Page 39 - Forerunner Ventures News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spring is here, arms are getting jabbed across the country, and in Silicon Valley the mood is feverish. Every day brings news of big-ticket startup funding deals, eye-popping valuations, and fresh stock listings. It's not as if Silicon Valley was struggling to attract capital before. But with the tech business having proven surprisingly impervious to the pandemic, an emboldened industry now seems convinced that the re-opening will bring only more good times.  Samantha Lee/Insider As Becky Peterson reports: "When a startup raises a smaller round at a lower va...

A startup fever is sweeping Silicon Valley aoreskovic@businessinsider.com (Alexei Oreskovic) Hello, and welcome to this week's edition of the Insider Tech newsletter, where we break down the biggest news in tech, including: Spring is here, arms are getting jabbed across the country, and in Silicon Valley the mood is feverish. Every day brings news of big-ticket startup funding deals, eye-popping valuations, and fresh stock listings. It's not as if Silicon Valley was struggling to attract capital before. But with the tech business having proven surprisingly impervious to the pa...

Cendana has raised a $30 million ‘fund of funds’ for VCs managing $15 million or less Cendana Capital, a San Francisco-based fund of funds manager, has amassed stakes in more than 100 venture firms since launching in 2010. For the most part, it did this by focusing on managers who are raising funds of $100 million or less in capital, even foregoing stakes in beloved outfits like Forerunner Ventures and IA Ventures as their assets under management ballooned well beyond that amount. Yet as the market changed, Cendana founder Michael Kim began to play with that formula. Last spring, for exam...

Share The 2020s are on course to become the decade of the special purpose acquisition companies (SPACs), also known as "blank check" or "shell" companies. SPACs are set to outpace IPOs once again in 2021, after a record year that saw SPACs mature from a once obscure method of going public to a rabid, flavor-of-the-month frenzy amidst both institutional and retail investors. The year of COVID-19 saw 227 SPACs top traditional IPOs for the first time in history, raising $76 billion, compared to 67 billion raised from traditional IPOs. The first two months of 2021 have so far generated 144 S...

Matt Cheng This story is available exclusively to Insider subscribers. Become an Insider and start reading now. Matt Cheng is the founder of Cherubic Ventures, an early-stage VC firm based in Taipei, Taiwan. Cheng is an early backer of some of Silicon Valley's hottest companies like Hims, Calm, and Flexport. "What makes me special is, I always write the check at the first meeting," Cheng tells Insider. When former tennis pro-turned-VC Matt Cheng writes a check, Silicon Valley's top venture firms notice. Cheng, 44, is the founde...