Since early 2017, there’s been a new trend in the U.S. where a number of Asian funds have been actively involved in early-stage crypto investing. Many folks in traditional tech have not heard of them before, but these funds will only be growing more important as cryptocurrency and blockchain solidify their position in the American […]
View More Cryptocurrency and blockchain bring Asia funds to the forefront of U.S. techCategory: Andreessen Horowitz
Wonderschool raises $20M to help people start in-home preschools
Educators already don’t get paid enough, and those that work in preschools or daycares often make 48% less. Meanwhile, parents struggle to find great early education programs where kids receive enough attention and there’s space, but they don’t need special connections or to pass grueling admissions interviews to get in. Any time there’s a lousy […]
View More Wonderschool raises $20M to help people start in-home preschoolsMagic Leap One AR headset for devs costs more than 2x the iPhone X
It’s been a long and trip-filled wait but mixed reality headgear maker Magic Leap will finally, finally be shipping its first piece of hardware this summer. We were still waiting on the price-tag — but it’s just been officially revealed: The developer-focused Magic Leap One ‘creator edition’ headset will set you back at least $2,295. […]
View More Magic Leap One AR headset for devs costs more than 2x the iPhone XAndreessen-funded dYdX plans ‘short Ethereum’ token for haters
Crypto skeptics rejoice! A new way to short the cryptocurrency market is coming from dYdX, a decentralized financial derivatives startup. In two months it will launch its protocol for creating short and leverage positions for Ethereum and other ERC20 tokens that allow investors to amp up their bets for or against these currencies. To get […]
View More Andreessen-funded dYdX plans ‘short Ethereum’ token for hatersConnie Chan breaks the mold at Andreessen Horowitz, becoming the first general partner to be promoted from within
Investor Connie Chan has made such an impact on her colleagues at Andreessen Horowitz (a16z) since joining the firm in 2011 that today, they’re announcing Chan’s appointment to general partner. It’s a big deal for the Sand Hill Road venture firm for numerous reasons. First, Chan becomes just the second woman in the firm’s nine-year […]
View More Connie Chan breaks the mold at Andreessen Horowitz, becoming the first general partner to be promoted from withinAndreessen Horowitz has a new crypto fund — and its first female general partner is running it with Chris Dixon
Silicon Valley powerhouse Andreessen Horowitz has some big, and bigger, news today. First, it closed a dedicated crypto fund late last week from a subset of its limited partners, who’ve provided the firm with $300 million in capital commitments. The fund had become the worst-kept secret in the venture industry, largely because so many other […]
View More Andreessen Horowitz has a new crypto fund — and its first female general partner is running it with Chris DixonCoinbase’s first investment, Compound, earns you interest on crypto
Compound wants to let you borrow cryptocurrency, or lend it and earn an interest rate. Most cryptocurrency is shoved in a wallet or metaphorically hidden under a mattress, failing to generate interest the way traditionally banked assets do. But Compound wants to create liquid money markets for cryptocurrency by algorithmically setting interest rates, and letting you […]
View More Coinbase’s first investment, Compound, earns you interest on cryptoOrchid Labs is in the process of raising $125 million for its surveillance-free layer atop the internet
Orchid Labs, a San Francisco-based startup that’s developing a a surveillance-free layer on top of the internet, has raised a bunch of funding, according to a newly processed SEC filing that shows the year-old startup has closed on $36.1 million. The money comes just five months after Orchid closed on a separate, $4.5 million in funding from […]
View More Orchid Labs is in the process of raising $125 million for its surveillance-free layer atop the internetBasis, a year-old startup that’s building a price-stable cryptocurrency, just raised $133 million from top investors
If you own any Bitcoin, you’re probably in the habit of watching its price fluctuate wildly. What you aren’t doing is using your Bitcoin to buy things. It’s too valuable, not to mention unpredictable. Enter Basis, a year-old, 10-person, Hoboken, N.J.-based cryptocurrency startup at work on a “stable coin” whose elastic supply will ostensibly expand […]
View More Basis, a year-old startup that’s building a price-stable cryptocurrency, just raised $133 million from top investorsA16Z and Founders Fund sink $28M into IRL asset blockchain Harbor
Harbor helps businesses legally issue cryptocurrency tokens that represent ownership of real-world assets like real estate, fine art, company equity, and investment funds. This “tokenization” might sound boring, but it could be a big business that unlocks trading of illiquid property. Harbor‘s intention to become a fundamental bridge between the offline and crypto economies has […]
View More A16Z and Founders Fund sink $28M into IRL asset blockchain HarborCoinbase buys Earn.com and makes CEO Balaji Srinivasan its first CTO
Coinbase, the prominent cryptocurrency exchange, has announced its most significant piece of M&A to date after it agreed to buy Earn.com, the U.S. startup that uses the blockchain for its paid-email service, in a deal worth more than $120 million. In addition, Coinbase has appointed Earn.com co-founder and CEO Balaji Srinivasan as its first CTO, […]
View More Coinbase buys Earn.com and makes CEO Balaji Srinivasan its first CTOEnergy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO
Bram Cohen invented torrenting. Now he’s building a cryptocurrency called Chia that doesn’t waste electricity like Bitcoin, and top investors are lining up. Chia has just raised a $3.395 million seed round led by AngelList’s Naval Ravikant and joined by Andreessen Horowitz, Greylock and more. The money will help the startup build out its Chia […]
View More Energy-saving Bitcoin rival Chia raises from A16Z, plans mini-IPO