Sky Cliff Private Markets的动态

Excited to share some wild stats: Termina, a company we spun out from Tribe Capital, now has data on 32.6 million unique businesses and 683.3 million unique consumers—tracking how they’ve engaged with venture-backed products globally. I had the team triple-check it, but yeah, it’s REAL. Termina—co-founded with Alex Chee, Jake Ellowitz, and Kamo Asatryan—gives companies (at any stage), investors (equity and debt), sovereign wealth funds, and executives a VERY surgical way to measure primary end-user engagement and truly understand how companies scale. Every time we underwrite a company and share our reports, our dataset compounds, insights sharpen, and benchmarking strengthens. It’s a superpower for making better decisions, no matter what you do. People often ask how I manage my time as Co-CEO of Kraken Digital Asset Exchange (now over $1B+ in revenue), Co-founder & Managing Director of Tribe Capital and Tribe Capital India ($2B+ AUM), Co-founder of Kapital (scaled to $170M+ in revenue), and Co-founder of Foundation (which we’ll unveil in a few weeks)—all while preparing to launch three new biopharma companies we’ve incubated. The answer? I don’t divide my time—I multiply it by scaling myself with data. Termina’s macro and micro worldviews create a real, compounding advantage. Right now, we’re supporting 1 in every 7 global VC deals—about 14-15%. TechCrunch once mocked the idea that we could pull this off, but they love to dunk on ambition. The reality? Our team has scaled not just our products, but our trust—a currency you have to earn. And now, we’ve got the capacity to bring on the next wave of strategic partners. If you’re interested, reach out.

View from the Office. I met up with Matt Ober at the Grayson Hotel in midtown. We were joined by Charles Poliacof from ModuleQ and Hayden Merz. Matt had the berries. Charles had the egg whites, spinach, wild mushroom and goat cheese. I had the omelet. Hayden had the breakfast sandwich. Matt is a San Diego-based general partner at the venture capital firm Social Leverage. He’s in town to meet with portfolio companies and potential investors. Matt and I overlapped at Bloomberg fifteen years ago, but didn’t actually meet until years later when he was the chief data scientist at Third Point LLC, Dan Loeb’s hedge fund. Before that he spent five years at WorldQuant. According to Matt, we’re entering into a frothy period for venture capital that will be characterized by a surge in mergers and acquisitions and crypto-related activity and investment. Crypto assets have jumped in the past few weeks, especially since the election because of expectations for less regulation. Bitcoin hit $90,000 today, up from $26,000 a year ago. The surge in Bitcoin, as well as other crypto currencies such as Solana and Ethereum, will likely be accompanied by startups building more crypto infrastructure. Fintech should benefit from a push for deregulation by the Trump administration as well as enthusiasm for the “degenerate economy,” a term coined by Matt’s Social Leverage partner, Howard Lindzon. The “degenerate economy” captures the idea of the growing cultural acceptance and even celebration of what traditionally was seen as risky or frivolous financial behavior, such as speculative trading, as well as interest in memes, cryptos and NFTs. I recommend subscribing to Matt’s newsletter, The Rollup. He covers investments, technology, data and startups. You can connect with Matt via LinkedIn or DM me for a warm intro. #viewfromoffice

?? BREAKING NEWS! COLONY LAB’s Treasury Hits an Astonishing $70 Million+ Milestone! By including our $MOVE - Movement Labs pre-seed investment, this offers $CLY stakers a glimpse of their upcoming $MOVE airdrops, currently valued at $44 Million+. And yes, the longer you’ve been staking $CLY, the bigger your airdrop will be. If you haven’t started staking yet, today is THE perfect time to join and secure your share. Through the bear market, we’ve stayed heads down, building and shipping unique products such as: ? Our Early-Stage platform (think Seed deals launchpad). ? Our own DEX, featuring liquid vesting innovation for trading locked tokens. ? A yield-bearing index focused on the Avalanche ecosystem ($CAI). ? A Validator Program, distributing $AVAX to $CLY stakers every second, etc… And that’s not all. Colony’s team has been strategically seizing bear market opportunities, from acquiring 500,000+ $AVAX, to betting on bold teams like Movement Labs and their vision when few dared to invest during those tough times. We’ve been wearing the builder, accelerator, and VC hats since our launch.. and let’s be honest—it is not easy to juggle all these roles at once. From a $10M treasury at the bottom of the bear to a soaring $70M today, this milestone proves what patience, dedication, resilience, and a community-driven mission can achieve. And the best part? This is just the beginning. Join Colony today. The ticker is $CLY. ?? https://lnkd.in/dVawcwsr #CLY #MOVE #seed #SeedInvestment #airdrop #CryptoInvesting?#investment #bitcoin #DecentralizedFinance #DeFi #VC #venturecapital #web3 #innovation

We are proud to announce our $25M Series A led by Paradigm, with participation from Coinbase Ventures and other strategic angels. This highlights the support from Web2 & Web3 leaders for DomainFi, a decentralized finance layer to accelerate the growth of domains as a $340B+ real-world asset class. Learn more at: https://lnkd.in/gkdqYijw

D3 just announced a $25M Series A led by Paradigm. It’s a huge milestone, but for us, the real decision happened long before today. Here’s why D3 was Lightshift largest check to date—and why they’re building the foundation of domains. ?? --- D3 was a team of domain industry veterans—behind .xyz, .inc, .tv—who wanted to tokenize all domains and launch new TLDs with crypto’s biggest communities. It was bold. But there was one problem… --- The market was crowded. Most funds had already backed other domain projects. Yet digging deeper, we realized D3 was different: - ICANN-compliant, DNS-compatible domains (unlike fake competitors). - A purpose-built blockchain to manage domains end-to-end. - A vision where domains = your universal online identity. --- D3 was rewriting the market from first principles. We made our largest first check ever at @Lightshift_xyz and got to work: - Built critical registrar infrastructure. - Researched blockchain architecture. - Helped secure top industry partnerships. Today, they’re tokenizing +362M domains—from .com to .sol. --- Now, D3 is backed by Paradigm, Coinbase Ventures, Dharmesh Shah, Richard Kirkendall & more. Domains are becoming programmable identity layers for wallets, reputation & communication. They aren’t just another domain project—it’s the foundation for the next internet. Onwards!

