sues an Australian woman after erroneously sending her $10.5M in May 2021 after she requested a $100 refund; the woman allegedly purchased a house (
@mdisalvojourno
/ Decrypt)
Exciting news: Announcing Craft III, a $1.1 billion fund, that will allow us to double down on supporting founders in build mode.
We will be investing at both the early (seed, A and B) and growth (C and later) stage w/ a focus on SaaS & marketplaces.
Big things are ahead 🚀
@John_Fanta
Storrs for the three-peat. In a few years, he takes over MSG/Knicks with a big east roster of uconn and nova guys. NBA will be there, maybe just not the Lakers but who cares.
Dan Hurley is a special coach and will be an NBA coach if/when he wants that. He should hold out for the right opportunity; the Lakers aren’t it today. Too much pressure to win now with a questionable roster.
Let’s go for a UConn three-peat and then take over the Knicks with a
Breaking: The Lakers are targeting UConn's Dan Hurley to become the franchise’s next coach, sources tell
@wojespn
.
The team has had preliminary contact with Hurley and the sides are planning to escalate discussions in coming days, sources say.
More:
Pretty crazy –
@Reddit
IPO is this morning. This all feels surreal, and I couldn’t be more excited and proud of the team. I remember joining Reddit in 2015 – the website looked like a dystopian Craigslist. It was unclear if they wanted to make money and build a real business.
Big week for NYC tech. And excited for what’s ahead. Lots of talented founders in build mode 🗽
@slice
raises $43m Series D
@Giphy
acquired by Facebook for $400m
@datadoghq
had amazing earnings, stock up ~50% since May 1, $20b public company
@digitalocean
valued at $1b+
"I think we could be in for a correction or downturn or bear market that we haven't seen in awhile. And I think Founders need to be aware of that. If you have a term sheet outstanding I would close that money very quickly."
@craft_ventures
@DavidSacks
#BloombergTech
@mcbridesg
They want to be a part of it: VCs are flocking to New York like never before.
Here's what's driving a great migration in startup capital to the city that never sleeps (on dealflow).
Moving
@KembaWalker
from starting PG to being completely out of the rotation was stupid. Kemba continues to be an absolute class act when 99% of other players would be throwing a fit. Kemba & team deserve better - this move was not it. He will help another team that lets him
“Nobody feels bad for you….Not how life works, everything’s not always gonna go your way….Adversity hits everyone…and it’s all about how you go through it, and how you get out of it“: Kemba Walker’s message to young players
Very excited to be leading the
@snackpass_
Series B. Since tracking the company from its launch at Yale to spending time with the team, it became clear that there was a massive opportunity with an A++ team. Thrilled to be working with you
@ktizzel_
@jamiesmarshall
🚀🍕🍔🚀
If he comes back the momentum UConn has as a program is insane. All time high
If he leaves I think we will be fine, but it’s a gut punch to uconn and *all* of college basketball
UConn coach Dan Hurley plans to make a decision on his future Monday, he tells ESPN. Lakers made a “compelling case” to him in LA but he loves what he’s built with the two-time defending national champions and is weighing it all now. Full story:
When
@StevenACohen2
bought the
@Mets
, it was the start of a new era. Ultimately, it has to be proven on the 🏟️ but feeling 💯 about what's ahead. From signing
@Max_Scherzer
and Buck Showalter, talent + hustle on & off the field..
57 days, 9 hours until Pitchers & Catchers
#LGM
BREAKING: Connecticut’s Dan Hurley has turned down the Los Angeles Lakers’ six-year, $70 million offer and will return to chase a third straight national title, sources tell ESPN. LA would’ve made him one of NBA’s six highest paid coaches.
Seeing this more and more. New York is a great place to build a company - strong talent across sales, marketing, design, engineering and product. Lots of customers. And great energy. (Disclosure: subways are not great)
@GottliebShow
Highly doubt this. Casey is one of the highest-integrity agents in baseball and has been around far too long to make a conscious decision like that.
