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Mobile News - Week of November 1, 2021

Issue #157 — View online — Suggest a link
Mobile

The latest news and information about startups and innovations from the mobile world.

Once upon a time the 10-year venture fund cycle made sense, but that’s no longer the case for Sequoia Capital. 
This past week, Sequoia made a super bold and disruptive move with the launch of The Sequoia Fund - a singular, permanent structure that will allow it to hold public equities for a longer period of time. The Sequoia Fund is an open-ended liquid portfolio made up of public positions in a selection of our enduring companies. It will in turn allocate capital to a series of closed-end sub funds for venture investments at every stage from inception to IPO.
Crypto startups have received nearly $16 billion in funding in 2021 from some of the biggest names in venture including a16z to Sequoia Capital. The amount of money in rounds led this year in crypto by Coatue, $1.9 billion; Tiger Global, $1.4 billion; and Andreessen Horowitz, $759 million, alone surpass all of last year’s funding. Read more here.
Race Capital portfolio companies are hiring!  Check out our job board
Here are the top mobile news this week >
  • Facebook is now Meta
  • Apple - $10B lost to App Tracking Transparency policy
  • Apple - Trims iPad production
  • Zoom - Ads monetization to free users
  • Netflix - Gaming launch!

Zuck's Letter, 2021 | Meta
How to Scale your eCommerce, D2C or Retail Company: An AMA with Techstars Founders and Managing Director Matt Kozlov
Apple trims iPad production to feed chips to iPhone 13
Zoom is testing showing ads to free users
Netflix games are coming to all members on Android, starting this week
Techstars Startup Digest Mobile is curated by:
Edith Yeung Edith Yeung - General Partner at Race Capital
edith.yeung@startupdigestmail.com
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