Bayer HealthCare starts its own accelerator – and it’s better than you expected

Bayer HealthCare appears to be the first pharmaceutical company to have started its own accelerator. The company that made €18.924 million in turnover in 2013 “understands that innovation and healthcare cannot only be driven by the industry but also needs creativity,” said Christian Ullrich, Head of Marketing & Sales IT at Bayer HealthCare yesterday.

Dear Uber & Lyft, get your shit together

Let’s start out by saying that I’m a big fan of both Uber and Lyft. I’m indirectly an investor in both companies as I’m an investor in three VC funds that are investors in Uber and one VC fund that is an investor in Lyft. I have no idea how much actual equity I have in either company, but based on current valuations the dollar value of my indirect ownership is non-trivial. And Foundry Group came close to investing in Zimride (the predecessor to Lyft) but we ended up withdrawing from what we thought was an inappropriately high-priced round, which, in hindsight, was clearly a miss on our part.

How to get funding, as told by August Capital (video)

The Internet has fundamentally changed the ways in which startups receive funding these days. In many ways, it’s much easier to connect with investors that you want to work with, but on the other hand, it’s much more difficult to secure funding because of the massive amount of competition in the marketplace. Thus, for early-stage startups, it’s incredibly important to hone in on your product or service and perfect your pitch if you want to be one of the few startups that succeeds.