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☆ How Sri Pangulur went from building his own syndicate to co-leading Mayfield's Series B investing practice
▼ + stars: | 2024-10-07 | by ( Sri Muppidi | ) www.businessinsider.com time to read: +7 min

He decided to formally create a syndicate called Overtime VC, investing up to $250,000 in seed and Series A rounds. Through Overtime, Pangulur invested nearly $20 million in 65 companies, with a focus on enterprise infrastructure and apps. Related storiesHe also continued investing through his syndicate, Overtime VC, and brought these firsthand experiences to the founders he advised. 'Cooking' at the Series BPangulur began raising his own venture fund based on the success of his syndicate fund, Overtime VC. Earlier this month, Pangulur announced two new investments he led: a $25 million Series B for billing infrastructure startup Orb and a $28 million Series B for TeamBridge, a workforce operating software startup.

Persons: Pangulur, parlayed, Mayfield, —, hackathons, Navin Chaddha, Chaddha, Lehman Organizations: Tribe Capital, Fund, Service, Security, Mayfield Fund, Case Western University, KeyBanc, Markets, Lehman Brothers, TeleSoft Partners, VC, Mayfield, Spring Fund, Chaddha Locations: Silicon Valley, Michigan, Ohio, North America, CloudFlare, —

The investor pitch claimed GM had already committed to an investment, along with the Menlo Park-based VC firm Tribe Capital. "GM agreed to let us collect the ground truth data in their factories," Foundation said in the document. "GM has never invested in Foundation Robotics and has no plans to do so," spokesman Darryll Harrison said in an emailed statement. The contents of the document were confirmed by someone with direct knowledge of Tribe Capital. Tribe Capital and its cofounder Sethi declined to comment, while Pathak didn't respond to messages seeking comment.

Persons: General Motors —, Darryll Harrison, cofounders, Mike LeBlanc, LeBlanc, Sankaet Pathak, Arjun Sethi, Sethi, Pathak Organizations: Synapse, General Motors, Robotics Labs, CNBC, GM, Menlo, Tribe, Foundation, Foundation Robotics, Robotics, New Foundation Foundation, Cobalt Robotics, McKinsey, Tribe Capital Locations: Mexico

☆ Fintech firm Nium cuts valuation by 30% in new funding round, eyes 2025 IPO
▼ + stars: | 2024-06-04 | by ( Ryan Browne | ) www.cnbc.com time to read: +2 min

The fundraising round was led by an undisclosed Southeast Asian sovereign wealth fund and backed by venture capital firms BOND, NewView Capital, and Tribe Capital. That marks a 30% discount to its previous valuation of $2 billion, which the firm notched in 2022 when it last raised external venture capital. Nanu said his company's down round was the result of a broader depression in public market valuations of fintech companies. He noted the example of Stripe, which raised a $95 billion valuation in the heady days of 2021 before slashing its value to $50 billion and then boosting its valuation to $65 billion in secondary share transactions. "Banks have gone from, crypto is hot, to not crypto, to crypto," he added.

Persons: Prajit, Nanu, he's, Banks, It's, Bitcoin Organizations: Westend61, Getty Images, CNBC, NewView, Tribe Locations: Getty Images AMSTERDAM, Netherlands, U.S

☆ How Termina selected and ranked the 2024 Seed 100 and Seed 40 lists of the top early-stage venture capitalists
▼ + stars: | 2024-05-06 | by ( Jake Ellowitz | ) www.businessinsider.com time to read: +4 min

Read previewThe Seed 100 and Seed 40 lists are derived from a statistical analysis of investor track records. Incubated by Tribe Capital, Termina is an AI-software platform that powers quantitative due diligence for leading investors around the world. Show intermediate signs of future success with seed investments that consistently receive follow-on investment. Ten percent of all seed investors in scope were women, up from 8% when the first Seed 100 was released in 2021. The result in just one year is the largest-ever rebalancing of how investors allocate seed capital across sectors.

Persons: —, We've, We're, OpenAI, Termina, Jake Ellowitz Organizations: Service, Business, Tribe Capital Locations: USA, Canada

☆ Fmr FTX investor weighs in on SBF sentencing, FTX and crypto outlook
▼ + stars: | 2024-03-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFmr FTX investor weighs in on SBF sentencing, FTX and crypto outlookArjun Sethi, Tribe Capital Co-Founder, joins 'Closing Bell: Overtime' to discuss the Sam Bankman-Fried trial and sentencing and what it means for the crypto industry.

