The Weekly Drop 05.26.2022
The hottest news from sports, gaming, media, web3, and fitness.
Huge new funds by A16Z will continue to fuel Crypto and gaming startups. Lots of news in the media space, with a monster cap raise by the owner of Popular Science and SiriusXM buying Conan’s podcast studio. Activity continues hot in the blockchain gaming and metaverse sectors.
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Top Stories
A16Z Continues to Grow Assets Under Management
💸 A16Z announced a huge new $4.5Bn Crypto fund, split between early stage and growth in the sector. They also reported a $600MM fund focused on the video game sector.
Recurrent Ventures Hauls in $300MM for Science Content
📺 The media company owns 24 brands across science, tech, outdoor, and home, and now they have $300MM new capital from Blackstone for growth. Read
Tech news, capital raises, and more
🎙️ SiriusXM buys Conan’s podcast co for $150MM read
🏏 Major League Cricket adds $120MM for U.S. expansion details
🎮 Joystick gaming guild working on $110MM raise here
👾 N3twork brings in $46MM for blockchain games read
📈 Metaverse app BUD grows with $37MM funding more
🕹️ Riot Games invests in Aim Labs details
🏃♀️ Strava buys Recover Athletics more
🤝 Playmaker acquires The Prop Network here
👨🏫 Zwerner breaks down how VCs evaluate web3 startups read
Athletes in the News
🏈 Todd Gurley joins FCF as team owner here
🎉 NFL vets Marshall and Murray named Co-CEOs of The Players’ Lounge details
🏀 Dominique Wilkins partners with Ballerz NFT project read
👩⚕️ Soccer stars participate in moke.care $16MM cap raise more
🥊 A Rod buys into the Professional Fighters League here
Highlighting Diversity in Tech
🦈 Daymond John joins board of Overtime more
🗓️ Attend ribbon cutting at ATL Blockchain Center register
💸 Pitch competitions, grants, and events directory here
Portfolio Company Job Postings
Oura Ring (Health): Product and Engineer roles here
Eight Sleep (Fitness): Engineer, Growth, Product roles here
Future (Fitness): Product and Engineer roles here
Artie (Gaming): Engineer and Design roles here
GreenPark Sports (Gaming): Engineer and Creative roles here
Fan Controlled Football (Sports): Marketing and Football roles here
Offbeat (Media): Content and Sales roles here
DanceFight (Social Gaming): Developer roles here