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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The Weekend culture policy
What a Brazilian Steakhouse Says About the Tech Economy
Hi, welcome to your Weekend.One of my favorite tech memes is the “We’re so back” post, the kind that pokes fun at the industry returning to the good old days of expensive perks and wine-soaked dinners.I had a real-life “We’re so back” moment this week when I attended a bacchanalian feast thrown by Bain Capital Ventures at Fogo de Chão in San Francisco. Bain Capital’s private equity arm...
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