More Money More Problems
Welcome to Freshly Minted, where we examine an overlooked deal or funding announcement in tech from the past week, and tell you what you need to know, and why it matters.
This week’s deal: King-making VC firm Greycroft Partners raised its first growth fund for making even bigger bets on late-stage startups.
Greycroft Partners is Read More
Beg Borrow and Steal
Rumor has it that Path is about to score some fresh cash.
David Morin’s exclusive social networking app—the secret club that you may or may not want to be a part of—is reportedly preparing for a new round of fundraising that would put its total valuation at around $1 billion, says TechCrunch. The custom-designed, one-of-a-kind app for your night iPhone is reportedly looking to raise between $75 and $100 million from investors.
Along the road to raising a seed round, most entrepreneurs are going to hear the word “no” more often than they would care to remember.
In a fascinating little breakdown, Anatomy of a Seed Round, Brendan Baker of Angel List charted the rejections and connections that start-up AppMakr went through to raise $1 million.