Latest state of venture report from @CBinsights makes for grim reading:
- Total global funding of $74b down 34% QoQ
- 71% drop in new unicorn minting
- 36% decline in European funding
- 56% fewer investments from world's top 3 investors
Localised rays of light in Miami 🌞📈
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@paulg@paulg - As an investor, I'm also curious to know how flexible a founder is [to pivot] when things aren't going as expected. Do you think a small fraction of vagueness is important too?
Some personal news:
Excited to announce that Bling Capital has moved headquarters to Miami!
We will still be pursuing the same investment areas and investing across the US.
I’m excited to start this new chapter and to see you all in Miami! 🌴😎
1/ Trying to out my finger on why Miami is so perfect right now. It’s partly the weather, sure. And the best big city mayor in the country by a mile, @FrancisSuarez.
Excited to announce that @join_papa has closed our Series C funding led by Tiger Global. Proud of the team and look forward to supporting more members and expanding our suite of services! https://t.co/7E9nmT2FIN
Illinois Governor JB Pritzker calls Mary Miller’s remarks quoting Hitler “unfathomable and disgusting.” He says, “Illinois Republicans cannot allow this to stand, and must condemn this vile, evil streak in their party.”