You are here

This week in N.Y.C. funding news: Bro CEOs, SeatGeek, Bedly, RotoQL

Are you in a "Bro Co."?

A recent column in The New York Times scrutinized the “toxic bro culture” of Silicon Valley, citing how "boorish jerks" — teeming with confidence but short on business experience — clinch obscene volumes of venture capital.

The poster child of this is Uber's Travis Kalanick, says longtime business writer and editor Dan Lyons.

Recall how Uber lost some of its top executives over leadership differences, despite the company's $69 billion valuation. While I've never spoken to Kalanick, his unconventional (and sometimes seedy) business decisions have been well documented.

There are plenty of other "bro CEOs," besides Kalanick, for me and my Business Journal colleagues to write about. Whether it's their reckless spending or excessive partying, there's no shortage of fodder for future columns.

But I want more. If you have any anecdotes to share, or have been burned by a "C.E.-Bro," let us know in an email. Anonymity will be honored.


Namely, the HR and benefits software platform, clinched one of the largest venture capital rounds of the first quarter of 2017 thanks to the $50 million Series D round— second only to LetGo, the shopping app.

Read Complete Article