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August 18, 2017
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Alums of these schools raise the most VC
You don’t need a fancy degree to launch a funded startup, but it sure seems to help. A Crunchbase News study of university affiliations for funded startup founders finds that a handful of schools graduate a disproportionate share of those who raise big dollars. You can see how the top schools rank [here](.
Kalanick hits back in Uber suit
[Uber]( founder Travis Kalanick [fired back]( at venture investor Benchmark Capital following the firm’s fraud lawsuit against the former CEO. In a legal filing, Kalanick argued that Benchmark’s suit was initiated “as part of its public and personal attack” on him and that the dispute ought to be resolved in arbitration.
Why valuations are keeping unicorns private
Despite rumors, there have been no IPO filings this year from many of the biggest names in tech, like Airbnb, Dropbox, Pinterest, Palantir, and others. Why the hesitation? A [Crunchbase News analysis]( points to inflated valuations following late-stage funding rounds as a big factor.
ThoughtSpot discloses $60M funding
[ThoughtSpot]( a developer of AI-enabled analytics software, revealed a previously undisclosed $60 million financing led by Lightspeed Venture Partners and joined by new and existing investors. The investment completed a $120 million round for the five-year-old, Silicon Valley company.
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Tokopedia operates a marketplace that allows small retailers and large brands to sell to consumers in Indonesia. The Jakarta-based company has 5M merchants on its platform.
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ThoughtSpot is a search-driven analytics platform that uses relational search technology. The Palo Alto, Calif.-based company’s customers include Amway, Bed Bath & Beyond, Chevron, Capital One, De Beers, and Nutanix.
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Ripcord uses robots to digitize paper records for large corporations and organizations. The Hayward, Calif.-based company raised $25M in equity and $15M in debt, totaling $40M in Series B funding.
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