Companies do not begin an IPO upon launch. While successful startups may go public eventually, it takes a firm time to establish the necessary business plan and market position. This is, in part, so that the firm can attract investors and in part so that it can meet many of the SEC's qualifications for an IPO.
Today, I am excited to announce that Cisco is launching a new, independent venture capital firm, Decibel, focused exclusively on early stage investing in the Enterprise. This is the first truly independent effort ever formed by a major technology company. Decibel is designed to bring together the best of both worlds – the capabilities of a best in class, early stage VC firm with the resources only a company like Cisco can offer. With Decibel, Cisco is adding another dimension to its multi-faceted approach to innovation – a relationship with entrepreneurs and the startup ecosystem at their earliest inception and with this, a lens into the people, technologies and trends that will shape the Enterprise in the decades to come.
“AI right now is just snake oil, and everyone is jumping on the bandwagon,” she said. “There’s been billions of dollars poured into AI, so many startups that say ‘this is powered by AI’ but we haven’t necessarily seen the great… breakthrough. The power isn’t necessarily artificial intelligence, but that it is still built upon the infrastructure of a decade or more of data collection by other companies.”
Now, plenty of “company builders” have come and gone. It’s a bit like Apocalypse Now: everyone goes in thinking they will come up with the major formula to spit out startups at a prodigious rate and they come out screaming “The Horror! The Horror!”
However, your round speed will most likely vary depending on the type of company you are. There has been a trend in recent years of U.S. investors looking to make deals with European startups. We also know American investors are looking for 100x companies to make solid returns for their funds. There are only so many 100x-type companies in the U.S you can invest in, but Europe is an emerging market. But American VCs have a different pace and rounds for hot startups can last weeks, not months. So if you think you have a unicorn in the making (and are comfortable with a more aggressive growth plan and the burn rate that goes with it), you can use U.S. investors to help create a sense of urgency. But even if that’s your plan, I would still recommend having a healthy runway to get you through in case the round doesn’t go as you expect.
This morning Carta, a startup that helps private companies manage equity, announced it has created an investing vehicle called Carta Ventures. The well-funded unicorn wants to invest in young startups that it sees building off of its data-driven perspective into the world of private companies, helping to foster an ecosystem around its core products and services.
Under Peirce’s proposal, unveiled during a speech at the International Blockchain Congress in Chicago Thursday, crypto startups would have a three-year grace period from their first token sale to achieve a level of decentralization sufficient to pass through the agency’s securities evaluations, including the Howey Test, the famous U.S. Supreme Court assessment.
The CFTC and its securities-focused counterpart, the Securities and Exchange Commission (SEC) have both been working to meet with fintech startups, including crypto projects, in efforts to clarify how the regulators are approaching the space and help startups better navigate the at-times confusing securities and commodities laws. Last year, the SEC's FinHub division conducted a roadshow across the U.S.
In return, OSE Immunotherapeutics gains the use of MAbSilico’s existing proprietary technology and algorithms. OSE Immunotherapeutics also gets early access to the deep tech startup’s Software as a Service, or SaaS — a type of service where the user pays for a license to software hosted by the provider, like many cloud storage websites. The SaaS — currently in development — will help users identify a therapeutic target and select a candidate antibody that can enter production.
As hospitals and public health organizations switch to using genomic data for testing, searching through genomic data can still take some time. Y Combinator-backed startup, One Codex, wants to help researchers, clinicians and public health officials, who have sequenced more than 100,000 genomes and created petabytes of data, to search this data.
MedWhat wants to prevent this from happening, or at least provide a better way to find legitimate medical information online. The startup has built a smarter way to ask medical questions and receive trustworthy answers.
Portfolia launched the first ever Femtech focused investment fund in 2017, and has since invested in fertility company Future Family, vaginal health startup Madorra, genomics and diagnostics company Prime Genomics, which is developing a breakthrough approach to detect cancer, and the newest addition, Sana, an innovative device for pain management. Additionally, Portfolia has invested through others funds on menopause health platform Genneve and device company Joylux. Christina Jenkins, MD, is also an independent advisor to Elektra Health, a startup focusing on guiding women through menopause launching in 2020.
This is not to say that no startups are working to commercialize this technology. Last year, CureMetrix became the first company to receive FDA approval for its AI-based breast cancer technology; the company plans to deploy in several clinical settings this year. Other startups angling to commercialize and scale AI-based radiology in the near term include Arterys, Aidoc, Zebra Technologies and DeepHealth.
Bloomberg's campaign published a financial reform plan Tuesday, advocating for greater consumer protection measures and a stronger financial system. Specifically, the proposal suggests requiring financial institutions to monitor risk exposure, recording all financial transactions in a centralized database, strengthening the Consumer Financial Protection Bureau and a number of other recommendations. The proposal also recommends creating a regulatory sandbox for startups and "providing a clear regulatory framework for cryptocurrencies."
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