Sat.Feb 22, 2020

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The Strategic Importance of Competition

Tom Tunguz

When I started in venture capital, one of the questions I learned to ask very early on was competition. Founders would often reply that competition validates the opportunity. At the time, I thought it was a canned response, a clever parry, to avoid answering the question directly. I’ve since realized I was wrong. Let’s say you’re creating a category.

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Why has Skype co-founder Niklas Zennstrom’s venture capital firm raised over 800 million to back European startups?

SaaStr

Q: Why has Skype co-founder Niklas Zennstrom’s venture capital firm raised over 800 million to back European startups? It sounds like about the right amount. Some simple math: I think Atomico’s sweet spot is Series B rounds (though they do all types): A typical Series B today is $20m-$40m. Sometimes, a lot more. Let’s add in some Series As and say their average check size is $20m.

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Reading Between the Lines: SEC, Telegram, and Rule 144

Andreessen Horowitz

Many in the crypto community and beyond have been closely watching the SEC’s case against Telegram as another regulatory test for the fast-growing space. In a complaint filed in October 2019 in federal court, the SEC alleged that the company’s … The post Reading Between the Lines: SEC, Telegram, and Rule 144 appeared first on Andreessen Horowitz.