Vincent Molinari

Regulatory clarity for responsible crypto innovation is emerging in the US and stands to catalyze the market adoption of such innovations. When regulations are clear, consumers and innovators all benefit. Financial Innovation and Technology for the 21st Century Act (#FIT21) is expected to pass with bipartisan support in Congress. FIT21 would redefine how securities issuers have to comply with existing federal law and Supreme Court precedent. The bill would create a new definition specific to digital assets, to identify when they're digital securities or digital commodities and whether the SEC or CFTC should be the primary spot market regulator. This collaborative approach signals a shift away from the current unclear, antiquated and antagonistic processes in some of the US regulatory agencies.

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Is SF Climate Week banter a good barometer of the macro climate tech investment mood? Key nuggets to ponder: 💰💰💰 Climate solutions (like most science/engineering and hardware based deep tech) are capital intensive. They require an "all of the above", creative financing approach to obtain the capital needed to scale (from CVCs, government, public-private partnerships, green banks, debt financing...). 🤖 AI - Everything, Everywhere (all at once). As in most sectors, AI is white hot. It can be a key component of climate solutions, but also a demand accelerant ⏩ More AI = ↗ compute and power demand ⚡= ↗ need for energy storage and grid enhancing solutions 🔋. 🏛 🤵 Political Angst. Real worry that a new administration will cut or impede climate tech catalyzing funding (e.g., DOE funding from IRA). #climatetech #climateweek

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Climate solutions are sometimes hiding in plain sight (or in your filing cabinet). If you're a business or non-profit executive, consider giving your employees an option for their 401k that is aligned with their values, divested of businesses they don't want to contribute to. You're essentially re-focusing investment dollars into climate solutions... helping to unlock trillions faster than you realize. I highly recommend talking to Breene Murphy He helped me see it's simpler than I thought it would be AND can help your own financial bottom line. It's a win-win-win. #innovation #climatesolutions #investment #401k #unlockingtrillions #vc #nonprofit #endowment #financier

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As the Shasta Ventures approval deadline approaches, we're presented with a unique opportunity to observe the complexities and inherent conflicts in GP-led secondary transactions. This scenario sheds light on the considerable leverage GPs hold within the private equity infrastructure. According to the article, proposed continuation fund requires LPs to approve the transaction if they wish to roll their interests into the new structure—a stipulation that could be seen as putting undue pressure on LPs. This raises critical questions about the balance of power in private equity deals and the alignment of interests between GPs and LPs. What are your thoughts? Is it appropriate for GPs to demand such conditions for LPs to participate in a continuation fund? How do you see this impacting the broader private equity landscape and the perception of GP-led secondary transactions? Looking forward to hearing your insights and perspectives on this pivotal issue. #PrivateEquity #VentureCapital #InvestmentTrends #ShastaVentures #GPledSecondaries

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リアルテックホールディングスはUntroDに名称変更します。 この社名変更に込めた意味は、未踏の資本主義の実現です。 従来の資本主義では投資対象とならなかった、だが価値があると我々が信じる（情緒的に価値があると皆さんが感じてはいる）領域にまで資金を呼び込む、その呼び水としての開拓者という決意の表明でもあります。 理想の実現に歩みを止めず、進み続けたいと思います。 Real Tech Holdings Co., Ltd. has relaunched as "UntroD," a company pioneering uncharted territories in capitalism. As of June 3, 2024, Real Tech Holdings Co., Ltd. has changed its name to "UntroD Capital Japan Co., Ltd.". We are also pleased to announce that we have redesigned our website to embody our company mission. UntroD, which means "未踏 untrodden," will continue to be the first to step into uncharted territories of capitalism, where there is a societal need but no established mechanism for capital flow, such as the deep tech domain. By investing and proving economic viability, UntroD will continue to create a flow of capital and human resources. https://untrod.inc/

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Throughout the year, Buyouts gathers intel about the most talked about emerging funds in the market from our networks of LPs and fundraisers. Emerging managers, including first-timers, remain of interest even in the tough fundraising markets. In a Probitas Partners survey last year, 75% of 69 institutional investor respondents said they were interested in exploring new firm spin-outs. Only 2% of respondents had no interest in first-time funds. The updated list includes around 45 names of funds in market that have gotten the attention of investors, including Otro Capital, Iron Path Capital, 5th Line Capital Century House Partners, Dynasty Equity, Citation Capital, Broad Sky Partners, Allied Industrial Partners, and Highland Rim Capital. #Venturecapitalists #Emergingfunds #EmergingManagers #Limitedpartners #Generalpartners #Investments #fundraising #Newfunds #Buyouts #LPs #GPs #VCs #Funds