Had a dream that I had two unopened
@nba_topshot
packs and wasn't sure if it was real for a minute. Confirmed it was a dream. What are you doing to us
@rohamg
!?! 🤣
Excited to be investing in Joe Coffee who is bringing mobile ordering to independent coffee shops. Ordering ahead via the Starbucks mobile app is great, but being able to order ahead from your favorite local coffee shop is even better
@JoeCoffeeApp
@DarrenHeitner
@stoolpresidente
It’s a hard business. They need to pay up for the best writers / content. And then they need to spend to acquire subscribers. And then they need to keep their subscribers long enough to pay off their acquisition cost… all the while competing with free sources of content
Excited for
@craft_ventures
to be leading the $15M Series A round of ConverseNow.
ConverseNow uses voice AI to automate restaurant orders on voice channels (phone, drive-thru, etc). Restaurants love it because they see clear ROI.
Congrats
@vinayshukla_est
@rahulpers
🚀🧑🍳📞
Excited to be leading the Series A in
@snackmagic
.
SnackMagic allows companies to easily treat their employees, event attendees, customers, and friends (anywhere in the world) with snacks & beverages of their choice.
More on why we invested here:
Wow --
@superplastic
is in
@FortniteGame
. Well done,
@paulbudnitz
and team.
"Guggimon has gone from shoplifting knock-off handbags at Ross's to starring alongside Superman & Rick Sanchez 🤯 in Fortnite Chapter 2 Season 7: Invasion!"
Introducing SaaSGrid...these are the metrics we look at when evaluating SaaS companies.
We've made it easy for founders and their teams to easily generate these metrics, whether it's for fundraising, board meetings, or just to get a better handle on how you're doing.
New blog post: The SaaS Metrics That Matter
Here are the metrics that Craft analyzes for a SaaS investment. Plus we're open-sourcing our internal tool SaaSGrid to help you easily generate them.
Going from a startup to a scaled business w/ hundreds of millions in annualized revenue + users is so hard; that's why it is so rewarding for early believers (investors/employees) to recognize returns
Limiting exits to IPOs only and sidelining M&A optionality is detrimental to
After an intense 15 months of review, today Adobe and Figma have decided to end our pending merger, as we no longer see a path toward regulatory approval of the deal.
Very excited for
@craft_ventures
to be leading
@ClickUp_app
$35m Series A
It has been energizing to become part of the ClickUp community and to see their users directly contribute to their product roadmap, with new features launched weekly.
Excited to be supporting
@trylolli
and their mission of making it easier for everyone to own bitcoin. Getting free bitcoin for shopping at merchants you're already buying from is a no-brainer.
If you haven't watched the documentary Outcry on
@Showtime
, do yourself a favor and watch. Maybe the best documentary of 2020 and deserves more attention. Such a well-done film that illustrates an issue we all need to be more aware of
@GaebriKelley
@Roundmp
@StephenEspinoza
Congratulations
@travisv
@BirdRide
team. Your vision and hard work turned micro-EVs into a movement. Proud that my first check as a VC was to lead your Series A — and now a public company just 4 years later. Looking forward to the next chapter as $BRDS!
Excited to be doubling down and leading the $33m Series B in
@Scratchpad
-- a product I wish existed when I was building sales teams.
Scratchpad has become a must-have for fast-growing sales orgs. The user love from both managers and IC's is A++
Love this one. Nissan is activating on
@Reddit
by promoting their Star Wars partnership and challenging Reddit users to design a Star Wars-inspired car. The winning design will actually get built into a real car and delivered to that person.
Excited to be an investor in my best purchase of the year. I miss my
@eightsleep
every time I travel and am thrilled to support innovation in this space, where the health benefits are real.
The
@WearAtoms
have landed. Very cool to have met the amazing founders
@waqasali
@sidraqasim
months ago before they started shipping and to now see them talked about all over. Nice work you two. Well done. 👏👏
True that
@fintechjunkie
@howardlindzon
“The first board meeting after you make an investment is the ‘oh shit’ board meeting … because at that point you actually know what you invested in”
Congrats to the
@eightsleep
team on being named one of the Most Innovative Companies of 2022 by
@FastCompany
🚀🚀
Everyone I know who has gotten one raves about it for a reason. Congrats
@m_franceschetti
@a_zatarain
and the entire team
We are honored to be named one of the Most Innovative Companies of 2022 by
@FastCompany
🦾
Being among the world’s top wellness brands is a testament of how far we have come & how far we will go
We couldn't have done it without you🖤
#FCMostInnovative
Excited for our growth fund to be leading the $110m Series B in Vanta, the leading automated security and compliance platform alongside Sequoia & YC
Congrats
@christinacaci
and the entire
@TrustVanta
team!
