MoneyTree release. Chinese unicorns. Drone disruption.

Just do it

Hi there,

We just released the Q3'17 MoneyTree Report with PwC which looks at VC-backed trends across the globe.

Check out some highlights scattered below.

But first.

Jet setting

I'm really excited to announce that Liza Landsman, president of will be joining us at the A Ha! Conference at SFJAZZ (San Francisco) from Dec 12-13th.

I think this headline from BI kind of says it all about the deal.

We're excited to dig into what has stayed the same, what has changed post-acquisition, and where Liza sees Jet and the broader commerce landscape going.

For attendees, we'll also be reaching out to you for questions for Liza, so stay tuned for that.

If you want a ticket, use code "jetsetter" to get $500 off through this Friday.

BTW, more on the naysayers below.

Incumbent catch 22

Innovating as a large corporation is tough.

One the one hand, the peanut gallery is always telling the incumbents that they're not doing enough to fend of insurgents.

But when they do something (invest, M&A, etc), that same peanut gallery is quick to say they're dumb or overpaid, or something along the lines of "look at sad [insert incumbent name] trying to maintain relevance."

It's an enigma wrapped up in a conundrum.

More below.

We're even

US VC-backed companies saw $19B in total funding invested across 1,207 deals in Q3'17. Deals were even with previous quarter, but down 6% over the same quarter last year.

Catch 22 (cont'd)

One incumbent that has seen both sides is Walmart.

First, it was "They're not doing enough to fend off Amazon."

Then Walmart bought for $3.3B and it was "Wow. The world's most expensive acqui-hire."

Yes, pretty thankless. 

Here's the deal.

If you do nothing, you are 100% guaranteed going to become irrelevant. The data on S&P 500 lifespan below clearly demonstrates that your days are numbered.

If you do something (acquire, invest, build crazy isht), you give yourself a shot.

Yes — you gotta be in it to win it.

And as evidenced by early returns for Walmart, it might just go pretty well.

This is Walmart's stock price outpacing the S&P 500 over the last year. 

Yup — big cos, it's time to get out of PowerPoint and start doing.

Unicorn down

In Q3'17, North America saw 5 companies join the ranks of private companies valued at $1B or more, down from 10 the quarter prior. Asia saw 6 companies become unicorns, for the second quarter in a row.

Speaking of unicorns

While the US has been the historic leader in unicorn births, other countries are starting to catch up. Chinese unicorns account for an increasing share of the world’s new unicorns. In 2017 year-to-date, 16 new unicorns have been born in China, and 59 since 2013.

Drones are everywhere

Drone technology has been used by defense organizations and tech-savvy consumers for a while. But the applications of this technology extend well beyond just these sectors.

From disease control to waste management to sports, check out the ways companies are harnessing drone technology for commercial purposes across industries.

The Industry Standard

CB Insights data is the most trusted by those in the industry and the media. A few recent hits.

HR Dive. Valerie Bolden-Barrett writes about the impact of AI on jobs and references CB Insights research on the topic.

Japan Today. A look at investment into Indonesia's startup scene with a mention of CB Insights funding data.

Bloomberg. Tim Culpan (@tculpan) reports on discussion around a Mobike and Ofo merger and cites CB Insights funding data.

I love you.


P.S. Come hear how Walmart has thrived post its acquisition of when we chat with Jet president Liza Landsman at A Ha! Get $500 off with code "jetsetter" right here.

The Blurb

A curated mix of articles worth sharing.

Reshaping Uber. The company’s new VP of design, Michael Gough (@michaelgough_), is a former architect who wants to make the company more empathetic.
Fast Company

Venture scale. Bryce Roberts (@bryce) on the changing definition of "venture scale."
Strong Words

When to stop doing it all yourself. Jason Lemkin (@jasonlk) says perhaps the biggest difference between most first-time founders and most second-time founders is how long they try to do it all themselves.

The conversational pitch. Fred Wilson (@fredwilson) on the topic of pitches without the use of a deck.
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