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Mythical Games raises $75M to build an NFT game engine

TechCrunch LA

Even as NFT sales dip below their most speculative highs, startups aiming to tap into their potential are still scoring big funding rounds from investors who believe there’s much more to crypto collectibles than the past few months of hype. The round was led by WestCap. The startup has raised a whopping $120 million to date.

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Timing and why we’re all VCs

TechCrunch LA

Start writing down predictions about people, companies, and markets. From the article: Mithril had its best moment yet last week when a portfolio company, Auris Health, sold to Johnson & Johnson for more than $3 billion — returning at least $500 million to the fund. How can you practice timing? Ditto people you met a while back.

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Transportation Weekly: Uber’s spending habits, Tesla Model Y, scooters and AVs in Austin

TechCrunch LA

Harris writes: “The figures, dating back to 2016, paint a picture of a company desperate to meet over-ambitious autonomy targets and one that is willing to spend freely, even recklessly, to get there. .” Uber is in talks with Softbank Vision Fund and Toyota to raise $1 billion for its self-driving unit Uber ATG.

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What’s the Real Deal with AngelList?

Both Sides of the Table

I hope I straddled people’s points of view well enough not to have offended anybody while adding a framework for how I think about the service. This is a blog post I really didn’t want to write. I didn’t want to write it because I have mixed feelings about AngelList. So why I am writing it then?

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So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

There is much talk these days that startup valuations have decreased and may continue to do so and that the amount of time it takes to fund raise may take longer. months for fund raising start to finish and make sure you have at least 6 month’s of cash if it takes longer.

Startup 150
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Let’s set up a framework. We want money to make some acquisitions (investors would prefer to fund M&A if they know specific deals – not to encourage bad behavior. A Framework to Guide You: So putting it all together, you should always be mindful of your personal circumstances and market conditions.

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Why Successful People Focus on the Bottom End of the Funnel

Both Sides of the Table

Today I’d like to give that advice in more tangible terms and with a framework to think about your tasks – the funnel. VC meetings are easy to come by but money in the bank is the only thing that will fund your next 12 months. We all know the type of person who lives in the top end of the funnel.

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