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Another Hoover administration, Republic or Democratic WIll They Change before crash? (Mine is more optimistic though!) Two distinctive elements sustaining us, but still vulnerable, THOUGH I AM STILL ON THE BULLISH SIDE on guessing for a change to expect a more sensible President to surface! 1, a very strong private sector 2, a vigilant global economic regenerative development The current disastrous belief on hinderance to competitive forces! ONE COMMON belief, a stubborm administration. Believing in blockage can prevent self weakness through trade sanctions and limitations! Stopping the vigilant private sectors to gain and strengthen. Read: The Great Depression | The Herbert Hoover Presiden https://lnkd.in/gXcJuFsP The 1920s were a period of optimism and prosperity – for some Americans. When Herbert Hoover became President in 1929, the stock market was climbing to unprecedented levels, ........ In October, 1929, the bubble burst, After the stock market crash, President Hoover sought to prevent panic from spreading throughout the economy. According to Hoover’s economic theory, financial losses should affect profits, not employment, thus maintaining consumer spending and shortening the downturn. Hoover received commitments from private industry to spend $1.8 billion for new construction and repairs to be started in 1930, to stimulate employment. The President ordered federal departments to speed up their construction projects and asked all governors to expand public works projects in their states. He asked Congress for a $160 million tax cut while doubling spending for public buildings, dams, highways, and harbors. 1930 Praise for the President’s intervention was .. .............. Is this repeating, now? Sounds like we are heading into an administration driven STAGFLATION!!! US must change with a better sensible and independent President, yet he or she does not surface!!! Yet we buy more now on judgement of a must happen reversal on anti-competitive policy! Inflation not to come off as wrong policies continues, interest rate will be lowered as policies continue to degrading the economic competitiveness! USD vulnerable on a fake economic buoyancy and wrong maintenance of high interest rate to support the weak USD, just free the economy instead of wrong Federal and Monetary Policies! Then US can stay vibrant! And keep the long term bull run into a replacement investment target of the next cycle! The economy in 2024: Something https://lnkd.in/gRSN2PJR .... A Factor Investor’s Perspective of the Economic Cycle https://lnkd.in/g4TihKUz ........Realistically though, not every investor can allocate to the high decile of Value, Momentum, or Yield while avoiding low Earnings Quality, Financial Strength, and Earnings Growth.

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🌱🚀 Exciting News! Xefco, one of our portfolio companies, just secured A$10.5 million in funding to revolutionize the textile industry and reduce emissions! 🌎💡 With their innovative water-free textile finishing and dyeing solution, Ausora, Xefco is poised to make a significant impact. Their technology not only preserves precious resources but also cuts energy consumption and costs. Plus, it's already gaining traction with leading apparel brands like Zara and The North Face. At Investible, we're committed to backing visionary companies like Xefco that are driving positive change. This investment reaffirms our belief in their potential to transform industries and tackle pressing environmental challenges. #ClimateTech #SustainableInvesting #ImpactInvesting #MandiriInvestibleGlobalClimateTechFund 🌿📈

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With thanks to Private Equity International for this month’s deep dive on how #GPStakes helps to finance and drive best in class development in our industry

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Last month, Uncork Capital celebrated its 20th anniversary with a jubilant gathering attended by 420 guests, marking two decades of success in the venture capital realm. Over the years, the firm, alongside industry peers like First Round Capital and Felicis, has witnessed remarkable growth, now managing billions of dollars in assets. This expansion reflects the flourishing landscape of venture capital, with the industry experiencing exponential growth in investment. Moreover, positive shifts in VC norms, such as the evolving attitudes towards board seats, underscore a commitment to providing tailored support to startups, enhancing their growth prospects. Amidst discussions surrounding sectors like AI, optimism prevails, emphasizing a steadfast dedication to investing in innovative ventures with lasting impact. Read More Here: https://lnkd.in/efN6-Spd Branded Hospitality Ventures Jeff Clavier Susan Liu Ashley Cravens Tripp Jones Sarah Du Andy McLoughlin Amy Saper #innovation #technology #management #venturecapital #startup

