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I recently tried searching for an article to briefly explain the different stages of #startup funding to someone, but I found it difficult to find something that was concise and straightforward. This article aims to provide a clear and easy-to-understand overview of the various stages of startup funding.
1. #Pre-Seed Round ($0 to $50,000): This is the bootstrapping stage. Funds are provided by startup owners, friends and family members.
2. #Seed Round ($50,000 to $3 million): This round is the product development stage. Funds can be sourced from micro VCs, angel investors, crowd funding, friends and family members.
3. #SeriesA Funding ($3 million to $6 million): First round of VC. Funds can be sourced from accelerators and VCs.
4. Series B Funding ($10 million to $30 million): Second round of VC. Funds can be sourced from VCs.
5. Series C Funding ($30 million to $50 million): Third round of VC. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
6. Series D Funding ($50 million and above): Special round of funding. Funds can be sourced from VCs, private equity firms, hedge funds and banks.
7. #IPO (Uncapped): Stock market launch. This is basically generating funds by offering corporate shares to the public.
A Netflix Director Used $4M of his Show's Budget to buy #Doge🦊, Netting $27M in Profits
#Netflix "Conquest" director, Carl Erik Rinsch, reportedly diverted $4 million from the show's budget to invest in Dogecoin, reaping a staggering $27 million profit. Seeking an additional $14 million from Netflix through confidential arbitration, Rinsch's show, allocated a $55 million budget, is yet to release its first episode. Despite an initial $44 million budget in March 2020 and an $11 million supplement from Netflix under the condition of completing the series, financial records reveal Rinsch used $10.5 million for stock market speculation, incurring losses. After transferring the remaining $4 million to Kraken, he bet it all on Dogecoin, withdrawing $27 million in May 2021.
Reportedly spending $9 million on extravagant purchases such as luxury furniture, designer clothing, a watch worth over $380,000, five #Rolls-Royces, and a #Ferrari. Details emerged from a forensic accountant hired by Rinsch's ex-wife during their divorce proceedings. In response, Rinsch initiated arbitration against Netflix, alleging a contract breach and seeking $14 million in damages, a claim Netflix denies, labeling it an extortion attempt.
In observance of #Thanksgiving Day in the United States, the US stock markets will be closed on Thursday November 23, 2023. US trading activities will resume on November 24, 2023.
However, on Friday, November 24, the market will be open only until 13:00 EST.
Yesterday marked a significant day in Crypto history, and at this juncture, #Binance appears to be leading. As a participant in this space, there are valuable lessons to glean from today's events.
A few pointers:
Plan ahead and seek counsel, even if the adviser isn't a friend. Trust should be earned through demonstrated commitment to the company's interests.
As you progress, stay vigilant. The betrayal that wounded Caesar most came from Brutus.
Avoid using your project's token for transactions; opt for stablecoins to safeguard the project's stability.
Amid criticism and challenges, manage your emotions, carefully consider your thoughts before expressing them.
Embrace imperfection; no one is flawless.
It's acceptable to stumble repeatedly, but always rise again.
As @CZ steps down, a new leader #RichardTeng has ascended the throne. He now has the responsibility of leading not just Binance but the entire #Crypto industry.
Understanding the Metaverse: Everything You Need to Know in Just 3 Minutes
LINK 👇🏼
https://youtu.be/oo9dErveCQU?si=R6qlKg3J2Harvqhh
Are you curious about the rapidly evolving world of the Metaverse, but don't quite know where to start your journey into the virtual world? Look no further! this video will give you an in-depth look at what the Metaverse is, its history, and where it's headed. From the basics to the latest developments, you'll get an inside look at this exciting new frontier that has become popular with the cryptocurrency boom. Whether you're an early adopter or just starting to explore, this video is an essential first step in your understanding of the Metaverse. So, get ready to immerse yourself in the fascinating world of the Metaverse.