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 …
Foreign funding in local startups now subject to ‘welcome tax’ Read More »
New Delhi: US venture capitalists investing in India expect the 2023 Union budget to support the growth and development of the startup ecosystem in the country, according to a leading investor. Union Finance Minister Nirmala Sitharaman is due to table the Union budget for the financial year 2023-24 in Parliament on February 1. The venture …
Credit: Reuters SoftBank Group Corp.’s New Startup Bets surged to a record high last quarter as valuations continued to fall, cooling an already frosty start-up winter, according to a Bloomberg report. The world’s largest tech investor – which at one point participated in $30 billion in funding across more than 90 startups in a single …
SoftBank deals hit record high, undermining funding for startups Read More »
On January 11, Monique Rodriguez, founder and CEO of multi-million dollar natural hair care brand Mielle Organics, announced that she had sold her company to P&G Beauty, sending Black Twitter into a frenzy. Although Rodriguez and her husband will remain CEO and COO of the brand, some consumers are upset that it is no longer …
This Black Founder Sold Her Company to P&G – She Says She’s ‘Selling’ Read More »
From left to right – Raj Ganguly and Eduardo Saverin US venture capital firm B Capital Group, which has backed Indian startups such as Byju’s, Meesho and BlackBuck, announced on Thursday that it closed its third fund and follow-on fund at $2.1 billion. The proceeds will be used to primarily target growth investments in the …
B Capital Marks Final Close of Third Fund at $2.1 Billion Read More »
The thought of a potential global recession may force you to cut spending. Startup investors do too. Venture capitalists are holding back aggressive funding for startups, spooked by an uncertain economic situation, falling tech industry stock prices and growing fears of recession. In the last quarter of 2022, investment in North American startups fell 63% …
Investment in startups plummeted in late 2022 amid fears of recession: Crunchbase Read More »
The thought of a potential global recession may force you to cut spending. Startup investors do too. Venture capitalists are holding back aggressive funding for startups, spooked by an uncertain economic situation, falling tech industry stock prices and growing fears of recession. In the last quarter of 2022, investment in North American startups fell 63% …
Investment in startups plummeted in late 2022 amid fears of recession: Crunchbase Read More »
Solo venture capitalist Monique Woodard’s fund, Cake Ventures, seeks to invest in user-driven ventures reflected in her “demographic change” theory. Brendan Mainini The black founder-turned-investor will write seed and pre-seed checks, backed by investors including Bank of America and billionaire Melinda French Gates. In March 2021, Monique Woodard closed part of the first fund of …
In reality, FTX would never have reached the size it has without the active support of the financial industry and the “grow at all costs” and “break things fast” culture that it encourages. The shaggy-haired 30-something with his chaotic ways suddenly found himself in a position where billions of dollars were thrown at him. His …
FTX was emblematic of a cult of venture capital gone out of control Read More »
Monique Rodriquez holds many titles: mother, wife, friend, sister and self-made millionaire. The 39-year-old founded Mielle Organics, a natural haircare brand, in 2014 after a devastating loss that reshaped life as she knew it. “It took something quite traumatic to happen for me to realize what my true purpose and ultimate calling was,” Rodriquez told …
“Success is not owned, it is rented. And the rent is due every day’ Read More »
