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Genies Finds $65M For NFT Avatars

socalTECH

Los Angeles-based Genies, a startup that helps people create their own avatars--which they can decorate by buying special NFTs (non-fungible tokens)--has raised $65M in a Series B funding, the company said this week.

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Crew32, Led By Jason Nazar, Gets $5.2M In Funding Round

socalTECH

Santa Monica-based Crew32 , a stealth startup founded by Docstoc founder Jason Nazar, Betterworks, Geni, and Yammer co-founder George Ishii, and InvestedIn and MySpace co-founder Yadid Ramot, has raised $5.2M, as part of an ongoing $6.0M The filing indicates that 11 investors have so far invested in the company.

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GumGum Confirms Investment Round

socalTECH

Other board members at the firm are Michael Jones, COO of MySpace; Howard Morgan of First Round Capital; and Brian Garrett of Crosscut Ventures. Advisors to the firm include David Sacks of Geni (formerly of PayPal) and Vince Thompson (formerly of AOL and Facebook). READ MORE>>.

Invest 100
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The makers of the virtual influencer, Lil Miquela, snag real money from Silicon Valley

TechCrunch LA

i am deeply invested in the drama surrounding lil miquela and now you all have to be too. It’s less well-known that the company is backed by some of the biggest names in venture capital investment — firms like Sequoia Capital. — maya kosoff (@mekosoff) April 19, 2018.

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Venture capitalists ‘like and subscribe’ to influencers

TechCrunch LA

We are in phase three of the influencer economy,” Bain Capital Ventures senior principal Jamison Hill, who led the firm’s investment in the influencer shoutout marketplace Cameo , tells TechCrunch. 2020 will be a watershed year for investment in businesses around the creator economy,” Neil Robertson tells TechCrunch.

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Is Silicon Valley Really Coming to an End?

Both Sides of the Table

By now you probably know that David Sacks , co-founder of PayPal and founder of both Geni & Yammer made some observations on Facebook that Silicon Valley “as we know it” was coming to an end. I remember a discussion with an older VC who told me that in the early 90′s they wondered whether the VC industry had a future.

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Twiistup 6 Highlights

Both Sides of the Table

We had an excellent opening panel on early-stage investing with Dave McClure (Founders Fund – NorCal), Brad Feld (Foundry Group, Boulder) and Andy Sack (Founders Co-Op, Seattle). The tone of the panel was set by David’s announcement that he was relocating to Silicon Valley (and dragging Geni & Yammer with him).

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