Inside | Real news, curated by real humans
Inside Founders

Inside Founders (Feb 19th, 2019)

1. Women-founded companies have similar rates of second-round funding as non women-founded companies. A Feb. 19 report from the Center for American Entrepreneurship evaluates venture-capital investment in such companies, while also looking in detail at geographic indicators about women-founded startups. According to the report, first-round venture-capital funding for women-founded startups between 2005 and 2017 was just 16 percent of total investment. Second-round investment, however, was on par with other startups, with 52 percent raising additional funds within three years. Geographically, women-founded startups thrive in traditional startup communities such as San Francisco and New York, as well as Ann Arbor, MI and Memphis, TN. — VENTUREBEAT

  • Email gray
  • Permalink gray

2. Facebook, Backstage Capital and Grindr co-founders make the list for most powerful LGBTQ+ people in the tech world. Diversity efforts in tech have increased through the work of groups such as Lesbians Who Tech and TransTech Social Enterprises. A list of 23 powerful LGBTQ+ people includes Facebook co-founder Chris Hughes, who also founded Stand Up America following Donald Trump's election. Backstage Capital CEO Arlan Hamilton co-founded that company in 2015 when she was homeless. Joel Simkhai, who founded Grindr in 2008, reportedly did so to meet more gay men himself. — BUSINESS INSIDER

  • Email gray
  • Permalink gray

3. Google will acquire cloud migration company Alooma. The move is considered the latest step in Google's strategy to compete with companies such as Amazon and Microsoft in the cloud arena. Alooma's co-founders, Yoni Broyde and Yair Weinberger, discussed the acquisition in a blog post, describing it as the evolution of the relationship the company has had with Google Cloud products over the years. Google did not disclose how much it will pay for Alooma in its announcement of the purchase. Alooma had previously raised approximately $15 million in investment funding. — CNBC

  • Email gray
  • Permalink gray

4. For its 40th anniversary, Inc. Magazine is pairing 40 mentors with 40 founders. The initiative is part of Inc's Founders Project, a year-long initiative in which prominent entrepreneurs publicly mentor startup founders. The project's first mentor/founder pair is Gary Hirshberg, who founded Stonyfield Farm and Emily Darchuk, whose fledgling enterprise, The Wheyward Spirit, creates alcohol beverages by fermenting discarded whey. In their first conversation, Hirshberg and Darchuk touch on funding, distribution and supply chain issues. — INC

  • Email gray
  • Permalink gray

5. Female founders are seeking to disrupt the Human Resources industry in the wake of the #MeToo movement to be more responsive to allegations of sexual harassment. — PITCHBOOK

6. Investors and food chains are increasingly interested in food startups, particularly ones emphasizing innovation and sustainability. — SMARTBRIEF

7. Huawei founder Ren Zhengfei says US criminal charges against the Chinese tech company and his daughter, Chief Financial Officer Meng Wanzhou, are politically motivated. — BBC

8. Oculus co-founder Palmer Luckey has offered to ship free repair kits to Rift headset users having audio issues, even though he no longer works for Facebook, which owns the company. — TECHCRUNCH

9. Because co-founders Alexi Suvacioglu and Luca Gualco saw an opening in the adult incontinence market and have raised more than $30 million in funding and sold more than 50 million items in two years. — FORBES

10. Netflix founders Mark Randolph and Reed Hastings are worth $400 million and $3.7 billion respectively; Randolph left the company in 2002, while Hastings serves as CEO. — ENTERTAINMENT CHEETSHEET

  • Email gray
  • Permalink gray

 

Julia Goldberg is a journalist and author living in Santa Fe, New Mexico. She writes regularly about the intersection of technology and culture, and is the executive director of MIX Santa Fe, a networking organization for entrepreneurs. She writes the Inside Founders newsletter and can be found on Twitter @votergirl.

Editing team: Lon Harris (editor-in-chief at Inside.com, game-master at Screen Junkies) and Susmita Baral (editor at Inside, recent bylines in NatGeo, Teen Vogue, and Quartz. Runs the biggest mac and cheese account on Instagram).

  • Email gray

Subscribe to Inside Founders