Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley DreamsRead more

All photos courtesy of Doodles. Composite by Clark Miller
All photos courtesy of Doodles. Composite by Clark Miller

NFTs Are in Deep Freeze, But Doodles Just Defrosted $54 Million

A ‘Rugrats’ on an acid-trip NFT project hauls in a well-timed Series A.

Sept. 13, 2022 5:00 AM PDT

The 155th day of the crypto winter dawned sunshiny and busy for Evan Keast last week. His hometown of Vancouver, British Columbia, was enveloped in a burst of late-summer warmth as he plotted the next moves for Doodles, his celebrity-beloved non-fungible token startup.

“We’ve had one of our biweekly all-hands meetings, I’ve had my coffee, and I’ve packed for Miami,” said Keast, 34. He was soon flying out to seal up a $54 million Series A valuing the 11-month-old Doodles at $704 million. The funding round was another ray of sunshine for Keast and his cofounders—a miraculous one, too, given the truly icy depths of the current crypto tundra.

Access on the go
View stories on our mobile app and tune into our weekly podcast.
Join live video Q&A’s
Deep-dive into topics like startups and autonomous vehicles with our top reporters and other executives.
Enjoy a clutter-free experience
Read without any banner ads.
Former Apple design chief Jony Ive and OpenAI CEO Sam Altman. Photos by Getty.
Designer Jony Ive and OpenAI’s Sam Altman Discuss AI Hardware Project
Jony Ive, the renowned designer of the iPhone, and OpenAI CEO Sam Altman have been discussing building a new AI hardware device, according to two people familiar with the conversations.
From left to right: Blair Effron, Robert Pruzan and David Handler. Photos by Getty; Tidal Partners.
Exclusive Finance
Disputes, Employee Misconduct Rattle Centerview’s Silicon Valley Dreams
The San Francisco Bay Area–based bankers at Centerview Partners, the investment bank that advised Silicon Valley Bank’s owner and Credit Suisse through recent turmoil, got two doses of bad news last week.
From left, a Google TPU, Broadcom CEO Hock Tan and Google Cloud chief Thomas Kurian. Photos via Getty, Google and YouTube.
Exclusive google semiconductors
To Reduce AI Costs, Google Wants to Ditch Broadcom as Its TPU Server Chip Supplier
Google executives have extensively discussed dropping Broadcom as a supplier of artificial intelligence chips as early as 2027, according to a person with direct knowledge of the effort.
Art by Clark Miller
Exclusive startups entertainment
MasterClass Takes a Crash Course in Frugality
MasterClass had a problem with the shoot featuring its latest star instructor, Walt Disney Co. CEO Bob Iger.
Photos via Eiso Kant (left) and YouTube/VMWare Tanzu (right)
AI Agenda startups ai
How GitHub Copilot’s Co-Creator Raised $126 Million to Compete with His Former Employer
Recent interest in artificial intelligence has focused on large-language models that aim to do everything from writing Shakespearean poetry to solving math riddles.
Art by Clark Miller
The Big Read policy
Europe Has Figured Out How to Tame Big Tech. Can the U.S. Learn Its Tricks?
Late last month in Belgium, Sen. Elizabeth Warren (D-Mass.) had a pressing question for Paul Tang, a Dutch politician and member of the European Parliament.