TechCrunch is now providing its audience with weekly information regarding new startups and their investments. This part of their editorial is called Startups Weekly.
Oper8r, a company built by Winter Mead and Welly Sculley, want to make new companies seeking venture capital (VC) have the opportunity to scale globally. The organization matches startup companies with the investors that are appropriate for their level of business operation.
The company understands that it is much easier for an entrepreneur to raise their first round of VC at $10 million than it is to get funded in the hundreds of millions. Their goal is to make this process much easier for other companies.
As of now, the company has 18 VC firms and each of them have made an investment in at least one startup company. So far over $500 million have been invested. The company is working on a method of connecting angel investors to start up companies as well.
The company is operating on data that suggests that over the past several years VC’s have been more conservative in their approach to funding new startups. However, the COVID-19 pandemic has caused many entrepreneurs to focus on building companies where their employees can work remotely on a consistent basis. If these types of startups have a viable product, they are more likely to get funded by a VC because they have figured out how to operate their business during times of uncertainty.
Therefore, it is like a circle. The funding of the next popular startup will pay dividends to the investors that will have the resources to support other businesses of interest.