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31000 | From FAPE/PEAC to PhilEd
The management team of PEAC will be the incoming management team of PhilEd.
Interestingly, PhilHealth, in addition to premiums collected from members as well as subsidies from local governments who have enrolled indigents in the program, receives a share of the “sin taxes” collected from Tobacco and Sugar Sweetened Beverage. The justification for this is that tobacco smokers and sugar sweetened beverage drinkers impose an additional burden on the healthcare system of the Filipinos and so must contribute to their health services. In Fiscal Year 2022, this amounted to P74 billion.
Moreover, under the Universal Health Care Law, PhilHealth receives 50% of the government share from the income of the Philippine Amusement Gaming Corp. (PAGCOR) as well as 40% of the Charity Fund of the Philippine Charity Sweepstakes Office (PCSO). In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. |
31001 | From FAPE/PEAC to PhilEd
The justification for this is that tobacco smokers and sugar sweetened beverage drinkers impose an additional burden on the healthcare system of the Filipinos and so must contribute to their health services. In Fiscal Year 2022, this amounted to P74 billion.
Moreover, under the Universal Health Care Law, PhilHealth receives 50% of the government share from the income of the Philippine Amusement Gaming Corp. (PAGCOR) as well as 40% of the Charity Fund of the Philippine Charity Sweepstakes Office (PCSO). In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised. |
31002 | From FAPE/PEAC to PhilEd
In Fiscal Year 2022, this amounted to P74 billion.
Moreover, under the Universal Health Care Law, PhilHealth receives 50% of the government share from the income of the Philippine Amusement Gaming Corp. (PAGCOR) as well as 40% of the Charity Fund of the Philippine Charity Sweepstakes Office (PCSO). In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised.
Finally, PhilEd can be given access to the Special Education Funds of the local school boards of the Local Government. |
31003 | From FAPE/PEAC to PhilEd
Moreover, under the Universal Health Care Law, PhilHealth receives 50% of the government share from the income of the Philippine Amusement Gaming Corp. (PAGCOR) as well as 40% of the Charity Fund of the Philippine Charity Sweepstakes Office (PCSO). In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised.
Finally, PhilEd can be given access to the Special Education Funds of the local school boards of the Local Government.
Congress enacted Republic Act 7875, known as “The National Health Insurance Act of 1995,” which created PhilHealth. |
31004 | From FAPE/PEAC to PhilEd
(PAGCOR) as well as 40% of the Charity Fund of the Philippine Charity Sweepstakes Office (PCSO). In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised.
Finally, PhilEd can be given access to the Special Education Funds of the local school boards of the Local Government.
Congress enacted Republic Act 7875, known as “The National Health Insurance Act of 1995,” which created PhilHealth. We are hoping some members of Congress would file a Universal Education Financing Law which would create PhilEd.
Dr. |
31005 | From FAPE/PEAC to PhilEd
In 2022, this amounted to P188 billion.
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised.
Finally, PhilEd can be given access to the Special Education Funds of the local school boards of the Local Government.
Congress enacted Republic Act 7875, known as “The National Health Insurance Act of 1995,” which created PhilHealth. We are hoping some members of Congress would file a Universal Education Financing Law which would create PhilEd.
Dr. Victor S. Limlingan is a retired professor of AIM and a fellow of the Foundation for Economic Freedom. |
31006 | From FAPE/PEAC to PhilEd
In like manner, in addition to the school vouchers funded under the Expanded Government Assistance to Students and Teachers in Private Education Act, we suggest that PhilEd be allocated a share of the taxes imposed on our extractive industries. This is based on the argument that the depletion of our natural resources can only be justified if the taxes collected will enhance our human resources.
Like PhilHealth, PhilEd could also be mandated to receive a percentage from the collection of documentary stamps which have recently been raised.
Finally, PhilEd can be given access to the Special Education Funds of the local school boards of the Local Government.
Congress enacted Republic Act 7875, known as “The National Health Insurance Act of 1995,” which created PhilHealth. We are hoping some members of Congress would file a Universal Education Financing Law which would create PhilEd.
Dr. Victor S. Limlingan is a retired professor of AIM and a fellow of the Foundation for Economic Freedom. He is presently chairman of Cristina Research Foundation, a public policy adviser and Regina Capital Development Corp., a member of the Philippine Stock Exchange. |
31007 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Hipgnosis Songs Fund (HSF), the UK-listed music rights fund, looks likely to hold its all-important 2023 ‘continuation vote’ on Thursday, October 26, according to an announcement from the firm today.
Why’s that ‘likely’ rather than ‘definitely’? Because there’s still a possibility it might get bumped into November – the reasons for which we’ll get into later in this article.
The ‘continuation vote’ will take place at HSF’s Annual General Meeting (AGM), and will see the firm’s shareholders vote on whether to keep the entity going as a closed-ended investment entity i.e. a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things. |
31008 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Hipgnosis Songs Fund (HSF), the UK-listed music rights fund, looks likely to hold its all-important 2023 ‘continuation vote’ on Thursday, October 26, according to an announcement from the firm today.
Why’s that ‘likely’ rather than ‘definitely’? Because there’s still a possibility it might get bumped into November – the reasons for which we’ll get into later in this article.
