CoInvent Newsletter (05/04/15)

This is a weekly digest about tech/venture news and startup events you should bookmark. Subscribe for free @ Subscribe to any of the following lists for region-specific event alerts: New York, San Francisco, Los Angeles. For previous newsletter archive, visit

Mark Zuckerberg and Facebook have just opened platform to developers and entrepreneurs around the world. The goal of is to offer basic internet services free of charge to as many global citizens as possible. In doing so, Facebook is hoping to offer Internet as a basic utility and provide internet services that are more transparent and inclusive. Mark Zuckerberg made his case via a 7-minute video

April 21st’s CoInvent Media Summit VIP Dinner video is out. It’s a nice 3-minute recap of the 3-hour event. Check it out @

This is a busy week for us. We will start the week with tonight’s special college student social event @ District CoWork (register), continue with tomorrow’s NY happy hour @ Libation (register), and wrap up this week’s activities in Santa Monica @ The Room (register).


1. Announcing the next Startup Social Demo Hours in Hollywood. As always, the first 100 tickets are free and up for grab here. Want to demo at this event? Apply

2. We have a few free VIP tickets from Comedy Central for this week’s Nightly Show. This show is a replacement of Stephen Colbert’s show and its executive producer is Jon Stewart. Register for this Tuesday (May 5th) here and this Wednesday (May 6th) here. Enjoy!

Top Industry News

Dave Goldberg, SurveyMonkey CEO and husband of Facebook COO Sheryl Sandberg, has passed away at age of 47. According to Wall Street Journal, Goldberg expanded the online survey company leading to a valuation of $2bn. Mark Zuckerberg described him as “an amazing person.”

  • Remembering Dave Goldberg — Link
  • Dave Goldberg, Silicon Valley Executive, Said to Have Died After Exercising — Link
  • Dave Goldberg, SurveyMonkey CEO, Dies Unexpectedly — link


India’s Flipkart to shut down website within a year, thanks to popularity of mobile — link

Tech’s quest to revive San Francisco’s underbelly — link

Elon Musk unveils Tesla Powerwall batteries to ‘change the world’ — link

Uber office raided by police in China, accused of running ‘illegal’ car business — link

Warby Parker now worth $1.2 billion, focusing on building more Brick-And-Mortar stores — link

Start-Up Chile SCALE fund makes its first 9 investments — link

Netflix’s pursuit of TV domination has a new step: ownership — link

Peter Hamby leaving CNN for Snapchat — link

In Q1 2015, European companies raised €2.6B in 345 deals, highest figure since Q3 2001 — link

Uber is bringing its food delivery service to New York City and Chicago — link

Exclusive: Gaming startup OUYA needs to find a buyer quickly — link

Uber is quietly testing a massive merchant delivery program — link

Salesforce said to work with bankers to field inquiries — link

Sunset — link

Tencent Will Pay $126 Million for 15 Percent Stake in Glu Mobile — link

Samsung Elec overtook Apple as top smartphone maker in first quarter: Strategy Analytics — link

A founder of secret, the anonymous aocial app, is shutting it down — link

Twitter troubles lie in marketers’ reluctance to buy new kind of ad — link

Alibaba secretly invested in Amazon challenger — link

Tinder Sees Huge Jump In App Revenue Rankings, Courtesy Of Tinder Plus — link

Salesforce as takeover target: Here’s a look at the potential buyers — link

Yahoo’s Other Challenge: Retaining Acquired Talent — link

Spotify raises $350M at $8B valuation: Sources — link

Exclusive: News app Circa is seeking a buyer — link

Los Angeles and its booming creative class lures New Yorkers — link

Silicon Valley Can Accelerate Social Impact Globally — link

Leaked Lyft Document Reveals a Costly Battle With Uber — link

Microsoft (Yes, Microsoft) Has a Far-Out Vision — link

Apple Now Has $194 Billion In Cash — link

Top Ten Venture Deals (Past 7 Days)

1. Spotify, a Stockholm-based commercial music streaming service, has raised $350 million in a Series G round of funding led by Goldman Sachs. The company was most recently valued at $8.4 billion.

2. Jawbone, a San Francisco-based audio technology company, has received $300 million in new funding deal from BlackRock. The company now has $700 million in total funding.

