People are VERY aware that early stage venture isn’t guaranteed wins anymore.Prominent angel investors are in group chats saying "I'm not doing angel investing right now" & VCs are being far more picky.What are the second and third order effects of this??? ...

Group 1 - The core objective of the Jinjialing Financial Zone is to establish itself as an international wealth management center, venture capital center, and digital finance center, with a projected increase in financial institutions to over 1,500 by the end of 2025, marking a 50% growth since 2020 [2] - The financial sector in the Jinjialing Financial Zone has achieved an average annual growth rate of approximately 7.78% during the 14th Five-Year Plan period, laying a solid foundation for becoming a top-tier financial district [2] - The financial zone has attracted around 500 new financial institutions over five years, highlighting its competitive advantages in wealth management, venture capital, and digital finance [2][3] Group 2 - Wealth management has become a key focus for the Jinjialing Financial Zone, with three wealth management subsidiaries established since 2019, leading to a product management scale of nearly 2 trillion yuan by the end of 2024, ranking fifth nationally [3] - The financial zone has seen a qualitative and quantitative increase in high-net-worth wealth management institutions, with the establishment of three family offices and significant capital increases in trust companies [3] - The financial zone has developed a diversified wealth management landscape, integrating various financial institutions such as banks, securities firms, and private equity funds [3] Group 3 - The venture capital landscape in the Jinjialing Financial Zone has become increasingly prominent, with 112 registered fund managers and a total fund management scale of 89.2 billion yuan, accounting for over 30% of the city's total [4] - The financial zone has attracted a variety of investment funds, including foreign capital and state-owned capital, enhancing its ability to support the real economy [4] Group 4 - The digital finance sector is emerging as a distinctive feature of the Jinjialing Financial Zone, with over 80 digital finance companies established and the successful implementation of digital yuan applications [5] - The financial zone has hosted three digital finance innovation competitions, showcasing leading innovative cases and establishing a digital finance industry alliance [5] Group 5 - The Jinjialing Financial Zone has effectively facilitated the collaboration between finance and industry, supporting the transformation of the economy and the upgrading of industries [6] - Numerous innovative financial products and services have been launched, including pilot projects in pension wealth management and blockchain applications [6][7] Group 6 - The financial zone has attracted 15 listed companies, with five new listings during the 14th Five-Year Plan period, enhancing its reputation as a hub for listed and pre-listed enterprises [9] - The financial zone is committed to high-quality development, aiming to enhance its international influence in wealth management and deepen reform and opening-up [10]

Venture Capital & Funding - Velveteen Ventures 是一家由 Native American（美国原住民）领导的基金公司，在风险投资领域较为罕见 [1] Industry Focus - 该基金由 Betsy Fore 领导 [1]

Investment Focus - A Top General Catalyst Partner is joining a tiny Israel-focused fund [1] Industry Movement - The move highlights increasing interest in Israeli startups and technology [1]

Venture Capital Trends - Venture Capital firms are in no hurry to push startups to list on public markets [1] - Venture Capital firms are eager to capture more of the growth in valuations as companies scale up [1]

Venture Capital Industry Trends - The venture-capital industry is transforming due to the pursuit of higher valuations [1] - This transformation is making a volatile business riskier [1]

Industry Focus - The report discusses potential IPOs of crypto companies, a key area of interest for venture capitalists (VCs) [1] Funding & Investment - The funding landscape is analyzed with a focus on which crypto companies might go public [1]

Venture Capital & Startups - Current generation of buzzy start-ups' stratospheric valuations may be overinflated [1] - A venture drought could follow if valuations are overinflated [1]

Investment Strategy & Focus - The firm focuses on sectors where it has a "right to play," such as health innovation and emergency services innovation [5][9] - The firm emphasizes fundamentals over fleeting trends like crypto or AI [17] - The firm aims to bridge the gap between African businesses and international markets by leveraging local expertise and networks [14] Portfolio & Exits - The firm has three funds under management and has exited six companies with returns exceeding 30% IRR [11] - Portfolio companies entering international markets have performed well, exemplified by the sale of a Cape Town-based emergency response business to Motorola, Inc [2][3] - A portfolio company, hearX, merged with Eargo, creating one of the largest OTC hearing aid providers in the US [7][8] Competitive Advantage - The competitive cost base in South Africa and other parts of Africa is an overlooked investment opportunity [18][20] - Relocating the cost base and engineering to South Africa can achieve approximately 30% cost savings [20] - Creating Dollar revenues and Rand cost base [11] Market Trends & Opportunities - The African venture capital market is still in its early stages, with early-stage investments now maturing [9][10] - The number of dollar unicorns born out of Africa is increasing year on year [12] - International investors are increasingly partnering with the firm and its companies [15]

Flush with cash and fired up by the AI boom, many venture capitalists are looking to hold on to the most promising startups for longer, and to ride valuations into the stratosphere https://t.co/6FvdgGTerB ...