Before reports of Donald Trump’s son-in-law Jared Kushner divesting his assets, since 2012 he owned several funds in his brother investment firm Thrive Capital which was a co-investor with Russia’s state-owned bank VTB venture firm. Thrive Capital and DFJ VTB Capital Aurora and VTB Capital Management for several years have been co-investor of a tech company called FAB.COM until it went bust. In 2015 Business Insider published an article titled “THE TECH ‘TITANIC’: How red-hot startup Fab raised $330 million and then went bust” and once again 2017 we would hear that echo again in 2017 sramanamitra.com would publish “Death by Overfunding: Fab.com”
Joshua Kushner is founder of Thrive Capital which is a venture startup business. VTB Capital is a part of the Russian Bank. It was sanctioned by the U.S. in 2014.
Fab’s investors include The Washington Post Company, Allen Morgan, Lars Hinrichs, Don Baer, Baroda Ventures, Thrive Capital, First Round Capital (where Partner Josh Kopelman is a personal investor in PandoDaily), Baroda Ventures, Zelkova Ventures, SoftTech VC, SV Angel, Menlo Ventures (which invested in Pandodaily via its Talent Fund), Ashton Kutcher, Guy Oseary, Kevin Rose, Jon Anderson, Dave Morgan, Ben Ling, David Tisch, A-Grade Investments, Andreessen Horowitz (where partners Marc Andreessen, Chris Dixon and Jeff Jordan are personal investors in PandoDaily), RTP Ventures, Pinnacle Ventures, DoCoMo Capital, Mayfield Fund, Atomico, VTB Capital Investment Management, and Phenomen Ventures.
Below I’ve provided information on how venture investments.
A venture round is a type of funding round used for venture capital financing, by which startup companies obtain investment, generally from venture capitalists and other institutional investors. The availability of venture funding is among the primary stimuli for the development of new companies and technologies.
- Co-investors, other major investors who contribute alongside the lead investor
- Follow-on or piggyback investors. Typically angel investors, rich individuals, institutions, and others who contribute money but take a passive role in the investment and company management
- The company being funded
- Law firms and accountants are typically retained by all parties to advise, negotiate, and document the transaction
- Founders or stakeholders. Introduce companies to investors.
- A lead investor, typically the best known or most aggressive venture capital firm that is participating in the investment, or the one contributing the largest amount of cash. The lead investor typically oversees most of the negotiation, legal work, due diligence, and other formalities of the investment. It may also introduce the company to other investors, generally in an informal unpaid capacity.
To those who aren’t well versed in the field of entrepreneurship and early stage investing, Series A, Series B, and Series C might seem like confusing terms. Fortunately, the terms are easy to understand. Series A, B, and C have nothing to do with the alphabet, rather with the development stage of the companies that are raising capital. Series A, B, and C are necessary ingredients for a business that decides “bootstrapping,” or merely surviving off of the generosity of friends, family and the depth of their own pockets, will not suffice.
The main differences between rounds are the maturity levels of the businesses, the type of investors involved, the purpose of raising capital and how it is ultimately allocated. The funding rounds begin with a “seed capital” phase and follow with A, B and then C funding. Once you understand the distinction between these rounds, it will be easier to analyze headlines regarding the startup and investing world, by grasping the context of what exactly a round means for the prospects and direction of a company. Series A, B, and C funding rounds are merely stepping stones in the process of turning an ingenious idea into a revolutionary global company, ripe for an IPO.
Read more: Series A, B, C Funding: What It All Means and How It Works | Investopedia http://www.investopedia.com/articles/personal-finance/102015/series-b-c-funding-what-it-all-means-and-how-it-works.asp#ixzz4htX5VaVg
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|VTB Capital Investment Management||Series C (Lead)||