Kinman Tong, CPA’s Post

Web3 startups raised $2B in just more than 300 deals last quarter, per Crunchbase data. This was a 43% increase from the $1.4B raised in Q3 last year, but a 13% decline from Q2 this year — which was the third consecutive quarter of upticks in the sector.

Web3 startups raised $2B in just more than 300 deals last quarter, per Crunchbase data. This was a 43% increase from the $1.4B raised in Q3 last year, but a 13% decline from Q2 this year — which was the third consecutive quarter of upticks in the sector.

Web3 startups raised $2B in just more than 300 deals last quarter, per Crunchbase data. This was a 43% increase from the $1.4B raised in Q3 last year, but a 13% decline from Q2 this year — which was the third consecutive quarter of upticks in the sector.

Web3 startups raised $2B in just more than 300 deals last quarter, per Crunchbase data. This was a 43% increase from the $1.4B raised in Q3 last year, but a 13% decline from Q2 this year — which was the third consecutive quarter of upticks in the sector.

Web3 startups raised $2B in just more than 300 deals last quarter, per Crunchbase data. This was a 43% increase from the $1.4B raised in Q3 last year, but a 13% decline from Q2 this year — which was the third consecutive quarter of upticks in the sector.

It was an up-and-down funding report for Web3 last quarter, although investors in the rocky sector the past few years will probably take that. Web3 startups raised $2 billion in just over 300 deals in Q3. That’s up significantly from a year earlier, but down compared to 2024’s second quarter. #vc #startups #web3 https://lnkd.in/gxiNv9v8

Token Bay Capital is thrilled to co-lead Taiko Labs' US$15 million Series-A ahead of their mainnet launch this year 🚀 along with Lightspeed Faction VC, Hashed and Generative Ventures. As we head into a world where crypto is as ubiquitous in our lives as the internet has been over the last two decades, projects such as Taiko are key to solving Ethereum's scalability issue so that crypto adoption is possible for billions of users around the world. Currently there are only ~580 million crypto holders globally so infrastructure developments, such as Taiko's Layer 2 (L2) scaling solution, are vital to enable crypto to become more scalable and accessible, catalyzing crypto's “broadband moment". We've backed the talented Taiko team and community of builders since their seed round as they are on a mission to scale #ethereum whilst at the same time preserving the blockchain's core principles, both technologically and ideologically. Over the last few months, Taiko has grown to become the largest Discord community in the rollups space, with almost 900,000 active members and there are already over 100 live apps in the Taiko ecosystem today. On top of that, they've conducted six testnets, each focused on different aspects of the protocol, involving 1,100,000+ unique wallets, 30,000+ proposers, and 14,000+ provers. In each of these testnets, Taiko community members contributed by building dapps, operating nodes, serving as proposers and provers, and engaging with the protocol in various ways — all permissionlessly. They launched their 6th testnet, Katla, earlier this year. Katla is the first testnet to use Taiko’s Based Contestable Rollup (BCR) design and serves as the foundation of Taiko’s upcoming mainnet launch. In the future, Taiko will develop the Based Booster Rollup (BBR), a design that tackles the liquidity fragmentation issue by allowing developers to deploy on Ethereum and scale natively across all L2s. Lucy Gazmararian, Founder of Token Bay Capital, emphasized Taiko's adherence to crypto's original ethos. “Taiko has been fully decentralized and permissionless from day one, staying true to crypto’s original ethos,” Gazmararian said. “These core values place Taiko in a strong position to become the default scaling solution for Ethereum, and we look forward to continuing our long-standing relationship with the team, helping them to scale across Asia and the Middle East from Token Bay’s hubs in Abu Dhabi and Hong Kong.” Congratulations to co-founders Daniel Wang, Terence Lam and Brecht Devos for your inspirational leadership, go team Taiko! #crypto #cryptocurrency #blockchain #eth #bitcoin #smartcontracts #tokenization #tokeneconomy #innovation

New Post: Ramp CEO says the fintech startup is just scratching the surface - https://lnkd.in/g9CMscjP - Fintech exploded over the last five years. Startups in the category raised more than $350 million in VC funding from 2019 through 2023, according to data from CB Insights. Despite all that growth, Eric Gylman, the co-founder and CEO of Ramp thinks that the industry, and companies like his, are just scratching the surface. Glyman © 2024 TechCrunch. All rights reserved. For personal use only. - #news #business #world -------------------------------------------------- Download: Stupid Simple CMS - https://lnkd.in/g4y9XFgR -------------------------------------------------- or download at SourceForge - https://lnkd.in/gNqB7dnp

From AllTopStartups: Exploring Emerging Crypto Market Opportunities in Australia ------------------------------- The emerging crypto market continues to shine as a beacon of potential growth and opportunity in the vast landscape of global investments. Among these promising territories lies Australia, a country… The post Exploring Emerging Crypto Market Opportunities in Australia appeared first on AllTopStartups . #entrepreneur #startups #learnbusiness #techstartups #marketingtips #emailmarketing #businesstools #marketingstrategy #businessowner #startupbusiness #startuplife

The collapse of Mara, a crypto startup backed by Coinbase highlights several critical issues that have far-reaching implications for entrepreneurs and venture capital (VC) investments in Africa. + Mismanagement of Funds Mara’s downfall was primarily due to the mismanagement of funds, as evidenced by the substantial salaries of the C-suite executives, ranging from $170,000 to $600,000 annually. In the context of an emerging market like Africa, where startups often operate on lean budgets, such high salaries for executives are unsustainable and suggest a misalignment of priorities. Startups, especially those in their early stages, need to allocate funds judiciously, focusing on growth, product development, and market expansion rather than excessively compensating their executives. + Leadership Instability The leadership team's disintegration further exacerbated Mara’s challenges. Effective leadership is crucial for the success of any startup, particularly in the volatile and rapidly evolving crypto sector. + Impact on Entrepreneurs For African entrepreneurs, Mara’s failure serves as a cautionary tale. It underscores the importance of prudent financial management, transparent governance, and responsible leadership. Entrepreneurs must recognize that building a sustainable business requires more than just securing funding; it necessitates a clear vision, disciplined execution, and ethical management practices. Mara's downfall may lead to increased scrutiny from investors, making it more challenging for new startups to secure funding. Entrepreneurs will need to demonstrate not only innovative ideas but also robust business plans and sound financial practices to gain investor trust. + Effect on VC Investments From the perspective of venture capitalists, Mara’s collapse could lead to more cautious investment strategies in Africa. VCs may become more stringent in their due diligence processes, focusing on the financial management capabilities and governance structures of potential investments. This increased scrutiny could slow down the pace of investments but ultimately lead to a more robust and resilient startup ecosystem. There is a potential silver lining here. Mara's failure might prompt VCs to provide more than just financial support; they could offer strategic guidance, mentorship, and governance oversight to ensure their portfolio companies are on a path to sustainable growth. This could foster a more supportive and collaborative investment environment, benefiting the broader African startup ecosystem. + Rebranding to Jara The decision to rebrand to Jara is an attempt to distance itself from its troubled past and start afresh. While rebranding can be a good strategy to signify a new direction, it must be accompanied by substantive changes in management practices, corporate governance, and financial oversight. https://lnkd.in/e9DJ6BqP