We recently sat down with Vestwell CEO Aaron Schumm to talk about this exciting news and the recent growth of his team. A repeat founder, Aaron has been around the block when it comes to team-building, recruitment and fostering a sense of culture within a startup. Here, he reflects on past successes and challenges in those areas and offers some helpful tips to founders who are thinking of the best ways to build their own organization.
Consumer deals took the cake in Q4, making up 26% of all rounds, with emphasis on new marketplaces and platforms that ease the travel experience. Enterprise SaaS platforms and health and wellness deals made up 24% and 15% of Q4 deals, respectively.
We ended 2018 with 46 seed deals, which was down 6% from Q3, but up 77% from the same time last year. Those 46 deals brought in a total of $81.6 million in total funding, just 7% shy of Q3’s total, and up 54% from Q4 2017.
Is it time to plan for a downturn? I'm urging all founders to look at the next 12 months at least partly through a more conservative and cautionary lens. Now is certainly the time to be putting pen to paper and drawing up a game plan that will help you brace for impact and weather the storm.
As e-commerce continues to grow aggressively - in 2017, e-commerce accounted for 10.2% percent of all retail sales worldwide and is expected to reach 17.5% by 2021 - and as competition heats up for faster shipment of goods, it’s time to start considering the individuals doing our heavy lifting. Introducing our latest investment: Kinetic.
We're still reeling from the excitement of our NYC Summit, which attracted over 300 of the country's leading venture capitalists and 250 of the finest entrepreneurs our city has to offer. It was a thrilling and humbling event, with an incredible energy that can only come from gathering a world-class group of people around a collective mission.
Both deal volume and total dollars invested in Q3 were up from last quarter as the VC community continues to pour larger and larger rounds into the city’s most promising opportunities.
NYC's seed market saw saw 49 deals, up 17% from Q2 and up 26% from this time last year. More notably, however, was total funding, which hit $87.6 million - a sharp increase of 31% from last quarter, and up 26% from Q3 2017.
Alma offers a brand new model for mental health that brings together top therapists into co-practicing communities with shared access to a full-stack technology platform - scheduling, billing, acquisition and telemedicine - and flexible access to beautiful office space designed to optimize both the therapist and client experience.
Last week we had the pleasure of announcing from the stage at the Summit that Steve Schlafman, who in June joined our team as a part-time Venture Partner, has shifted to a full-time Partner role.
We’re having trouble containing our excitement for next week’s Summit, on October 3-4, which will feature panel discussions led by VCs, presentations from NYC’s most exciting startups, and unparalleled networking opportunities amongst the greatest group we could ever dream of assembling.
TechCrunch Disrupt’s dramatic curtain has officially lifted on Mirror, a cloud-based fitness platform that offers consumers personalized boutique fitness classes across a variety of devices, including the company’s first hardware offering: a full-size, in-home, digitally enabled mirror.