Venture Capital: (Coronavirus) New Service Matches Cash-Hungry Startups With Still-in-the-Game Investors
In these troubled, virus-ridden times a seasoned VC investor is creating a database to match up entrepreneurs with investors.
Laurent Grill has over a decade of experience in the Los Angeles venture finance industry. He is an investor at Luma Launch, the corporate venture arm of the film studio Luma Pictures. Realizing the current uncertainties startups are facing with their funding, Grill decided to put his not inconsiderable network to use. (TechCrunch)
Grill: Matchmaking “companies raising” with “investors investing”
In a simple but effective strategy, Grill created two lists – one for startups needing cash, the other of investors still having dry powder and looking to cut cheques.
Then he went to town on almost every social media platform and requested investors, venture capitalists, and PE players to sign up to the (private) list.
Grill asked founders and entrepreneurs to input their details to the startups’ list.
Successful haul of investors
In a surprise of sorts, Grill drew responses from about 400 interested investors. Though he’s not volunteering too much information, he did let drop that the list includes top-flight investors at some of the largest funds.
Founders worried about how to keep the lights on would be heartened to learn that a lot of these investors have privately told Grill that they are very much open for business. Even in these trying times of Zoom diligence.
“I want to create an ecosystem where everyone can recognize that people are trying to be active,” Grill told TechCrunch. “That’s when I made the public post… I think someone needs to step up and open this up to the general community and the tech community as a whole to help decipher the noise.”
Related Story: Venture Capital: Sequoia Capital Sounds Alarms About “Black Swan” Coronavirus
Latest Alternative Investment News
Artificial Intelligence: AMD Takes On Rivals In The AI Chip Sweepstakes
Chipmaker AMD (NASDAQ: AMD) has unveiled a range of innovative AI solutions spanning from data centers to personal computers. The AMD Instinct MI300 Series features data center AI accelerators, while…
Digital Assets: Robinhood Debuts Crypto Trading On Its App In The EU
Robinhood (NASDAQ: HOOD) has launched its Crypto app in the European Union (EU), allowing eligible customers to engage in crypto trading with the added incentive of earning Bitcoin rewards. Customers…
FinTech: Samsung Electronics Ties With Mastercard’s Wallet Express
Samsung Electronics (KRX: 005930) and Mastercard (NYSE: MA) have partnered to launch the Wallet Express program, offering banks and card issuers a cost-effective way to expand digital wallet offerings. Through…
Venture Capital: Revaia, Europe’s Biggest Female-Led VC Firm, Racks Up $160M For Second Fund
Revaia, Europe’s largest female-founded venture capital firm, has successfully raised €150 million ($160 million) for its second fund, Revaia Growth II. The funding was secured from sovereign wealth funds, family…