Venture capital firm Andreessen Horowitz is changing up its fundraising strategy, moving away from multi-stage, multi-sector flagship vehicles, Axios has learned from multiple sources.
Read more: http://bit.ly/2PMHEl4
Mutual Funds Sour on Startup Investments
Mutual funds that helped fuel the technology boom are cutting the value of their startup investments at an accelerating pace and are making fewer new investments.
Read more: http://on.wsj.com/1QEsQxE
Snapchat Raises $175 Million From Fidelity at Flat Valuation
Snapchat Inc. has raised $175 million in fresh funding from Fidelity Investments, valuing the messaging company at the same $16 billion valuation from one year ago, a person familiar with the matter said. Fidelity bought shares at $30.
Read more: http://on.wsj.com/21Lw49O