Cryptocurrency and Web3 evangelist Chris Dixon is a partner at VC firm Andreessen Horowitz (a16z), one of the crypto industry’s leading VCs. There he has cultivated a reputation for having something of a Midas touch, leading a $25 million funding round for Coinbase back in 2013 that allowed a16z to ultimately amass nearly 20 million shares in the company. Those shares yielded a roughly $10 billion return when Coinbase went public in 2021. That’s a 60-times return on a16z's initial investment in the crypto exchange. And it's that deal that earned Dixon the top spot on Forbes’ Magazine 2022 Midas List in April.
Since joining a16z in 2012, Dixon has helmed the firm’s crypto arm, raising a massive $4.5 billion fund in May, just at the start of the crypto industry’s dramatic market downturn.
Then Crypto Winter descended, and money dried up for most startups. But Dixon’s debut crypto fund has continued to distribute money to promising industry players, such as Uniswap and game studio Roboto Games. Dixon is using this tumultuous time to reinvest in earlier initiatives to eventually allow the crypto industry to grow when Crypto Spring eventually arrives. This year, Dixon announced plans to expand a16z’s Crypto Startup School by launching a spin-off accelerator program for entrepreneurs, demonstrating his commitment to the future vitality of the digital assets space. The original Crypto Startup School launched in 2020 as a seven-week entrepreneurship course for a group of 40 aspiring crypto business professionals, including the founders of Phantom and Notional Finance.
The launch of the new accelerator program is 12 weeks long and grants participants $500,000 in seed funding and access to mentors and advisors.
Dixon, a serial entrepreneur turned capitalist, got his start in crypto in 2012, after stints as an employee at Ebay and as founder and CEO of product-recommendation company Hunch. Over the years, he has closed deals with several other companies that have gone on to become prominent players in the digital assets space. Those companies include decentralized crypto exchange Uniswap and open-source blockchain Avalanche. In addition, he made a $7.6 billion investment into Dapper Labs, the creator of NBA Top-Shot.
Your cash and stocks are covered by insurance. Digital currencies don't enjoy the same level of protection.
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Politicians, advocates and protesters urged the San Francisco's Board of Supervisors to reject a proposal to give city police the ability to use potentially lethal, remote-controlled robots in emergency situations. (AP video/Terry Chea) (Nov. 5)
The actions by the head of the $10 trillion asset manager say to the world that crypto is ready for mainstream investment. That’s why Larry Fink is one of CoinDesk’s Most Influential 2022.
Lawmakers wanted the disgraced cryptocurrency exchange founder to testify about the collapse of FTX.
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Venture capitalist Chamath Palihapitiya said reporters did not do their job in investigating FTX founder Sam Bankman-Fried before its collapse on a recent episode of the All-In podcast, whilst some of his other podcast hosts disagreed, saying it was also a failure of regulators and FTX’s VC investors.
Brian Armstrong says only the “most gullible person” would believe an $8 billion hole was due to lackluster accounting.
The host of “Up Only” podcast has tracked the scams and issues with crypto in real time, even taking down an inside trader at Coinbase. That’s why Jordan Fish aka Cobie is one of CoinDesk’s Most Influential 2022.
A strong jobs report these days runs counter to the Fed’s wishes. The line of thought is that if the job market is still too hot, the Fed won’t be keen on loosening its tight monetary policy in the ongoing efforts to tame inflation. And this is a scenario the market is keen to avoid after a series of 75 basis-point hikes this year. But J.P. Morgan Asset Management chief strategist David Kelly thinks the latest numbers flatter to deceive and believes the way the data is reported distorts the real
Shares of enterprise software giants Snowflake (NYSE: SNOW), Datadog (NASDAQ: DDOG), and MongoDB (NASDAQ: MDB) were plunging on Monday, down by 8.7%, 6.4%, and 9.4%, respectively, as of 3:06 p.m. ET. There wasn't much company-specific news today, although Snowflake reported earnings last week, and MongoDB will report tomorrow. Friday's strong jobs and wages report, combined with today's stronger-than-expected services Purchasing Managers' Index (PMI) reading, showed the economy may be stronger than generally thought — surprising, especially since recent financial results and guidance in the software industry have been less than stellar.
In this article, we will discuss the 12 best undervalued energy stocks to buy. If you want to explore similar stocks, you can also take a look at 5 Best Undervalued Energy Stocks to Buy. 2022 has been the year for energy stocks. While all sectors of the economy fluctuated, the energy sector remained relatively […]
Yahoo Finance Live looks at cannabis-tied shares following President Biden's signing of a marijuana research bill.
Shares of telecom giant Lumen Technologies (NYSE: LUMN) plunged 25.7% in November, according to data from S&P Global Market Intelligence. It wasn't difficult to ascertain why Lumen fell last month: The company announced on its Nov. 2 earnings call that it suspended its generous dividend. In the third quarter, Lumen once again disappointed the markets, with revenue declining 10.2% and non-generally accepted accounting principles (adjusted) earnings per share of $0.14 missing estimates by a wide $0.21.
Many people wonder whether they should be investing in qualified or non-qualified dividends and what the differences are. The largest difference is in how each is taxed. To help you determine what stock paying dividends could have a place in … Continue reading → The post Qualified vs. Non-Qualified Dividends appeared first on SmartAsset Blog.
GitLab Inc. (GTLB) delivered earnings and revenue surprises of 37.50% and 6.86%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock?
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It’s easy to get the appeal of restaurant stocks in a normalizing economy. So believes Jim Cramer, the well-known host of CNBC’s Mad Money. Commenting following Fed Chair Jerome Powell’s speech last week, which indicated a willingness by the policy makers to take a less aggressive rate-hiking stance going forward, Cramer has selected several restaurant stocks as looking ripe for the picking. “Maybe the economy’s normalizing here, or at least the Fed chief thinks it could be soon to normalize,” C
With a yield of 9.62%, the recently expired Series I bond was understandably popular. With interest rates rising, bond funds are down this year and banks continue to offer miserly rates on deposit accounts. So it's no wonder that a … Continue reading → The post It Pays to Procrastinate: The New 6.89% I bonds Will Beat the Old 9.62% Bonds in Just 4 Years appeared first on SmartAsset Blog.
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