The Girls Table Newsletter

1/11 - This Week in Venture Capital & Start-ups

January 11, 2024

Welcome back to The Girls Table's Newsletter! This weekly newsletter will share key insights into start-ups, venture capital, and 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,

Here is a breakdown of today's newsletter:

  • šŸ„³ Events & Community

  • šŸŽ™ļø New Podcast Episode

  • šŸ“ˆ Start-Up Investment Opportunities

  • šŸ’° Venture Capital News

šŸ„³ Events & Community: 

We are hosting another event for Founders and Investors on January 24th in LA! The list is almost filled but if you are interested RSVP HERE. 

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 group!

šŸŽ™ļø Podcast:

Carta, the go-to cap table platform for startups, was accused by customer Linear of unethical tactics leveraging sensitive investor data. As a fellow investor, venture capitalist, and Carta user, I dove in to unpack the implications.

The core allegations were:

  • Without Linear's consent, a Carta rep emailed their investor fishing for interest in a supposed ā€œfirm buy orderā€ for Linear equity

  • Carta has a clear policy not to use cap table information in their secondary product, and this was in potential violation of that by the employee if it was used

Carta decided to unwind their secondary sale business (matching private stock buyers and sellers), CartaX, to ensure customer trust even though they never planned to use cap table data for their secondary product.

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.

šŸ“ˆ Start-Up Investment Opportunities

Please keep this confidential. 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.

Truflation: Investing in Tokenized Indexes Infrastructure

  • Truflation powers the development and trading of tokenized real-world assets, indexes, and inflation-linked assets, an industry projected to hit $5 Trillion by 2030. 

  • They have since gained viral media attention, become a preferred partner to Chainlinkā€™s oracle network, and is quickly becoming the go-to source for custom index products.

  • Truflation calculates the true rate of inflation with 60+ data sources, 18M triple-checked item prices, 30x faster than government-published CPI data, all done completely transparently, verifiable, and immutable thanks to blockchain technology. 

  • This is a private token sale and we are also writing a large check out of RBV Fund I

  • Link to invest

Carro: Enabling Brands to Sell Products without Capital Upfront

  • B2B SaaS company that enables any e-commerce company to sell products from the world's best brands without spending capital upfront, making inventory commitments, or handling fulfillment.

  • Carro is already working with over 20k top brands and companies in the commerce space including NBC, Netflix, Tiktok, Flip, Barstool, Univision and more! 

  • They currently are working on Adding 1M products to TikTok Shop, expanding Cross-Platform, and launching in other countries

  • Investing alongside Paypal Ventures, Alpha Edison, Paris Hiltonā€™s 11:11 Media, and more

  • $2.05M revenue to date, with est $5.4M in 2024

  • Link to invest

Moviepass: the relaunched cinema subscription platform with nearly 1M waitlist

  • This series A is after the original founders repurchased the company post-acquisition

  • Investing alongside Animoca, Kelly Ventures, Caritas, and Sand Hill Angels

  • Est. $100M+ ARR sitting on the waitlist for a full relaunch 

  • Link to invest

Discord: 175M MAU communication platform with IPO looming

  • We are acquiring shares at an implied valuation of $6.5B, a 56% discount to the previous round

  • Discord previously rejected an acquisition offer for $12B

  • Expected to cross $640M revenue this year

  • Exclusive deal with gen AI company Midjourney, only available as a Discord app

  • Link to invest

Kraken: Secondary Shares for one of the Largest, Oldest Crypto Exchanges

  • Trusted by over 9M traders worldwide, they are #2 in total spot volume in the US

  • Shares are trading at implied valuation of $2.1B, a 15x upside against Coinbase

  • Kraken holds 47% of the top 10 altcoin pair market depth

  • They are also launching their own bank, announced in March

  • Link to invest

Versus Game: Gamified Ads using Gen-AI

  • Raising a $25M Series A+ round of funding

  • This B2B tech helps media, publishers, and brands use generative AI to make interactive content

  • Eric Schmidt, investor and board member, said ā€œThis is the most powerful real-world AI applicationā€ heā€™s seen

  • Almost 1000 digital media partners including Forbes, USA Today, ESPN, ABC, Microsoft, and more

  • Link to invest

šŸ’° Venture Capital News

Carta: State of Private Markets: Q4 2023

  1. Valuations up across most stages - The biggest increase in Series A (from $29M to $45M median)

  2. Round sizes stagnant or down across stages, except Series D where they rose

  3. Seed and Series A saw valuation jumps but flat/falling round sizes

  4. Series B & C valuations up slightly though rounds flattened or decreased

  5. Divergent Series D & E - D round sizes up but E steady; valuations climbed for both

šŸ‘‹ Thatā€™s all for now friends! See you next week.

In the meantime, subscribe to our youtube channel to see weekly podcast episodes.

šŸ’Œ Join our subscribers and sign up for this weekly Girls Table Newsletter if you havenā€™t already!

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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. 28

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