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MaC Venture Capital Launches $103M Seed Fund

socalTECH

Los Angeles- and Palo Alto-based MaC Venture Capital has launched a new, $103M seed stage investment fund today, saying it plans to invest in technology startups across the fintech, e-commerce and marketplaces, interactive media, connectivity, enterprise SaaS, space and aerospace, logistics, and other sectors.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Let’s set up a framework. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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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.

Platform 308
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Here is How to Make Sense of Conflicting Startup Advice

Both Sides of the Table

When I meet other VCs I’m constantly asking how they decide which investments to make, when to pass, when to do follow-on rounds, when to sell a company vs. when to go long, etc. Draw from Frameworks. The most helpful type of advice in my mind are frameworks for how to solve a problem. Fund raising ? For example: 1.

Startup 407
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Brian Garrett, Crosscut Ventures, On Mental Health And Investing In Founders

socalTECH

This week, Los Angeles-based Crosscut Ventures announced a brand new effort to provide health and wellness to the founders of companies it invests in, helping those founders with well being, mental health, stress management, coaching, and leadership development. That's the framework we've build with Evolution.

Invest 113
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Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

This probably isn’t news to developers, but it was news to me when I found out many tech companies still use slave-master language. GitHub talked about making these changes as early as June, when CEO Nat Friedman tweeted that it was something the company was already working on. You can sign up here.

Capital 316
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Movio wants to make your marketing videos with generative AI

TechCrunch LA

One of them is Movio , a two-year-old startup leveraging generative AI along with other machine learning frameworks like GAN to make videos featuring talking human avatars. It has so far raised around $9 million in funding from investors including IDG, Sequoia Capital China and, most recently, Baidu Ventures.