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

TechCrunch LA

The PC game capitalizes on a number of big social gaming trends around user-created content, while adding in a marketplace where users can buy avatar figures and accessories crafted by a variety of artists and designers that Mythical has partnered with. The startup has raised a whopping $120 million to date.

Platform 308
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How Startups Can Figure Out Sales: Amos Schwartzfarb, TechStars

socalTECH

That was a really fast stint, we started with only a couple of small customers but ended up taking it to $120K MRR and sold it to Home Depot at a significant multiple above revenue. I didn't really set out to write a book. They got a bunch of investors, including some from Austin. That was four years ago. What's the new book about?

Sales 113
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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. There are many times when being overly capitalized before you’re ready is a negative. Plus, most early-stage M&A fails so this isn’t likely a good use of capital for a young company). But what IS the right amount of burn for a company? Here’s overall what you need to know.

Startup 383
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How I Use Visualization to Drive Creativity

Both Sides of the Table

So I thought I’d write a post about how I drive my personal creativity. (A The key is channeling what you learn when you drive onto paper for retention purposes so you have to write it down soon afterward. When I write a blog post I often see the words before I write them. These are all creative processes.

Writing 356
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So What is The Right Level of Burn Rate for a Startup These Days?

Both Sides of the Table

This has led VC & entrepreneur bloggers alike to similar conclusions: start raising capital early and be careful about having too high of a burn rate because that lessens the amount of runway you have until you need more cash. But the hardest question to actually answer is, “What is the right burn rate for your company?

Startup 150
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Nervana’s $400M+ Buyout Reflects Key Tech Trend in Machine Learning

Xconomy

“It’s not that often in a VC career you get to work with teams you’re sure will be featured in documentaries about how major industries changed,” wrote Matt Ocko of Data Collective Venture Capital , which joined DFJ in Nervana’s initial venture funding. “We In the 2-1/2 years since it was founded, Nervana raised roughly $25 million. (In

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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. The framework of the agreement is expected to include VW making an investment into Ford-backed autonomous vehicle startup Argo AI.