Equity Tesla’s busy week, and is fintech having a moment?
Apr 19, 2024
Kirsten Korosec, a TechCrunch reporter specializing in transportation, joins the discussion. They dive into Tesla's recent layoffs and its ambitious plans for Full Self-Driving technology, reflecting on the company's internal challenges. The conversation shifts to Ramp's impressive valuation amidst evolving fintech trends, highlighting the startup's growth and the broader implications for the industry. They also explore Cherub’s innovative model connecting investors and founders, alongside insights into upcoming IPOs and the changing landscape of startup funding.
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Cherub's Success Story
- Cherub, a platform connecting angel investors and founders, is described as the "Raya of angel investing."
- One founder secured a $25,000 check through Cherub's newsletter and an in-person event.
Maven Ventures' Consumer Tech Focus
- Maven Ventures focuses on consumer tech, especially the intersection of AI and consumer applications.
- Their portfolio boasts a 16% success rate with exits or valuations of at least $500 million.
Rippling's Funding Strategy
- Rippling is raising $870 million, with a surprising $200 million primary and $670 million secondary split.
- This suggests a focus on rewarding early investors and potentially delaying an IPO.
