Board Ape Yacht Club - The Fundraising of 450 Million Dollars

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Yougolabs, which is creator of board ape yacht club, raised 450 million dollars in a round led by andreson crypto. The plans for the the business was actually to build a gaming focused a metaverse named meta r p g that will be compatible with a host of different nfts. Dikito: I think it reminded me like a pitch deck in like 20 12, where they have this audacious vision for a consumer product. But i just don't see how that thisa isnt like numbers really make sense to invest at this valuation for that particular vision.

(01:26) Facebook executives flee but not in a super disconcerting way yet

(09:34) Yuga Labs raised $450 million dollars to let Bored Ape Yacht Club try to do a thing

(21:53) Democratizing NFTs for everybody as long as everybody has $250,000

(29:33) Why you’d mess with NFT success kinda just because it’s cool

(35:43) How Vitalik Buterin just wanted his World of Warcraft stuff and now there are million dollar monkeys

https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580?mod=tech_lead_pos5

https://www.theverge.com/2022/3/22/22991272/yuga-labs-seed-funding-a16z-bored-ape-yacht-club-bayc-metaverse-other-side

https://time.com/6158182/vitalik-buterin-ethereum-profile/

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Mixed and edited: Justin Hrabovsky

Produced: Andrew Nadeau and Rashad Assir

Executive Producer: Josh Machiz

Music: Griff Lawson

Show Notes:

Wall Street Journal - Facebook Executives: https://www.wsj.com/articles/mark-zuckerberg-and-metas-leadership-take-remote-work-to-the-extreme-11648040580

Leaked BAYC Deck: https://twitter.com/LeonidasNFT/status/1505058932758360064?s=20&t=AaGm3EcwEjQOheuHGSMPkQ

Axie Infinity video: https://www.youtube.com/watch?v=0GFSDdt35xI

Vitalik on the future of Crypto: https://time.com/6158182/vitalik-buterin-ethereum-profile/

Vitalik at ETH Denver: https://tech.hindustantimes.com/tech/news/ethereum-founder-vitalik-buterin-says-crypto-welcomes-another-winter-71645295910461.html

Executive Producer: Rashad Assir

Producer: Leah Clapper

Mixing and editing: Justin Hrabovsky

Check out Unsupervised Learning, Redpoint's AI Podcast: https://www.youtube.com/@UCUl-s_Vp-Kkk_XVyDylNwLA

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About the Show

Logan Bartlett is a Software Investor at Redpoint Ventures - a Silicon Valley-based VC with $6B AUM and investments in Snowflake, DraftKings, Twilio, and Netflix. In each episode, Logan goes behind the scenes with world-class entrepreneurs and investors. If you're interested in the real inside baseball of tech, entrepreneurship, and start-up investing, tune in every Friday for new episodes.