| Happy Friday, everyone! We have a super streamlined version of SVC for you today as we have family barging in the door any minute. Before we hit the pause button for the next two weeks, we want to say to all of you how much we appreciate your time and attention and ongoing support. We hope 2018 is everything you’re hoping for and more.
See you in a couple of weeks.:) |
| Top News
Donald Trump just signed a $1.5 tillion tax cut.
After 17 years between at Google, as both CEO, then Alphabet chairman, Eric Schmidt is stepping down and into a technical advisory role. Alphabet’s statement on the timing wasn’t so telling.
Bitcoin has been on a tear this past with the value of the cryptocurrency jumping from $8,000 to nearly $20,000. That run hit an abrupt end today as the price crashed as much as 23 percent on Coinbase. The price briefly dipped below $12,000 on some exchanges at around 7:30 a.m. London time, notes TechCrunch. More here. |
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| A Look at 42 Women in Tech Who Crushed it This Year
What a challenging, exhilarating year it has been for women everywhere, starting from the women’s March on Washington to former Uber engineer Susan Fowler’s eye-opening and now famous blog post to the #metoo movement that has swept the country, washing dozens of sexual predators out of their powerful roles in the process.
All the while, women in tech have been driving their companies to new levels of success, including reaching difficult product development milestones and, in many of the cases you’re about to read, raising meaningful follow-on funding.
That’s not always an easy task, as many will tell you. In 2016, companies with at least one female founder raised 19 percent of all seed rounds, 14 percent of early-stage venture, and just 8 percent of late-stage venture rounds, according to Crunchbase.
Herewith, just 42 of the many women who defied the stats this year — and who are posed to kick more arse in 2018.
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| New Funds
Section 32, the San Diego, Ca.-based venture firm founded last year for former GV CEO Bill Maris, has set out to raise $250 million for a second venture fund, shows an SEC filing. Maris had closed the firm’s debut fund in May with $150 million. (We most recently chatted with him about Uber.) |
| Exits
CyrusOne, a publicly traded REIT, is buying Zenium Data Centers, a London-based hyperscale data center provider, for $442 million. Sellers include Quantum Strategic Partners. Data Center Knowledge has more here. |
| People
Dan Morehead of Pantera Capital — and the firm’s investors — are having avery good year, thanks to the soaring price of Bitcoin. |
| Data
Initial public offerings that once took seven months to go from announcement to trading are now taking less than 50 days. |
| Essential Reads
The Coinbase effect : a look at the power of the most important cryptocurrency platform in the U.S.
Related: Goldman Sachs is setting up a cryptocurrency trading desk. |
| Detours
How a wooden surfboard is made. |
| Retail Therapy
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