STARTUP GRIND | Paul Martino is the General Partner at Bullpen Capital. Paul founded Bullpen in 2010 and has led several of its key investments including FanDuel, Namely, Ipsy, SpotHero, Classy, and Airmap.
VENTUREBEAT | The post-seed gap is a top cause of startup death, and the crunch is more acute than ever. Between 2007 and 2015, the seed-to-Series-A graduation rate dropped from over 35 percent to 7.4 percent. Meanwhile, as fund sizes have ballooned, the average amount of capital raised in the seed and A rounds has more than doubled.
THE WALL STREET JOURNAL | The firm aims to help post-seed companies make the leap to ‘supersized’ Series A stage
YAHOO FINANCE | On Monday, the Supreme Court struck down the Professional and Amateur Sports Protection Act (PASPA), the 1992 federal law that banned sports betting basically everywhere in America other than Nevada. In a 6-3 decision in the case of Christie vs NCAA et al, the justices deemed PASPA unconstitutional.
ANDROID HEADLINES | Spotify should become its own record label according to one industry expert. The world’s biggest streaming service recently announced plans for its own initial public offering but after confirming a huge loss of $1.5 billion in 2017, a number of investors appear to be pretty reluctant when it comes to investing in the company.
DIGITAL TRENDS | Despite having more than 70 million subscribers and at least 140 million active users, Spotify isn’t profitable. During its IPO, the streaming service said it generated $4.99 billion in revenue in 2017, but still posted a loss of $1.5 billion.
MARKETS INSIDER | Spotify's direct public offering confirmed potential Spotify investors' biggest fear — that music rights and licensing fees were a huge cost of doing business. But one industry expert believes there’s one way for Spotify to break out of the music industry's chain: become a music label themselves.
ENTREPRENEUR | The inventor and author Ray Kurzweil likes to say that the next 100 years will resemble 20,000 years of progress if we continue to innovate at our current rate. I think rather that next 15 years will feel like walking into the future -- the way it must have felt at the turn of the 20th century.