VC Firms Are Raising Capital, but They're Not Using It Well.

2min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

A lot of venture capitalists are just sitting on funding right now. They've seen all their public deals just completely crater. So i'd imagine if you're like, hearing about some hot new deal, you're not going to be immediately writing the check. What's interesting though is that I have heard a little bit about different v c firms taking bigger stakes in the public markets even though that's not really what they do. But i guess, you know, the public markets are looking a lot worse right now, and maybe they kind of think now is the time to get in. The prices are looking really low. And it's an interesting facet of a lot of these firms having become registered

Welcome back, this week Lucas and Anita return to discuss the ultimate meme investing crossover episode with GameStop launching an NFT marketplace. We also break down this week’s latest drama with the liquidation of crypto hedge fund 3 Arrows Capital. It wasn’t all doom and gloom as we discussed some of the new crypto funds injecting fresh capital into the space.

In their interview this week, Lucas and Anita chat with Naveen Jain. Naveen is the founder of web3 startup Yat which lets people buy their own emoji URL. The marketplace saw some wildly expensive sales this year, but when can pricey emojis tell us about the future of identity?

Subscribe to the Chain Reaction newsletter to dive deeper: https://techcrunch.com/newsletters

Helpful links:
https://techcrunch.com/2021/07/30/yat-thinks-emoji-identities-can-be-a-thing-and-it-has-20m-in-sales-to-back-it-up/

https://techcrunch.com/2022/07/13/celsius-one-of-cryptos-biggest-lenders-files-for-bankruptcy/

https://techcrunch.com/2022/07/12/crypto-focused-multicoin-capital-launches-430m-venture-fund/

Chain Reaction comes out every Thursday at 12:00 p.m. ET, so be sure to subscribe to us on Apple Podcasts, Spotify or your favorite pod platform to keep up with the action.