The Girls Table Newsletter

3/16 - This Week in Web3, Venture Capital, & Start-ups

March 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 - What a crazy week! By now, you’ve likely heard of the collapse of Silicon Valley Bank, and the uncertainty it’s caused in the start-up, crypto, and tech world.

The collapse of Silicon Valley Bank created the second-largest bank failure in US history. As the 16th largest bank in America, SVB invested heavily in long-term bonds when rates were near zero, a decision that ultimately led to their downfall. When interest rates rose, the bank suffered a $1.8 billion after-tax loss and urgently needed to raise more capital to address depositor concerns. The market reacted sharply, and SVB lost over $160 billion in value in just 24 hours. As depositors rushed to withdraw their funds, a bank run was well underway. Luckily, the Federal Deposit Insurance Corporation (FDIC) took over SVB on Friday to get depositors access to their money by Monday.

More news to come but 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

  • 📈 Start-Up Investment Opportunities

  • 💰 Venture Capital News

🥳 Events & Community: 

Is anybody planning to attend NFT LA? If so, you can look through this list to find all of the events happening throughout the week.

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:

  • NFT LA

  • NFT NYC

  • 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, Elana Dickman also known as TradingFemale is joined by Jeff Morris Jr. who is the founding partner of ChapterOne. Jeff began investing in 2016 as an angel and a scout for Index Ventures. He was a seed investor in Dapper Labs, Compound Finance, The Graph, Dharma Labs (acq. OpenSea) and more.

Prior to VC, Jeff was the VP of Product and Revenue at Tinder. In the role, he led the revenue team to the #1 top grossing app in the App Store (($20M to $1.2B ARR) and managed the business from the early days of monetization through the IPO.

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:

  • Bank runs cascading effects felt throughout industry

  • Bitcoin hits 9 month high

  • Shanghai update for Ethereum live on testnet

🌗 Crypto News:

  • “They’re out of control” - Brian Quintenz

  • Comes shortly after Leticia James, NYAG, alleged ETH was a security in KuCoin suit

  • Industry voices are coming to support a bipartisan legislative solution

  • BTC hit $26k shortly during Tuesday

  • Some see this as opposition to the banking system as a safer custody

  • Silvergate, SVB, and other crypto-friendly banks have been under extreme pressure from US officials

📈 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. The minimum amount to invest per deal is $1k! Please reach out if you have any questions.

GET Protocol: The Premium NFT Ticketing Solution

  • GET has been building NFT ticketing since 2016

  • They have a full range of ticketing products for event holders, from self-service to full concierge, and also white-label solutions

  • Issued nearly 3.4 Million tickets (1.7M in 2022 alone), over 17k events

  • Investment includes a token grant AND discounted token purchase rights

  • 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

  • SVB had operations across Europe and Asia with clients across most global startup ecosystems.

  • In 2022, 18% of deposits, about $31.1 billion, came from international clients, which represented 3% of total client funds.

  • European banking stocks have been sinking in the last few days following the news of SVB's collapse.

  • SVB's presence in Europe was mainly concentrated in the UK, where its London-based subsidiary, Silicon Valley Bank UK, was established in 2012.

  • SVB was a significant player in the venture debt front, backing startups including data processing company Celonis and travel booking platform GetYourGuide.

👋 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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