Nic Szerman lost his job at Meta Platforms in November, just two months after joining full-time, falling victim to a sweeping 13% reduction of its workforce as the advertising market cratered. Days later he was back working, seeking investment for his own company Nulink, a blockchain-based payment company, and sent pitches to start-up accelerator Y Combinator and Andreessen Horowitz’s cryptocurrency fund.
” Hot: Gaming and AI Also in November, multi-stage fund Index Ventures, which has bankrolled Facebook, Etsy and Skype, launched its second Origins fund, which will invest $300 million in early-stage start-ups. Silicon Valley investor US Venture Partners and Austrian VC firm Speedinvest have meanwhile earmarked a similar amount for newly founded companies. Investors highlighted gaming and artificial intelligence among hot areas of interest.
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