TechCrunch:
Despite the recent downturn in the cryptocurrency market, Y Combinator’s Summer 2022 batch has 30 crypto startups, up from 25 in its Winter 2022 batch — Crypto and web3 stands out in the Summer 2022 batch — Crypto founders have heard the saying a thousand times in the past few months …
Biz Carson / Protocol:
An overview of trends from YC’s Demo Day for Summer 2022: enterprise made up the bulk at 39% of the 223 startups in the batch, followed by fintech and dev tools — Hello, and welcome to Pipeline. I’m Biz Carson, and I once slept on the street overnight in London to be in the front row …
Connie Loizos / TechCrunch:
Q&A with outgoing Y Combinator President Geoff Ralston on his decision to leave the accelerator, its investing capital sources, the market slowdown, and more — Last week at Web Summit, we were asked to interview outgoing Y Combinator President Geoff Ralston about the past, present, and future of the popular accelerator program.
Chris Metinko / Crunchbase News:
Analysis: funding to VC-backed Web3 startups fell from $29.2B in 2021 to $21.5B in 2022; Q4 2022 funding fell 74% YoY from $9.3B to just $2.4B — While everything Web3-related dominated much of 2021 and the early part of last year, the end of 2022 showed a significant cooling of investor interest in the still young space.
Jacquelyn Melinek / TechCrunch:
Fleek, which is developing tools for Web3 companies, including for storage, billing, and hosting, raised a $25M Series A led by Polychain Capital — Web3 developer platform Fleek has raised $25 million in Series A funding led by Polychain Capital, the company shared exclusively with TechCrunch.
Emily Nicolle / Bloomberg:
Amid mass layoffs, Snap says Web3 is not a priority since it doesn’t directly contribute to the company’s AR efforts, in sharp contrast to moves by rival Meta — Snap Inc. is sunsetting efforts focused on building products for the much-vaunted next generation of the internet known as web3 …
Jeffrey Dastin / Reuters:
In a first, Amazon plans to give $150M through 2023 to 10+ outside VC funds to invest in underrepresented startup founders at or before the seed stage — Amazon.com Inc (AMZN.O) is investing in outside venture capital funds for the first time, saying on Wednesday it planned to hand $150 million …
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