Venture Vehicles, maker of high-priced electric scooter, gets backing
(Update: The company’s supporters have orchestrated a campaign to criticize this article; see comments below)
Venture Vehicles, a Los Angeles company developing a three-wheeler car that you can plug into a electrical outlet, with a glass canopy roof that can reportedly out-accelerate a Porsche Boxster — and get 100 miles to the gallon — has just raised $6 million in a first round of funding.
NGEN Partners made the investment.
We’ve mentioned the company before. It is just… Continue Reading
Is Web 2.0 over and out?
Updated
New Internet technologies, defined vaguely as “Web 2.0,” have gone mainstream, but the cycle of innovation may be slowing, suggests a venture capitalist.
Separately, data shows that venture investments in Web 2.0 companies last year increased strongly, but that valuations actually dropped.
Peter Rip, of Crosslink Capital, who has invested in several Internet companies considered Web 2.0-focused, including Riya, Vast and Teqlo, posits that one way to check the “energy dissipation” around Web 2.0 is to look… Continue Reading
Best time to raise money since bubble-year 2000
Folks, venture capitalists are investing money at the sweetest terms since the fourth quarter of 2000 — which was shortly after the all-time high when the Internet bubble burst.
Now is the time to go raise your money for your start-up: Venture capitalists valued U.S.-based private companies at a median of $23 million while investing during the second quarter of this year, or $7 million more than the same quarter a year ago.
This comes from… Continue Reading