Venture funds 10,000 new 2019-2022, most won’t raise a second fund. Funds launched deep and wide, but returns compressed and competition exploded.
Key points
10,000 new venture funds started between 2019 and 2022
Most of those funds won’t raise a second fund
Sources
Astra $500 tokens chip-level logic FPGA Satellite TV receiver
Astra and $500 in tokens were used to build chip-level logic (FPGA) and software for a fully functional Satellite TV receiver. It took gpt-6-astra 72 hours to get the protocol right and stream video and audio on a web app.
Key points
Funding: $500 in tokens allocated for FPGA and software development.
Development time: 72 hours to implement the protocol and enable streaming.
