By Evan Vitale
What’s new in the world of venture capital news?
According to The Wall Street Journal, former Los Angeles Laker Kobe Bryant is now a venture capitalist with a goal of emphasizing team building and long shots.
Bryant sees parallels between his hall-of-fame basketball career and his new role as a venture capitalist.
Failure—the frequent outcome for early stage investment—is something Mr. Bryant learned about on the court, the former NBA star said at the WSJDLive conference in Laguna Beach, Calif. Early in his career, Mr. Bryant recalled, he shot five straight air balls in the playoffs.
You can read the full article here: http://on.wsj.com/2dVd47Z
Meanwhile, Pacific Business news is reporting that Ronald Bernal, a venture partner at Menlo Park, California-based New Enterprise Associates, and his wife, Pamela, have acquired a Hawaii estate for $5 million.
The 5,834-square-foot, four-bedroom, five-and-a-half-bathroom home sits on 1.2 acres in Hanalei on Kauai’s North Shore. The details are here: http://bit.ly/2dZYNXT
Everyone wants to know “what’s the next big thing for venture capital” and Investopedia has offered some ideas, suggestions and predictions in a recent article.
The top 10 industry verticals in terms of capital invested so far in 2016 are: mobile ($14.4 billion), SaaS ($13.4 billion), E-commerce ($8.7 billion), LOHAS (Lifestyles of Health and Sustainability, or green living & technology; $7.5 billion), life sciences ($6.8 billion), big data ($3.8 billion), oncology ($3.5 billion), Fintech ($3.4 billion), manufacturing ($2.4 billion) and cybersecurity ($2.2 billion).
Check out the full article here: http://bit.ly/2eJmWD5
Forbes has published an article on how to find money when most venture capital is flowing to fewer, bigger and later-stage financing.
Here, according to contributing writer, Todd Hixon, the venture capital industry is experiencing concentration of winners, like the rest of the economy. This drives how venture capitalists (“VCs”) make decisions. Entrepreneurs seeking money need to understand this behavior to craft their financing strategies.
The full article is available here: http://bit.ly/2eURA8T