Well, it’s not called Bluepoint Ventures.
From the Investors
Tomasz Tunguz of Redpoint Ventures examines the slowing pace of new SaaS startup creation in “The Decline Of New SaaS Company Formation.” Tunguz postulates that increased competition and having “the key systems of record in SaaS” in place are partially to blame.
Tunguz’s post comes after it became known that seed funding velocity is falling.
Dave McClure of 500 Startups released his firm’s internal performance data to the WSJ in “500 Startups Seeks Broader Acceptance, Reveals Return Data.” Here’s the core chart:
McClure said last year that he wished investors paid more attention to his returns than his attire.
Pedro Sorrentino of FundersClub published notes on how founders should report to their shareholders in “Building A Startup With Integrity: Why Investor Updates Matter.”
Investor Semil Shah interviewed Lightspeed Venture Partners’ Jeremy Liew for StrictlyVC in “Jeremy Liew On What He Will, And Won’t, Invest In Right Now.” Against the grain, Liew says that he “believe[s] in media companies,” and while “many think that big companies can’t be built in [the] area” that “the growth in video is changing that dynamic.”
From the Operators
Ganesh Swami of Silota argues that common SaaS metrics aren’t one size fits all in “Why Customer Lifetime Value Is A Misleading Metric For Bootstrapped Businesses.”
Elon Musk of Tesla published his company’s second manifesto in “Master Plan, Part Deux.” It’s a photo app! It’s a new social network! No, it’s a plan to “accelerate a sustainable future.”
Various Area CEOs have met to “discuss the sorry state of publicly traded companies” and intend to release an “open letter,” according to “C.E.O.s Meet In Secret Over The Sorry State Of Public Companies” in the New York Times.
Why do you care? Because there is an IPO dearth in tech at the moment, and it didn’t occur by accident.
And finally,133 European founders, investors, and companies published a missive calling for strong open Internet rules in “Europe’s Startup Community Signs Open Letter For Net Neutrality.”
How One Unicorn Multiplied Its Valuation From $200M To $1.8B (read more)
How quickly can a unicorn’s valuation grow? With a fresh Series F under its belt, Sprinklr answers the question. Here’s the post.