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Mark Carney OpEd: We must stop prevaricating and expand carbon markets. I would add one critical point: Enough with the self-flagellation. Plenty of reason to be optimistic, and there is a lot of work to do! ✅️We have the ICVCM. We have strong science-backed standards. ❌️We allow tabloid journalists (often financed by oil nations) to spread misinformation. They tout "academic articles" attacking carbon, but do not retract even after articles are proven flawed by science.  ❌️We have big NGO executives with 7 figure packages pontificating about more 'equitable distribution'. We have corporate executives with 8 figure salaries finding excuses in those articles to delay fair pricing (imagine the benefits for communities at $50/ton?). ❌️We have Verra (and others) pandering to eco-radicals whose only objective is to derail carbon. You will never appease a fanatic - they do not want 'better carbon markets', they do not believe in markets - they believe in taxes and prohibitions. ❌️We have nationalistic USA and EU politicians opposing nature based credits (e.g. REDD) in compliance markets. Why? Because money  would flow from rich countries to poor countries via private sector, without voter protectionism. Without ability to use them in foreign policy. ❌️We have newcomers, particularly some 'rating agencies' using the old Silicon Valley trick of telling VCs: "This market is broken, but we are going to fix it". Obvious trick. Nothing is broken, Sherlock - except, perhaps, your morals. ✅️Nature Based Solutions like REDD are MILES AHEAD of any industry in nature when it comes to impact.  Find a business operating in remote, rural areas that is better. Logging? Agriculture? Tourism? We invest in some of these sectors, and I can tell you that the best actors in those are miles behind a half-decent REDD developer. 🤷‍♀️There are bad events, as in ANY market. The Financial Times will show 500 audit scandals a year across all industries. And in carbon there will be errors, and bad actors. This does not make the carbon markets any worse than healthcare or education, where these things happen too. 📊Keep high standards. Ensure auditors work. But stop double-guessing the industry's own process. If Barclays has a case of bad accounting,or misconduct in UK, the central bank will not close all their branches - even if they are guilty. They will be fined, they will be forced to improve processes. But they will not be brought to bankrupcy. Why are we more unforgiving with an industry that is inherently more beneficial for the planet than transport, fashion, chemicals, etc? Have we gone mad? ⚡️In all this debate, I can understand (although I despise) the self-serving interests of polluters. But not the number of ideology-fuelled 'naive people' who are being played to keep the status quo. 🔥 The market will be massive, but we have no time to waste.Time to wake up. Time to get going.

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Want a front-row seat to the frontier of tech? We’ve got the role (or two) for you! We’re expanding our frontier-tech team at Blackbird by hiring a Frontier Tech Investments Associate and Foundry Fellows! Got questions? We've got answers... 1️⃣ What are the roles? 🧪 Associate = a full-time VC investment gig in our Blackbird Investments team, working directly with me. We’re looking for someone with a science and/or engineering background and more curiosity than they can handle. You’ll grow your own investment brand and practice, support our portfolio founders, and will help build Foundry, our early-stage frontier-tech accelerator. ✨ Foundry Fellow = a casual/contract gig in our Blackbird Investments team, ~15h per week for 3 months. The Fellowship is ideal for PhD students and ECRs who want to learn more about startups and VC. You’ll go deep on emerging areas relevant to your expertise (or curiosity!), get a front-row seat to groundbreaking companies in those areas, build out your non-academic network, and develop a solid writing practice. 2️⃣ Why are you hiring? We love frontier tech, and we’re ready to grow our team. 3️⃣ Wow, it’s so great that you’re starting to look at deep tech! Look, we get it: we don’t make a lot of noise about our frontier tech investing. Buuuut we’ve been deep-tech investors since we backed Tim Kentley-Klay to found Zoox back in 2014—we’ve been on incredible journeys with PsiQuantum (building the world's first utility-scale quantum computer right here in Australia!), Inventia Life Science (transforming drug discovery with high-fidelity cell models), Remedy Robotics (surgical robots for remote endovascular procedures), Opto Biosystems (minimally-invasive neural implants to treat cancer), and more. We believe that frontier technologies, and great frontier-tech investing, will be part of the solutions to the greatest problems humanity faces today. 4️⃣ When do applications close? May 31st at 11:59pm AEST. 5️⃣ I have more questions! I’m sure you do! Clare Birch and I are hosting an AMA to answer any and all questions about these roles. Want to know what a week in the life of our team looks like? What’s keeping us up at night? What our ideal candidate looks like? Come along and find out - registration link in the comments 👇 Apply for these roles: Associate - https://lnkd.in/gCfj4EUJ Foundry Fellowships - https://lnkd.in/gj6ATZVZ If you know anyone that we should meet, send me their details! Cameron Elise Ben Andrew Robin Joseph Adelaide James Olivia Lucinda Raghav Jesse Christie Mohamed Tom Amee Pablo Haya Loong Hon Joshua Benjamin Megan Harry Denzil Matthew Diana Daniel Tom Deanna Justin Amar Lilly Stone Thomas

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Today marks a groundbreaking moment for BLCK VC and our fellow collaborators—Diversity VC, All Raise, 2Gether-International, SomosVC, StartOut, and VetsinTech—as we proudly announce the launch of the Diversity Data Alliance. This important alliance underscores our unwavering commitment to nurturing a venture capital and entrepreneurial ecosystem abundant in equity and inclusiveness. By standardizing and linking our data, we empower ourselves with the essential tools to track deeper trends that have, until now, eluded us to identify and fill funding gaps for historically excluded investors, founders, and operators. We can’t change what we do not measure, and now with the Diversity Data Alliance, we're now equipped to do both. Join us in this mission. Learn more and get involved: https://lnkd.in/eEZKdrac #DiversityDataAlliance #BLCKVC #VentureCapital #MeasureToChange

