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It’s a cycle of technological innovation, especially with the main character-led capital and the nature of copying beginners.
Recent evidence? Y Combinator this week announced the launch of YC, which identifies fast-paced startups to find new products in industry, batch, and launch dates. Popular instant users such as Instacart, Coinbase, OpenSea and Dropbox are invited to opt for new startups, “said the board. Blog post.
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If it seems familiar, because – in my opinion – Y Combinator is taking a very subtle swipe to Product Hunt, similar to new startup and feature ads.
Y Combinator does not necessarily agree with this feature. Lincoln Amos, head of communications, told us in an email:
The overlap is not isolated. While Y Combinator is doing product hunting, product hunting Andres Horowitz is working. Meanwhile, a16z is running its own Y Combinator. Not to mention that Product Hunt’s investment capital is a16z and already passes through Y Combinator.
The strategy is more than a twist, it is a sign that the institutions now think it is important to provide (and why they are borrowing more than sugar or agreement from their neighbors).
For my full view, read my TechCrunch + column, “YC does product hunting, product hunting a16z, a16z YC.”
In the rest of this paper, we will talk about Coalition, Background Capital and Africa’s Heat Exchanger Summer. As always, you can help me by passing this newsletter to a friend or acquaintance Follow me on Twitter Or subscribe to the blog.
Agreement of the week
Coordination! The combination of four female operators at Venture provides a network that seeks to bring many different decision-makers to the table. Funding and Networking The two-dimensional approach helps cover multiple fronts. Founders can turn to solid capital or network for no further solution. Interested investors and consultants can turn to the company to begin building their portfolio, and LPs can invest in a firm that is committed to widening the gap on cap tables known for its economic benefits.
Here’s why it’s important: Coalition co-founder Ashley Meyer, former vice president of Glossary Communications, spoke briefly about the construction philosophy behind the new company.
Meyer explained that she and her three collaborators have seen the benefits of having a portfolio approach to their careers, and that they are looking at investing in angels, and ultimately investing in their respective roles. Three of them had previously worked in ventures but left because of work experience. Now, people are trying to continue their day-to-day work and expand the way they build. “As one of the few women to run a venture-supported company, I feel a deep obligation to open the door for others,” said Toin Ajayi, co-founder and co-founder of Citiblock Health.
Image thanks Coordination
When is dismissal necessary? Clever question – always
In fairness this week, we talked about backstage Capital firing most of its employees weeks after it stopped investing in new startups. The reduction in the workforce, which affected nine out of 12 people, is due to a lack of capital from some of its partners, Arlan Hamilton, a fundraiser.
Here’s why it’s important: Backstage Capital has invested in more than 200 startups built by historically neglected entrepreneurs, and Hamlton itself has invested more than two dozen Venture Capital Funds. Despite its impact, no organization can survive the effects of mediation (or growing in an environment full of macroeconomic and cultural barriers). Below is an excerpt from my story.
Without additional support, it will be difficult to close stores on new investments, bring more assets under management, and bring in more investments, Hamilton said.
In a podcast, “Someone asked, ‘Why don’t you have more management?’ He asked me. “You have to ask these LPs, you have to ask these family offices, I say ‘how can I help these people’ and ‘invest in our fund’, and I don’t hear from them anymore.
Image thanks Jordan Lee (Opens in new window) / Getty Images
Africa is paving the way.
TC Dominic-Madori Davis and Tage Ken-Okafor write a story on how the fall in Africa is taking place, and answer why we are all exploring the continent this summer.
Here’s why it’s important: In the first quarter, Africa’s venture capital was not too tight, but investors thought it could only be a report delay. Experts say that if most deals are completed before high interest rates, war and inflation, the economic downturn will affect emerging markets in the near future. The story does not stop there; I will read more to see what Tiger Global tells us and how August is preparing for a major month of activity.
Summer’s financial outlook for Africa could determine this year’s fate.
All week
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Until we meet,
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