💰 Where All the Venture Capital is Going

August 23, 2022

Seedphrase Daily 👋 The lifeguard that saves you from drowning in this bear market.

  • 💎 7 Reasons a Crypto Millionaire is Bullish on BNB

  • 🧾 Fidelity’s Bitcoin Report

  • 👀 Venture Capital Stats

  • 💰 Where VC money is Flowing in August

Miles Deutscher is a crypto analyst that has made a big name in the space over the last few years.

The greatest long-term HODL?

He posted a 16-tweet-long thread about why he's bullish on BNB (Binance's crypto coin.)

Here are the 7 most important reasons ⏳:

  1. BTC: Almost every altcoin underperformed against BTC. But BNB hit an all-time high.

  2. Stats: BNB declined only 55% this bear market, compared to ETH (-61%), SOL (-84%), AVAX (-82%)

  3. Presence: Binance has become the worlds largest & most established exchange. 

  4. Convenience: BNB grants you cheaper transaction fees on the exchange.

  5. Leadership: CZ, the founder & CEO of Binance, is leading the way for global adoption. He's been working with policy makers around the world consistently.

  6. Trust: BNB has a trust score of 95/100 according to CoinGecko.

  7. Diverse: BUSD, a stablecoin partnered with Binance, is 1:1 with USD. With constant FUD surrounding USDT and USDC, the market needs a trusted stablecoin.

⚜️ Golden Nugget: BNB is one of crypto's best risk/reward plays.

With how things are looking for Binance, BNB has potential to be a long-term hold asset.

Remember: we're here to give you the facts, so you can decide on your money moves.

Despite the economy looking like a pile of dog 💩, some venture capital firms are still making a killing.

Some are doing so well, they're counting their Unicorns.

 Unicorn is just fruity VC lingo used to describe a startup company with a value over $1 billion.

Y Combinator topped the chart with 79 Unicorns under their belt. They've invested in companies like Coinbase, DoorDash, and Instacart.

Why this is important:

Often enough, the people who win, win more. The same reason why you would check a founder's track record before you invest in a project.

Now let's take a look at the web3 investments VC's are bullish on...

Shark Tank was a bunch of rich bitches sitting around, waiting to invest in the next big thing. Venture capital works the same way.

It's a form of private equity that investors provide to startup companies that they believe to have long-term growth.

Although not all projects that get invested in thrive, it’s important to know where the money is going.

Below is a list of companies with MAJOR VC money flowing in this month 👇

⚜️ Golden Nugget: Follow the money.

Smart investors research companies that get big time investments during a bear market. We're looking for gems in the dust, before they go mainstream.

Go digging ⛏️.

These are the projects with the biggest investments (for you to DYOR):

  1. VeeFriends $50M - Gary Vee’s bluechip NFT project

  2. Gunzilla Games $46M - Creating Off the Grid (OTG), a Web3 cyberpunk battle royal game.

  3. HashFlow $25M - A decentralized exchange designed to trade across all chains and low gas fees.

🌱 NewSeeds

Other short stories if you want to further your knowledge,

Wallets Banned by Uniswap Labs for Alleged Crimes. Put your assets in cold storage! 💿

Report: Ronin Crypto Hackers Find New Mixer to convert Stolen ETH to BTC. Can’t stop people from finding new ways. 🤷‍♂️

Meme to Send You Off

If you learned something new, share with a friend, cousin, uncle, step bro, anyone.

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research

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