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Blank Street cracked the code on making coffee shops attractive to VC

TechCrunch

A few months later, when I saw that the cart’s parent company, Blank Street, had raised venture funding, I didn’t get it. But Blank Street claims to have cracked the code on how to make a chain of more than 65 physical coffee shops have the right metrics to attract venture capitalists. This looked like both.

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General Catalyst, Tiger Global lead $25M investment into Blank Street’s micro specialty coffee shops

TechCrunch

The pair, who have worked together now for about seven years, founded New York-based Blank Street in May 2020 and opened their first mobile coffee cart three months later in Williamsburg in partnership with EV Foods at the Wythe Diner. Blank Street’s co-founders Vinay Menda and Issam Freiha. Image Credits: Blank Street.

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As Deezer goes public via SPAC, is the blank-check boom really over?

TechCrunch

So-called blank check companies, which take a skeleton corporation public with the aim of later merging with a private entity, can offer a quick path to the world’s stock markets. But while SPAC might as well be a bad word in the United States today, there is blank-check activity elsewhere that’s worth our attention.

Retail 246
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SPACs keep rolling as autonomous vehicle startup Aurora targets blank-check debut with $13B valuation

TechCrunch

The trio have formed three SPACs, or blank-check companies. Hoffman, Pincus and Thompson have promoted a concept that they call “venture capital at scale.” ” To date, SPACs have been the conduit to reach that scale. Two of those SPACs have announced mergers with private companies.

Insurance 253
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TechCrunch+ Roundup: FinOps for all, 15 investors who are taking pitches, Steve Blank on AI

TechCrunch

August is one of the slowest months in venture capital, which is why now is such a good time for fundraising founders to ramp up their outreach.

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The Blanking Blank

The Daily WTF

“If something comes through as the string ‘null’, could you make it blank?”. “Oh, Bill Lumbergh, blank for Initech. Oh, yeah, no problem,” Cecil said. I’ll roll that out later today.”. A few hours later, Matt grabbed the latest build and re-ran his test, confirming that Cecil had done exactly what he asked. Advertisement].

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Grab’s SPAC splat caps off a bad week for blank-check combinations

TechCrunch

What goes up must come down. And what goes SPAC must go splat? We’ll keep workshopping that. Regardless, shares of super app Grab took a pounding today after its SPAC combination was approved last night and began to trade this morning. Grab’s stock initially rose, before falling sharply as the day went on.

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