• VC firms are launching SPACs, raising billions of dollars to potentially buy startups they're invested in

    13 days ago - By Business Insider

    Summary List Placement These days, more venture capital firms are either forming their own special purpose acquisition companies, or SPACs, or having internal conversations about doing so. A SPAC would let them launch a startup onto the public markets, even one from their own portfolios.
    Peter Hébert, a founding partner at Lux Capital, whose SPAC started trading on the stock market last fall, said he's had at least 60 phone calls with venture capitalists who are asking if they should jump on the trend.
    Lightspeed Venture Partners is among the SPAC-curious, according to Barry Eggers, a...
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  • How Miso Robotics went from scrappy fast-food robot startup to raising $37 million in VC, and why its founder will never give up on crowdfunding campaigns

    How Miso Robotics went from scrappy fast-food robot startup to raising $37 million in VC, and why its founder will never give up on crowdfunding campaigns

    13 days ago - By Business Insider

    Summary List Placement Miso Robotics made headlines nearly three years ago when it debuted a burger-flipping robot, Flippy, at a fast-food restaurant in Southern California. Flippy was billed as the world's first autonomous robotic kitchen assistant - one that would work alongside, not replace, restaurant workers.
    Flippy became an instant celebrity, often drawing large crowds at CaliBurger in Pasadena, California, the fast-food chain piloting the robot.
    "We did have people come into the shop every single day to come see the robot. There was a little bit of a cult following," Buck Jordan...
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