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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. At the time, I didn’t even know that raising venture capital was a possibility.

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Daily Crunch: Investors back away from Dispo

TechCrunch

After a recent story in Business Insider brought allegations to light that a member of David Dobrik’s vlog squad had sexually assaulted an extra during a shoot, Spark Capital announced that it would “sever all ties” with Dobrik’s photo-sharing startup Dispo, as did fellow investors Unshackled Ventures and Seven Seven Six.

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a16z, Avenir and Google back South African mobile games publisher Carry1st in $20M round

TechCrunch

Carry1st , a South African publisher of social games and interactive content across Africa, has raised a $20 million Series A extension led by Andreessen Horowitz (a16z). Andreessen Horowitz general partners David Haber and Jonathan Lai will join Carry1st’s board as observers. .

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Riot Games and Konvoy Ventures back games publisher Carry1st in $6M Series A

TechCrunch

The firm is known for its investment in the video gaming industry’s infrastructure, technology, tools and platforms. Riot Games (developer of League of Legends), Tokyo’s Akatsuki Entertainment Technology Fund (the company behind Dragon Ball Z), Raine Ventures and fintech VC TTV Capital participated.

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Skich’s new app brings social discovery to mobile game recommendations

TechCrunch

Users aren’t promised in-game rewards, virtual currency or anything else. Upon first launch, users simply tap on the categories of games they most enjoy — like board, adventure, card, casino, educational, strategy, word, racing, sports, casual, puzzle, and others. It’s just a recommendation.

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Daily Crunch: Electric rail vehicle startup Parallel Systems raises a $49.55M Series A

TechCrunch

If that comes to bear, the ByteDance news could prove more harbinger than one-off, perhaps reducing the total capital available to startups in the country. The boom in venture capital activity that the world recorded last year, and appears to be still afoot today, is increasingly in contrast to falling valuations for public tech companies.

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Turkey’s Spyke raises $55M in a seed round to bring a social twist to casual mobile games

TechCrunch

“Turkey has always been known as a capital-efficient place for startups,” she said in an interview, referring to the fact that there is a strong pipeline of engineers coming out of education in the country, but also the fact that hiring them is “super affordable” compared to hiring equivalent talent in London or the Bay Area.