News Pick – 2017 Tech IPOs are on a tear compared to last year – TechCrunch

Snap IPO

May 1, 2017 – “By this time last year, one tech company had gone public. Already this year, nine tech companies have gone public on U.S. exchanges. Needless to say, public exits are looking up. That comparison becomes starker when you compare SecureWorks, 2016’s first IPO, to Snap, which went public in 2017. SecureWorks priced under range, and it has since fallen nearly 38 percent from its IPO price. Snap, in contrast, priced above range and then saw its share price quickly ascend. It’s too early to compare 2017’s IPO crop closely to 2016’s. That said, we can still parse out some interesting numbers from the cadre of newly public tech companies in 2017. So, under that edict, let’s explore.” Read more at TechCrunch

News Pick – The Startups Economy is Finally Stablizing – Bloomberg Technology


April 28, 2017 – “After a prolonged retrenchment, startups in the U.S. are finally seeing better days. The Bloomberg U.S. Startups Barometer rose 0.6 percent from a year earlier, marking the first year-over-year increase since the end of 2015. Bigger funding totals and more exits buoyed the index. Snap Inc. and MuleSoft Inc. are among the companies that went public in recent weeks. Initial public offerings give investors a chance to cash out and reinvest their money into younger businesses, making them a leading indicator of the funding environment for startups. “We think there will be anywhere from 30 to 35 venture-backed IPOs this year,” said Scott Raney, a partner at Redpoint Ventures, which manages $4 billion of investments. “By all measures, it feels like it’ll be a much better year.” Read more at Bloomberg Technology

News Pick – From PM to VC: Harper’s move is a win for Canadian tech – TechVibes

Stephen Harper

April 25, 2017 – “The recent news of former Prime Minister Stephen Harper’s decision to join San Francisco-based 8VC is good news for the Canadian tech industry. Touted as the “Silicon Valley of the North,” the Toronto-Waterloo Corridor has long been the focus of the Canadian tech ecosystem in terms of positive signs of development within the industry. However, with strong tech communities emerging in Vancouver, Ottawa, and Montreal, the Canadian tech industry is set to establish itself as an up-and-coming player in the global knowledge-based economy.” Read more at TechVibes

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News Pick – Once-flush startups struggle to stay alive as investors get pickier – WSJ

Startups flush with cash

April 23, 2017 – “Eighteen months ago, Beepi Inc. was rapidly expanding its online used-car business to 16 U.S. cities where people could buy cut-rate vehicles adorned with giant shiny bows. Beepi doesn’t exist anymore. After burning through more than $120 million in capital, the startup failed to raise more cash and shut down in February. Its roughly 270 employees cleared out of the cavernous Mountain View, Calif., headquarters, leaving behind the ping-pong table and putting green. Beepi’s rapid demise offers a glimpse into the changing fortunes of Silicon Valley startups, many of which have struggled to adjust since a two-year investment frenzy came to an end.” Read more at The Wall Street Journal