aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
aVenture is in Alpha: aVenture recently launched early public access to our research product. It's intended to illustrate capabilities and gather feedback from users. While in Alpha, you should expect the research data to be limited and may not yet meet our exacting standards. We've made the decision to temporarily present this information to showcase the product's potential, but you should not yet rely upon it for your investment decisions.
© aVenture Investment Company, 2025. All rights reserved.
44 Tehama St, San Francisco, CA 94105
Privacy Policy
aVenture Investment Company ("aVenture") is an independent venture capital research platform providing detailed analysis and data on startups, venture capital investments, and key industry individuals.
While we strive to provide valuable insights with objectivity and professional diligence, we cannot guarantee the accuracy of the information provided on our platform. Before making any investment decisions, you should verify the accuracy of all pertinent details for your decision.
aVenture does not offer investment advisory services and is not registered as an investment adviser. The data provided by aVenture does not constitute recommendations or advice, whether by methodology or a statement written by a staff member of aVenture.
Links to external websites do not imply endorsement or affiliation with aVenture. References or links to providers offering the ability to invest in a primary or secondary transaction in a company are for convenience purposes only. They are not solicitations or offers to buy or sell an investment. Remember that past performance does not guarantee future results, and venture capital and private assets should be a contributory part of a diversified portfolio.
From TechCrunch
By Rebecca Bellan
July 29, 2024
Welcome back to another recap of Equity, TechCrunch’s flagship podcast about the business of startups. Today’s episode is packed with M&A talk, how one YouTuber succeeded at the creator economy, why Twitch is still losing money and an autonomous vehicle company that is making a comeback.
First up, senior reporter Rebecca Bellan took a look at fintech giant Stripe’s acquisition of four-year-old competitor Lemon Squeezy. The buy beefs up Stripe’s ability to calculate and pay global sales tax for customers, according to Stripe CEO Patrick Collison. Deal terms weren’t disclosed. It’s worth noting that Lemon Squeezy has a reputation for turning down other investments, including a $50 million Series A. The company’s founder said he was holding out for the right partner to take the business to the next level, and apparently Stripe was it.
This comment led Rebecca to explore the idea of M&A as an exit strategy. Does this practice create perverse incentives in venture capital, where investors are becoming more risk-averse and looking for a surer path to regaining capital, at the long-term expense of competition? Other startups have turned down such opportunities so they can go it alone. Just look at Wiz’s decision not to get acquired by Google for $23 billion, something we discussed on last Friday’s episode.
Next, Rebecca touched on MatPat, the first big YouTuber to successfully exit his company, Theorist Media. Matthew Patrick turned his successful video series, The Game Theorists, into a full-fledged media business called Theorist, with 40 million subscribers across channels. But he was getting tired of the ceaseless content uploading, and found a way to convince investors that the business could go on without him. Now, he’s on Capitol Hill educating politicians about what creators need to succeed as small businesses.
Speaking of creators and acquisitions, Rebecca pulled up a Wall Street Journal report that found after 10 years, Twitch is still losing Amazon money. Amazon bought Twitch for $1 billion in 2014, but the company still isn’t profitable. And will it ever be? Twitch generated in 2023 about $667 million in ad revenue and $1.3 billion in commerce revenue, which accounted for less than 0.5% of Amazon’s total 2023 revenue. Amazon defended its buy, saying Twitch has a long-term path to profitability. But broader trends that seem to favor short-form videos over watching someone play an entire video game live say otherwise.
Finally, while we’re on the subject of comebacks, autonomous delivery startup Nuro is gearing up for one of its own. Nuro has been quiet for the past year or so after two big rounds of layoffs. Once the darling of the AV industry with over $2 billion in funding from high-profile investors, Nuro was burning money fast as it tried to scale and commercialize all at once. Now, Nuro is back with better AI and a new vehicle, the R3, which it will be testing later this year in the Bay Area and Houston.
Equity is TechCrunch’s flagship podcast, produced by Theresa Loconsolo, and posts every Monday, Wednesday and Friday.
Subscribe to us on Apple Podcasts, Overcast, Spotify and all the casts. You also can follow Equity on X and Threads, at @EquityPod. For the full episode transcript, for those who prefer reading over listening, check out our full archive of episodes over at Simplecast.
Share:
China is reportedly keeping DeepSeek under close watch
China appears to think homegrown AI startup DeepSeek could become a notable tech success story for the country. After DeepSeek’s sudden rise to fame in January with the release of its open “reasoning” model, R1, the company is now operating under new, tighter government-influenced restrictions, according to The Information. Some of the company’s employees have been prevented from traveling abroad freely, and the Chinese government is now playing a role in screening potential investors, accordi
Mar 14, 2025
Startups Weekly: Founders may be raising less, but deals haven’t been lacking
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox every Friday? Sign up here. This week showed more optimism among startups than in other corners of the world, with entrepreneurs feeling confident enough to acquire other companies, raise fresh funding, and even say no to more money. Most interesting startup stories from the week Image Credits:Hinge Health Not quite four weddings and a funeral, but almost. Hinged: Hinge
Mar 14, 2025
OpenAI and Microsoft’s ‘frenemies relationship,’ and what you missed at SXSW
Listen on Apple Podcasts Listen on Spotify This week, OpenAI inked a five-year, $11.9 billion deal with CoreWeave, the GPU-heavy cloud provider, securing its own AI computing pipeline — and a $350 million equity stake in the company. With CoreWeave’s pending IPO and deep ties to Microsoft, OpenAI’s deal marks a significant shift in the AI cloud wars. Today, on TechCrunch’s Equity podcast, hosts Kirsten Korosec, Max Zeff, Anthony Ha, and Rebecca Bellan are diving into whether or not the deal
Mar 14, 2025
Don't miss our latest news and updates. Subscribe to the newsletter