3. Infinidat, an Israel-based startup storage solution company, has raised $150 million in a Series B round of funding led by private VC firm TPG Growth and with participation from Israeli angel investor Zohar Gilon.

4. Beijing Weiying, a Beijing-based ticket booking app extention for WeChat, has raised $105 million in series B round of funding from investors WeChat maker Tencent, real estate giant Wanda Group, Chinese film investment fund Wenzi Huasha, Shandong Luxin Investment Holdings Group, Shanghai Gangtai Group, and ECapital.

5. Warby Parker, a New York-based online eyeglass retailer, has raised $100 million in Series D of funding. The round was led by T. Rowe Price. Wellington Management, Tiger Global Management and General Catalyst Partners also participated the round.

6. Foodpanda, a Berlin-based global online food delivery marketplace, has raised $100 million in Series E round of funding led by Goldman Sachs. Existing investors, including Rocket Internet SE, also participated in the round.

7. Dmall, a China-based hyperlocal shopping app connected with large supermarkets, has raised $100 million in angel funding from undisclosed investors.

8. Refinary29, a New York-based largest independent fashion and style website, has raised $50 million in a Series D funding led by Scripps Network Interactive and the ad agency WPP. This gives the company $80 million in total funding and a $290 million valuation.

9. Circle, a Boston-based bitcoin brokerage firm, raised $50 million in a Series C of funding led by Goldman Sachs and IDG Capital Partners. Circle also announced it would start allowing customers to send, store and receive dollars as well as bitcoins.

10. Wahanda, a London-based online marketplace for hair and beauty, has raised $46 million in funding from the Japan-based Recruit Holdings and was joined by Davor Hebel, a Partner at Fidelity Growth Partners Europe.

New Funds

Catalyst Investors closes $377 mln for fourth fund — link

Flare Capital unveils $200 mln fund, also appoints CFO — link

Scale Up Ventures receives $25 million investment from Ontario government to establish unique venture capital fund — link

Knightsbridge Advisers raises $253 mln — link

Rebright Partners launches $20M fund for Indian startups, wants to be Japan’s gateway to India — link

Japan’s GMO announces $18M startup fund — link

Acceleprise Accelerator Aims $3.5M Fund At Early Stage Enterprise Apps — link

Announcing Slow 4 — link

After Exiting Markco Media, Mark Pearson Launches New London-Based VC Fund And Startup Studio — link

Credo Ventures Closes New €34 Million Fund Targeting Central Europe — link

Events Calendar

1. [District Cowork, New York] May 4th — Special College Student Social Event, Co-hosted with District CoWork

This is a special event brought to you by FreezeCrowd and CoInvent. Thanks to our gracious co-host at District CoWork. Register today @

2. [Libation, New York] May 5th — CoInvent NY Startup Happy Hour @ Libation

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals — part of the startup networking series. Cash bar with happy hour price. Private space. Dress code is business casual. Free event with advanced RSVP’s @

3. [The Room, Sta Monica, CA] May 6th — CoInvent LA Startup Happy Hour @ The Room

This is a CoInvent private event for founders, entrepreneurs, investors, and startup professionals — part of the startup networking series. Cash bar with happy hour price. Private space. Dress code is business casual. Free event with advanced RSVP’s @

4. [The Vault, San Francisco, CA] May 28th — CoInvent SF Social Demo Hours (May, 2015)

Co-hosted with The Vault, up to 6 startups will be selected to demo at this event for 5 minutes per startups. Apply to demo here. The Vault and CoInvent will provide a limited amount of drinks and refreshments. Dress code is business casual. Register @

5. [Ignited Spaces, Los Angeles] June 11th — CoInvent LA Social Demo Hours, Co-hosted with Ignited Spaces

Co-hosted with Ignited Spaces, up to 6 startups will be selected to demo at this event for 5 minutes per startups. Apply to demo here. Drinks and refreshments are provided by Ignited Spaces and CoInvent. Dress code is business casual. RSVP @

Recommended Readings



Like what you read? Give Andrew Wong a round of applause.

From a quick cheer to a standing ovation, clap to show how much you enjoyed this story.