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Welcome to Startups Weekly, a fresh human-first take on this week’s startup news and trends. To get this in your inbox, subscribe here. YC had its biggest news in years this week: Garry Tan will be the new president and CEO of the organization, starting January 2023. Tan co-founded and helped scale Initialized Capital to […]
Shipyard Software Raises $21M for Clipper Decentralized Exchange, Ravikant Among Backers Shipyard Softwareannounced today it has raised $21 million for Clipper, a next-generation decentralized exchange (DEX) that caters to retail traders. A $4 million equity round was led by Polychain Capital with participation from 0x Labs, 1inch, DeFi Alliance, and Quantstamp, as well asother notable investors such as Metacartel DAO, Robert Leshner and Tarun Chitra from Robot Ventures, FJLabs, and Naval Ravikant. An additional $17 million was pledged by liquidity providers for the pool of Clipper, the first...
Abe Othman is the head of data science at AngelList Venture, where he leads a small team creating the new field of quantitative venture capital. He has founded two machine-learning companies with successful exits and invested in more than a dozen seed-stage companies. He received his A.B. from Harvard in Applied Math and a Ph.D. in Computer Science from Carnegie Mellon. More posts by this contributor Tech innovation is becoming more widely distributed across the United States. Among the five startups launched in 2020 that raised the most financing, four were based outside the Bay Area. P...
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Venture capital ‘a key component in wealth creation’ KUWAIT, February 14, 2021 Venture capital has become a key component in wealth creation investment strategies as GCC investors seek alternative asset classes to further diversify their portfolios, a report said. What began as a questionable year for Venture Capitalists, with investments in the startup and innovation ecosystem expected to significantly drop, soon became a transitional point in the Venture Capital realm with new opportunities available across various industries, said Kamco Invest, a regional non-banking financial powerh...