Kruze Consulting reviewed salary data at 200 startups and found on average, early-stage startup CTOs earn more than CEOs. CTOs heading healthcare, software, or SaaS startups are most likely to out-earn their CEO counterparts. More: - According to the sample, startup CEOs tend to outearn CTOs after Series A.
- CTOs at software and SaaS startups often earn more than CEOs because they could likely secure higher-paying jobs at larger companies and are therefore compensated for the opportunity cost.
- If the CTO and CEO are co-founders, they are more likely to have the same salaries.
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Mozilla Foundation, the non-profit organization behind the internet browser Mozilla Firefox, has earmarked $35M for the firm’s debut venture capital fund. The firm intends to back “responsible tech” startups in seed to Series A stages through its venture capital arm, Mozilla Ventures. More: - Mozilla’s board member Mohamed Nanabhay will oversee the investments as the venture arm’s managing partner.
- Mozilla Ventures is looking to invest in startups focusing on privacy, AI, decentralized apps, and Web3.
- The firm has made three investments through the new fund.
- Mozilla participated in Block Party’s $4.8M seed round and Secure AI Labs' $9M financing.
- Additionally, it participated in password management platform Heylogin’s $900,000 seed funding round.
- Mozilla’s startup incubator program, Mozilla Builders, has backed 20 companies to date.
- Mozilla joins a growing list of corporations establishing their venture capital divisions, most notable of which are Google’s GV, Microsoft’s M12, Salesforce Ventures, and Zoom Ventures.
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 A message from APIS COR Invest in The Company Automating Construction Apis Cor’s mission is to empower America’s home builders with robotic systems to build more durable homes quickly and affordable. Why Apis Cor? - Industry-leading experience building the world’s biggest and best 3D printed buildings.
- Strong market traction with 117 Letters of Intent from home builders across the country.
- Fourth-generation 3D printing technology with a proven record of unmatched performance.
- Backed by Alchemist Accelerator and At One Ventures VC founded by Google-ex and BASF-ex.
- Earlier this year, Apis Cor raised $1.2m on equity crowdfunding.
- We deployed our robots to build the largest 3D-printed building on Earth (Guiness World Record) and the first commercially permitted building in America building in Boca Chica, TX.
- Apis Cor won top awards at NASA's Mars Habitat Challenge.
- The construction 3D printing market is projected to continue growing exponentially and hit $40 Billion by 2027
- Our goal is to have 400 printers in operation by 2027 to deliver 20,000 houses annually.
Invest today and join the construction revolution. Invest Now
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Virtual office software startup Roam raised $30M at a $95M valuation. In addition to the funding round, CEO Howard Lerman put in $10.6M out of his pocket. More: - The funds will be used to expand across the U.S. and globally.
- Lerman says Roam has 40 corporate clients but wouldn't reveal their names.
- He added that the company would attempt to add roughly 12 customers every month for the next six months.
- Lerman says Roam is only available on an invite-only basis.
- The company will generate revenue by charging its clients a monthly fee based on usage.
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Heylo is a startup looking to help employees connect with one another. Its platform allows users to build intra-office groups with tools to create events, request payments, and message each other. More: - Heylo recently raised $1.5M in a round led by Worklife Ventures.
- The company will use the funds to develop the platform so that users are eventually willing to pay for the product.
- The program allows employees to launch "special interest groups" to build communities with coworkers outside of the office.
- The company helps remote workers who may feel alienated from their coworkers and want to make connections.
- Heylo includes several helpful tools for organizing events and connecting with coworkers, including in-app direct messaging, payment requests, and the ability to share event details.
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Victoria's Secret will acquire direct-to-consumer lingerie startup Adore Me for $400M. The move will give Victoria's Secret access to Adore Me's ~1.2 million customers. Adore Me's customer base primarily consists of cost-conscious individuals, of which many are monthly subscribers. More: - Before the acquisition, Adore Me had raised $57.8M since its inception in 2011, according to Crunchbase.
- Victoria's Secret is also planning on integrating Adore Me's "Home Try-On" feature, where they can try on items before buying them, into its operations.
- Victoria's Secret said it would retain all of Adore Me's 560 employees once the acquisition is completed in January.
- The company's revenue in Q2 was $1.5B, a 6% drop YoY.
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Cemex Ventures, the venture capital branch of Mexican construction company Cemex SAB, has launched an accelerator for startups tackling the challenges faced by the construction industry. The accelerator, called Leaplab, is open to startups from six countries, namely Mexico, the U.S., U.K., Israel, Spain, and Colombia. More: - Leaplab will select startups that align with its four focus areas in the construction industry: eco-friendly construction, emerging technologies, supply chain, and productivity enhancement.
- Shortlisted startups will be able to undergo a 14-week intensive program.
- Furthermore, startups will be able to use Cemex’s facilities for developing and testing solutions.
- Cemex intends to collaborate and invest in promising solutions.
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- Australian venture capital firm Blackbird Ventures received $640M worth of capital commitments from sovereign wealth funds and individual investors for its new funds. The new funds include an early-stage and follow-on fund for startups in Australia. Additionally, some capital has been set aside to invest in early-stage startups in New Zealand.
- Nashville, Tenn.-based non-profit organization Girls in Tech launched Startup Challenge 2022. The initiative has been supported by McKinsey, TIAA, and Nike.
- Seattle-based Momento emerged from stealth with a serverless cache for cloud computing. The firm raised $15M in seed funding led by Bain Capital Ventures.
- Arta Finance emerged from stealth with an investment platform that allows accredited investors in the U.S. to invest in private equity, venture capital, and real estate. The firm secured $90M in seed and Series A funding from Sequoia Capital India, Ribbit Capital, Coatue, Eric Schmidt, and Ram Shriram.
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 |  | Karan Chafekar is a Management Consultant, Business enthusiast, and Licensed Pilot.
Jigney Pathak is a Business Researcher at Inside who loves technology, finance & sports. He has a Bachelor of Business Administration with a finance specialization & has previously worked at Salesforce.
Courtney Rawlings is an Inside Research Analyst living in Los Angeles, California. She has returned to her hometown of LA after spending several years working at Emory University in Atlanta, Georgia, where she is completing a Ph.D. in Art and Architectural History.
| | | | Editor | Vibha Chapparike is a Freelance Writer & Editor at Inside.com. With her post-graduation in Management and Finance completed, Vibha is expanding her knowledge in venture capital, business, startups, and technology. She has had a career in public relations and communications. An ardent reader and writer currently residing in Singapore, you can follow Vibha on Twitter @VChapparike. | |
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