events Remember, our live show are coming up fast. Register for free today so you don't miss out. • Melbourne - Wednesday 23 October - 6pm • Sydney - Tuesday 29 October - 6pmFor all the details and to register: https://equitymates.com/finimize/
Having raised at a unicorn valuation from SoftBank's Vision Fund and Kleiner Perkins, Alex Garden and his team at Zume are revolutionizing the way we consume food. In today's episode, Alex and I discuss everything from the unit economics of restaurant delivery to saving the world from global climate change. And within our broad conversation, we dive really deep into how Zume is using robotic preparation and mobile kitchen deliver to provide both consumers and restaurants with a higher quality, better tasting and cheaper experience. We also get into the nitty gritty of how Alex and his team think about KPIs and metrics, and how data-driven decisioning serves as the cornerstone of Zume’s business.
In Episode 306, Tim Culpan, columnist from Bloomberg, joined us in a conversation to discuss the tech cold war. Starting from the definition when the event started with US ban on Huawei, Tim explained how the global technology supply chain will be affected in the process from Foxconn, TSMC to Apple. Tim also offered his perspectives on the recent change in leadership within Foxconn, Alibaba's listing in Hong Kong as a hedge and the impact fo the tech cold war on SoftBank's Vision Fund. Here are the interesting show notes and links to the discussion (with time-stamps included): Tim Culpan (@tculpan, Linkedin, Bloomberg), Columnist at Bloomberg [0:17] Since our last conversation, what have you been up to? [0:31] The Tech Cold War [0:58] You have recently written that May 19 is an important date for the turn of China and US relationship starting with Huawei placed on the ban, why do you characterize it as the tech cold war? [1:03] Is it way past the Thucydides Trap now for US and China? [3:14] With the US and China trade war breaking the global supply chain, particularly its implications to Huawei, Apple, TSMC, Foxconn and many others involved? [3:34] Is Alibaba’s upcoming listing in Hong Kong Stock Exchange a way to have a hedge against themselves in the US market? [6:32] Let’s start with Foxconn, can you describe the interesting happenings in the Foxconn leadership because of Terry Gou’s decision to run for the Taiwan Presidency and what does it mean for the company? [9:27] Given your understanding of Terry Gou and if he wins, what will he be like as the Taiwan president? [11:25] Does everyone shares Masa’s vision with Vision Fund? [13:50] What does the tech cold war means for SoftBank given that the fund invests in both US and China? [15:51] Are we in a peak SoftBank? [17:29] What are your thoughts with Masa’s recent floating of an idea to float the Vision Fund public? [18:42] What will we be expecting in the next couple of months or what should we look out for with the tech cold war coming? [19:45] Closing [22:00] Can you recommend a book, movie, podcast or anything else that has recently impact your personal or work life? [22:08] Tim's recommendation: The 996 Podcast by GGV Capital & The Extramilest podcast. Where can my audience find you? [23:06] Podcast Information: RSS Feed Apple Podcasts Himalaya Spotify Libsyn Google Play Overcast FM SoundCloud Luminary Twitter Facebook Video Facebook Page Linkedin Stitcher Castbox RadioPublic Acast PodBean ListenNotes TuneIn The show is hosted by Bernard Leong (@bernardleong & weibo) until 30 June 2019 and are sponsored by Ideal Workspace (Twitter, Facebook and LinkedIn) with their new Altizen Desk (Twitter, Facebook, Medium). Sound credits for the intro music: Taro Iwashiro, "The Beginning" from Red Cliff Soundtrack and this episode is edited by Carol Yin, and co-produced by Carol Yin and Bernard Leong. This episode is recorded in June 2019.
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines. Good news! Kate and Alex were both back in the studio this week. And even better news, the new TechCrunch studio is big and soundproof and pretty nice, really. But enough about all of that, let's get into the news. First, a rapid-fire look at some recent items: Thumbtack is raising a Series H at a flat valuation. Bird is acquiring Scoot, which is unsurprising and probably smart. Google is buying Looker and we don't really have much to say about it other than its linear funding history is picture-perfect. And Mirror, the bike-free Peloton cognate, is raising money at a higher valuation. From there we turned to four material topics. First up, the Peloton IPO news. Everyone's favorite fitness tech company is going public. We were expecting this, still, we're excited. For now, all we have is a lousy press release announcing the IPO. Sit tight, the S-1 will come soon enough. Next, we turned to a topic near and dear to the heart of this show: SoftBank's Vision Fund. The second Vision Fund, to be precise. Rumors indicate the folks behind the first Vision Fund are having a harder time than expected nailing down new money for a sophomore vehicle. If the second Vision Fund doesn't come to be, what happens to late-stage startups? Those folks are dependent on huge chunks of cash and had gotten used to a new normal: large, late-stage funds doling out IPO-sized rounds to companies still too immature to go public. Without the promise of SoftBank's money, might we see an uptick in IPOs? Or an increasing number of late-stage companies floundering for capital? Will everything fall apart? Speaking of messes, the folks behind Social Capital that got left behind when their venture firm became a family office are back with something new. Tribe Capital is raising $150 million fund. Kate detailed the firm here but here's the TL;DR, Tribe has hired a bunch of former Social Capital partners and they are essentially rebuilding Social Capital sans Chamath Palihapitiya. Finally, the pace at which female-founded startups are reaching unicorn status is accelerating, big time. That's good news. If the speed of new, female-founded unicorn creation continues at this pace, we're in for some record results. Oh and lastly, if you have a suggestion regarding who should come on Equity as a guest this summer, we're taking tips at equitypod@techcrunch.com. Let us know. Equity drops every Friday at 6:00 am PT, so subscribe to us on Apple Podcasts, Overcast, Pocket Casts, Downcast and all the casts.
