Legendary: NFT spinoff from newspaper SCMP gets funded to tokenize historical artifacts, writes Rita.Looking for a place to park it: Manish reports on 3one4 Capital’s new $200 million fund, writing that while this is another Indian firm to raise a large fund, there are concerns that there aren’t enough early-stage companies to take on significant capital. Chaddha also admits that Mayfield has missed out on a lot of opportunities because of high valuations, but that he’s okay with it.” Meanwhile, Natasha M spoke to Mayfield’s Navin Chaddha about the VC firm’s new $955 million fund, writing that now that the firm is bigger - and busier- “the capital will be used to ramp up the firm’s investment cadence in a more realistic market. After reporting on PermitFlow’s new $5.5 million round, I now know why this is a problem. Months later, we were still waiting in what the builder said was a municipality holdup - aka, permits weren’t being issued fast enough. When my husband and I bought our first house, we were eager to see builders break ground and get it built. Don’t blink or you’ll miss it: Ingrid also wrote about Go1, which acquired Blinkist, a speed reading app, with plans to expand enterprise learning.Ingrid writes that this deal didn’t come as much of a surprise, noting, “In the world of advanced automotive technology, safety has become one of the most important issues, but also one of the most lucrative opportunities, in the building of autonomous and driver-assisted systems.” Bet paid off: Qualcomm acquires Autotalks, reportedly for $350 million to $400 million, to boost Snapdragon’s automotive safety technology.Manish writes, “The recent valuation reductions bring a fresh perspective to the effects of waning global market conditions on Indian startups” where funding was down, valuations didn’t follow. In October, the valuation was cut to $8 billion.
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