Persons: FTX, Arjun Sethi, Sam Bankman Organizations: Tribe

☆ US SEC sues Kraken crypto exchange over failure to register
▼ + stars: | 2023-11-20 | by ( Jonathan Stempel | ) www.reuters.com time to read: +2 min

Kraken cryptocurrency exchange logo is seen in this illustration taken July 28, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsNov 20 (Reuters) - Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without first registering with the regulator. In June, the SEC filed similar lawsuits against Binance, the world's largest cryptocurrency exchange, and Coinbase, the largest in the United States. Monday's lawsuit seeks a civil fine, disgorgement of ill-gotten gains, and a halt to acting as a crypto exchange without registering. The case is SEC v Payward Inc et al, U.S. District Court, Northern District of California, No.

Persons: Dado Ruvic, Gary Gensler's, Kraken, Gurbir Grewal, Binance, Jonathan Stempel, Chris Prentice, David Gregorio, Stephen Coates Organizations: REUTERS, U.S . Securities, Exchange Commission, SEC, Binance, Payward Inc, Payward Ventures Inc, Blockchain, Digital Currency Group, Hummingbird Ventures, Tribe Capital, Payward, Court, Northern District of, Thomson Locations: San Francisco federal, United States, San Francisco, U.S, Northern District, Northern District of California, New York

☆ India's startup ecosystem is still moving 'pretty slowly,' venture capital firm CEO says
▼ + stars: | 2023-09-14 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's startup ecosystem is still moving 'pretty slowly,' venture capital firm CEO saysArjun Sethi, Tribe Capital co-founder and CEO, says India is still "frozen at the mid and late stage."

Persons: Arjun Sethi Organizations: Tribe Capital Locations: India

The Seed 100 is our annual list of the best early-stage investors, based on data analysis. These investors have proven track records and are on track for continued success. Also read our list that focuses exclusively on successful women: Seed 30: The best early-stage women investors of 2023Seed-stage investing is the riskiest — and potentially most rewarding — venture-capital round and the choice of seed investor can make or break a startup. The Seed 100 identifies top investors via data analysis supplied by Tribe Capital*. Scroll down for the full Seed 100 list.

Our annual list of the best women seed investors has been expanded this year. Also read: The Seed 100: The best early-stage investors of 2023The venture-capital industry has historically been a boys' club. That's changing as more women join venture firms, found their own firms, become angel investors, and join investing syndicates. The best seed investors can repeatedly identify winners years before they are successful. Scroll down for the full Seed 30 list.

☆ FTX could relaunch - and one of its former VC backers may lead a $250 million funding round to revive the failed exchange, report says
▼ + stars: | 2023-04-19 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Tribe Capital may lead a $250 million funding round to reboot FTX, according to Bloomberg. Tribe's cofounder Arjun Sethi held talks with the failed crypto exchange in January, sources said. The VC firm and its partners could provide $100 million to fund the relaunch, Bloomberg said. Tribe Capital is considering leading a $250 million fundraising effort to help reboot the failed crypto exchange, Bloomberg said, citing people familiar with the matter. Tribe's proposal in January would relaunch FTX US, FTX Australia, FTX Japan, FTX EU, FTX International and LedgerX, Bloomberg said.

At some Silicon Valley Bank branch locations in California, depositors gathered early Friday to attempt to get their cash out, fearing it could be inaccessible in the coming days. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N). A locked door to a Silicon Valley Bank (SVB) location on Sand Hill Road is seen in Menlo Park, California, U.S. March 10, 2023. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.

☆ Silicon Valley Bank collapse sends tech industry into a panic
▼ + stars: | 2023-03-10 | by ( Catherine Thorbecke | ) edition.cnn.com time to read: +5 min

Following the bank’s collapse on Friday, uncertainty in the startup community only grew. Founders Fund, an influential venture capital firm founded by billionaire Peter Thiel, reportedly advised its portfolio companies to pull money from the bank. “SVB is the most important capital provider to tech startups and the biggest supporter of the community,” he said in a tweet. “Now is the time to support them.”The rapidly unfolding fallout at Silicon Valley Bank comes at a challenging moment for the tech industry. Now, the bank’s collapse risks compounding the industry’s cash crunch and broader turbulence.

March 10 (Reuters) - The sudden collapse of Silicon Valley Bank on Friday sent shockwaves through the startup community, which has come to view the lender as a source of reliable capital, particularly for some of tech’s biggest moonshots. It has had financial relationships with a who’s who of Silicon Valley firms over the years, including Snapchat's parent Snap Inc (SNAP.N)Snap declined to comment. A Silicon Valley Bank spokeswoman didn't immediately respond to a request for comment sent Friday. Uncertainty swept through Silicon Valley as startup founders and venture capital firms worried they could, among other things, fail to make payroll. As of Friday, FarmboxRx’s funds were still tied up with Silicon Valley Bank.

