Silicon Valley Funding News - Week of June 15 2020. Postman Raised $150M Series C

 Are startups getting too fat?

For the past few years, mega-funds drown companies with boatloads of capital.  Here are the top 10 private companies ranked by total funding raised. Again, the dollar amount listed below is not valuation, but the total funding amount.

1. JUUL - $13.4 billion
2. WeWork - $10 billion
3. Airbnb - $5.4 billion
4. Argo AI - $3.6 billion
5. Waymo - $3 billion
6. Magic Leap - $3 billion
7. SpaceX - $3 billion
8. Rivian - $2.8 billion
9. Kabbage - $2.5 billion
10. SoFi - $2.3 billion
11. Faraday Future -  $2.3 billion

I am not against raising big funding rounds.  Of course, you need capital to invest in growth and key priorities for the company.  But raising too much capital sometimes could be a blessing and a curse. 

Instead of having a clear company strategy that drives the money you need, you may fall into the trap of letting money drives your company strategies.  After all, there is no point to brag about how much money you raised. Funding is just a means to an end. It is revenue, profit, traction, product-market fit and growth that truly matters and you should brag about that.

It's time to focus on what matters. 

This week a total of 13 startups raised $288.4 in funding, 2 M&As:

• $215.8M goes to 7 Enterprise startups
• $20M goes to 1 Healthcare startup
• $15.8M goes to 1 Real Estate startup
• $13.3M goes to 1 IoT startup
• $15M goes to 2 Mobility startups
• $8.5M goes to 1 Other startup