This discussion dives into California's new law requiring venture firms to disclose investment data, stirring contention among investors. There's a focus on ALIAVIA Ventures' initiative to back women-led tech startups and help them enter the U.S. market. The challenges of securing fintech funding in 2023 are explored through Canopy Servicing's recent success. The conversation also addresses the collapse of several startups and the potential for technology to address labor shortages in construction, highlighting innovations like automation.
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volunteer_activism ADVICE
Market Expansion as VC Edge
Venture capital firms can offer a valuable edge by helping startups expand into new markets.
This targeted approach can assist companies in navigating geographic and cultural differences.
question_answer ANECDOTE
Obtaining Valuation Data
Alex Wilhelm secured valuation haircut data from Canopy Servicing by presenting PitchBook data and asking for corrections.
This tactic proved effective, as the founder engaged and clarified the figures.
insights INSIGHT
EV Charging User Experience
EV Passport offers a simpler charging experience, using QR codes and credit cards, eliminating the need for multiple apps.
However, hardware reliability in outdoor conditions remains a concern.
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Mary Ann and Alex were joined by Kirsten once again to parse the week’s news and call out the biggest stories in startups and venture:
California passed a law that will require venture firms to disclose certain market data concerning whom they are investing in. Some investors and venture groups are opposed to the law.
ALIAVIA Ventures has put together a new fund to invest in women building tech companies in Australia and the United States, with a focus on helping Aussie companies reach the American market.
Canopy Servicing raised a $15.2 million Series A1. Alex caught up with the company, hoping to learn what it took to raise a fintech round in 2023. Things have changed since the go-go days of 2021 when every round felt like a fintech round and every fintech round felt like a pre-IPO deal.
And rounding out our deals of the week, Kirsten brought a fascinating $200 million deal between a private equity group and EVPassport. If the world is going to move more toward electric cars, then we’re going to need more plugs in more places.
From there, we worked to draw a connective line between the startup turbulence we’ve seen recently, with Braid shutting down, Shift and IronNet going under, and Blue Apron selling for a fraction of its former value.
We had a great chat with the CEO of Medium earlier this week, and have a packed agenda for you including another interview that we’re excited about. More soon!
Credits: Equity is produced by Theresa Loconsolo with editing by Kell. Bryce Durbin is our Illustrator. We'd also like to thank the audience development team and Henry Pickavet, who manages TechCrunch audio products.
Equity