Larger venture capital funds have been raising more money despite the ravages of Covid-19 even as smaller firms struggle. Firms raised $21 billion in the first quarter of this year – compared to $51 billion raised for all of 2019, according to Bloomberg. That rate of funding might blunt fears that VCs will exhaust the cash they are still holding from last year. Still, cash-strapped startups...
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What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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