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The millennials are taking over--VCJ news analysisThis is not your father’s tech company. More millennials are entering the workfoce and launching startups innovating with the younger generation in mind.
The millennials are taking overThis is not your father’s tech company. More millennials are entering the workforce and launching startups innovating with the younger generation in mind.
Aspect, DBL, QED invest in millennial-focused job search site The MuseNew York-based The Muse, provider of a career and jobs search site targeted to millennials, announced it has raised $10 million in Series A funding from Aspect Ventures, DBL Partners and QED Investors. Theresia Gouw from Aspect and Nancy Pfund from DBL are joining the board as a result of the fund. Caribou Honig from QED is joining as a board observer. The company, which targets millennials and has grown to 3 million users per month through word-of-mouth, previously raised $2.8 million in funding, including a $1.3 million debt round in 2012 and $1.5 million seed funding in 2013. Co-founder and CEO Kathryn Minshew told peHUB that the company employs 33 fulltime people in New York and is looking to add 25 over the next several months.
- Industry Ventures leads $40 mln round for The RealReal
Luxury resale site The RealReal has secured $40 million in Series D funding. Industry Ventures led the round with participation from other investors that included e.ventures Growth, Greycroft Growth, DBL Partners, Canaan Partners and InterWest Partners. In addition to the funding, Cynthia Ringo of DBL Partners has been added to The RealReal's board of directors.
- Venture-backed Better Place launches $1bn electric car effort
Better Place, backed by Morgan Stanley and VantagePoint Venture Partners, will begin building charging ports and battery exchange stations throughout the San Francisco Bay Area in 2010.
- Venture-backed Tesla cuts costs
The California-based producer of luxury electric cars, which is supported by roughly $140m in venture financing, has instituted a number of measures to see it through the difficult market conditions including layoffs and leadership changes.