🗒️ VC funding to Black web3 founders popped last year, bucking trends Techcrunch: Much hope remains after the crypto winter almost froze the sector: the Luna crash, the bankruptcy of Celsius and the arrest of FTX founder Sam Bankman-Fried for alleged fraud. Then there was the venture pullback amid an economic
🗒️ AltspaceVR is shutting down as Microsoft’s mixed reality division shrinks The Verge: Microsoft will shut down AltspaceVR, the social virtual reality (VR) platform it acquired in 2017 (via VentureBeat), on March 10th, 2023. The company shared the news in a blog post just days after it announced job cuts
🗒️ 11 podcasts that busy venture capitalists and founders say they trust right now Business Insider: Global venture-capital funding in 2022 may have dipped 35% from 2021, according to a report by analytics company CB Insights, but VCs are still eager to make deals. It's a tough market right
🗒️ ChatGPT Creator OpenAI Discussing Offer Valuing Company At $29 Billion, Report Says Forbes: OpenAI—the artificial intelligence company behind the viral ChatGPT chatbot program—is in discussions to sell shares valuing the firm at $29 billion, according to the Wall Street Journal, after the launch of ChatGPT was lauded by
🗒️ Venture Capital Activity in Blockchain Surpasses 2021 Despite Rough Year VettaFi: Bitcoin’s price has dropped by over 60% this year, but despite the fallout in the broad cryptocurrency market, blockchain projects are seeing inflows when it comes to venture capital funding. While the pace of venture capital investment has
🗒️ Top VC Firms Investing in Artificial Intelligence (AI) Companies Marktechpost: A look at the venture capitalists who are currently investing in AI (artificial intelligence) firms. Although the idea of robots used to be somewhat unsettling, a lot of money is currently being invested in the architecture and systems that enable
🗒️ The Venture Capital Perspective on the Digital Economy Coindesk: I.D.E.A.S. 2022 welcomed Apollo Global Management’s Partner and Head of Digital Assets, Christine Moy, Pantera Capital's Partner Lauren Stephanian, Two Sigma Ventures' Principal Andy Kangpan and moderator, Laura Shin, Author and Host of
🗒️ Korean VC Firm Daesung Private Equity Announces $83 Million Metaverse Fund Bitcoin.com: Daesung Private Equity, a Korean venture capital firm, has announced the launch of a metaverse fund of 110 billion won ($83.5 million). The fund, which will have the participation of the Korean state represented by Korea
🗒️ Alternative funding methods draw startups away from venture capital The Business Journals: Venture capital (VC) financing may be a method of choice for startups across the globe, but as alternative funding options become more widely available, some founders are doing what they do best: thinking outside the box. Alternative funding
🗒️ Binance to acquire FTX: implications for games and esports Venturebeat: Cryptocurrency exchange Binance has released a letter of intent to acquire the assets of fellow exchange, FTX. While cryptocurrency, Web3 and gaming have a similar audience, FTX has several direct (and flashy) ties to gaming. 1) Hey all: I have
🗒️ The role of board members during a market downturn Fortune: “RIP Good Times,” Sequoia Capital famously declared in the wake of the 2008 financial crisis, splashing the words in gothic red over a pixelated JPEG of a headstone. The $85 billion venture capital fund was on the money; the U.
🗒️ Black VCs Can Make A Bigger Impact With Institutional And Individual Investors’ Help Forbes: The share of venture capital dollars managed by Black men and women is less than 1% for each. No wonder Black founders have only raised 1.2% of venture dollars, according to Crunchbase. Black people represent