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Anyone who works in the venture business or frankly just lives in Silicon Valley will be used to hearing a buzz word rise up out of nowhere to capture the technology zeitgeist and find its way into every entrepreneur’s product development plan or every aspiring entrepreneur’s pitch deck. And I feel the same about investing.
In a recent episode of TechCrunch Live (formerly Extra Crunch Live) , Sequoia partner Stephanie Zhan and Nick Fajt, founder and CEO of socialgaming 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.
There’s no doubt (at least anecdotally) that the pace of VC investments in early-stage technology companies has picked up in the past few months. But there are many zombie VC’s with no more investments left in their portfolios so it’s hard to know which trend has more impact. Because you have multiple forces at work.
I’m no dummy on businesses that are in the financial services sector, but my 3 partners have been investing in the space for 20 years so I’m clearly on a different level. In our current portfolio 3 or his 4 investments are in the Fin Svcs space. 30% of our last fund went into deals in this sector. Sometimes that works.
This year, investors pumped a record amount of venture capital into the world’s startups: In Q2 2021, VCs invested $156 billion, upping that to $158 billion in Q3. Stephanie Zhan walks through the Rec Room pitch deck that won Sequoia’s investment. Getting the details right in your pitch deck. Image Credits: Rec Room.
As the company’s CEO and co-founder Shail Mehta explained in a TC Early Stage pitch-off earlier this year, The Last Gameboard is a 16-inch square touchscreen device with a custom OS and a sophisticated method of tracking game pieces and hand movements. ” 8 investors discuss socialgaming’s biggest opportunities.
This February, Africa and emerging market-focused Nestcoin raised a pre-seed round to build, operate and invest in its web3 applications, including crypto content platform Breach Club and gaming guild Metaverse Magna (MVM). Meanwhile, MVM said it is building a soon-to-launch socialgaming app, Hyper.
I began to realize that venture capital is a bit of a socialgame — and I was about to play it for two years. But when going to pitch meetings and VC events, I got the same feeling that I would get when you go to a high-end country club or a luxury store on Rodeo Drive in Beverly Hills. .” Image Credits: Supplied.
A bunch of cohort-based learning platforms has also been successful in attracting recent investment — by, similarly, seeking to bridge the gap between edtech and the creator economy.
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