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Series F - Issue #34: The Future of Venture Capital


Series F

November 5 · Issue #34 · View online

The Future of Venture Capital

👏🏻 Happy Sunday everyone! 
Lots of new money sloshing around in the market this week, with at least 5 new (interesting) funds being announced, and that’s before we even start looking at crypto, where it appears despite Bitcoin’s record high, scepticism also peaked this week.  
Dig into the details in this week’s Series F 🤑
Curated by @neilswmurray

Upsetting the Apple Cart 🍎
The nonprofit Evolve Foundation has raised $100 million for a new fund called the Conscious Accelerator to combat loneliness, purposelessness, fear and anger spreading throughout the world though technology ~> Evolve Foundation launches a $100 million fund to find startups working to relieve human suffering
CircleUp, which has been a marketplace for consumer and retail investing, is announcing that it now has a $125 million growth fund to invest in companies directly. Using machine learning technology called Helio, CircleUp Growth Partners says it will be able to identify potential investments using data about companies to predict success ~> CircleUp announced $125 million venture fund
At Corigin Ventures Jackie Vouthouris’ mandate is to build and execute a platform strategy that supports their investment process and the portfolio of companies they invest in, here she elaborates on Building a Venture Capital Platform (Part I): It All Starts with Listening
UC Berkeley is the top-ranked public school in the United States and renowned venture firm Accel is making an effort to get to know its community. The team is launching Accel Scholars, a program to mentor a select group of electrical engineering and computer science students ~> Accel launches UC Berkeley mentorship program
Outsize rounds, and valuations put pressure on startups and investors ~> SoftBank’s Inflationary Impact
Raising the Ratio 🙋🏾
New Funds and Models 💸
Brighteye Ventures, a relatively new European VC dedicated to investing in edtech startups, is announcing that it has closed a €50 million first fund. Eyeing up a slice of the estimated $6 trillion annual education market globally, which, arguably has seen modest digital disruption to date, the firm says it will lead or participate in seed and Series A and B rounds for innovative companies “using technology to enhance learning and creativity ~> Europe’s Brighteye Ventures closes €50M fund to invest in edtech startups
Sunstone Capital announced that they have made the final closing of not one but two new funds totalling €160 million in committed capital ~> Sunstone Technology Ventures closes €160 million in fresh capital
Israeli venture capital (VC) firm Carmel Ventures is changing its name to Viola Ventures and has announced a new $200 million fund ~> Israeli VC firm Carmel Ventures rebrands as Viola Ventures and launches new $200 million fund
Vertically Speaking 📈
Last year, Google CEO Sundar Pichai said the company is moving into an “AI-first world.” As part of its effort to make good on that promise, today Google’s startup incubator, Launchpad Studio, announced its first class of companies—a group of four firms using machine learning to tackle issues in health care ~> Google Is Backing an Eclectic Group of Startups That Use AI in Health Care
Emerging Markets 🌏
The entrance of major global investors into a string of recent early and expansion stage rounds in Latin America is contributing to record investment dollars in Latin American startups ~> 2017 VC deal activity and highlights 
France is banking on a secret weapon to take on Silicon Valley’s big beasts — its government. The French president is using state cash to foster tech startups ~> Emmanuel Macron makes bid for Silicon Valley on the Seine
Fledgling hi-tech start-ups in Israel may face greater difficulty raising funds, as the total number of investment deals has sharply decreased since 2016, according to a study released by Start-Up Nation Central ~> Early Israeli startups face fewer funding rounds, greater challenges 
Crypto-Crazy 🤑
Data shared exclusively with CNBC from financial research firm Autonomous Next shows the number of funds investing in digital assets like bitcoin has grown rapidly to 124 ~> There are now more than 120 hedge funds focused solely on bitcoin, digital currencies
Dan Boneh, co-director of the Stanford Computer Security Lab, said cryptography classes are red hot, over 1 million people have signed up for his online class ~> Bitcoin mania has students flocking to crypto classes at Stanford and other top computer science schools
“I think a lot of people are asking the wrong question. To me, it’s not whether or not Bitcoin is in a bubble? It’s whether or not the bubble in Bitcoin already popped?” ~> What If The Bitcoin Bubble Already Popped?
Projecting out twenty years to see the evolution of Bitcoin, blockchain, alternative cryptocurrencies and decentralization ~> What Will Bitcoin Look Like in Twenty Years?
Bancor has lost more than half of value since June offering, leading to developers questioning usefulness of market-making token ~> One of the Most High-Profile Initial Coin Offerings Has Crashed 50%
Updated ICO Market Condition Observations ~> The Coming Era of the Zombie Token?
A young Kenyan goes from doing odd jobs on the farm to growing virtual coins, as cryptocurrencies spread across the continent ~> Diary of an African Cryptocurrency Miner
Compelling Visions 🔮
The underlying dynamics of power on the Web have drastically changed, and Amazon, Facebook and Alphabet are at the centre of a fundamental transformation of the Web ~> The web began dying in 2014, here’s how 
“Just consider the following macro changes: capital is more plentiful (with caveats), the cost of technology is constantly dropping, and as a result, what it costs to build a company is now significantly less. On top of that, code is being increasingly commodified, the overall tech industry is maturing so that there is less white space, and there are more serial entrepreneurs than ever competing for seed funding” ~> Dear Entrepreneurs: This Is How To Ace The New Seed Round
Being nice often pays tangible dividends when you least expect it, and sooner than you’d think ~> Paying it Forward and Getting Paid
Always Be Closing ☕️
It’s my birthday tomorrow, so if you don’t share this edition on Twitter, when will you ever? 🎂
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