Bumble, the Popular Dating App, Eyes $6 Billion IPO

2020-10-24T16:18:44+00:00October 23rd, 2020|Start Ups|

Bumble, the popular dating app founded and led by CEO Whitney Wolfe Herd, is eyeing an IPO. The company anticipates a valuation between $6 to $8 billion in 2021. The company will become the latest technology startup seeking to enter the IPO frenzy in the second half of 2020. It [...]

Neuralink Shows Signs of Success and Expands to Austin

2020-10-22T21:50:54+00:00October 22nd, 2020|Start Ups|

Neuralink, Elon Musk’s neurotechnology company, announced plans to expand to Austin, Texas and has been garnering significant media attention lately. Founded in 2016, it is yet another of Musk’s visionary companies generating hype. Neuralink seeks to implant chips in human brains to create brain-chip interfaces with digital devices. The wireless [...]

Venmo Payment App Launches a Credit Card via Synchrony Financial

2020-10-21T21:31:22+00:00October 21st, 2020|Start Ups|

Venmo, the mobile payment app popular among millennials, launched its first credit card at the beginning of October. The initial launch will make the credit card available only to select existing users. Availability will expand to a broader user base in the coming months. The company hopes that directly integrating [...]

Snowflake IPO Raises Record-Setting $3.4 Billion for Software Industry

2020-10-16T20:23:14+00:00October 16th, 2020|Start Ups|

Snowflake, the cloud-based analytic data warehousing startup, became the biggest software IPO in history. Its shares debuted on the New York Stock Exchange (NYSE) on Wednesday, September 16th. It also set a record for becoming the largest company to ever double its share price in a market debut. Backed by [...]

Opendoor Digital Real Estate Platform to Go Public by SPAC

2020-10-13T17:45:36+00:00October 12th, 2020|Mergers & Acquisitions, Start Ups|

Opendoor is the online consumer real estate market startup that is revolutionizing the online consumer real estate market. Privately held, the eompany announced in mid-September that it plans to go public via a special purpose acquisition company (SPAC). SPACs are also commonly known as blank-check companies. They are public entities [...]

Ant Group, Chinese Fintech Giant, Prepares for Largest IPO in History

2020-10-12T17:09:44+00:00October 8th, 2020|Start Ups|

Ant Group Co., the Chinese fintech giant controlled by Jack Ma, is planning a record-setting IPO. The markets anticipate that Ant’s IPO will exceed the record set by Saudi Aramco’s $29 billion IPO. Onlooker estimate that the dual listing will raise about $35 billion, which would make it the [...]

Tesla to Produce Its Own Lithium After Acquisition Falls Through

2020-10-07T03:34:37+00:00October 6th, 2020|Start Ups|

Tesla announced recently that it has secured its own lithium mining rights in Nevada after scrapping a plan to buy a company in the southwestern part of the state. The automaker has been having discussions in recent months with Cypress Development Corporation, looking to extract lithium from clay deposits in [...]

Eyewear Retailer Warby Parker Rsises $245M in New Funding

2020-10-05T20:17:56+00:00October 5th, 2020|Start Ups|

Warby Parker, the popular direct-to-consumer prescription eyewear retailer, raised $245 million in fresh funding in recent months. The new funding is a combination of two previously undisclosed rounds. Durable Capital Partners led a $125 million Series F round in the second quarter of 2020. D1 Capital led a $120 million [...]

Drizly, for Online Alcohol Delivery, Raised $50M in Series C Round

2020-10-16T20:24:09+00:00October 2nd, 2020|Start Ups|

Online alcohol delivery marketplace Drizly raised $50 million in a Series C fundraising round led by investment firm Avenir. Other participants in the Series C round included Tiger Global Management and Polaris Partners. The closure of many bars and restaurants combined with the cancellation of large social gatherings amid [...]

Visual Collaboration Startup MURAL Raises $118M Series B

2020-10-01T22:31:49+00:00October 1st, 2020|Start Ups|

MURAL, a software startup that makes visual collaboration tools for the workplace, raised $118 million in its Series B in August. This amount is particularly remarkable because its $23 million Series A round took place less than a year ago in January 2020. The Series B round was led [...]

