Hi all, Julie here.
Not gonna lie, getting back into the swing of things has been rough. Apparently astrology has something to do with this as well. I can’t remember the specifics of which moon season we’re in right now and stuff, but we’re just gonna go with that. I also told Jordan last night that we can’t get pregnant next month since our baby would be a Scorpio and Lord knows I can’t handle a Scorpio for a child. Y’all are fierce.
Anyways, it’s a nice day again here in Austin so I’m excited to meet up with a friend from Lithic at Cosmic Coffee later. Hope you guys are hanging in there this week!
Today's Partner, Secureframe
Secureframe makes it quick and easy to achieve SOC 2, ISO 27001, and HIPAA compliance.
With its guided workflows and one-click integrations, Secureframe automates the entire compliance process, from readiness to report. With Secureframe, companies can easily:
- Connect with 100+ cloud services and vendors including AWS, GCP, and Azure
- Automate the evidence collection process through our 1-click integrations
- Customize auditor-approved compliance policies from a library of 40+ templates
- Get step-by-step guidance from in-house experts
They know that navigating the world of security and compliance can be confusing. But it doesn’t have to be! Secureframe offers user-friendly solutions geared for fast-growing businesses.
If you’d like to learn more, schedule a personalized demo today at Secureframe.com!
Company News
Justworks IPO Info
The fintech startup released an updated IPO filing that provided fresh financial results and a look at what the company may be worth when it debuts (more than $2B). Initially filing to go public during our holiday break, the HR/Payroll startup is selling 7M shares priced between $29 and $32 apiece on the Nasdaq.
Funding and Deals
OpenSea’s New Round
Nice work from my former colleague Eric Newcomer with this scoop. OpenSea raised a new round at a $13B+ valuation led by Coatue and Paradigm, with participation from Katie Haun’s new fund. Not bad considering the NFT platform is only four years old.
Blockchain As A Service
I love nothing more than writing about an Austin based company doing well. Cion Digital just announced a $12M seed round led by Green Visor Capital and 645 Ventures. The fresh capital will be utilized to expand R&D resources and accelerate the rollout of crypto financing and payment solutions tailored for financial services companies and big ticket retailers and to expand the capabilities of the firm’s proprietary Blockchain Orchestration Platform for other industries.
Crypto Watch
Bitcoin Trading and Internet Troubles
Soooo, Bitcoin trading might never stop, but if your internet goes out, you’re in trouble. Kazakhstan's government cut off internet access amid escalating protests, and the country's Bitcoin mining operations saw a huge drop. According to a comparison of mining pool hashrates from half a day ago (prior to the shutdown) and now, the situation is notable given that Kazakhstan is home to as much as 18% of the world's Bitcoin hashrate, as estimated last fall by the Cambridge Centre for Alternative Finance.
That’s A Lot of Apes
Speaking of OpenSea, the Bored Ape Yacht Club (BAYC) has now generated more than $1B in total sales, according to data site CryptoSlam. Demand for the collection of coveted non-fungible tokens (NFTs) was especially strong among rappers at the end of 2021. Ian would know more of these people than I do, but Martin Garrix, Post Malone, Diplo and DJ Khaled are some of those that got in on the action.
Together With Fintech Meetup
Jumpstart your 2022 with Leads, Deals, Partnerships, Funding and more at Fintech Meetup (online, March 22-24)! It’s the world’s largest fintech meetings-only event! No speakers, no content, just 30,000+ double opt-in online meetings to get business done.
Here are just some of the 500+ organizations already signed up:
- Fintechs including Akoya, Alloy, Alviere, Argyle, Autobooks, Azimuth, BitPay, BlockFi, Botdoc, Certa, Checkout.com, Circle, FISPAN, MANTL, Novi, Nuance, Nymbus, Onyx, Ripple, Signal Intent, Sila, Socure, Synctera, Urban FT, Zero Hash (to name just a few!)
- Banks including Bank of America, Citi, Federal Reserve, Goldman Sachs, HSBC, J.P. Morgan, Santander, Wells Fargo & 75+ others
- Neobanks including Dave, First Boulevard, Revolut & Varo Bank and more
- Credit Unions (125+ of them already signed up!)
- Investors including Bain Capital, Commerce Ventures, General Atlantic, Mosaik Partners, Next Level Ventures, Point 72 Ventures, Tribeca Venture Partners, Vestigo Ventures & more
- Networks including American Express, Discover, Mastercard & Visa
- Plus Solution Providers, Community Banks, Tech Cos, Retailers & Merchants, Media and more!
Online, March 22-24. Startup rate available for qualifying cos. Get Your Ticket Now!
Career Corner
Senior Product Manager at Stilt
Stilt (YC W16) is building a bank focused on 45M immigrants in the US. Immigrants are traditionally shut out of the financial system because they lack a financial identity. We are building technology to democratize access to financial services. In this role, you will be the first PM for Stilt and will be instrumental in defining the product culture and future direction of the team. Stilt is based in San Francisco but is open to remote employees. If you want to help improve access to financial services for everyone, especially for the underserved and immigrants, apply above!