FoundersGrid Weekly News Round Up,18 January 2019

This week saw WeWork’s CEO get embroiled in yet another high-profile scandal – this time over a potential conflict of interest which is seeing him make millions off of renting office space back to his own company.

Techstars is building and launching startups with its new venture studio
Techstars is launching a new US-based venture studio that will help founders build and launch their own startups – and the organization itself will be getting involved in starting new businesses as well.More startups than ever have an unfamiliar message for VCs: Get Lost
Even as venture capitalists continue to raise larger funds than ever before, more and more entrepreneurs are countering the influence of VCs by bootstrapping or in some cases, creating entirely new funding mechanisms themselves.

Startup investment in Africa jumped to record levels in 2018
Africa is poised to be a bright spot in the global startup ecosystem over the next several years, as entrepreneurship in East Africa continues to skyrocket – along with an unprecedented amount of funding as well.

The world’s most valuable startup is facing headwinds amid a global economic slowdown
Despite being the world’s fastest-growing (and most valuable) startup, Bytedance has been struggling recently. This is primarily due to slowing economic growth around the world, combined with a more difficult than anticipated sales environment.

WeWork’s CEO is making millions – as a landlord to WeWork
This week saw WeWork’s CEO get embroiled in yet another high-profile scandal – this time over a potential conflict of interest which is seeing him make millions off of renting office space back to his own company.

Anu Duggal’s Female Founders Fund just scored a multimillion-dollar exit – and investors are paying attention
Long overlooked in the VC community, Anu Duggal and her Female Founders Fund finally has its first big breakthrough in the form of a massive exit for Eloquii, a portfolio startup that was just acquired by Walmart for ~$100M.

These founders killed it in 2018, and their returns are all impact
Last year saw some amazing “good news” stories for the startup world. This roundup outlines how some founders made big bets on high-impact projects for their communities – and reaped the rewards as a result.

Here’s how one digital nomad landed his very first remote content marketing role
This blog post from Ryan Law is an extremely comprehensive breakdown of how anyone can land a high-quality remote job – extremely worthwhile reading for aspiring digital nomads and remote founders alike.

Pinterest’s former culture chief speaks on how she made the leap into the world of VC
Transitioning from nearly any industry into the venture capital space is more difficult than most, but in this piece, former Pinterest executive Cat Lee reveals how she did just that.

Buffer has a unique approach to strategic marketing and product partnerships
This is a great read for founders on how Buffer approaches its strategic marketing efforts, as well as product partnerships.


  • Machine learning startup Hyperscience has just raised a $30M Series B round.  Link
  • Katerra is reportedly seeking significant backing from Softbank in its latest round of funding.  Link
  • GBatteries let you charge your car as quickly as visiting the pump.  Link
  • Niantic has raised $245M in funding in its latest bid for investment.  Link
  • Byjus has acquired Oslo for $120M in cash.  Link
  • TinySeed Fund has just announced its newest lineup of partners.  Link
  • Google is set to purchase Fossil’s smartwatch tech unit for $40M.  Link
  • Stop your smart speakers from eavesdropping on you with this brilliant DIY device.  Link
  • Neuroscience startup Brainsway is targeting a $30M debut in its upcoming IPO.  Link
  • Facebook’s 10-year challenge meme, explained.  Link


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