March 14 – 5 Key Stories From The Digital World

By March 14, 2019 Insight

1.  Decade In Review: Trends In Seed And Early Stage Funding

  • Since 2014 we have seen mostly double-digit declines in less than $1 million rounds each year – a strong pivot from 2008-2014 when we saw double-digit growth.
  • For the middle, Series A and B rounds (which used to be the first institutional money in), the market for $5 to $10 million rounds has almost doubled, but it has taken 11 years from 2008 to 2018.
  • In the last three years in the U.S. we have not seen a slowing of seed funds raised for $100 million dollars and below.

2. Coinbase Completes First OTC Crypto Trade Directly From ‘Cold’ Storage

  • trade occurred after its Custody service had been “directly integrated” with the OTC desk at Coinbase Pro.
  • a “major unlock” for its clients as it marked the availability of “immediate” liquidity
  • clients can leverage the OTC desk without needing to move funds out of cold storage

3. Bcause, the World’s First Full-Stack Cryptocurrency Ecosystem, to Launch on Nasdaq Market Technology

  • Bcause’s markets will operate on Nasdaq’s matching engine, clearing and market surveillance technology via the Nasdaq Financial Framework platform.
  • Bcause has filed with the U.S. Commodity Futures Trading Commission to become a designated contract market (DCM) and to establish a derivatives clearing organization (DCO).
  • Once derivatives trading and clearing officially commence, Bcause will be the only venue to serve as a one-stop shop for all parts of the digital currency value chain

4. Cities of the future could be built by robots mimicking nature

  • the UKRI has announced £18m in funding to support digital transformation of the construction industry
  • Using robots should reduce human risk, allow tasks to be completed faster, and allow monitoring alongside construction
  • The cities of the future could be built and maintained by groups of land-based and flying robots working together to construct, assess, and repair the urban ecosystem of buildings and infrastructure.

5. Market, Team, Product

  • the big wins we have had over the years, they almost all exhibited a combination of a large market, a great product, and a talented founding team.
  • They believe that you can replace the team if everything else works out. But I don’t think everything else works out if you don’t have a talented founding team.
  • pivots are expensive in terms of capital, time, and focus. I would not choose to go through one given the choice.