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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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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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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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NJEDA Approves First NJ Innovation Evergreen Fund Investment to Newark-based 1Huddle

American Entrepreneurship

First Complete Cycle of Investment Under Novel State Program Benefits Newark Provider of HR Gaming Platform TRENTON, N.J. October 12, 2023) – The New Jersey Economic Development Authority (NJEDA) Board today approved the first investment in an emerging New Jersey company from the New Jersey Innovation Evergreen Fund (NJIEF).

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Governor Murphy Announces Proposed Fintech Accelerator in Hoboken

American Entrepreneurship

The two entities will oversee NJ FAST’s accelerator program with an opportunity to make equity investments into select participating companies. Equity investments of up to $1 million will be made in at least 15 percent of participating companies. Pending approval by its Board, the NJEDA intends to invest up to $17.5

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NJEDA Awards First $2M under Angel Match Program to Support Early-Stage Technology Companies

American Entrepreneurship

$20M program matches investors’ direct investment in product-based companies TRENTON, N.J. April 24, 2024) – The New Jersey Economic Development Authority (NJEDA) has closed its first four approvals under the Angel Match Program , awarding a total of $2 million to support early-stage technology companies.

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