By Evan Vitale
Here’s review of the stories that are making headlines in the world of venture capital!
There’s a great article published by The Atlantic on what it’s like to be a woman in Venture Capital.
The article spotlights entrepreneur and venture partner Ann Crady Weiss. Without giving away too many details here, go ahead and read the full article here: http://theatln.tc/2doTtzu
According to Bloomberg.com, venture capitalists may be storing up supplies for winter. With VC fundraising on track for its best year since the dot.com era (remember?), some investors say there’s a rush to raise cash before it disappears.
Check out the article here: http://bloom.bg/2dfIClZ
Meanwhile, at Investopedia.com, venture capital funds raised $22.9 billion during the first six months compared to $28.2 billion during all of 2015. The pace was especially brisk in the first quarter of 2016, with about $13.0 billion raised. Large investors have been attracted by a 10-year average annual rate of return of more than 4 percentage points above that produced by the S&P 500, according to the Wall Street Journal.
Investors are pouring money into venture capital firms that focus on leading sectors. In 2015, 36.2% of venture capital funds went into software. For biotechnology, it was 17.3%; media and entertainment, 9.5%; medical devices and equipment, 7.1%; and information technology services, 6.0%.
Read the rest of the article here: http://bit.ly/2dtOQ2q
Flexport, according to the Wall Street Journal, has raised $65 million in venture capital funding for an expansion. Flexport, based in San Francisco, arranges international freight shipments for small-and midsize companies.
The new funding round, from a group of investors that include Founders Fund, Bloomberg Beta and Felicis Ventures, brings the company’s total capital raised to $94 million. Trae Stephens, a principal at Founders Fund, which was co-founded by Silicon Valley billionaire Peter Thiel, will join Flexport’s board.
Find the full article here: http://on.wsj.com/2cz6uoT