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The Opening

A VC: Musings of a VC in NYC

I’ve always thought the opening would be at the intersection of gaming, online communities, and social networks. So the existing incumbents are the defensive line. But what is cooler is that these NFT experiences are operating at the interaction of gaming, communities, and social nets. And there is running room.

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Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

” Internet hegemons have decimated entire spaces: social networks, advertising technology, video streaming and rental, paid email, infrastructure. Their economies of scale and network effects mount significant barriers to competition. A social network rewards its most valuable users in the coin of the realm.

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Amira Yahyaoui wants Mos to be a ‘radical’ fintech startup

TechCrunch

Since its 2017 inception, Mos has opened access to a pool of over $160 billion in financial aid to the more than 400,000 students within its community. We don’t want to be elitist, we don’t want to do this for a very small category of people because we really want to become the incumbent bank in the U.S.,” Image Credits: Mos.

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Why the startup sector should keep its eye on the SEC

TechCrunch

This negative narrative has immense implications for the venture community. Three key areas of proposed intervention by the SEC offer examples of why the venture community should be paying attention. This is an inflection point. In short, the SEC’s actions could slow one of our greatest engines of innovation.

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Both Things Can Be True: Bias and Bad Fundraising Advice

This is going to be BIG.

I’ve backed multiple Black founders and entrepreneurs from the LGBTQ community and so I’ve seen a very wide mix of founders pitch, get funded and get passed on. If I was to guess, the demographics of people pitching me are reflective of two things—what my own network looks like and what my portfolio looks like. First is network bias.

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Make no bones about it, Fuzzy expands reach into pet care market with capital infusion

TechCrunch

Today, Fuzzy announced $44 million in growth funding to expand its digital pet care network of veterinary professionals to alleviate some of the strain on the industry and make care accessible and affordable to all. In addition, 25% of the capital was raised from underrepresented communities, Bhettay said. Fuzzy live chat via its app.

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Taptap Send raises $65M to build cross-border remittances focused on the most underserved markets

TechCrunch

There are dozens, maybe even hundreds, of companies playing in the cross-border remittances field, from incumbents like Western Union through a myriad of tech players, some of which have gone public and some of which remain privately held.