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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

The funding is being led by Coatue Management, with participation from existing investors Sequoia Capital, Index Ventures and Madrona Venture Group, and it is coming in at a $3.5 It has now racked up 37 million users who build and play games in “rooms” where they virtually hang out with other users. billion valuation.

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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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Why you have to pay attention to the Indian startup scene

TechCrunch

Data shows that India’s venture capital scene has grown sharply in recent years. In 2020, the third quarter brought the country’s venture capital scene back to form. After a somewhat average start to the year, Indian startups saw their venture capital investment fall to just $1.5 Let’s see what gets built. Market Notes.

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Epic Games to shut down Houseparty in October, including the video chat ‘Fortnite Mode’ feature

TechCrunch

Last year, Epic Games integrated Houseparty with Fortnite, initially to allow gamers to see live feeds from friends while gaming, then later adding support to livestream gameplay directly into Houseparty. 8 investors discuss social gaming’s biggest opportunities.

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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). A couple of prominent individual investors, including Nas and the founders of Chipper Cash , Sky Mavis and Yield Guild Games, took part.

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15 Business Leaders Share Their Experiences and Insights on Getting Through COVID-19

StartupNation

What do you need to do to support them, so that they can continue working during uncertain times? Take proper measures to keep employees safe and offer support where you can. Although the market is shrinking, there still are businesses out there that we can support, and perhaps they need us now more than ever before.”.

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The Big VC Thaw – Why The Market is Moving Again (part 2 of 3)

Both Sides of the Table

So what is driving the new energy in the remaining venture capital firms when we kept hearing how much the whole industry was “against the ropes?&# … 1. The growth of Facebook and social gaming led by Zynga – Another obvious trend is Facebook. Notice that I didn’t say “social networking.” Seems an obvious fit.

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