• This Seattle-based VC firm raised $11 million for its plan to convince Amazon and Microsoft employees to take the plunge into entrepreneurship

    3 monthes ago - By Business Insider

    On Wednesday, Seattle-based startup studio Madrona Venture Labs announced it raised $11 million in funding to help build between 8 and 12 startups.
    Madrona Venture Labs is a startup studio backed by Madrona Venture Group and specializes in artificial intelligence and machine learning technology.
    Mike Fridgen, Managing Director at Madrona Venture Labs, told Business Insider that Seattle is full of top technical talent from Amazon and Microsoft that he hopes to recruit to the startup studio as founders and mentors.
    According to Fridgen, many of the legacy companies' top executives have made...
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  • IN-DEPTH Q&A: The cofounder of GroupMe - a text-messaging platform that sold for $85 million a year after launch - has raised $107 million for a startup that's revolutionizing how music gets made. Here are his lessons for pitching, leading, and

    IN-DEPTH Q&A: The cofounder of GroupMe - a text-messaging platform that sold for $85 million a year after launch - has raised $107 million for a startup that's revolutionizing how music gets made. Here are his lessons for pitching, leading, and

    3 monthes ago - By Business Insider

    Steve Martocci is CEO of the music-creation platform Splice. He's also the cofounder of GroupMe, which was acquired by Skype in 2011 when it was just over a year old.
    Splice recently raised $57.5 million in its Series C funding round.
    Martocci is a cofounder of the aviation company Blade and an angel investor. He says much of his success comes down to timing and luck.
    Martocci shared some insights into the fundraising process. For example, one of the biggest questions venture capitalists have about new startups is whether there's a market for the product or service.
    As for Splice, Martocci...
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