Katie Haun (who was previously at a16z as the head of their crypto investments division) has started her own venture firm focused on the crypto market and has raised $1.5 billion.
The capital, the largest ever for a solo female founder-led venture, is split across two funds, with the first $500M tranche set out for backing early-stage startups. The remaining $1B “accelerator” fund will focus on late-stage well-established firms across Web3.
Opensea have just announced their own Venture fund, Opensea Ventures. The fund will seek investments in startups working in domains such as NFTs, DeFi, blockchain, and others. OpenSea co-founder Alex Attalah will lead the venture fund.
The fund will focus on startups that produce NFTs, create NFT protocols, produce blockchain and metaverse games, and develop NFT analytics.
This seems like a natural next step to build out an ecosystem fast and potentially tie down some assets for exclusive sale in the Opensea platform.
Even though there has been a huge crackdown in the Chinese Tech companies – it seems like there are still many Venture Capital firms that are bullish on the future of the Chinese Tech sector.
One venture firm that is looking for more opportunities is Telstra Ventures. Telstra Ventures is the venture capital arm of Telstra – Australia’s largest telecoms company.
Telstra has been investing in China for the past six years. It now counts three Chinese unicorns in its portfolio.
Keep an eye on Telstra Ventures investments as it seems like their research is finding some of the best opportunities in the Chinese Tech sector.
Venture Capital by Numbers:
Venture Capital business is 100% a game of outliers
Great article on Bloomberg about Jetbrains – the company behind the popular programming language Kotlin.
Key numbers:
It’s great to hear from other founders who are far more interested in the issue they are trying to fix than the billions of dollars they could be personally making.
NO!
A lottery win means you receive the money with no obligations.
Getting Venture Capital means it is only the beginning of your journey and that you are selling part of your company with an expectation that it will grow and be worth more money in the future. This comes with a huge amount of pressure and a lot of work!
Spotify raised a total of $188 million from venture capital and private equity companies before its IPO.
Series A, 10/08 $21.6M
Creandum
Northzone
Li Ka-shing
Series B, 8/09 $50M
Wellington Partners
Li Ka-shing
Series C, 2/10 €11.6M
Sean Parker
Founders Fund
Venture Round, 6/11 $100m
Kleiner Perkins Caufield & Byers
Accel Partners
Digital Sky Technologies