Connie Loizos, TechCrunch

Connie Loizos

TechCrunch

San Francisco, CA, United States

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Recent articles by Connie:

General Catalyst just announced $2.3 billion in new capital commitments across three funds –

General Catalyst, the 20-year-old venture firm that has been bulking up in recent years, announced this morning that it has secured $2.3 billion in capital commitments across three funds: a $600 million early-stage fund, a $1 billion growth fund for companies with $10 million-plus in annual revenue, and a $700 million “endurance fund” to back […] → Read More

As the U.S. shuts down, StockX’s business is booming, says its CEO –

StockX, the high-flying resale marketplace that connects buyers and sellers of sneakers, streetwear, handbags and other collectible items who agree on pricing, has seen its fortune rise along with the $6 billion global sneaker resale market, which is part of the broader $100 billion sneaker category. In fact, the company, which was assigned a billion-dollar-plus valuation […] → Read More

Garry Tan and Alexis Ohanian on how to survive these crazy days and what to learn from them –

Garry Tan and Alexis Ohanian founded Initialized Capital roughly nine years ago and they’ve closed four funds since, including most recently in late 2018. That $225 million vehicle is roughly twice the size of their previous fund, but because of the coronavirus, the firm, and its portfolio companies — some of which include Opendoor, Instacart […] → Read More

Shaken market players won’t find buyers on the secondary market — yet –

Seasoned secondary players were expecting it. As the markets began to plummet in recent weeks, shareholders who’d turned down earlier offers to buy this or that holding were suddenly curious to see if those interested parties might still be interested. Alas, it was too late. The market was moving too fast. It still is. “Up […] → Read More

Longtime LP Chris Douvos shares how COVID-19 could shake up venture industry –

Chris Douvos runs a fund of funds called Ahoy Capital that manages assets on behalf of numerous nonprofit institutions, endowments and foundations throughout the U.S. Outfits that want exposure to startups — but aren’t large enough to contemplate funding them directly — count on Ahoy and funds like it to invest in venture firms on […] → Read More

Former Slack exec April Underwood has joined Obvious Ventures as a venture partner –

April Underwood, who until early last year was Slack’s chief product officer, has joined Obvious Ventures as a venture partner, she announced on Twitter today. Underwood said that as part of the firm’s team, she will “invest in great companies seeking to solve the big problems facing humanity: our climate, human health and wellness, and […] → Read More

When the ‘dry powder’ disappears –

Venture capitalists have raised record-breaking funds in recent years, but that doesn’t always mean the money is there for them when they want it. In extreme downturns, limited partners or LPs — the people and institutions that promise capital to venture capital firms, and then wire it when the VCs need it for their startups […] → Read More

Focused on health in the home, Novi lands $1.5M to help CPG companies source clean, safe ingredients –

Kimberly Shenk has been focused for a while now on “clean” products that are made without harmful chemicals. In 2017, Shenk and friend Jaleh Bisharat launched NakedPoppy, a site that curates and sells cosmetics that have been vetted by chemists (including some of its own products). Interestingly, as the young startup was announcing $4 million […] → Read More

Veteran VC Mike Volpi discusses investing and fundraising in ‘a very difficult time’ –

Last week, I talked with Mike Volpi, longtime Index Ventures partner and the former head of M&A at Cisco for many years before that. We originally planned to talk about Index and general market trends, and we did. The topics we discussed included whether self-driving technologies have attracted too much funding and the damage inflicted […] → Read More

Can investors invoke so-called force majeure clauses to get out of deals? Expect some to start trying –

Event organizers were the first to be hit hard. As fear of the spread of COVID-19 began to sweep cities and countries around the world last month, one by one, large conferences with long uninterrupted histories — Mobile World Congress, SXSW — began reluctantly pulling the plug on their plans. It wasn’t just a shock […] → Read More

NewView Capital’s Ravi Viswanathan on how mature companies can survive this market –

Ravi Viswanathan has been an investor long enough to see some serious ups and downs. Viswanathan most recently founded NewView Capital a couple of years ago — a firm that launched with $1.35 billion from investors, largely to acquire the stakes of 31 companies that had been funded by New Enterprise Associates. But before NewView, […] → Read More

With a string of hits behind it, Felicis Ventures wraps up its newest fund with $510 million look –

Felicis Ventures, the early-stage, Menlo Park-based venture firmed founded nearly 15 years ago by Aydin Senkut, has closed its seventh and newest fund with $510 million in capital commitments. That’s almost twice what Felicis raised for its last fund, which had initially closed in 2018 with $270 million in capital commitments but wound up garnering […] → Read More

Sequoia is giving away $21 million to a payments startup it recently funded as it walks away from deal –

In the world of venture capital, where trust between investors and founders is paramount to the success of both, investing in a company that competes with another startup in a firm’s portfolio is a no-no. Still, in a case that takes this understanding to a brow-raising extreme, Sequoia Capital has, for the first time in […] → Read More

Mobile banking app Empower Finance just closed a $20 million Series A round –

Another afternoon, another round of funding for a mobile banking app. This time, it’s Empower Finance a San Francisco-based company that is headed up by former Sequoia Capital partner Warren Hogarth and which just closed on $20 million in Series A funding from Icon Ventures and Defy Ventures. David Velez, who is the founder and […] → Read More

Kinnos, which makes colorized disinfectant to ensure surfaces are covered, just landed $6 million in funding –

Kinnos, a New York-based startup, was founded six years ago, but what the five-person company produces is suddenly top of mind — and a new round of funding reflects as much. To wit, Kinnos, which makes additives that causes disinfectants to turn blue long enough to ensure a surface has actually been covered, just closed […] → Read More

Veteran healthcare VC Camille Samuels explains why trying to cure infectious disease is a lousy business –

Camille Samuels has spent the last five years as a partner with the healthcare venture firm Venrock and a dozen years before that with Versant Ventures, where she was a managing director. This self-described “grizzled veteran” of the industry has participated in companies that have collectively taken half a dozen drugs to market, though she […] → Read More

Confirmed: Managed by Q sells to rival Eden for just 11% of what WeWork paid for it last year –

Managed by Q co-founder Dan Teran had a plan. After selling his office management company to WeWork last year for tidy $220 million — $100 million in cash and the rest in stock — he wanted to buy it back when WeWork decided to sell it off, along with some other properties that it viewed […] → Read More

Connie Chan of Andreessen Horowitz discusses consumer tech’s winners and losers –

Last week, I sat down with Connie Chan, a general partner with Andreessen Horowitz who focuses on investing in consumer tech. She joined the firm in 2011 after working at HP in China. From her temporary offices located in a modest skyscraper with unobscured views of San Francisco, we talked about where she sees the […] → Read More

Andreessen Horowitz has backed Run The World, a startup with a timely offering: live online events –

Every day, there’s another event-related cancellation owing to concern around the coronavirus. Just today Microsoft announced it will not have a presence at the Game Developers Conference in mid-March “out of an abundance of caution.” Facebook also said today that it is canceling its annual F8 conference scheduled for May over coronavirus-outbreak concerns. The last […] → Read More

A look at Made Renovation, which just raised $9 million in seed funding to zero in on bathroom remodels –

Made Renovation, a new, San Francisco-based company, thinks it has found a profitable way to help homeowners get done something that busy general contractors in the Bay Area won’t otherwise make time for, which is bathroom remodels. Why they typically pass on these: they have too many entire homes, or, at least, entire floors, to […] → Read More