May 25, 2022

Welcome to Startup Weekly, a fresh look at startup trends from this week’s launch. To receive it in your mailbox, Subscribe here.

I spotted a welcome update on private tech startup valuations and an internet-sized star in fundraising hopes.

While many funds are returning to more conservative checks focusing on profitability and business fundamentals, cryptocurrency remains in the spotlight, raising multi-billion dollar funds and investment terms that will take us through 2022. Reminds me of 2021.

So, is it the hype, the promise of cryptocurrency innovation, or a little bit of both? VCs and founders at the fundraising stage talk about current investment strategies when it comes to investing in this group of startups. Contrasting Strategies The capitalization table has technical differences, the culture of the communities that many of the businesses in the space are built on, and of course, the fear of merging into the non-crypto world. As Freestyle’s Jenny Lefcourt told me, “Web2 got the message that ratings were going down, but Web3 wasn’t.”

For my full thoughts on the subject, check out my latest gaming-updates+ column with our new crypto reporter Jacqueline Melinek: Cryptocurrency is changing the investment landscape for even the most disciplined venture capitalists.

In the remainder of this newsletter, we’ll take a look at the closure and improvement of digital fertility company Fast’s Doom and our recent focus on Austin City. As always, you can support me by forwarding this newsletter to a friend, Follow me on Twitter Or subscribe to my personal blog.

offer of the week

Conceive is a digital fertility program that takes a page from CEO Lauren Burson’s professional and personal book. A few years ago, former partner Andreessen Horowitz left his investment career to join Weight Watchers. She soon noticed that people had a “beautiful, clear, consistent experience” of supporting each other as they went through vulnerable times together. Meanwhile, she struggled to have a baby with her partner – several years of loneliness filled with questions, loss and confusion.

Here’s why it’s important: Conceive offers an eight-week pregnancy program that connects users with other families on similar trips, whether it’s their first or sixth time. The group training is then complemented by trainers and an asynchronous curriculum.

What strikes me the most is that this business will only be successful if it works: Berson explained that she is deliberately running a direct route to the consumer because she doesn’t want to serve only people who are “lucky enough to work “. for the employer. , which provides fertility benefits.

Honorable mention:

One person is faster, another is better

Well, we messed up: this week, the fintech world was rocked by the news that the one-click quick pay platform is shutting down. The company cited slow growth, heavy burnout and an inability to raise more funds as reasons for its decline. Affirm offered most of its tech jobs at the same time it closed, but clarified that they needed talent (not technology).

Here’s why it’s important: As we discussed stocks this week, failure in the startup world can feel like “choose your own adventure.” The main takeaway from this episode, which I urge you to listen to, is that there are often dozens of factors that contribute to the failure of a startup. Theranos and WeWork are instrumental in understanding scams at their peak, but twists and turns and layoffs also provide important clues about how founders respond to stress.

failure is hard

Austin don’t compete with Miami, relax

This week, gaming-updates traveled to Austin, Texas for our latest edition of City Spotlight. But there was nothing promising or basic that we could discover. Compared to Silicon Valley, the city is a solid tech hub full of unicorns, tech giants, and absolutely devoid of any inferiority complex. Wow.

that’s why it’s important Via Mary Ann Azevedo: “Austin didn’t make it overnight. It has been mainly known for its software scene over the years, in addition to being the live music capital of the world. But today there are new growing areas such as crypto/web3, real estate technology, consumer products and insurance technology. As in other mature markets, companies that have been successful in the past are now creating a new generation of entrepreneurs and attracting other people from different countries. ,

To be weird:

during the week

  • So, are we meeting next week? gaming-updates 2022 Preliminaries are just around the corner on April 14th and will be held in San Francisco. Join us for a one day stop with GV’s Terry Burns, Greylock’s Glenn Evans and Felicis’ Aydin Sekut. The TC team went out of their way to get back in person, so don’t be surprised if the panels are a little more expensive than usual. Here is the full program and buy launch tickets here.
  • Follow our new senior crypto reporter, Jacqueline Melinek and our new senior corporate reporter, Kyle WiegersI
  • Finally, in case you missed last week’s Startup Weekly.Read it here: What the 411 YC Demo Day Will Teach You About Startups.

Seen on gaming-updates

Technicians describe arrests and interrogations while fleeing Russia

Flutterwave responds when the CEO is arrested for alleged bullying by a former employee

Stop Trying to Raise Debut VC Funds – Use SPVs Instead

Musk cut $3 billion from Twitter; Tesla mogul owns 9.2% of the social network

I know how the world ends and that’s with the twitter edit button

The bale of vainglory.+ seen on

3 Views: Elon’s Twitter Escape From Fiction

Why did the 35-year-old travel IT company decide to cut its tech debt?

Global venture capital markets slowed down in the first quarter, but not as much as you expected

Feelings Different With CFO After SPAC’s Difficult Debut

What Binance’s rescue from Axi Infinity means for the future of cryptocurrencies

see you later,

n

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