Median wedding gift costs $49. Really?
I went to weddings 10 years ago and spent more than this. I'd like a refund.
Advances in artificial intelligence algorithms have put chatbots and voice assistants in the spotlight, with investor interest in the space increasing in recent months. We put together a timeline of major VC-backed bot startups according to date of first VC backing since 2014.
Best weeks ever
You know who is on a roll as of late?
Two billion dollar+ exits in the last 3 weeks as they were investors in both Dollar Shave Club and Jet.com. Congrats to Kirsten Green, Eurie Kim, and the Forerunner crew. Check out the Forerunner Ventures profile on CB Insights. And here's their un-exited portfolio companies sorted by Mosaic score so you can spot their next billion dollar exit, which by my calculations will come around August 29th (Note: subscription must have Mosaic score access to see this).
For those unfamiliar with Mosaic scores, they are like a FICO score for startups. We developed this with support from the National Science Foundation.
The unicorn herd stumbles
In the Q2’16 Venture Pulse Report from KPMG and CB Insights, we recorded a slight rebound in the emergence of new private companies valued at $1B+ or more in Q2'16, though the rate remains far lower than the double-digit quarterly pace of new unicorns seen in mid-2015.
Got lots of inquiries for speaking opportunities at The Corporate Innovation Summit yesterday. You can nominate yourself or someone here.
Please note that the few speaking slots we have remaining will go exclusively to (1) Fortune 1000 executives, i.e. C-level or those heading innovation, strategy, M&A, or ventures (2) a select set of general partners from prominent VC funds.
Payments on the rise
We look at quarterly financing trends and deal activity for payments startups since 2012. After seeing funding plunge at the end of Q4’15, payments startups have made a strong recovery raising $912M across nearly 150 deals in the first half of 2016.
The Trump slump
The folks at Foursquare used their data to understand foot traffic patterns at Trump properties since he announced his run for president. Based on their data, foot traffic growth has not been huge.
The CEO of Foursquare, Jeff Glueck, was a speaker at our Future of Fintech Conference this past June. On a panel about alternative data with Point72 Asset Management, Bank of America, and App Annie, Jeff talked about Foursquare becoming the Nielsen of the real world. It's worth a listen.
Get our alternative data presentation from the conference here.
Here's a landscape of 100+ companies in the key categories shaping ed tech, from online learning platforms to learning-management systems to study tools, and more.
The Industry Standard
CB Insights data is the most trusted by those in the industry and the media. A few recent hits.
WSJ. Don Clark (@donal888) reports on recent AI acquisitions by Intel and Apple, referring to CB Insights research on the artificial intelligence industry.
Money Morning. Harje Ronngard calls autonomous vehicles the biggest investment trend of the century, citing CB Insights research on companies working on this technology.
Silicon Valley Business Journals. Cromwell Schubarth (@SVBizCrom) covers the latest Corporate Venture Capital report from CB Insights, highlighting the category leaders.
Mashable. Kerry Flynn (@kerrymflynn) uses CB Insights data and charts in this coverage of the Corporate Venture Capital report, including most-active investors and overall funding trends.
Have a great rest of the week.
I love you.
P.S. Our corporate VC activity and trends research brief is coming up on August 18th. Register.