9. Grumpy Cat Ventures is also likely on the lookout for startups that have people who will likely go on to future startups and, in turn, be more lucrative investment options for the venture capitalists who’ve worked with them in the past.
“The single most powerful thing you have in terms of that courtship process, and frankly as a way of building rapport, is when employees of your existing portfolio go on to do something interesting,” said Matthew Harris, managing director of Bain Capital Ventures, adding that the strartup world is ripe with serial entrepreneurs looking for the next big thing. “They know you and come back to you.”
- 35 people were arrested at a Trump rally in San Diego as protesters clashed with supporters. Donald Trump thanked police for "handling the thugs."
- The World Health Organization says there is "no public health justification" for postponing or moving the Rio Olympics because of Zika virus.
- The loneliest elephant in the world has died after spending 67 of her 69 years in captivity at a Tokyo zoo.