Former Sequoia partner Amy Sun, who left the renowned venture capital firm simply months ago, has actually currently raised $3.8 million for her new start-up, Daylight Labs, SEC filings show.
Daytime Labs will be developing an option to assist gig economy employees make more cash, Sun hints to TechCrunch. Still in the early item advancement stages, the startup began throughout the pandemic when Sun noticed how many markets were “completely decimated” by the crisis.
“How can you take advantage of innovation to produce new methods for people to make to earn a living,” she said. “We’re innovating on the real format and item.”
There is no site or information available online about Daylight Labs, and Sun declined to comment on more specifics of the business, saying that the company is still iterating on its final product. What we do know, nevertheless, is that the company is a combination of all of Sun’s experiences in her profession up until now, from product management at Uber, to dealing with the Stories team at Facebook, to, most recently, buying customer companies on behalf of Sequoia Capital, which she took part 2018.
Image Credits: Amy Sun The Harvard graduate began her profession in item marketing at Microsoft, where she helped release the Surface tablet. Sun then spent more than three years at Uber as an establishing member of the ridesharing business’s growth marketing group, that included getting chauffeurs to join the platform.
“Through that experience I got to develop really strong relationships with drivers,” she stated. “Seeing that you have the ability to enter into a city with an innovation and people can begin making money, instantly– that’s truly mind-blowing for me.” Especially, in California, the Uber and Lyft-backed Prop 22 costs passed, which permits gig employees to stay classified as independent professionals instead of full-time employees.
At Facebook, Sun worked on the company’s Stories item as a product supervisor. It’s uncertain how her experience with consumer cameras and AR will be used within Daytime Labs, but that will definitely be interesting to track. During her period, users of Facebook Stories swelled from 2 million to 100 million.
Most just recently, Sun worked at Sequoia Capital as the first lady on the firm’s growth-stage group. Her portfolio consisted of Noom, Aurora, Glossier and The Wing, although she says she has transitioned “most obligations” from her period, including board seats, to the remainder of the Sequoia team.
As for why leave the firm so right after joining, Sun merely said that starting a company has “always been a dream” considering that the start of her profession.
Considering that leaving Sequoia, Sun has lived a “nomadic way of life,” with time in San Francisco, Boston, North Carolina and, more recently, Austin, Texas. Daytime Labs is based out of Austin, and Sun joins troves of entrepreneurs who have actually been transferring to the area for many years.
More to come on Daytime Labs when Sun is all set to share.
Article curated by RJ Shara from Source. RJ Shara is a Bay Area Radio Host (Radio Jockey) who talks about the startup ecosystem – entrepreneurs, investments, policies and more on her show The Silicon Dreams. The show streams on Radio Zindagi 1170AM on Mondays from 3.30 PM to 4 PM.
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