While it’s never easy for entrepreneurs to convince venture capitalists to invest in their new companies, it was especially difficult during the first quarter of this year. Fewer startups received first-time funding, and those that were fortunate to do so saw smaller checks.
For the first three months of 2016, initial funding deals declined 16 percent to 297, and the total dollars invested fell 31 percent to $1.7 billion, according to the latest MoneyTree report by PricewaterhouseCoopers and the National Venture Capital Association (based on data from Thomson Reuters).
Moreover, the average amount for first-time financing dropped 17 percent from $6.9 million in the fourth quarter of 2015 to $5.7 million in this quarter.
Source: The MoneyTree Report
Of the $1.7 billion of initial investments, software startups garnered $666 million (39 percent) across 121 deals. The next closest industries were media and entertainment, biotechnology, consumer products and services, and IT services, in descending
You could spend $10K to drive paid traffic and get some users — or you can growth-hack and land 40,000 downloads in just a few days. What’s the secret? Join top ASO gurus for this free half-hour master class in getting your app ranked, fast.
“There’s this notion that you build a great app, and people will find it. Unfortunately that’s just not true anymore,” says Steve P. Young, ASO wizard and founder of App Masters.
Young, the host of the top mobile app podcast, has been picking the brains of hundreds of mobile developers since 2013. He’s successfully launched hundreds of new apps with his PR firm, Runway.bz. And he knows what mistakes make an app sink — and more importantly, how to make it rise.
App store and app marketing optimization (ASO and AMO), Young emphasizes, is not optional any more. “With
Allumette, a lovely animated feature by Penrose Studios, illustrates why virtual reality film should be taken just as seriously as traditional film.
The folks at Sundance and the Tribeca Film Festival have already figured this out — both festivals showcased virtual reality this year. But in such early days, the quality of each VR experience varies wildly from project to project.
That’s why Penrose Studios — founded by Oculus’ first cinematic hire, Eugene Chung — surprised me yesterday. Here’s a behind-the-scenes teaser of Allumette:
Allumette is 20 minutes long — lengthy by VR standards, but it never feels drawn-out. The world Penrose creates for the viewer leaves you wishing it lasted a bit longer. The experience is like a good song in that way; you want to repeat it again right when it ends.
The film premiered today at the Tribeca Film Festival, and Penrose tells us a teaser of Allumette is coming “in the next few days” to Oculus Rift and HTC Vive owners. The