Principal at Cobalt Ventures. Write @ TheItinerant.io ; BenErsing.com Host: /venturecapital /finance /adventures

BDFL of Quilibrium, Eng @ Farcaster, ex-Coinbase, always opinionated, never hydrated

/quilibrium

I wanna see this but for crypto companies only, and also for 2022

It's great to hear an example of a company that bucks the trend !

Wow, big shift in just 2 years. As a counterpoint, one of our breakout startups chose a Seed-extension over a Series A, avoiding punitive terms from ~1.5 years ago. Now, with traction beyond Series A benchmarks, they’re poised for a highly contested A round on their terms. Not all Seed-extensions are alike...

fiids.xyz | deescuss.com | bondes.xyz | feedbac.xyz

this is great info.

do you know if there's data on percentage of acquisition or company shut down after a bridge and no bridge?

dave mcclure has a great slide of typical fund portfolio composition and value over time and why his new fund is focused only on secondaries

andyjagoe.com // denim.vc // tokenizing real-world assets / onchain venture funds @fairmint

It’s a smart move for this stage of the market cycle. Hard to do the last 10 years.

Building Higher apparel at High Line 🧢 
Host at /clickcast /cpg

It's often convertible debt. Typical is 8% interest, converts at a cap or 20% discount to next round.

Wait a bridge loan? Like.. high interest, short duration, looking for the series A funding outcome??

It's a product of where we are in the market cycle + tech cycle.

Do you think this trend will continue, or is there a shift happening in how investors approach bridge rounds?

Oh wow. Do you think the trend will continue ?