venture capital

venture capital

Non-fungible tokens—better known as NFTs—have gone mainstream in the past year, with everyone from major art auction houses to Hollywood movie studios buying into the hype.

NFTs are unique pieces of data tracked and stored on blockchains like Ethereum. They’re usually associated with digital images, such as cartoon apes or the artist Beeple’s $69 million digital collage. NFTs offer a record of ownership that is verifiable through a digital ledger, opening up a whole range of possibilities for digital assets that people can buy, sell, and transact with.

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After hitting the jackpot with hometown bets like shopping app Honey, Los Angeles venture capital firm Wonder Ventures is doubling down with a new early-stage fund focused exclusively on L.A. startups.

Santa Monica-based Wonder has raised $31 million for its new venture fund, founder and managing partner Dustin Rosen told dot.LA. The new fund is double the size of the $15 million pre-seed fund that Wonder raised in 2018, and like that one it will target fledgling L.A.-based startups that Rosen believes are too easily overlooked by larger VCs.

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After five and a half years at Crosslink, Joe Guzel is launching his own venture fund Haven Ventures, a new fintech fund focused on seed and pre-seed startups, cutting checks of up to $1 million.

On this episode of the LA Venture podcast, Guzel talks about his journey into the venture world and becoming a leading investor in fintech.

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