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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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Timing and why we’re all VCs

TechCrunch LA

Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. Anyone who has worked in a large company further knows that timing a product launch or a new marketing strategy has more to do with internal politics than reading market forces. When should you start a company?

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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. by Michael Woolf that is worth any startup founder reading to get a sense of perspective on the reality warp that is startup world during a frothy market such as 1997-1999, 2005-2007 or 2012-2014. There are many times when being overly capitalized before you’re ready is a negative.

Startup 383
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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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How Startups Can Figure Out Sales: Amos Schwartzfarb, TechStars

socalTECH

I didn't really set out to write a book. What are the operational things you need to do, to get product market direction, to get product market fit, how to know when you've achieved it, and what you do when you have achieved it. A customer development person is a cross between a sales person and a product marketer.

Sales 113
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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.

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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