Global VC-backed trends. US unicorns remain flat. Big pharma M&A.
It’s that time again. We just released the quarterly MoneyTree report with PwC which looks at VC-backed trends across the globe through Q1’17.
Some highlights scattered below.
The Rumble in the Lending Jungle
LendingClub (ticker: LC) was co-founded in 2006 by Renaud Laplanche and IPO’d in 2014. All was good and then he was fired in 2016 over faulty loans and sales practices.
Now, he’s back heading up a direct competitor to LendingClub called Upgrade (more on his moves in The Blurb).
A lot has changed in the landscape since LC was founded with increased competition from the likes of everyone from Goldman to SoFi. Laplanche still has an ownership stake in LendingClub as well (to make things more interesting).
I’m looking forward to discussing the LendingClub competitive and industry landscape with the firm’s Executive Chairman, Hans Morris (also founder of Nyca Partners), and COO, Sameer Gulati, at The Future of Fintech.
Global deals and dollars rose in Q1’17, reaching 2,228 deals across $27.1B. North America took the lead, with $14.3B invested across 1,163 deals. Asia saw over a half-dozen rounds over $300M during the quarter, mostly within China.
Celebrity fight club
Ultimate Fighting Championship has the most interesting investor group of any company in our database as this Business Social Graph reveals.
We got Cam Newton, Goldman Sachs, Trey Parker, Mark Wahlberg, and Guy Fieri, among others in the mix.