ZKX shutdown caught investors and market maker by surprise After the closure of the StarkNet-based ZKX protocol, investors and market maker criticized the management decisions of the project, accusing the management of secrecy. "When ZKX closed, we as investors received no warning. The team claimed they ran out of money, refused to provide any financial or spending data, and did not want to communicate with us," Ye Su, founding partner of venture capital firm ArkStream Capital, wrote. He said ZKX founder Edward Jubani Tour said in private correspondence that he was not obligated to provide expense information, and the funds being used now "are not from investors." In announcing the closure, the protocol's co-founder cited economic hardship and low community engagement. "[The project head] took money from early backers without any communication, showing no moral fiber and losing his right to future business in the industry," Su added. HashKey, as an investor, has also experienced a "lack of transparency and accountability" from ZKX in the context of financial disclosure, fund allocation and operational plans. Market maker and investor in the project, Amber Group, said it still holds about 3 million ZKX native tokens after paying back half of its initial loan of 2 million coins and purchasing another 2 million through MM operations. "Due to the lack of organic buying interest post-launch and our commitment to ongoing liquidity, we have been making net purchases of ZKX tokens since listing, even as prices have declined. This approach is consistent with our commitment to support projects and their communities by providing stable market conditions, even potentially at our expense," the Amber Group wrote. The company's representatives clarified that the ZKX team was no longer in contact with them after the closure was announced. The decision itself was also made without prior notice. Recall that in June, the Yield App platform ceased operations after "realizing" the losses incurred from the collapse of FTX.

I’ve?recently posted about how?accelerators are key for?bringing?decentralization?to?life because they foster community, something?very important?for growth, and how this?doesn’t?necessarily come down to having the most capital.?? ? But I think looking at capital and how?it’s?been?allocated?in Web3 is important, particularly?in?this period of renewed stability we find ourselves.?? ? We all saw the?initial?first push of VCs and PE firms to get in on this new industry in 2021 and early 2022, and then the steep?drop?off from the?sky high?funding thereafter because of inflation, higher interested rates, and the FTX debacle and?all of?its?follow-on?effects.?? ? Currently, funding for Web3 companies has increased 55% in Q1, a strong sign of interest along with the 36% uptick in deals. And?it’s?no surprise the most popular places for money are in AI and?gamings. Deals for seed rounds are also currently popular, with these and Series A rounds almost doubling inflows over the Q4 2023.?? ? So, while funding?isn’t?at 2021?levels,?it’s?come back to a more stable, conservative flow, a trend that usually happens in disruptive sectors?after significant booms.?Thus, overall, the Web3 investment landscape?is looking?promising.?? ? Keen to hear your thoughts on this below, and we can always catch up and have a chat about this June in Paris at Proof of Talk.? ? https://lnkd.in/dN2SHAEd? ? #PoT24?#ProofOfTalk #Web3?#VC?

12 months ago I was part of a failed start up after 7 months of going all in. I was working from home with a newborn son, had a comfortable salary, and was talking weekly to top VCs and casino partners. We had raised 3.5M in commitments for a 30M valuation. On the day we were finishing Due Diligence our lead investor dropped out after loosing money on FTX, then came tech problems, salary freeze, using my own funds to travel to London to try and salvage the project, and our runway. So we took the painful decision to stop the project: - Failed start up - No salary - No big launch - Lost sense of purpose Immersed myself for the next year in AI, and how it can effectively be used in companies, and working hand-in-hand with amazing people to help them deliver outsized outcomes to improve their profitability Life is unexpected

Are Tokens backed by VCs always going To ZERO 0?? ??? In this video posted by Token Terminal, their platform shows how post-TGE (Token Generation Event) price performance of tokens backed by Paradigm mostly performed poorly. Some examples in there include $BLUR and $BLAST, both celebrated by the 'community' and quickly downtrending. Even with a prestigious backer, success for public market investors is not guaranteed. Always DYOR and don't fall for a deceiving narrative.

I've been running Syndicates for just under 3 years and I just had my first liquidation event!! While I can't disclose the company name, we initially invested during a private token sale (SAFT - pre-token launch), securing tokens at a significant discount compared to its ICO price. The company has been executing and driving value to its token. We decided to sell a portion of the token ~25% in order to give some liquidity back to the investors. This is a prime example of the power of token investments—providing liquidity while continuing to ride the upside. It has been only two years since we made this investment and already we were able to give the investors back their money and a significant return, while still holding onto 75% of our original position. If you were investing in traditional start-ups, outside of Web 3, you usually should expect a 7-10 year time horizon before any liquidity is given. This outcome showcases the potential for rapid returns in the crypto space, especially when investing at the early stages. This is just the beginning for Red Beard Ventures!