Most brand-new venture funds don’t start life with $180 million in capital commitments, especially if they are launched by people who have not worked as venture capitalists before, and particularly not if those people want to focus narrowly on the global interactive entertainment industry.
That Makers Fund is the culmination of all of these things makes it one of the more interesting debut funds about which we’ve heard (and we hear about a lot of new venture funds).
We talked earlier this week with firm cofounder Jay Chi, who previously spent eleven-and-a-half years at McKinsey & Co., where he says he led its global video games practice. We asked how he and [...]
Yellow, a Brazil-based mobility startup, just raised a $9 million seed round for its dockless bike-share service.
Yellow was founded by Ariel Lambrecht and Renato Freitas, who sold their ride-share company 99 to Didi in a $1 billion deal earlier this year. Yellow’s third co-founder is Eduardo Musa, CEO of bike manufacturer Caloi.
Yellow intends to use the funding to deploy its first 20,000 dockless bikes. This summer. Yellow plans to deploy a total of 100,000 bikes. Ultimately, Yellow envisions deploying more than one million bikes.
“As local residents, we’re acutely aware of the pain points caused by Brazil’s inefficient public transit, and we built Yellow [...]