Covering venture capital and tech for Bloomberg. WSJ and Bizjournals alum. Retweets not endorsements. Tips? lchapman19@bloomberg.net

Metromile raises $192 million to take on car insurance business

propertycasualty360.com — (Bloomberg) -- Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. - a $22 million purchase that includes Mosaic's licenses in 50 states.

Metromile Raises $192 Million to Take on Car Insurance Business

bloomberg.com — Fueled with $191.5 million from billionaire Mark Cuban and other investors, Metromile Inc. is now poised to complete its journey as a full-service car insurance company. The startup Wednesday said it had acquired Mosaic Insurance Inc. -- a $22 million purchase that includes Mosaic's licenses in 50 states.

SAP Commits $1 Billion to Invest in Global Tech Startups

bloomberg.com — SAP SE is doubling down on its role as venture capitalist, committing another $1 billion to invest in startups and early stage venture firms. Through its Sapphire Ventures, SAP will plow $700 million into startups and $300 million indirectly via stakes in a dozen venture firms worldwide.

AngelList Braces for Rainy Days as Startup Seed Funding Falls

bloomberg.com — AngelList is preparing for winter. The company, which runs an online portal connecting entrepreneurs with private investors, is assembling a "rainy day" fund and exploring new businesses as the market for investing in young startups slows. Naval Ravikant, the chief executive officer and co-founder of the San Francisco startup, said he's looking outside Silicon Valley to keep the money flowing in a downturn.

SessionM Valued at $205 Million to Gain in Mobile Marketing

bloomberg.com — Serial entrepreneur Lars Albright is at it again, with his new startup raising $35 million to make good on its vision to become the Salesforce.com Inc. of mobile marketing. Albright's five-year-old SessionM Inc. is pivoting away from its traditional approach to mobile-loyalty and advertising via discounts offered to consumers in exchange for watching videos and completing quizzes about Volvo and other big brands.

Bloomberg TV Canada

bloomberg.com — The sex-abuse lawsuit against former Sequoia Capital partner Michael Goguen may be foundering long before it reaches trial. Amber Laurel Baptiste and her attorney parted ways last month, delaying a hearing on whether she can dig into Goguen's past to back up claims he mistreated her for more than a decade and reneged on a $40 million settlement.

VCs Contend Their Carried Interest Isn t Like the Other Guys

accountingtoday.com — Venture capitalists are now the ones making a pitch. As both major presidential candidates promote U.S. tax policies aimed at ending special tax treatment for investment managers income, Silicon Valley is girding itself for potential reforms. Venture investors, facing the possibility of bigger tax bills, are trying to convince Washington that they re special and should be exempt.

As Clinton and Trump Call for Tax Reform, Silicon Valley Must Prove VCs Are Special

bloomberg.com — Venture capitalists are now the ones making a pitch. As both major presidential candidates promote U.S. tax policies aimed at ending special tax treatment for investment managers' income, Silicon Valley is girding itself for potential reforms. Venture investors, facing the possibility of bigger tax bills, are trying to convince Washington that they're special and should be exempt.

Jessica Alba’s Honest Co. Is Working With Banks on an IPO

Alphabet GV CEO Maris to Leave Venture Capital Arm He Started

talkincloud.com — (Bloomberg) -- Bill Maris, founder and chief executive officer of Alphabet Inc.'s venture capital arm, will leave the company on Friday after building the firm GV into a Silicon Valley powerhouse. David Krane, a managing partner at the firm formerly known as Google Ventures, will succeed Maris as head of the group, a person familiar with the matter said.
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Sep 15, 2016

RT @technology: AngelList braces for a rainy day as startup seed funding falls, reports @lizette_chapman  http://bloom.bg/2cBcrwX 

Sep 15, 2016

AngelList braces for a rainy day as startup seed funding falls  http://bloom.bg/2cpJx3e  via @technology

Sep 14, 2016

Take a look inside the cut-throat culture at China’s most-valuable public company  http://bloom.bg/2cEj3zn  via @business


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