• Bullpen Capital raises $130 million more to fund the far afield and misunderstood

    25 days ago - By Tech Crunch

    Bullpen Capital , a now 10-year-old, venture fund in Menlo Park that focuses on what it calls post-seed investing - it backs startups that have already raised up to $5 million and “aren't quite ready for a $10 million check but another $5 million would make them dangerous,” says firm cofounder Paul Martino - just closed its fifth fund with $130 million in capital commitments.
    The firm also brought aboard a new general partner: Ann Lai, formerly of Binary Capital, a firm that has since closed its doors but where Lai, who has a PhD in engineering sciences from Harvard PhD, developed a thesis...
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  • Hedge fund Coatue has become one of the most powerful startup investors of 2020, nabbing stakes in 14 unicorn so far

    Hedge fund Coatue has become one of the most powerful startup investors of 2020, nabbing stakes in 14 unicorn so far

    25 days ago - By Business Insider

    Summary List Placement A hedge fund is flying high over the startup world.
    Coatue Management, a type of fund that raises outside capital to invest in a smorgasbord of asset types, has written checks into at least 14 unicorn startups so far this year, including breakouts like Chime, Airtable, and Rivian, according to data from PitchBook and media reports.
    Its track record pits the hedge fund against some of the most well-endowed venture capital shops in Silicon Valley, who are all fighting for a stake in the hottest growth-stage startups before they go public or get acquired.
    Traditional...
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