There is a lot of buzz about an ongoing “Series A crunch” for tech startups, but it’s ideal to have real data to accompany all the anecdotal stories. So we were glad to see that today, venture capital analysis firm CB Insights released a new seed financing report that digs into some real numbers about the situation.
The good news?
Q: Is Silicon Valley’s Series A crunch causing a chill in Europe? A: Yes and no.
A lot has been written about the Series A crunch/palpable chill in Silicon Valley that’s making founders pull their cardigans a little closer.
Marc Andreessen and Mike Schroepfer delivered keynote addresses today at the she++ conference, sharing their thoughts on women in technology and growing the pool of talented engineers.
Ayna Agarwal and Ellora Israni, two Stanford juniors who study Symbolic Systems and CS, respectively, founded she++ in January 2012 as a Stanford community for women in tech; Agarwal and Israni hope to spur girls in
StartX, the startup accelerator for companies founded by Stanford students, just kicked off Demo Day for its Summer 2012 startup class at AOL’s Silicon Valley headquarters in Palo Alto this evening.
BDC Venture Capital, the leading major investment firm for accelerators in Canada, announced today that it would add its financial and expert support to ongoing Canadian Technology Accelerator programs being run in the U.S. by the Canadian government. The programs, spread across various major tech hubs, including Boston, Philadelphia, New York and San Francisco, give Canadian startups the U.S.
Startup Sauna has always been a slightly puzzling thing. It acts ike an accelerator but does not fund startups. It simply offers European (mostly from Nordic countries) and Russian startups coaching sessions and demo trips to Silicon Valley, and takes no equity. That’s because it is funded by Finland’s Aalto University and the Finnish Funding agency for technology and innovation.
Tonight at the StartX demo day, the Stanford-based incubator provided a few metrics as a validation of its model. Among other things, StartX announced companies that have gone through its program have raised a total of $80 million. With about $1.3 million raised per startup, it’s ahead of most for-profit incubators.
Stanford’s student startup accelerator, StartX, had its eighth demo day tonight in Palo Alto, showing off the latest class of 11 companies* to go through the program. The accelerator, which just raised another $400,000, has already had about 100 startups go through, raising $100 million along the way between them.
Optus has launched a fund to invest seed capital in Australian startups in conjunction with parent SingTel's Innnov8 venture capital arm.
{loadposition stuart}Austin R Bryan, vice president, digital communities and ecosystems, SingTel and Optus, said the fund would have a ceiling of 250k per investment and a maximum of eight such investments in the first 12 months.
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