Equity California has no water and lots of liquidity
Jul 2, 2021
The hosts delve into tensions between startups and investors, spotlighting Hinge Health's board dynamics. They discuss the buzz surrounding recent IPOs from companies like Didi and Duolingo. Innovative financial solutions shine, with a new neobank for the LGBTQ+ community and drone logistics providers adapting during the pandemic. The episode also critiques ed tech's modernization challenges and highlights initiatives supporting women-led startups, plus intriguing new search tools reshaping the digital landscape.
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Board Member Replacement
- Bessemer Venture Partners replaced a board member at Hinge Health after competitive tensions.
- The board member invested in a similar seed-stage company, causing concern.
Old School VC Dynamics
- Old school dynamics are reappearing where VCs make one bet per sector.
- Things loosened up as more money entered, but now competition is causing these issues again.
Board Member Churn
- VCs usually control board member selection, and changes are becoming more frequent.
- This churn mirrors changes in partnerships and increased competition, potentially harming startups.