🔥 Hot Takes Tuesday for 2024-08-13
Quick take on SXSW PanelPicker and startup funding trends.
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Off the cuff analysis in a rapid fire format.
First… a quick aside.
SXSW 2025 PanelPicker voting started and I gathered some graphs.
Jay Cuthrell on LinkedIn: #panelpicker
Each year, SXSW #PanelPicker gets easier to show trends. 📊📉📈
Enjoy! Also, please vote!
Source: panelpicker.sxsw.com/vote
Okay. Let’s dig in…
Funds, Funding, and M&A
Techmeme: A profile of Peregrine, which was founded by an ex-Palantir exec to help US police access surveillance data, raised $30M in May, and had $10M in 2023 revenue (Thomas Brewster/Forbes)
By Thomas Brewster / Forbes. View the full context on Techmeme.
💰 + 👮♂️ There is probably a slice of the funding data from the origins of various Lord of the Rings named companies that could summarize how effective these founders have become at convincing US Government to part with constituent tax dollars while simultaneously claiming the US Government wastes constituent tax dollars. 💸
Techmeme: Tally, which helped users manage and pay off credit card debt, is shutting down; the startup had raised $172M and, per PitchBook, was last valued at $855M (Mary Ann Azevedo/TechCrunch)
By Mary Ann Azevedo / TechCrunch. View the full context on Techmeme.
🤑 + 💳 This could have been a lyric to an Alanis Morissette song.
Techmeme: Balderton Capital raised $1.3B for European startups across two funds: a $615M early-stage fund and a $685M fund for “growth” investing in more mature startups (Tim Bradshaw/Financial Times)
By Tim Bradshaw / Financial Times. View the full context on Techmeme.
💶 + 🤓 It is important to remember that there is more to the world of startups and technology than just Silicon Valley.
Techmeme: Sources: Anysphere, a GitHub Copilot rival, has raised a $60M Series A co-led by a16z and Thrive at a $400M post-money valuation (Marina Temkin/TechCrunch)
By Marina Temkin / TechCrunch. View the full context on Techmeme.
💰 + 🤖 Seeing the DevX aka developer experience companies getting funding means that software development is going to become even more interesting in the coming years.
Techmeme: DevRev, which develops AI tools to improve the efficiency of employees on support, product, and engineering teams, raised a $100M Series A at a $1.15B valuation (Katie Roof/Bloomberg)
By Katie Roof / Bloomberg. View the full context on Techmeme.
💰 + 🤖 Again, DevX is happening and the notion of being a software developer ONLY for a technology company is on a slow decline as more kinds of companies just happen to become more technology oriented.
Note: Some images via Unsplash
Disclosure
I am linking to my disclosure.
Cuthrell Consulting LLCAttn: Jay Cuthrell1903 Live Oak St #92Beaufort, NC 28516-0092
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