The tech industry was on its best dang behavior last night at the Crunchies, an annual awards show hosted by the blog TechCrunch.
Dave McClure is a founder of 500 Startups. He says the company has invested $200 million in 1,500 companies worldwide since 2010 and will invest more in Sacramento. He says startups are volatile, which means it’s a good idea to invest in many of them.
Silicon Valley-based accelerator 500 Startups has expanded its team in India to focus on investments in the country and plans to invest in at least two dozen early-stage Indian startups from its global fund in 2016.
The decision to raise US interest rates for the first time in seven years could have negative effects on established startup businesses, investors have said, marking the start a new era of more cautious investment.
ProSky announced today that it raised a $2.3 million seed round led by Lightbank to further develop its product and invest in marketing.
500 Startups may be known for investing in hundreds of early stage companies every year, but it’s not one to walk away from those that need extra help.The firm piloted a program dedicated to helping startups manage growth and marketing in three cities around the world this year. Based on the results of this pilot, 500 Startups has opted to expand the program to more locations in 2016.
The $30 million fund will make small investments in startups based in the region.
Just eight months after raising $40 million from venture capitalists, DoorDash is making another run. The San Francisco food delivery startup is in talks to raise financing at a valuation of at least $1 billion, said people with knowledge of the matter.
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