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2024 Predictions

Tomasz Tunguz

Here are my predictions for 2024. The BTC ETF drives a resurgence in interest in web3 financing. US VC investment falls from $275b in 2022 to $200b in 2023 & sustains at about $200-220b in 2024 as LP interest in venture attenuates after the euphoria in 2020 & 2021. The Fed cuts rates, which helps.

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Kirchner Group Advises Investor in $82M Series A Financing in the BioTech Sector

American Entrepreneurship

20 March 2024 – Kirchner Group is pleased to announce that it acted as a scientific advisor to the Alaska Permanent Fund during their due diligence process related to the recently announced Kenai Therapeutics, Inc. 82M Series A financing. Denali Therapeutics (NASDAQ: DNLI), Juno Therapeutics (acquired by Celgene for approx. $9B)

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NJEDA Establishes Diversity Finance Advisory Board

American Entrepreneurship

(September 21, 2023) – The New Jersey Economic Development Authority (NJEDA) today announced the establishment of the Diversity Finance Advisory Board (DFAB) which will work to increase access to institutional capital for women- and minority-owned startups.

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NJEDA Hosts Diversity Finance Advisory Board Meeting, Convening Diverse Group of Entrepreneurs and Investors

American Entrepreneurship

March 5, 2024) – The New Jersey Economic Development Authority (NJEDA) held the first in-person meeting of the Diversity Finance Advisory Board (DFAB) last week, bringing together a diverse group of investors, entrepreneurs, and mentors for presentations and networking sessions.

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Google and Snap in talks to invest in India’s ShareChat

TechCrunch

The new financing round — a Series E — is slated to be larger than $200 million, with Google alone financing more than $100 million of it, four sources said, requesting anonymity as the talks are private. The terms of the deal could change and the talks may not materialize into an investment, the sources cautioned.

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NJEDA Program Helps to Draw Investment Interest into Innovative NJ Startups

American Entrepreneurship

NJ Entrepreneur Support Program provides guarantees to support investments into Garden State companies TRENTON, N.J. Qualified investors under the program must be independent from the company, and the proposed investment must not mature for at least one year, cannot require payment for at least a year, and must be unsecured.

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Founders Factory Africa partners with Small Foundation to invest in 18 agritech startups

TechCrunch

Johannesburg-based investment company Founders Factory Africa (FFA) today announced a partnership with Small Foundation that will see it select 18 agritech startups for an acceleration and incubation program. FFA is an extension of the Founders Factory organisation that has invested in more than 130 companies globally.

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