☆ Here's the 12-page pitch deck a fintech aiming to be an alternative to BNPL used to raise money from Fanatics CEO Michael Rubin and rapper Lil Baby, among others
▼ + stars: | 2023-02-09 | by ( Paige Hagy | ) www.businessinsider.com time to read: +4 min

Kasheesh is a fintech that allows consumers to split online payments across multiple cards. Kasheesh allows users to split online payments across several debit and credit cards. Fanatics CEO Michael Rubin, rapper Lil Baby, actor Damson Idris, and entrepreneur John Terzian most recently joined the cap table in this round. On Kasheesh's web-based browser plug in, users can split any online payment across up to five debit and credit cards. Read the 12-page pitch deck Kasheesh used to raise a $3 million seed extension round.

☆ Exclusive: 3 of Carta's top executives filed complaints about gender discrimination and retaliation in a matter of months
▼ + stars: | 2023-01-25 | by ( Darius Rafieyan | ) www.businessinsider.com time to read: +7 min

Three former employees filed complaints alleging gender discrimination at Carta. In a statement she told Insider that she was not fired and did not leave the company due to any gender discrimination issues. "I do not feel that I experienced any gender discrimination or any unfair or sexist treatment during my employment at Carta," she said in the statement. Shortly after Johnson's firing, Carta's chief technology officer, Jerry Talton, filed a complaint with Carta's board expressing concerns about her termination and about larger issues of gender discrimination and retaliation at the company. Carta's internal investigationFollowing Talton's complaint, Carta hired the white-shoe law firm Paul, Weiss to investigate the claims, a person familiar with the matter said.

☆ Musk's yes-men: 5 experts break down why it's difficult to 'speak truth to power.'
▼ + stars: | 2022-12-28 | by ( Jordan Parker Erb | ) www.businessinsider.com time to read: +4 min

Like yesterday, we're continuing with some of the year's best stories from our VC and startups team. Why it's difficult to "speak truth to power." The top VC and startups stories of 2022:Union Square Ventures; 645 Ventures; Race Capital; Mindset Ventures; Marianne Ayala/Insider6. Former Amazon leaders have infiltrated the tech industry. After dominating the VC industry last year, crossover funds spent 2022 pulling back.

☆ At the time of our FTX investment, there were no red flags, says Tribe Capital's Arjun Sethi
▼ + stars: | 2022-11-11 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAt the time of our FTX investment, there were no red flags, says Tribe Capital's Arjun SethiArjun Sethi, Tribe Capital co-founder and CEO, joins 'Squawk on the Street' to discuss his company's investment in FTX, if Sethi felt misled before the firm's investment in FTX and more.

☆ Arjun Sethi of Tribe Capital on institutional adoption of crypto services
▼ + stars: | 2022-10-11 | by ( Jordan Smith | Mai Tejapaibul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailArjun Sethi of Tribe Capital on institutional adoption of crypto servicesCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Arjun Sethi of Tribe Capital discusses investing in early-stage crypto projects and the outlook for more crypto businesses going public.

☆ Bitcoin mining difficulty hits record high, and Huobi founder sells entire stake: CNBC Crypto World
▼ + stars: | 2022-10-10 | by ( Jordan Smith | Mai Tejapaibul | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBitcoin mining difficulty hits record high, and Huobi founder sells entire stake: CNBC Crypto WorldCNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Arjun Sethi of Tribe Capital discusses investing in early-stage crypto projects and the outlook for more crypto businesses going public.

☆ Karn Saroya's Web3 seed startup is creating a version of Lloyds of London for crypto. It was just valued at $100 million.
▼ + stars: | 2022-09-28 | by ( April Joyner | ) www.businessinsider.com time to read: +4 min

The Web3 reinsurance company Re has raised $14 million from investors such as Tribe Capital. Now he's seeking to apply Web3 tools to make that industry, which is dominated by firms such as Munich Re and Lloyds of London, more accessible. The company participated in Tribe Capital's crypto incubator, Tribe Crypto Labs, and its other investors include Defy, Exor, Stratos, Framework, Morgan Creek Digital, and SiriusPoint. Cover started out as a search tool for insurance policies but then became an insurer in its own right. Like other financial products, such as mortgages and loans, insurance policies can be bundled up and sold as securities.

These are the best seed investors backing European firms, based on data analysis from Tribe Capital. Insider and Tribe also identified the Seed 10: the best female early-stage investors. We have listed the top 50 seed investors into European firms, based in countries including the UK, Sweden, Turkey, and the US. Insider has also detailed the 10 best female seed-stage investors in Europe in the Seed 10 list. How Tribe Capital selected and ranked Insider's Seed 50 and Seed 10 lists of the early check-writers in Europe

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