In this episode, recorded May 9th, 2019 hosts Elliott Zaagman and James Hull are joined by Shai Oster, Asia Bureau Chief of The Information, to discuss SoftBank, the potential Vision Fund IPO and what may be the top of the tech-infused market cycle. The hosts also briefly touch on the ever-fluid trade rift, Trump tweets and discuss how gaming regulations, which prohibit blood in games, have turned Tencent’s mobile game, the Battle Royale shooter PUBG, into Game of Peace (or Peace Elite) and the funny reactions on Weibo. The China Tech Investor podcast is powered by Technode. Please note, the hosts may have interest in some of the stocks discussed. The discussion should not be construed as investment advice or a solicitation of services. Watchlist: Tencent Alibaba Baidu iQiyi Xiaomi JD.com Pinduoduo Meituan-Dianping Guests: Shai Oster – The Information Hosts: Elliott Zaagman – @elliottzaagman James Hull – @jameshullx Editor Peter Isachenko Podcast information: iTunes Spotify RSS Feed Music: “Hey Ho” by Steve Jackson, Royalty Free Music
Patrick Jenkins and guests discuss Metro Bank as its shares fall to an all-time low, Hong Kong's fintech challengers, and why SoftBank's Vision Fund has invested in UK private finance shadow bank Greensill. With special guest, John Cronin from Goodbody stockbrokersContributors: Patrick Jenkins, financial editor, Nicholas Megaw, retail banking correspondent, Stephen Morris, European banking correspondent, and Rob Smith, capital markets correspondent. Producer: Fiona Symon See acast.com/privacy for privacy and opt-out information.
Today we are discussing the Steps to building & scaling headcount in growth mode. Making sure that execution & time to fill are aligned. Today’s Quote: "Growth is never by mere chance; it is the result of forces working together." - James Cash Penney Show Guest: Brendan Rogers, Co-Founder & Leading Recruiting of Wag Labs, has raised over $360 million in venture capital, most recently $300 million from Softbank's Vision Fund. Wag! connects pet parents to dog walkers and is currently live in over 110 U.S. cities. He co-founded a social discovery service to meet new people which grew to over 50 million users in over 10 countries and was acquired by IAC in 2014. Brendan's next big event will be speaking at the ERE Conference on April 22-24th. Episode Highlights: How to ramp up from 0 to hero Steps to put in place to avoid making hiring mistakes You company closes your first round of funding 10 -12 roles from Nothing no resources & no systems in place Spreadsheets, manual task-oriented, process Preparation before go mode Building out pipelines, similar spaces, consumer-related companies. How to avoid making the wrong hire. How to scale for maximum impact Tools needed. Process in place, a foundation to scale. Get really good at identifying the right people, connecting the dots, sourcing- research He does a ton of research, knows his space. Strive to keep quality really high. Target specific businesses. Action Plan & Execution First hire should be a recruiter Identify what is needed & write job descriptions Right messaging Tackled building pipeline, hired.com Spreadsheet Hired a recruiter, brought in an ATS (applicant tracking system) First: Get an ATS system first! -like Newton, Google (hire with Google) Greenhouse, lever - take open requirements and intake with each hiring manager. Know the roles from top to bottom Second: Build a pipeline, training managers on how to use the ats, become partners with the hiring managers Third: Hire a recruiter only after 5+ open roles. Admin- for cost savings Having a foundation will only help you to scale. Key Take-Aways Be best friends with your Hiring Managers Be on top of everything Always be available Invest in the right tools
Tony Xu, the CEO and co-founder of DoorDash, and Christopher Payne, the COO, talk with Recode's Kara Swisher about how the delivery company's busy 2018 and why it's starting to think about delivering more than food. In this episode: (01:41) Where DoorDash is now and the delivery business; (05:25) Is Amazon a competitor?; (08:07) Xu and Payne's backgrounds; (11:32) Why DoorDash succeeded where Webvan failed; (15:10) Working with big restaurants and why they don't do it themselves; (21:03) How DoorDash makes money; (25:53) The gig economy and the future of work; (30:48) Where the business could go beyond food delivery; (34:09) Why Xu started DoorDash; (36:08) The current startup environment and the image of tech; (39:31) What does it take to be an entrepreneur now?; (43:05) Raising money from SoftBank's Vision Fund; (44:55) The future of DoorDash and the future of retail stores; (50:51) Trends in shopping and the delivery business Learn more about your ad choices. Visit megaphone.fm/adchoices
What's next for Goldman Sachs, Uber's plans to go public and the future of SoftBank's Vision Fund. FT companies editor Tom Braithwaite takes us through three of the big stories he'll be following in 2019. See acast.com/privacy for privacy and opt-out information.