Oat Milk Producer Oatly Gains Momentum from $200M Investment

2020-10-01T09:31:19+00:00September 29th, 2020|Start Ups|

Oat Milk Producer Oatly Gains Momentum from $200M InvestmentOatly, the popular vegan milk brand with many celebrity fans, received a $200 million equity investment. Private equity powerhouse Blackstone led a group of investors to inject the equity in July 2020. Other investors that contributed to the $200 million stake included [...]

Robinhood Valuation Surges to $11.2 billion, Fueled by Millennial Investors

2020-10-01T23:32:34+00:00September 17th, 2020|Start Ups|

Robinhood Valuation Surges to $11.2 billion, Fueled by Millennial Investors Robinhood is a popular financial services app that offers commission-free trading. The company boosted its value to $11.2 billion after raising $200 million in its latest Series G round. This represents a $320 million upsize from its last funding [...]

Remitly Grows During Pandemic as Digital Money Transfer Business

2020-09-07T08:26:41+00:00September 3rd, 2020|Start Ups|

Remitly Grows During Pandemic as Digital Money Transfer Business The ongoing COVID-19 pandemic has generated growth opportunities for technology-driven money transfer companies. The Seattle-based digital remittances startup Remitly just joined the unicorn company club, raising $85 million in a Series F round that has propelled its valuation to $1.5 [...]

Diverse Workforces Go Hand-in-Hand with Increasing Innovation

2020-10-01T09:22:51+00:00August 29th, 2020|Diversity, General Counsel, Start Ups|

Diverse Workforces Go Hand-in-Hand with Increasing Innovation Diverse teams produce better business outcomes, yet companies have struggled for years to implement practices that have resulted in noticeable improvements. While progress in most sectors has been minimal, tech companies in particular have struggled to hire and retain women and minorities. [...]

B Corps vs. Benefit Corporations: Understanding the Key Distinctions

2020-10-07T03:38:20+00:00August 12th, 2020|General Counsel, Start Ups|

B Corps vs. Benefit Corporations: Understanding the Key Distinctions The terms “B Corp” and “Benefit Corporation” are often used interchangeably in common parlance, but they have distinct legal meanings. A number of prominent brands including Patagonia, Lemonade, Ben & Jerry’s, Warby Parker and Kickstarter have attained B Corp status. [...]

The Browser Company Raises $5M Seed Round to Compete with Chrome

2020-09-01T01:06:54+00:00July 29th, 2020|Start Ups|

The Browser Company Raises $5M Seed Round to Compete with Chrome The Browser Company, a New York-based software startup being considered a potential competitor to the popular Google Chrome browser, recently raised a $5 million seed round from a number of Silicon Valley heavyweights. This group of high-profile investors [...]

The Series B and C Funding Rounds and SEC Requirements

2020-09-01T07:41:45+00:00April 15th, 2020|Start Ups|

The Series B and C Funding Rounds and SEC Requirements Updated: Apr 23 Part 5 of a series about raising funds for startups: Series B and C rounds and SEC requirements for fundraising. In the past, we’ve written about the five rounds of funding a startup goes through if it [...]

The Series A Round and Capitalization Tables

2020-09-01T07:43:27+00:00March 25th, 2020|Start Ups|

The Series A Round and Capitalization Tables Updated: Apr 23 Part 4 of a series about raising funds for startups: Series A round of fundraising, when a capitalization table becomes more important. In a prior post, we provided an overview of the stages of fundraising in a startup. They are [...]

Shareholder Agreements: Clauses for Startups

2020-09-01T07:44:42+00:00March 12th, 2020|General Counsel, Start Ups|

Shareholder Agreements: Clauses for Startups Updated: Mar 12 When partnering up with other entrepreneurs, it’s helpful to have a shareholder agreement, sometimes called shareholders’ agreement. These agreements are contracts among the shareholders governing corporate actions as well as rights and duties of the shareholders. Such agreements can be entered into [...]

Federal Taxation of Startup Business Entities

2020-09-01T07:54:35+00:00January 7th, 2020|Start Ups|

Federal Taxation of Startup Business Entities Updated: Mar 24 When entrepreneurs ask which business entity to use for their startups, one of the main considerations is limiting liability. The most common types of business entity format are the corporation and the limited liability company (the “LLC”). Because both corporations and [...]

Go to Top