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Day: February 16, 2023

“Here’s Sydney”

by Keith Teare
This post is by Keith Teare from That Was The Week

A reminder for new readers. That Was The Week collects the best writing on key issues in tech, startups, and venture capital. I select the articles because they are interesting. The selections often include things I disagree with. The articles are only snippets. Click on the headline to go to the full original. My editorial and the weekly video are where I express my point of view.

That Was The Week is a reader-supported publication. To receive new posts and support my work, consider becoming a paid subscriber.

Contents

Editorial: “Here’s Sydney”

Essays of the Week

Video of the Week

Fund Accounting Manager – B Capital Group

by Jennifer Zemel

B Capital is seeking a Finance Manager that is capable of taking additional responsibilities on from the team as the position progresses. This position is a great opportunity to gain a broad range of experience within a growing venture capital firm. The position will primarily be focused on fund accounting, portfolio company reporting, quarterly valuations, and internal/external reporting. The ideal candidate will be a self-motivated “all-purpose athlete” who can be flexible with their skills to help with a variety of projects across different firm areas.

Basic Job Responsibilities

  • Key member of lean internal finance team helping oversee multiple funds across a variety of sectors, geographies, and strategies
  • Collaborates with internal and external accounting teams to ensure timely and accurate financial reporting
  • Reconcile and manage various Funds, SPVs, and Holdco entities
  • Liaise with fund administrator for investments, capital calls, distributions, management fee calculations, and quarterly financial statement reporting
  • Work with internal and external teams to manage the quarterly valuation process across multiple entities
  • Maintain line of credit, including borrowings, paydowns, interest accruals, and compliance requirements
  • Assist with global portfolio reporting. Includes working with internal investment and platform team members, external portfolio companies, and overseeing a global portfolio reporting tech platform
  • Supports development of internal financial controls and their implementation
  • Assist in new fund launches including onboarding service providers, opening bank accounts, and coordinating with internal and external legal counsel on entity formation and fund documents
  • Assist with annual audit and tax process
  • Respond to quarterly and ad-hoc investor information requests and (Read more...)

Bridging Blockchain’s Interoperability Gap With Hyperlane’s Jon Kol

by Jessica Galang
This post is by Jessica Galang from Georgian

This is a blog based on Episode 1 of our Bridging Web3 podcast series, which covers technologies and ideas that are part of scaling Web3. Check out the podcast this episode or the entire series here. 

When most people hear the words interoperability and blockchain, their eyes begin to glaze over. But stay with me. 

Put simply, interoperability is the ability for blockchains to interact with each other. Blockchains are great at exchanging value (like cryptocurrency) within their own architectures, but it’s challenging to exchange value across and between different blockchains. This is an impediment to scaling web3’s use cases — if people are limited to one blockchain and can’t exchange information seamlessly between them, it makes the user experience cumbersome and makes it hard for developers to build apps on top of blockchains.

In this blog, we’ll attempt to demystify these seemingly esoteric concepts based on a conversation with Jon Kol, co-founder of Hyperlane. Hyperlane enables interoperability between blockchains and wants to power the future of what it calls interchain singularity—that moment when true interoperability arrives.

In this blog, we’ll cover:

  • The blockchain interoperability problem
  • Common blockchain definitions
  • Trust & security on blockchain
  • How Hyperlane works

Why blockchain interoperability is hard to solve 

Let’s say you wanted to transfer tokens from the Solana blockchain network to Ethereum. It’s not (Read more...)

If a TV show runs in the city and nobody sees it…

by Unknown

When I came across this article from New York Magazine (technically the Cut, but you know what I mean) on on Fleishman Is in Trouble, I had originally intended to do a post making fun of the many passages like this.

Since leaving New York, Beth has found herself in tears at least once a week. She makes $300,000 a year — more than she’s ever earned in her life — but she’s running out of minutes in the day to squeeze out more dollars. “How do I make the $700,000 that I’m going to need to send her to private school or do the renovation in the attic so I can turn it into the master suite so I can have a tub and so I can have one thing I enjoy in my life?” she says. Her takeaway from the show: “Both avenues are shit. You can stay in New York and climb, climb, climb and never get where you need to go and give yourself a nervous breakdown, or you can move to the suburbs and be like, Who the fuck are these pod people? Neither seems great. Is the secret to it all that we have to just choose a lane and embrace it?” 

The national press, particularly publications with "New York" somewhere in their name), never tire of telling us about the financial and emotional hardships faced by the bottom half of the top one percent. By the standards of the genre, the (Read more...)

Investor Stories 283: Why I Passed (Mejia Hernandez, Wroblewski, Burnham)

by Nick Moran | Angel Investor | Startup Advisor | Venture Capitalist

On this special segment of The Full Ratchet, the following Investors are featured:

  • Samara Mejia Hernandez
  • Julie Wroblewski
  • Brad Burnham

Each investor highlights a situation where they decided not to invest, why they passed, and how it played out.

The leaping curve

by Seth Godin
This post is by Seth Godin from Seth's Blog

The learning curve is familiar to many people. It might be steep, but it’s continuous. Organizations (and people) work their way up it, one step at a time (it’s the black line in the graph below).

But there’s rarely a continuous learning curve.

Instead, it’s often interrupted by leaps. The moments when both feet need to leave the ground in order to get from here to there. These red boxes feel like brick walls (until we realize that they are our chance to leap.)