incubator

incubator

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While some skeptics argue that crypto is a trend, venture investors like Chapter One are betting that it’s here to stay.

After raising a $40 million fund in December to back early-stage Web3 startups, the Los Angeles-based venture capital firm has launched a crypto-focused incubator called Chapter One Studios, TechCrunch reported Wednesday. The six-month program starts in April and will provide three startups with a $1 million investment and the option to work out of Chapter One’s L.A. office; in exchange, the venture firm will take a 15% stake in each of the companies.

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Photo by Solen Feyissa on Unsplash

TikTok is launching an incubator program, "TikTok for Black Creatives," to support 100 Black creators and music artists as it competes for audience among social media sites.

"Black creators on TikTok have been a driving force for our community, from starting trends to fostering connection to introducing new ways to entertain and inspire others, and we're committed to continuing to elevate and amplify their voices," the company said in an announcing the incubator this week.

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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Apple Podcast Veteran Steve Wilson Joins Startup QCODE
  • Amazon in Exclusive Talks to Buy Podcast Studio Wondery, Wall Street Journal Reports
  • Pharrell Launches Black Ambition Incubator
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