Hi Friends,
This is Mike from Flowlie again, coming in your inbox with 2 minutes of jam-packed, no-noise content that's guaranteed to make you smarter. So let's go to it.
This is our short bi-weekly newsletter curated by the Flowlie team. It includes the top recent articles about VC & PE, ranging from operations, tech and tax advice to trends and notable guides as well as news on recent capital raises.
We hope you enjoy and find some value! If you do, make sure to share it with a friend.
Today's reads
First, a great report by PitchBook titled “Q1 US venture capital trends in five charts”. We all love pictures, so give it a read. Here is one that surprised me most: despite all the hype, Austin is only a small percentage of the deal value, and Miami is not even in top 10.
Continuing talking about unexpected, Chipotle got tired of wrapping burritos and is forming a $50M venture fund. The goal is to fund companies that can help in “running great restaurants, amplifying technology and innovation, further advancing its Food With Integrity mission, and expanding access and convenience for consumers”. In other words, making burritos even better.
Finally, Coinbase launches NFT marketplace. In addition to expected marketplace features, Coinbase took a spin on a way to display your collection. “It will look similar to an Instagram profile where one would showcase their NFTs. People can follow, comment and interact with one another through its marketplace.”
News from Venture
First, we have a raise of $260M ($160M in series E round and $100M in venture-debt) by Convoy - “digital freight network and marketplace that connects shippers with truckers”. Think, “Uber for freight but not Uber Freight”. Convoy tries to solve a problem of “matching supply with demand” in the industry overdue for disruption.
Staying on the transportation topic, Boring Company “raised $675 million in Series C funding at a $5.68 billion valuation”. Last October, Las Vegas “approved a 29-mile tunnel network” by Boring Company.
Flowlie feature highlight
One of the reasons we started Flowlie is to make it easier for founders and investors to know the thesis of the investors their interact with. That’s where Investor Profiles come in.
All the information above is visible by investors if they are connected with the respective investors and by startups for investors who opted into Investor Discovery. No more guessing which investors are worth reaching out to!
As always, feel free to email us with any questions. We are glad to chat!
Thank you,
Mike from Flowlie