The Girls Table Newsletter

2/16 - This Week in Web3, Venture Capital, & Start-ups

February 16, 2023

Welcome back to The Girls Table's Newsletter! This weekly newsletter will share key insights into web3, venture capital, crypto, & the community. Join our Telegram to hear about upcoming events, job opportunities, and connect with like-minded individuals!Also, don't forget to respond to this newsletter with a quick "Hi" so it doesn't get buried in your promotions folder!

GM, Welcome to the latest edition of The Girls Table newsletter! In this week's issue, we have some exciting investment opportunities, including a chance to invest in a company using genetic engineering to clone extinct species. We also have updates on the NFT market and the US regulatory crackdown on the crypto world. Plus, we're sharing our tentative event calendar for 2023, so be sure to let us know about any conferences you'll be attending. And, as always, we have a new episode of our podcast featuring a special guest from the industry. So, grab a cup of coffee and let's dive in!

As always thank you for reading and taking a seat at The Girls Table.

Here is a breakdown of today's newsletter:

  • 🥳 Events & Community

  • 🎙️ New Podcast Episode

  • 🚨 TLDR - This Week in Crypto

  • 💸 NFT Alpha

  • 📈 Start-Up Investment Opportunities

  • 💰 Venture Capital News

🥳 Events & Community: 

We are officially hosting a girl's (& boy's) table in LA for Venture Capitalists on February 28th at our favorite restaurant! Reply back to this email if you will be around and currently work in VC as we have a few spots still available!

Below we have provided our tentative list for 2023 but if you want to see a larger list of crypto events check out a larger list one of our community members made here:

  • ETHDenver

  • NFT LA

  • NFT NYC

  • Miami NFT Week

  • Consensus

Also, if you don't want to miss out on future events we will be hosting during 2023, join our Telegram group to stay up-to-date. The chat has been growing and it is so amazing to have such an awesome inspiration group!

🎙️ New Podcast Episode:

In this episode of The Girls Table, TradingFemale is joined by Polina Pompliano who is the Author of The Profile, a new media company that features long-form profiles of successful people and companies each week.

Previously, Polina spent five years at Fortune where she was the author and editor of Term Sheet, Fortune’s industry-leading dealmaking newsletter.

Do you know any entrepreneurs, creators, or investors who you think have an amazing story? Please reply and share them with us so we can continue to have the most inspirational individuals on the podcast.

🚨 TLDR - This Week in Crypto:

  • US regulatory tightening on crypto world

  • NFT market slowly resists bear market

  • Blur airdrops tokens to past users

🌗 Crypto News:

  • Crypto markets are reacting to lawmaker actions over the past few weeks

  • Paxos has been ordered to stop minting the BUSD stablecoin

  • Last week, Kraken settled with SEC over their staking service

  • The proposed rule change makes it harder for legacy funds to work with “unqualified custodians”

  • This comes as the SEC still reels after their close association with FTX and Sam Bankman-Fried

💸 NFT Alpha: 

  • Over 90k ordinals have been “inscribed” on the blockchain over the past month, with over 20k on February 9th alone

  • The project involves using a Satoshi (the smallest divisible unit of a Bitcoin) to “code” the image directly into the block data

  • This comes as Ethereum NFTs rally, increasing in volume 35% over the past 30 days

  • All users that have bid on Blur are eligible for a “care package” of airdropped tokens

  • This is their third airdrop, with the first two rewarding NFT traders pre-launch and for NFT sellers that listed through Blur

  • Coinbase and Huobi have announced plans to list the token for trade in the near future

📈 Start-Up Investment Opportunities

Please keep this confidential.The author of this newsletter, TradingFemale, works at Red Beard Ventures. Red Beard Ventures is a Web3 Venture Capital Firm that has invested in over 150+ companies including Sandbox, Dapper Labs, SuperRare, Unstoppable Domains, LayerZero, and more! If you are an accredited investor and interested in expanding your start-up portfolio, we have provided some investment opportunities that are currently active through the Red Beard Ventures Syndicate.

Phantom: Solana’s Best Wallet Moves to Ethereum/Polygon

  • We have the opportunity to purchase secondary stock at a 40% discount from their last round

  • The cap table for this last round included a16z, Paradigm, and other top names, at a $1.2B valuation

  • Growth exploded with now 2.1M active users, and onboarding 100k per week

  • Link to invest

Simply Eggless: The Future of Egg Alternatives

  • Simply Eggless is the second-largest producer and supplier of plant-based eggs globally, with a revenue of $2M in 2022

  • Their products are sold in over 2.8k stores in North America and the company is looking to expand to 1k more stores, serving their massive popularity among Gen Z and Millennials

  • The main ingredient used by Eggless is lupin bean, which offers high protein, excellent baking functionality, and is environmentally friendly

  • The competitors in vegan egg alternatives all fall behind Simply Eggless, which has a much more versatile and shelf-stable product

  • Link to invest

Colossal: A Real-Life Jurassic Park

  • Colossal is using genetic engineering to clone extinct species

  • The Woolly Mammoth is set to once again walk the Earth in 2027!

  • Their technology of reconstructing ancient DNA to the point of cloning is revolutionizing the biotech field

  • This is their series B, and we are co-syndicating with our friends at C3

  • They have signed ten LOIs with zoos for paid exhibits, with a projected $500M in yearly revenue

  • Link to invest

💰 Venture Capital News

  • Despite IPO freeze, rising geopolitical tensions, and market instability, valuations for US-based startups remain strong in 2022.

  • The median seed valuations grew by 16.7% to $10.5 million, the highest ever recorded by PitchBook.

  • Exits were affected by an IPO freeze, resulting in a critical off-ramp for startups being closed, causing a drop in public exit valuations by 32% with median and average valuations falling to their lowest point in five years.

  • Startups in the venture growth stage faced a decline in valuations, dropping 17% from last year, but valuations remain high.

👋 That’s all for now friends! See you next week.

In the meantime, subscribe to our youtube channel to see weekly podcast episodes💌 Join our subscribers and sign up for this weekly Girls Table Newsletter if you haven’t already!📲 Join our friends by connecting with us and following us on The Girls Table Twitter + Tiktok.

Disclaimer: The Girls Table DOES NOT provide financial advice. All content is for informational purposes only. The Girls Table is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.

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