Day: May 21, 2020

Founder Collective barrels forward, closing its fourth and newest fund with $85 million – TechCrunch

Founder Collective, a seed-stage fund formed 11 years ago in Cambridge, Ma., has closed its newest fund with $85 million.

Earlier today, we talked with the firm’s general partners — Eric Paley, David Frankel, Micah Rosenbloom — to learn more about it. Among our first questions: whether the three are themselves the largest investors in the new vehicle, as was the case with the firm’s third fund, which closed with $75 million in capital commitments four years ago. (The three have long prided themselves on their ability to tell founders who they take the firm’s capital that they truly are taking the investors’ money.)

We also talked exits, geography, and investing through the coronavirus, a time when a lot of personal investors are being more cautious with their dollars.

TC: Eric, you wrote a seed check to Uber and I spied you on the Midas list this year. Still,

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Employee surveillance: With everyone working from home, you have to learn to trust your teams

The abrupt transition to remote work has some leaders looking to surveillance tools to monitor their employees. If you think this is a good idea, you’re probably wrong.

I’ve long found the topic of whether human beings are by nature fundamentally good or fundamentally evil an interesting cocktail party conversation. A microcosm of this enduring debate is whether managers who can no longer “shoulder surf” their teams in the relatively controlled environment of company office buildings assume they are diligently and productively working away from home, or shirking all responsibility and binge watching The Real Housewives of Paducaville while eating bonbons on the company dime. This is more than just an existential debate, since managers are tasked with running productive teams, and any perceived lack of performance could adversely affect their position and pay.

SEE: Coronavirus: Critical IT policies and tools every business needs (TechRepublic Premium)

Technology companies, as they

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Low-code applications add speed and agility to organizations amid COVID-19

The coronavirus pandemic has forced organizations to rethink their entire business models. Low-code application development has given companies a new perspective on logistics and standard operations.

In the last few years, a regular revolution in low-code application development has taken hold. These nimble solutions enable organizations to leverage their existing IT teams and empower employees not necessarily specialized in the mysterious art of coding with the frameworks to quickly create programs and applications. 

In recent weeks, the coronavirus pandemic has only amplified the utilization of low-code solutions, as more companies look to tighten their belts and search for new ways to interact with their customers and teams. We spoke with representatives from various low-code development companies to learn more about the recent en masse adoption and future of these nimble solutions across industries.

SEE: Rural America is in the midst of a mental health crisis. Tech could help some patients

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