1

Alchemy, Ava Labs and BlockFi break down funding in a bear market at TC Sessions...

 1 year ago
source link: https://finance.yahoo.com/news/alchemy-ava-labs-blockfi-break-153058368.html
Go to the source link to view the article. You can view the picture content, updated content and better typesetting reading experience. If the link is broken, please click the button below to view the snapshot at that time.
neoserver,ios ssh client

Alchemy, Ava Labs and BlockFi break down funding in a bear market at TC Sessions: Crypto

Anita Ramaswamy
Wed, October 12, 2022, 12:30 AM·4 min read
85a4131b65b8be0c3421e40d30d38105

Bears hibernate during the coldest months, but there’s nowhere to hide from a bear market during a crypto winter. As the entire sector faces what looks to be a long stretch of uncertainty, young founders must find a way to keep the funds flowing. But how?

This timely topic is why we’re thrilled that industry veterans Flori Marquez, founder and COO at BlockFi; Nikil Viswanathan, co-founder and CEO at Alchemy; and John Wu, president of Ava Labs, will join us onstage for a panel discussion called "Fundraising in Crypto Winter" at TC Sessions: Crypto on November 17 in Miami.

If anyone understands the highs, lows and overall volatility of the crypto market, it's the three people on this panel. Marquez’s BlockFi recently signed a deal giving FTX US the option to buy the crypto lender she founded. Viswanathan’s Alchemy, one of the fastest-growing companies in technology history, raised a $200 million Series C1 last February, giving the web3 developer infrastructure startup a valuation just north of $10 billion.

Meanwhile, Wu’s Ava Labs is reportedly raising a $350 million funding round and looking at a potential valuation of slightly more than $5 billion. It’s a wild season for bulls and bears alike.

We’re curious to hear the panel’s take on how fundraising, cap tables and valuations have shifted given the market conditions — and whether startups will see recovery within the near term.

We’ll also ask these founders what they’re focused on when it comes to investing in crypto startups or projects, and which subsectors have the most opportunity for growth in a bear market. Learning how these three operators built and scaled their own startups through previous turbulent cycles in the crypto markets will be informative.

Both Marquez and Wu entered crypto with traditional finance backgrounds while Viswanathan comes from Big Tech. Hearing how fundraising in the crypto space differs from those worlds — and how it has evolved from prior bear markets — will also be a worthwhile perspective. Don’t miss what’s sure to be a fascinating and valuable discussion.


About Joyk


Aggregate valuable and interesting links.
Joyk means Joy of geeK