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Series F - Issue #35: The Future of Venture Capital


Series F

November 12 · Issue #35 · View online

The Future of Venture Capital

👋🏻 Happy Sunday! 
I’m already sending this out later than usual, so let’s get straight to it! 🚀

Upsetting the Apple Cart 🍎
To understand what’s going on with Softbank, let’s quickly remind ourselves how the Vision Fund came to be, how it’s being spent today, and how that might scale if the firm does manage to reload its venture cannon ~> Softbank’s 12 Digit Mad Dash Against The Coming Singularity
EQT Ventures is using artificial intelligence (AI) to look for new European investment opportunities and find the next tech unicorn ~> Using AI to find the next tech unicorn 
If investing is driven primarily by greed and fear, few subjects elicit either more greed or more fear among venture capitalists these days than cryptocurrencies. Some big-name venture investors, including Andreessen Horowitz and Sequoia Capital, are plunging deeper into the arena, excited by the prospect of big returns, and perhaps, changing the nature of venture investing ~> Cryptocurrency Mania Fuels Hype and Fear at Venture Firms
“Carta is about creating more owners. To map and expand the ownership graph, democratizing ownership in the process. To reduce income inequality by expanding the ownership of productive assets. To pull more wage-earners out of the debt stack and into the equity stack. To make 7 billion people part of the landowning class.” ~> We outgrew eShares so we renamed ourselves Carta. Let me explain why
Raising the Ratio 🙋🏾
There are occasional glimmers of hope that the industry is improving in terms of diversity. Forerunner Ventures’ Kirsten Green made both Forbes’ Midas List of top investors and Forbes’ list of the world’s 100 Most Powerful Women in 2017. And Arlan Hamilton’s firm Backstage Capital is led exclusively by women, people of colour and LGBTQ investors. Still, there are plenty of VC firms run entirely by men – making the achievements of Hayley Barna and Rebecca Kaden all the more exceptional ~> In New York VC, Two Women Make History As First Female General Partners
New Funds and Models 💸
Sequoia Capital is raising up to $180 million for a new fund that will focus exclusively on seed-stage opportunities ~> Sequoia Capital raising dedicated seed fund
SoftTech VC announces a new name, identity, and website ~> Hello Uncork Capital; Farewell SoftTech VC!
Hardware businesses are brutal. Here’s what consumer hardware startups can learn from failures like Jawbone, Juicero, Pebble and others ~> Why Do So Many Hardware Startups Fail?
Vertically Speaking 📈
Looking for the next breakout European tech company? Just check the portfolios of the investors of the first ever Midas List Europe, the definitive list of the top venture capitalists in Europe and Israel ~> Midas Europe 2017: Meet The 25 Best Venture Capitalists In Europe
A number of factors have prevented many European technology companies from reaching the same levels of dominance as those in the US. But there are signs that this is reaching a turning point, as a recent report reveals the European venture-capital industry and investment ecosystem has now matured ~> Europe’s venture capitalists are closing the gap with Silicon Valley
The latest sign of investor mania for Chinese internet stocks has emerged from a company that charges people small fees to read books online ~> Clamor for Tech IPOs Reaches Fever Pitch in Asia
Crypto-Crazy 🤑
User mistakenly takes control of hundreds of wallets containing cryptocurrency Ether, destroying them in a panic while trying to give them back ~> ‘$300m in cryptocurrency’ accidentally lost forever due to bug
The massive calculating power of quantum computers will be able to break Bitcoin security within 10 years, say security experts ~> Quantum Computers Pose Imminent Threat to Bitcoin Security
Millennials often get the blame for ruining traditions and the established order of things, but they may well be on the right path when it comes investing. A survey has found that the next generation of investors are no longer interested in stocks, looking rather at a new technology ~> Bitcoin Over Stocks: Millennials Moving With Times, Study Shows
They raise difficult legal questions ~> Regulators begin to tackle the craze for initial coin offerings
Compelling Visions 🔮
Forward Partners are rethinking their values: The pursuit of skill and pace
“We need to talk about the tsunami of questionable money crashing into the tech industry” ~> Saudi Money Fuels the Tech Industry. It’s Time to Ask Why.
How the world’s worst investor fleeced clients who couldn’t complain ~> The Dead Man Fund 
Andy Weismann’s take on a quantitative machine learning approach to investing ~> Quantitative Investing in Shampoo
Morgan Housel: Never do that again 
From a retail job in Detroit to Investment Apprentice at a fast-growing VC firm ~> My Unlikely Entrance into Venture Capital
Always Be Closing ☕️
All feedback/comments etc to @neilswmurray or
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