Electric Capital, a Palo Alto-based venture capital firm, has raised $1 billion for its third fund focused on cryptocurrency and “Web3” companies, the firm announced on Tuesday. Founded by former Facebook employees Curtis Spencer and Avichal Garg in 2018, Electric’s investments include Bitwise, which helps financial professionals and institutions buy crypto assets, and dYdX, a decentralized...
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A16z’s Gaming Metaverse Play; Cognixion’s Assistive Reality Progress
As investment pulls back and tech stock sell-offs continue, leave it to Andreesen Horowitz to dangle a bit of hope for startups aiming to power through to the next boom. The Menlo Park firm announced Wednesday the creation of its first fund focused on the gaming industry, totalling $600 million. And though there’s a current of optimism for immersive tech behind this fund, I would bet that it...
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Ex-Apple AI Director Goodfellow Returns to Alphabet
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