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Partnering with startups can help companies to "solve a product problem, create a new avenue for revenue, accelerate R&D, or accelerate time to market for a specific product," according to Otilia Barbuta, principal at HP Tech Ventures, the venture capital arm of HP. She was talking at a breakout session at Circularity 2024. "There are solutions in the market created by startups and in this circularity realm, I think it's more important than ever to partner with [them]." #climatetech #startups #climateVC

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REDD up by 27% YOY, for 1Q2024. If you read about Carbon crisis, prices crashing, double check the source. Likely the author has an agenda that opposes Voluntary Carbon Markets(VCM) and/or anything that smells of capitalism.

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Our view on the current venture capital markets. Curious to hear other investors' thoughts but I feel like seed stage valuation, at least in the gaming and entertainment sectors, has finally come down to the pre-covid level. Since February or March this year, we started seeing that the founders are willing to raise a $1-2m seed round at a $10m-ish valuation, not like $4-5m at $20-25m in 2022 and 2023. What are you guys seeing?

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#ProjectForABillion Today, in our regular column, I want to talk about the Cariloop project, which raised $20 million in a Series C round this spring. The lead investor was ABS Capital, which is also known for its investments in PowerReviews (recently exited) and LabConnect. But let's get back to the project in the Mental Health category. By the way, if psychologists ever asked me how to get rich and build a capitalized business, I would recommend working in their specialty and creating projects for corporations in the psychological and mental health category. In 2023, $435.2 billion was directed to this industry (this includes all project investments, not just venture capital). While there are still some managers in Russia (and elsewhere) who don't believe that a depressed employee who sleeps poorly, is torn between caring for children, and walks on the parapet at night is unlikely to create high results and a sustainable team, managers of almost all large corporations around the world are paying just as much attention to mental health as to physical health. Maybe these naive people are indeed investing half a trillion dollars so that employees can more efficiently scold their parents and school teachers? I've heard that silly version too. Cariloop is a platform where each employee is assigned a Care Coach with whom they can share or, in light cases, delegate the search for solutions to problems (although the platform indicates various types of problems, medical issues are most often mentioned in examples) not only for the user but also for their family members: children or even parents. A Care Coach can help navigate the healthcare system, provide educational support (about diseases, care methods), emotional support, and, if needed, legal or financial assistance. Special emphasis is placed on the fact that health coaches interact with each other and exchange information (how they do this without violating confidentiality, I will clarify later). I will not dwell in detail on the business efficiency claimed by the startup. It is clear that there are very beautiful infographics and analytics on the website about how much employee efficiency and, consequently, business efficiency improve when interacting with such a service solution. Check it if you want. I am skeptical about trying to measure the impact of employees' psychological health on business in numbers. However, evaluating the results of a business managed by psychologically unhealthy employees in numbers is much easier. We can start from there. *This is not an investment recommendation. **This is not a project the author has invested in (yep, it's required now). ***This is not a project I've been studying in detail for 10 years; it's just my subjective assessment of one of the most interesting projects that raised a round in the reporting period.

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To all #climatetech #founders and #funders in NYC and beyond, please join us on June 5th for an evening of #breakthrough #decarbonization #innovation at the ReGen Accelerator #DemoDay! 🎉 Get ready to be inspired by our cohort of #earlystage startups: ​ ▶ aich2 is engineering a novel #hydrogen ecosystem, built around Solid Hydrogen carriers. ​​ ▶ carbogenics produces sustainable #carbon adsorbents from difficult-to-recycle organic waste, including coffee cups and wastewater screenings ​​ ▶ TeamStack.ai is driving better performance by harnessing #AI, data, & the collective intelligence of teams. ​ ▶ Tesleon LLC uses compelling characters and #storytelling to instill compassion for communities and our planet in the next generation. ​ ▶ Tolam Earth is a trusted #marketplace for high-quality, high-impact carbon offsets. Don't miss out! Secure your spot below. Big thank you to Brown Rudnick LLP for hosting this event, our partners at ClimateHaven for their hard work and dedication during the entire program, and to our incredible network of #mentors and #facilitators, each of whom have dedicated time to working with these incredible founders this spring, including Jason Ambrose, Marina Rakhlin, Lauren Zujkowski, Stuart DeCew, Matt Puccini Andy Rooks, Nina Raab, and Bill Stephney. And of course Shai Tamary, Lars Korby and Sarah Cleveland, without whom we would not be able run such a #program. #innovation #sustainability #climateaction #accelerator

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