SoftBank CEO Masayoshi Son is reportedly considering changing the focus of the Vision Fund away from startups hellbent on growth to companies with clearer pathways to profitability and public offerings. If so, such a shift would mark the end of the SoftBank era of the current tech investment boom.
Nike, typically not an active startup acquirer, broke out of the mold by confirming its purchase of Seattle-based TraceMe, an app for fans to engage with sports stars, and the company behind Tally, an online platform for interacting around sporting events.
The third quarter was a slow one for Texas startups raising fundings. But things jumped into high gear this month, as Austin startups raised more last week than Texas companies combined raised in all of Q3.
Oakland, with its close proximity to San Francisco, coupled with a transit-friendly downtown and slightly lower costs, is an increasingly popular choice for scaling startups. Still, the city is not rich in unicorns, and funding lags many smaller municipalities in the region.
The latest installment in the Crunchbase Seed Series features an interview with Katie Rae, CEO of The Engine, a $205 million fund spun out of MIT that seeks to back startups looking to solve really big problems through technology.