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Social gaming platform Rec Room scores $20 million Series C

TechCrunch

Social gaming platform Rec Room has scored some new funding as it aims to bring its once VR-centric world to every major gaming platform out there. Existing investors, including First Round Capital, Index, Sequoia and DAG, also participated in the round. They’ve raised just shy of $50 million to date.

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Revel raises $7.8M to become the Instagram and Robinhood of NFT platforms

TechCrunch

Revel , an NFT or “social collectibles” platform, raised $7.8 million in seed financing led by Dragonfly Capital, the startup’s CEO, Adi Sideman, exclusively told TechCrunch. One way to describe Revel is a cross between Instagram and Robinhood, wrapped in social game economics,” Sideman said.

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Rec Room raises $145M at a $3.5B valuation for its user-generated, immersive gaming platform

TechCrunch

On the heels of Roblox hitting it big with its platform for user-created gaming content, another startup has landed a major round of funding to build out its own user-generated platform aimed at immersive experiences. billion valuation. billion valuation. (To There are some 12 million rooms on the platform already, Rec Room said.

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Equal access to capital and entrepreneurship is the final civil rights movement

TechCrunch

But despite my privilege, I’m also confident that my Black heritage made it more difficult for me to raise venture capital. Today — and the data proves this — if you are a white male, you have an unfair advantage when looking to raise venture capital. At the time, I didn’t even know that raising venture capital was a possibility.

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Stephanie Zhan walks through the Rec Room pitch deck that won Sequoia’s investment

TechCrunch

In a recent episode of TechCrunch Live (formerly Extra Crunch Live) , Sequoia partner Stephanie Zhan and Nick Fajt, founder and CEO of social gaming platform Rec Room , explained what the venture capital firm looks for in consumer-facing startups. You can check out the whole episode as well as the Rec Room pitch deck below.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. I think the best solution for the social networking era is “in-stream&# advertising. I won’t belabor this – I have an investment in this space ( ad.ly ) so I’m biased. But I made it for a reason. M&A Discussion.

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Roblox raises at $29.5 billion valuation, readies for direct listing

TechCrunch

Roblox is now one of the world’s most valuable private companies in the world after a monster Series H raise brings the social gaming platform a stratospheric $29.5 The Investment Group of Santa Barbara, Warner Music Group, and a number of current investors, also participated in this round. billion valuation. company.