This conversation never gets old.
Them: We'd like to use your data in our new XYZ platform.
Me: Cool. What kind of budget did you have?
Them: We want to partner.
Mr. Robot at home
We identified over 50 consumer robotics startups that are doing everything from household chores to providing educational services. The companies in our map have raised more than $900M in aggregate funding since 2013. Over 10 deals went to service robots last year, from fewer than 5 in 2014.
I find your analogy cruel
And as not anticipated, our use of the term "the foie gras'ing of startups" got emails from folks who found the term offensive. (See section called "Stuffed Startups" to see what I'm talking about.)
Knew I should have gone with fat unicorn instead (plus it would let me use the image below).
Again, I appreciate the few of you who find something to get offended by in every newsletter. The team and I are furiously working on a mind-numbingly boring newsletter for later this week.
That'll be all
We look at the recent increase in on-demand deals, after deals fell to a two-year low in Q2. Deal count was helped along by a growing number of smaller international deals. Our on-demand category includes companies that allow users to book services or order goods in real-time, generally via mobile, and receive them same-day or soon after.
Online orders for leggings have overtaken jeans orders among women buyers.
In related news, I'll be rocking my jeggings at The Innovation Summit. It's a sight to behold.
AI arms race
Nearly 140 private companies working to advance artificial intelligence technologies have been acquired since 2011, with over 40 acquisitions thus far in 2016. We tracked the timeline of acquisitions by corporate giants like Google, IBM, Yahoo, Intel, Apple, and Salesforce.
From American Express to BBVA to Goldman Sachs, major financial services firms are making their first investments into bitcoin and blockchain startups. And the herd of new strategic investors is playing an increasingly important role in the health of the financing market for startups in the space.
We plotted first investments by financial services firms in the space over time. As the chart illustrates, there’s been a plethora of first-time activity from corporates since August 2015.
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
Reuters. Andrew Torchia and Thomas Wilson (@tomwilson1983) write about the new $100B technology investment fund announced by SoftBank and Saudi Arabia and cite CB Insights data on venture capital funding in 2016.
USA Today. Jessica Guynn (@jguynn) reports on Google's push to fund Latino education groups and cites CB Insights data on the number of VC-backed startups with a Latino founder.
CNN Money. Huizhong Wu (@huizhong_wu) and Sara Ashley O'Brien (@saraashleyo) note the slowdown in India's startup boom, citing CB Insights' funding data.
Business Insider. Jeff Dunn (@deffjunn) writes that apps may have already peaked, based on CB Insights' analysis of startup company descriptions.
I love you.
P.S. Join us on October 25 for a data-driven look at Alphabet's strategy one year after restructuring. Sign up here.