Brooke Sutherland, Bloomberg Opinion Deals Columnist, and Jim Corridore, Equity Analyst at CFRA Research, discuss General Electric ousting CEO John Flannery just over a year into his tenure and replacing him with renowned turnaround expert Larry Culp. Selina Wang, Bloomberg News Global Technology Reporter, shares details of her Businessweek Magazine story on Softbank's Vision Fund. Max Chafkin, Bloomberg Businessweek Features Editor, and Dana Hull, Bloomberg News Tech Reporter, talk about Tesla bouncing back after Elon Musk settles with the SEC over his tweet about going private. David Welch, Bloomberg News Detroit Bureau Chief, talks about GM’s latest Cadillac reinvention. And we Drive to the Close of the market with Jim Sarni, Managing Principal at Payden & Rygel. Hosts: Carol Massar and Jason Kelly. Producer: Paul Brennan
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast where we unpack the numbers behind the headlines. This week Matthew Lynley and Alex Wilhelm were joined by 500 Startups CEO Christine Tsai for what turned out to be a super packed episode. We kicked off with the latest from Slack: $400 million new dollars at a shiny, new $7 billion valuation, according to TechCrunch. The new capital comes after the firm raised a huge sum last year from SoftBank's Vision Fund. We dug into why the company would raise again, and what competitors it has left after the Atlassian deal. Next up, two earnings reports. Continuing our tradition of keeping tabs on recent tech IPOs, we talked through Snap and Dropbox which reported earnings this week. Both lost ground after doing so. Ironically, they each beat financial expectations. Snap ended up dropping value over a DAU decline, and Dropbox's fall is still a bit undetermined. But by the time this episode ships, perhaps the market will have figured it out. Next up we scrolled through the key reviews of the commercially available Magic Leap headset that is out at last. It's a bit pricey, and a bit not-what-people-expected, but the well-funded startup seems to have avoided a complete miss. Its second-generation device may prove to be more impactful. And finally, big news from China. As has become the norm on Equity, a few big Chinese rounds captivated us. This time it was the Manbang news, and what's going on at Bytedance. All that and we'll be back in a week's time. Stay cool!
The co-working and office providing company set out to create the office of the future and has caught the attention of big investors, including SoftBank's Vision Fund. Will office subleasing open the door to profit for WeWork? With FT guests Dan Thomas and Alex Scaggs. Read more from Dan and Alex at FT.com. Music by Podington Bear. See acast.com/privacy for privacy and opt-out information.
This week Matthew Lynley and Alex Wilhelm were joined by General Catalyst's Steve Herrod, who helped us dig through the week's biggest news. As a group, we looked at Wag's mega-round, a $300 million infusion from SoftBank's Vision Fund. The scale of the capital was surprising, though the round had been rumored previously. What will the company do with the money, and why might it need so much were questions on the top of our minds. Next up was Airbnb's recent executive shakeup and its public notice that it has no IPO in the works in 2018. The company's non-2018 flotation puts at least one unicorn outside of the year's potential IPO crop. That said, there are other unicorns that should go public this year. On the subject of public companies, we tooled over Amazon's huge quarter and its subsequent share-price rise. Apple also reported earnings, giving us a host of questions around what counts as success for a company that is so big, so valuable, and so profitable.
Shai Oster, Asia Bureau Chief at The Information, joined us in a conversation to review the state of North East Asia in 2017. We discussed the five major events: SoftBank's Vision Fund, the expansion of Alibaba and Tencent into Southeast Asia and India while battling Google & Amazon in these open markets, China's imposing tougher regulations on both local & foreign tech companies, the ties between US & China tech companies, and the rise of Toutiao, Meituan-Dianping and Didi, with an additional conversation on Xiaomi's upcoming IPO in 2018.
Bloomberg Markets with Carol Massar and Cory Johnson. GUEST: Erin Zlomek Editor Bloomberg VC Wrap Discussing this week's venture capital deals news, with Courtney Cytryn, Bloomberg News M&A Global Data Analyst, including record funding for SoftBank's Vision Fund. Investors in the fund include Apple, Foxconn, Qualcomm, Sharp and the Public Investment Fund of Saudi Arabia.