Here is an update of the fund's performance up-to-date.
1. I will provide a summary of the unrealized value of the fund, and of each company with their latest status.
2. I will share a detailed breakdown of each company's progress.
Companies highlighted in yellow most likely have higher unrealized valuesthan the ones we projected because they would not share their latest share prices.
Both Astranis and Gecko Robotics did large follow-on financing rounds without disclosing share price. We expect their unrealized values to be much higher.
Investment amount: $450,000
Unrealized value: $1,347,000
Return multiple: 2.99 (again, the return multiple is most likely higher)
AlphaFlow (YC W16)
AlphaFlow is an investment platform for real estate — it invests your capital across multiple platforms, assets, and locations, giving investors unparalleled diversification from one investment. In September 2017, they raised their $4.1m Seed Round — led by Resolute Ventures & Point72 Ventures.
Astranis (YC W16)
Astranis is building the next generation of internet satellites — it does so by building smaller and more effective satellites at a fraction of the price. In February 2020, it raised its $90m Series B — $40m financed with equity, and led by Venrock with continued investment from Andreessen Horowitz and participation from existing investors Fifty Years, Refactor Capital, and Y Combinator. And a debt facility of up to $50m from TriplePoint Capital. It was first to launch a commercial satellite aboard SpaceX's Falcon 9 rocket in late-2019!
Gecko Robotics (YC W16)
Gecko makes robots that conduct power plant inspections on behalf of humans. They raised their $40m Series B in December 2019 — the round was led by Drive Capital, with participation from Peter Thiel’s Founders Fund, Y Combinator, and Next47. The raise was to accelerate its growth, allowing the +100 team to focus on critical infrastructure problems.
Lynks (YC W16)
Lynks, the marketplace for shipping US goods internationally, is still operating but has had no major updates.
Mux (YC W16)
Video hosting, transcoding, monitoring as a service. They take the technology that Netflix has spent years building, and sell it to all the other media companies who are struggling to build their internet video presence. In August 2019, they raised their $20m Series B — round led by Evolution Media (an early-stage arm of TPG Growth) — bringing their total funding to $31.9m. It's software Max Video is lowering the barrier to entry, and Max Data is a leading video analytics tool that monitors billions of video streams from the hottest companies in the market such as Ted, Vimeo, and Udemy.
Rappi (YC W16)
Rappi — the Postmates of Latin America — has raised their $1B Series E in April 2019. Nothing else to say here.
SkyMind (YC W16)
SkyMind has been in a journey to make deep learning more accessible to enterprises, and after raising its $11.5m Series A in March 2019, has now launched a new product called PathMind — reinforcement learning for industrial engineers optimizing simulations. The round was led by TransLink Capital, with participation from ServiceNow, Sumitomo’s Presidio Ventures, UpHonest Capital and GovTech Fund — bringing their total funding to $17.9m.
Trend MD (YC W16)
Since their launch in 2014, TrendMD has been building the world’s largest and most advanced scholarly content discovery platform. They are still operating but we have not had any major updates since their Seed Round in 2016.
Unima (YC W16)
Fast and low cost diagnostics of infectious diseases. Current lab tests cost $20 each, take hours or days for results, and must be sent to a lab. Unima's paper diagnosis strips cost $1 each, takes 15 minutes, and can be used on-site by someone with no experience. They do not have any major updates since their $2m Seed Round in early 2016.
ZenProspect (YC W16)
Rebranded as Apolo.io, they are the easiest way to ramp up outbound sales, helping to identify and acquire target prospects, manage drip emailing, etc. They raised their $7m Series A in mid-2018 — round led by Nexus Venture Partners, with the participation of Social Capital and Y Combinator. They have not disclosed how they are planning to use the capital for growth.
Zenysis (YC W16)
Zenysis seeks to unleash the power of Data to accelerate global development goals and improve lives everywhere. They closed a $5.8m Series A in August 2018, and their most recent news has been a mentioning of how they've used technology to tackle illnesses in the most remote places of Ethiopia.
Wefunder supports three different federal laws that allow startups to raise money legally. To comply with the law, Wefunder Advisors LLC and Wefunder Portal LLC (both owned by Wefunder Inc) also list startups depending on the regulation used.
Legal May 16th 2016
Wefunder Portal LLC
for 495 startups
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for 135 startups
for 3 startups
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Some fine print: 1) These numbers include startups currently live on Wefunder if they pass their minimum target. 2) Some startups use two different laws at the same time (i.e., Regulation D and Regulation Crowdfunding).
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