The Girls Table Newsletter

1/26 - This Week in Web3, Venture Capital, & Start-ups

January 26, 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 back to The Girls Table, where we bring together the brightest minds of founders, creators, and investors to share their insights, experiences, and perspectives. In this edition of our newsletter, we'll be featuring interviews with successful people in business, sharing resources and tips for entrepreneurs and investors, and discussing the latest trends in the startup world.

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

  • 👯‍♀️ Recommended Newsletter of the Week

🥳 Events & Community: 

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 Jaime Schmidt who is the co-founder of BFF and CPG. Jaime shares her story of jumping into Web3 and starting two successful Web3 Projects.

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:

  • Genesis files for bankruptcy

  • Bitcoin shoots up to $23k and stabilizes

  • European crypto firms brace for MiCA; sweeping legislation

  • Coinbase sees a rise in volume; other exchanges see a decline

🌗 Crypto News:

  • Genesis and its subsidiaries file for Chapter 11

  • They are indebted for $3.4 billion to their top 50 creditors

  • Genesis Global Capital says in the findings that they estimate $10 billion in liabilities and only $1 billion in assets

  • Roger Ver is the backer of Bitcoin Cash (BCH) and is known for being one of the earliest industry figures

  • The complaint comes at the same time as their bankruptcy filing

  • The FBI confirmed that Lazarus Group aka APT38 was responsible for the attack June of 2022

  • Just this month, the group used the Railgun system to launder over $60M worth of ETH

  • Lazarus is also known for the Ronin Network heist that took $600M worth of ETH

💸 NFT Alpha: 

  • The social media outlets for the company posted a picture of a BAYC NFT, with an article detailing the technology.

  • Despite the negative reception, the magazine dropped their genesis collection, “GM: Daybreak Around the World”

  • SnowcrashNFT, the minting partner, experienced downtime during the mint event due to traffic

  • Dookey Dash is a skill-based ‘endless runner’ game similar to Subway Surfers and Temple Run, which will be live on Jan 18 for three weeks.

  • Holders of BAYC and Mutant Ape Yacht Club (MAYC) NFTs will be able to claim a ‘Sewer Pass’ for free.

  • After one of the most successful PFP projects on Ethereum, they will now be moving their second collection to Flow, home of Top Shot and All Day

  • The collection will have millions of NFTs instead of the 10k of the first collection

  • The avatars will be personalized, rather than randomly generated, and can’t be doubled

📈 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.

Bear Markets like the one we are currently in have traditionally been times to build; building the protocols, primitives, and key tools that will be invaluable the next time the market yet again rebounds with new interest and hype. Traditionally, the lower valuations in these times have been a great benefit, allowing investors like us to capture tremendous future value for relatively low investments in the present. 2023 will be a great year for building out a strong, diverse portfolio; one that may be full of obscure names now, but will be a catalog of the industry leaders in the coming years.

Colossal: a real-life Jurassic Park *CLOSING FRIDAY*

  • 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

Emerge: Real Touch Feedback in Virtual Worlds

  • Featured in the World Economic Forum and invested in by the best of the best

  • A16Z, Soma Capital, Eric Schmidt, and other industry leaders are in this round or converting their SAFE

  • This series B round is at a great valuation for how much the company has done, and is accelerated by a deal with Disney and Star Wars for a VR game Spring ‘23

  • Link to invest

Azarus: Turning Streams into Games + Follow-On Round - 4.5M watch hours YTD

  • Since the last round of funding, they launched the new Azarus Platform, which enables anyone to build and distribute games that can be played on Streams

  • Partnered with leading talent agency, AFK to get them to a target of 10M MAU by March 2023.

  • Deployed a series of brand-sponsored games for marquee clients such as Ubisoft / Logitech / Razer / Intel, and Coca Cola

  • $7M in the pipeline for this year and $15M for 2023, and the team is hustling to close as many deals as possible, as fast as possible

  • Launched a partnership with Meta (Facebook Gaming); currently in Open Beta

  • Chosen 5Crypto to help with external communication and public relations - they’ve done a phenomenal job with the SandboxTheir traction is insane with 500K concurrent viewers - the largest audience so far, 4.5 million watch hours year-to-date 2022, and average weekly Engagement Retention of 65.6%

  • Seed +, $50M Post-Money Cap

  • Link to Invest

💰 Venture Capital News

  • The number of new funds in 2022 went down, after a huge increase from 2021

  • Early-stage pre-money valuations have continued to rise on average, as opposed to later-stage valuations

👯‍♀️ Subscribe to our Friends

The best resource we came across this week that will help you become a better founder, investor, or creator:

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

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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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