Lat48 Ventures

Powering the disruptors, visionaries, and game-changing technologies driving digital asset adoption

[Lat48 Ventures @Lat48vc]

let's fucking go

[Neeraj K. Agrawal @NeerajKA]

Our legal theory was just validated in court.

The Fifth Circuit Court of Appeals has found that the Tornado Cash smart contract cannot be sanctioned.

[Lat48 Ventures @Lat48vc]

just giving a heads up that i am going to be making moves in silence. wanted to let everyone know that im going to be making moves, but silently. my moves will be quiet, but i will be making them nonetheless, despite the general low amplitude at which the moves will be made

[Lat48 Ventures @Lat48vc]

milady

[Lat48 Ventures @Lat48vc]

Congrats @dynamic_xyz team!

[Dynamic @dynamic_xyz]

📣 Big news from Dynamic! 🌟

We're thrilled to announce our $13.5 million Series A funding, led by @a16zcrypto and joined by @foundersfund. 🎉

Our goal is simple: Make web3 login accessible, for everyone. 🌐

Learn more about the round and what's next for us below. 🧵👇

[Gokul Rajaram @gokulr]

Investors and CEOs: The bar for technology companies to go public on US exchanges today is $500M of annualized high margin (75%+ GM) revenue.

Klaviyo LTM revenue: $585M (80%+ GM)
Instacart LTM ads revenue: $740M (80%+ GM)
ARM LTM revenue: $2.68B (96% GM!)

If you have a company doing $100M in annual revenue, growing 30% YoY, it's 6+ years away from hitting that $500M threshold. And if it's "only" growing 20% YoY at $100M, it's 9 years from hitting this milestone.

Companies will need to stay patient for a VERY long period of time before tapping the public markets. Buckle down, execute, and figure out how to raise capital to get to the promised land, OR exit through M&A.

Now, the bar might come down over time, as bankers + investors try to get lower scale companies out (or companies might be forced to test the markets since private markets are closed), but these micro / sub-scale IPOs will be painful for everyone - employees, founders and investors alike.

Be realistic with yourself (and your LPs) about how many companies will really make it. Most will give up during this two decade march.

[Beth Kindig @Beth_Kindig]

Chinese EV stocks reported quarterly deliveries in line with analyst estimates following disappointing August results. Li Auto outperformed on a QoQ basis primarily due to an easier comparison.

$NIO $LI $XPEV