StrictlyVC: November 9, 2017

November 9, 2017

 

Hey, everyone, happy Thursday morning! It’s planes, trains, and automobiles for us today after a very fun, if short, week in Lisbon. Please forgive any and all typos. We’re zonked and in between flights.:) More tomorrow.

 

 

Top News

 

Saudi billionaires and millionaires are seeking to move assets from the kingdom and the wider Gulf Cooperation Council region as a crackdown on alleged corruption intensifies, according to Bloomberg; it says that in addition to arresting princes and ministers, lenders are being asked to freeze the accounts of dozens of other individuals.

 

Some senators are pushing to ditch Social Security numbers in light of the Equifax hack.

 

 

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Trump’s Digital Media Strategist: Social Media Platforms were ‘All Wanting’ Campaign’s Money

 

Yesterday, at the Web Summit conference in Lisbon, Brad Parscale, the digital director of Donald Trump’s presidential election campaign, revealed much more about Trump’s election campaign and the role that Facebook played in it.

 

In conversation with renowned investigative journalist Michael Isikoff, Parscale also suggested that if anyone was seeking support from the Russian government during the campaign — or ignoring nefarious signs about Russian actors — it was the social media platforms, all of which were chasing the money.

 

Isikoff started the interview by remarking on the Democratic wins in Virginia on Tuesday, but he quickly pivoted, asking Parscale what he understood about social media during the campaign season that the “Clinton campaign did not.”

 

Parscale said that two things worked to his benefit: the recognition that “eyeballs were moving to social media and mobile phones and devices in huge numbers” and that he “had a great piece of product that would resonate with Americans.” Trump, in other words.

 

“It was the right mix,” Parscale added. “Whenever anybody is in marketing or advertising, it’s a lot easier to sell an iPod than [its short-lived competitor] Zune.

 

Parscale also shared more detail about the campaign’s need to raise money, saying that when “Donald Trump became the candidate, we didn’t have any money other than Mr. Trump’s money and I don’t think he wanted to write all that check himself.” Parscale said he subsequently saw the need to “create a grass-roots campaign and find millions of people to be our grassroots supporters.” He said that Facebook “allowed us to do that in alarming numbers, very fast.” In fact, he credited the Trump  campaign’s Facebook initiative with producing $280 million dollars, $100 million of which was then poured into targeted ads, on Facebook, with the help of Facebook employees.

 

The employees “weren’t crafting ads,” insisted Parscale. “They were there to help us support their platform.

 

“Look,” he said. “You go spend $300 million [on advertising], [and] $100 million dollars on social media, [and] a lot of people show up at your office, wanting to help you spend that money on their platforms. Facebook would rather have me spend that $100 million on their platform. Twitter would rather me spend it there. Snapchat. Google They were all wanting to have that money.”

 

More here.

 

 

New Fundings

 

Crux Informatics, a months-old, New York-based startup that says it wants to help Wall Street clean its data, has raised $10 million in funding led by Goldman Sachs, with participation from undisclosed other institutional investors. TechCrunch hasmore here.

 

EclecticIQ, a three-year-old, Amsterdam-based cybersecurity firm, has raised €14 million ($16.2 million) in Series B funding from Keen Ventures Partners and earlier backers. It has now raised more than €20 million ($23 million) altogether. Tech.eu has more here.

 

Enview, a three-year-old, Bay Area-based company that’s mapping the world in 3D with geospatial big data analytics, has raised $6 million from investors led byCrosslink Capital, with additional participation from LemnosPromus Venturesand Skype co-founder Toivo Annus. TechCrunch has more here.

 

EOC Pharma Group, a nearly two-year-old, Shanghai City, China-based oncology-focused development and commercialization company, has raised $32 million in Series B funding led by Taikang Investment, with participation from Sequoia China and H&Q Asia PacificMore here.

 

Modern Adventure, a months-old, Portland, Ore.-based experiential travel company, has raised $1 million in seed funding led by Seal Rock Partners, with participation from unnamed angel investors. More here.

