Entrepreneurship

A Mistake Made Kind Snacks a Billion-Dollar Company

A Mistake Made Kind Snacks a Billion-Dollar Company

This story is part CNBC Make It’s The Moment series, where highly successful people reveal the critical moment that changed the trajectory of their lives and careers, discussing what made them take the leap into the unknown. The first time Daniel Lubetzky accepted a major investment for Kind Snacks, he made a huge mistake. Today, …

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Tracy Reese, the founder of sustainable fashion company Hope for Flowers, received a $55,000 cash grant from Detroit's Motor City Match program.

32 small businesses win grants from Detroit’s Motor City Match program

Detroit’s Motor City Match program announced Wednesday that it is giving cash grants to 32 other businesses in the city. Round 21 winning small businesses will receive funding from a pool of $1.3 million. There are 17 new companies that will receive grants from a pool of $965,000. The other $341,000 in cash grants will …

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For female founders, fundraising only from female VCs comes at a cost

For female founders, fundraising only from female VCs comes at a cost

According to recent reports, startups led by women receive less than 3% of all venture capital investments. In response, many executives have advocated for women to become more involved in venture capital funding, as studies have shown that female investors are more likely than their male counterparts to invest in female founders. However, the authors’ …

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Passthrough raises $10M to simplify investor onboarding process • TechCrunch

Passthrough raises $10M to simplify investor onboarding process • TechCrunch

Tim Flannery, Alex Laplante and Ben Doran were working together on the Investor Services team at Carta when they realized that onboarding funds to invest in startups was a nerve-wracking process (no pun intended). It involved manually creating subscription agreements — agreements that investors complete to invest in a fund — by gathering unstructured data …

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Foreign funding in local startups now subject to 'welcome tax'

Foreign funding in local startups now subject to ‘welcome tax’

Credit: 123RF.com Indian startups that raise capital from foreign investors such as Sequoia Capital, Softbank, Prosus, Tiger Global, Carlyle, KKR and Blackstone will now have to pay an “angel tax,” a move that could not only negatively impact the funding, but also encourage more startups to locate overseas. Announcing the Union budget on Tuesday, the …

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12 African startups selected for ARM Labs Lagos Techstars 1 cohort

12 African startups selected for ARM Labs Lagos Techstars 1 cohort

Following its launch in April 2021, ARM Labs Techstars Lagos Accelerator admitted 12 African startups for the pioneering batch of the three-month program focused on early-stage fintech and proptech startups based in Africa. The inaugural cohort is made up of 10 Nigerian startups and two Kenyan startups, with 50% female CEOs. “It’s a decision of …

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"I want other people to see women in the room and think they might want to have a female co

“I want other people to see women in the room and think they might want to have a female co

Almog Zoosman-Lehman’s job as Head of Community and Partnerships at Amiti Ventures is all about connecting people. “My role at Amiti is to make sure our values ​​are expressed, in addition to making sure the founders know about us, of course. Also, through community management, I have the power to seek out more women founders.” …

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“The government’s Fund-of-Fund (FoF) strategy has already demonstrated success with SIDBI’s flagship fund, as well as SRI. Expanding this model in new industries, (PTI)

Budget 2023: Agricultural Accelerator Fund to Increase Productivity

To support agro startups, Nirmala Sitharaman announced the Agriculture Acceleration Fund. It will attempt to implement cost-effective solutions to problems faced by farmers by introducing contemporary technologies and increasing production. Managing Director of Utkarsh Sinha, Bexley advisors, a boutique investment bank, said: “The government’s fund-of-funds (FoF) strategy has already proven itself with SIDBI’s flagship fund, …

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Startups Budget 2023: FM Sitharaman announces a slew of measures to boost startups in India

Startups Budget 2023: FM Sitharaman announces a slew of measures to boost startups in India

Finance Minister Nirmala Sitharaman announced in her proposed budget speech on Wednesday the extension of the incorporation date for start-up tax benefits from 31.03.23 to 31.3.24. The FM has also proposed extending the loss carryforward benefit for startups to 10 years. “Entrepreneurship is vital for the economic development of a country. We have taken a …

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