A16z doesn’t invest, it manifests
Hello and welcome back to Equity, TechCrunch’s venture capital-focused podcast, where we unpack the numbers behind the headlines.
Natasha and Danny and Alex and Grace were all here to chat through the week’s biggest tech happenings. In very good Show News, Chris is back! He’s working on the next iteration of the show, something that you will be able to see starting Very Soon. Get hyped!
Today though, we had a delectable dish of dynamic doings, namely news items of the following persuasion:
- Bitcoin broke the $50,000 barrier, something that we wanted to talk about. Especially in light of Coinbase’s $77 billion valuation. Natasha walked us through some growth metrics, and Alex was sad that he isn’t already retired. Danny remains a full-on crypto bull.
- And on the blockchain thing, Blockchain.com raised $120 million, proving that there are huge amounts of capital available for the guts-and-bolts tooling of the bitcoin world.
- Li Jin, who coined the term “passion economy,” has closed her debut $13 million fund for startups within the same category. She joined other investors in our latest survey on the creator economy’s changing tides.
- Off of $1 million in ARR, Circle has brought on $4 million in funding at a valuation north of $40 million.
- A16z invested in Stir, which helps creators manage and view their various income streams. The funding total was not disclosed, but is reportedly valuing (Read more...)