More from
@DavidSacks
on why we invested:
This is a company that has been completely bootstrapped up until now - and has 100,000 teams using ClickUp to be more productive.
More from
@DavidSacks
on why we're excited to be leading this Series A:
Which do you think took longer?
A) Getting "Card Benefit Services" via Chase to (finally) approve a Trip Cancellation/Interruption claim
or
B) Buying a rare sealed/graded Playstation 1 Game (Twisted Metal II)
Boom, we are excited to announce the launch of our Pod Pro Cover. All the cutting-edge benefits of the
@eightsleep
Pod Pro, without having to change your mattress. Make your dumb bed cool! Get yours:
MLB is lucky to have so many star players right now and they're doing everything they can to blow it. Potential MLB/MLBPA strike, not electing the best players to HOF, lack of innovation. It's painful to watch. We should be counting down the days for pitchers & catchers
#MLB
Congrats to the entire
@eightsleep
team on this milestone.
I was a customer before I was an investor. I love this product. The hype is real on this one ⬆️🚀🎉❤️
BREAKING NEWS
We are proud to announce that
@eightsleep
has raised a $86M Series C.
Sleep hasn't changed for 1000s of years, until the Pod. This funding will unlock development of cutting-edge tech that tracks more bio signals & maximizes recovery & rest
Congrats
@clickup
@DJ_CURFEW
on their Series C - their execution has been energizing and we're thrilled to invest again alongside new investors
@a16z
@lightspeedvp
Meritech & Tiger
The best all-in-one collaboration platform all teams should be using 🚀🚀
Excited to be an investor in
@copy_ai
@PaulYacoubian
@chris__lu
and the incredible team they are building (in public!)
They are changing the game for how copy is produced using AI. This isn't some wishy-washy AI future prediction. The product is live, working, and incredible
Announcing our $2.9m seed round at 🥳
@DavidSacks
at Craft Ventures,
@ljin18
at Atelier Ventures,
@Alfred_Lin
at Sequoia and a 80+ amazing angels.
We have the best startup investors on the planet.
Let's go! 🚀
Thrilled to be co-leading Waybridge's Series B alongside
@marissa
and investing in an incredible entrepreneur in
@bokelley
and team.
Brian previously brought transparency to the buying/selling of digital ads with AppNexus (acquired for $1.8b). Now it's onto raw materials!
Excited to announce that Waybridge has raised a $30MM series B, led by
@marissa
and to welcome
@jefffluhr
and
@BRosenblatt4
from Craft to the team!. More here:
The number of active VC funds in NYC has increased 5x over the last five years.
Founders: another reason why it’s a great time to build a company here.
@PrimaryVC
#nycsummit19
Being able to move forward w/ a "new normal" while staying heads down, and upbeat will be a competitive advantage. Too many founders (and investors) are in denial and simply "waiting", which may prove to be a costly decision.
An entire generation of entrepreneurs & tech investors built their entire perspectives on valuation during the second half of a 13-year amazing bull market run. The "unlearning" process could be painful, surprising, & unsettling to many. I anticipate denial. Some thoughts:
🚀
@Reddit
is going public!
After 15+ years of building community and slowly ramping up ads, Reddit has filed for an IPO.
In 2021 they made over $800M in revenue
Back when
@brosenblatt4
joined the Reddit team, the company generated less than $10M in revenue
Congratulations Matt and the entire
@PaveComp
team on their $100M Series C and the acquisition of Option Impact
Startup acquires the incumbent! 🚀
I wish Pave existed years ago when we were doing compensation planning but I am thrilled it’s here now as both a user and investor
1/
Thrilled to make two Pave announcements today:
1) We have raised a $100M Series C led by
@IndexVentures
2) In parallel, we acquired Option Impact from
@MorganStanley
, making Pave the largest compensation provider for private companies in the world
CEO Jack Dorsey said Twitter is looking to change the focus from following specific individuals to topics of interest, acknowledging that what's incentivized today on the platform is at odds with the goal of healthy dialogue
"Returnly announced on Wednesday that it has raised $19 million in a Series B funding round, led by venture capital firm Craft Ventures and with participation from Max Levchin, the PayPal co-founder who currently runs Affirm"