 

Natural Cycles, a four-year-old, Stockholm, Sweden-based startup pushing to establish what it bills as a “digital contraceptive,” has closed on $30 million in Series B funding led by EQT Ventures, with participation from earlier investors Sunstone,E-ventures and Bonnier. TechCrunch has more here.

 

Qubole, a six-year-old, Santa Clara, Ca.-based big data-as-a-service company, has raised $25 million in funding co-led by Singtel Innov8 and Harmony Partners, with participation from earlier backers CRVLightspeed Venture Partners,Norwest Venture Partners and Institutional Venture PartnersMore here.

 

Rollick Outdoor, a months-old, Austin, Tex.-based marketing platform for retailers and manufacturers that helps them tailor individualized online and in-store experiences, has raised $5.6 million in seed funding. The round was led bySilverton Partners, with participation from Autotech VenturesTroy Capital PartnersCapital Factory and Bazaarevoice cofounder Brett HurtMore here.

 

Treasury Intelligence Solutions, a seven-year-old, Walldorf, Germany-based company behind a SaaS-based cloud platform for managing and analyzing corporate payments, has raised $12 million in funding from 83North, with participation fromTarget Partners and Zobito. Tech.eu has more here.

 

Tricida, a four-year-old, South San Francisco, Ca.-based Phase 3 stage biopharmaceutical company that’s developing non-absorbed oral drug therapies, has raised $57.5 million in Series D funding. Investors include Wellington Management CompanyVenrock Healthcare Capital Partners and Cormorant Asset Management, along with earlier backers OrbiMedLongitude Capital,Sibling Capital VenturesLimulus Venture Partners and Vivo Capital. The company has now raised $153.3 million altogether. More here.

 

 

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IPOs

 

Roku, the digital streaming business, issued its first earnings report as a public company, and it greatly surpassed analyst expectations, sending the company’s shares up 26 percent in initial after-hours trading. TechCrunch has more here.

 

The Chinese search engine company Sogou has priced its American depository shares at $13, coming in at the top of the expected range and putting the size of its IPO today at $585 million. The Financial Times has more here.

 

What all these hot IPOs say about Hong Kongs’s next crash.

 

 

Exits

 

Continental, a Hanover, Germany-based company that develops tech and services for sustainable and connected mobility, is acquiring Argus Cyber Security, a four-year-old, Tel Aviv, Israel-based company whose technology guards cars against hacking. The amount of the deal was not disclosed. Argus had raised at least $25 million from investors, shows Crunchbase. Its backers include Vertex Ventures andMagna International. Reuters has more here.

 

 

People

 

Airnbnb cofounder Nathan Blecharczyk is predicting that China will be the company’s largest source of business by 2020.

 

Shernaz Daver, the chief marketing officer for Udacity, has stepped down. Daver is also an advisor to Google Ventures. No word yet on her next steps.

 

A letter from DST Global’s management team to its limited partners seems seems designed to assuage investors that DST will protect their identities despite coming under recent scrutiny itself.

 

Former Yahoo CEO Marissa Mayer apologized yesterday for two massive data breaches at the internet company, blaming Russian agents for at least one of them.

 

Silicon Valley VC Shervin Pishevar was arrested but never charged over an alleged rape in London. Forbes has the story here.

 

 

Essential Reads

 

The U.S. Department of Justice is saying ‘not so fast’ to Time Warner’s sale toAT&T. A central component of the dispute is CNN — the network that Donald Trump has frequently attacked as a purveyor of “fake news.” More here.

 

According to the New York Times, China spends hundreds of thousands of dollars each quarter, spreading propaganda on Facebook.

 

Uber has asked its drivers if they want to provide other on-demand services.

 

In unrelated news (we think), Uber‘s  ‘flying cars’ could arrive in L.A. by 2020, reports The Verge.

 

 

Detours

 

Scientists saved a kid by growing a whole new skin for him(!).

 

How to get over the need to be liked by everyone you meet.

 

A Bloomberg reporter recounts dining with Prince Alwaleed bin Talal, just days before his arrest last weekend.

 

 

Retail Therapy

 

Jon Hamm’s New York apartment, now available to rent for $15,000 a month.

 

 

 


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