The complicated calculus of taking Facebook’s venture money – TechCrunch

[ad_1] Facebook is reportedly getting into the venture capital game, but for young entrepreneurs working in social media, ignoring or deleting that particular friend request could be the right call. According to a report in Axios, the company is building up a corporate fund under the auspices of its “New Product Experimentation” team, which launched…

HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity – TechCrunch

[ad_1] In response to VCs’ sudden rush to invest in more Black founders, Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Among the strategies? Team up with Black firms already doing the work. Some firms have said that they’re going to turn to HBCUvc, a…

Big VCs stacked billions in Q1 while smaller firms saw their haul shrink – TechCrunch

[ad_1] Q2 2020 is the least-certain quarter I’ve ever covered Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between. After spending perhaps more time than we should have recently trying to figure out what’s going on with the public markets, let’s return to the…

Uber pushes adjusted quarterly profit target to 2021 – TechCrunch

[ad_1] Uber has pushed its target to achieve a measure of profitability to a quarter in 2021, reversing a decision made just three months ago to move up the goal to the end of this year. Uber will miss its target to reach an adjusted EBITDA quarterly profit in the fourth period of 2020, CFO…

Autotech Ventures raises more than $150 million with an eye on ground transportation startups – TechCrunch

[ad_1] Autotech Ventures popped on the scene three years ago with a $120 million debut fund and a plan to invest in early-stage ground transportation startups. Now, with investments in 26 startups and a handful of exits, including Xnor.ai, DeepScale and Frontier Car Group, the venture firm is back with a new, bigger fund and…

Introducing the term-sheet grader – TechCrunch

[ad_1] Jamie Goldstein Contributor Jamie is the founding partner of Pillar VC, a Boston-based seed-stage venture capital firm. He has spent the last 22 years investing in early-stage startups. When we launched in 2016, we took the unusual approach of saying we’d buy common stock in startups. We believed then, and still do, that alignment…

Alphabet grew more than expected in Q1, but its ad business saw ‘significant slowdown’ in March – TechCrunch

[ad_1] Today after the bell, Alphabet, parent company of Google, reported its Q1 2020 performance. The company’s $41.16 billion in revenue for the three-month period came in ahead of expectations, besting analyst estimates of $40.33 billion. However, its earnings per share came in under expectations, with the street anticipating $10.38 in per-share profit, while Alphabet…

Punitive liquidation preferences return to VC — don’t do it – TechCrunch

[ad_1] Emergency bridge convertible notes create extreme disincentives for brand new traders Pascal Levensohn Contributor Pascal Levensohn is a San Francisco-based enterprise capitalist with over 22 years of VC expertise by way of Levensohn Venture Partners and Dolby Family Ventures. He is a former director of the National Venture Capital Association. As silently and swiftly…