The ‘continuation vote’ will take place at HSF’s Annual General Meeting (AGM), and will see the firm’s shareholders vote on whether to keep the entity going as a closed-ended investment entity i.e. a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things.
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’. |
31009 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Why’s that ‘likely’ rather than ‘definitely’? Because there’s still a possibility it might get bumped into November – the reasons for which we’ll get into later in this article.
The ‘continuation vote’ will take place at HSF’s Annual General Meeting (AGM), and will see the firm’s shareholders vote on whether to keep the entity going as a closed-ended investment entity i.e. a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things.
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. |
31010 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Why’s that ‘likely’ rather than ‘definitely’? Because there’s still a possibility it might get bumped into November – the reasons for which we’ll get into later in this article.
The ‘continuation vote’ will take place at HSF’s Annual General Meeting (AGM), and will see the firm’s shareholders vote on whether to keep the entity going as a closed-ended investment entity i.e. a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things.
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. public market
First, a bit of important context. |
31011 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Because there’s still a possibility it might get bumped into November – the reasons for which we’ll get into later in this article.
The ‘continuation vote’ will take place at HSF’s Annual General Meeting (AGM), and will see the firm’s shareholders vote on whether to keep the entity going as a closed-ended investment entity i.e. a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things.
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. public market
First, a bit of important context.
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022. |
31012 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
a publicly-traded bundle of music rights.
How will that vote go? Obviously we don’t know yet – and there’s the small matter of a $440 million transaction looming that could potentially influence things.
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. public market
First, a bit of important context.
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022.
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. |
31013 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. public market
First, a bit of important context.
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022.
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. its share price). |
31014 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Even so: one wonders if some new changes at HSF, announced today, are related to this ‘continuation vote’ – and whether or not they amount to concessions to help keep HSF investors happy and confident in the firm’s long-term prospects… and voting ‘yes, let’s keep going’.
The shareholder frustration: NAV vs. public market
First, a bit of important context.
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022.
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. its share price).
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year. |
31015 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
The shareholder frustration: NAV vs. public market
First, a bit of important context.
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022.
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. its share price).
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year.
(Said ‘operative NAV’ was calculated by an independent valuer – Citrin Cooperman – using a discount rate of 8.5%.) |
31016 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
The fundamental revenue performance of HSF doesn’t seem to be under scrutiny from shareholders: the company posted its best-ever revenues in the 12 months to end of March, while streaming ‘pro-forma’ revenue was up 14.8% YoY in calendar 2022.
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. its share price).
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year.
(Said ‘operative NAV’ was calculated by an independent valuer – Citrin Cooperman – using a discount rate of 8.5%.)
This is where the importance of that potential $440 million transaction comes in. |
31017 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Where HSF shareholders – as well as its management – are finding frustration is in the current gulf between the firm’s ‘operative Net Asset Value’ (‘operative NAV’) and its value on the public market (i.e. its share price).
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year.
(Said ‘operative NAV’ was calculated by an independent valuer – Citrin Cooperman – using a discount rate of 8.5%.)
This is where the importance of that potential $440 million transaction comes in.
As MBW reported earlier this month, Hipgnosis Songs Fund’s shareholders are currently considering a proposal to sell 29 of the company’s catalogs to another Hipgnosis company – the Blackstone-backed Hipgnosis Songs Capital (HSC) – for USD $440 million. |
31018 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
its share price).
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year.
(Said ‘operative NAV’ was calculated by an independent valuer – Citrin Cooperman – using a discount rate of 8.5%.)
This is where the importance of that potential $440 million transaction comes in.
As MBW reported earlier this month, Hipgnosis Songs Fund’s shareholders are currently considering a proposal to sell 29 of the company’s catalogs to another Hipgnosis company – the Blackstone-backed Hipgnosis Songs Capital (HSC) – for USD $440 million.
That potential transaction is being managed for both HSF and HSC by two separate teams within their mutual investment advisor, Hipgnosis Song Management (HSM), which is run and part-owned by Merck Mercuriadis. |
31019 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
For example: On September 14, HSF’s market cap stood at approximately GBP £1.125 billion, which represented a 40% discount on the firm’s operative NAV of USD $2.316 billion as of the end of March this year.
(Said ‘operative NAV’ was calculated by an independent valuer – Citrin Cooperman – using a discount rate of 8.5%.)
This is where the importance of that potential $440 million transaction comes in.
As MBW reported earlier this month, Hipgnosis Songs Fund’s shareholders are currently considering a proposal to sell 29 of the company’s catalogs to another Hipgnosis company – the Blackstone-backed Hipgnosis Songs Capital (HSC) – for USD $440 million.
That potential transaction is being managed for both HSF and HSC by two separate teams within their mutual investment advisor, Hipgnosis Song Management (HSM), which is run and part-owned by Merck Mercuriadis.
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”. |
31020 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
This is where the importance of that potential $440 million transaction comes in.
As MBW reported earlier this month, Hipgnosis Songs Fund’s shareholders are currently considering a proposal to sell 29 of the company’s catalogs to another Hipgnosis company – the Blackstone-backed Hipgnosis Songs Capital (HSC) – for USD $440 million.
That potential transaction is being managed for both HSF and HSC by two separate teams within their mutual investment advisor, Hipgnosis Song Management (HSM), which is run and part-owned by Merck Mercuriadis.
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”.
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company. |
31021 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
This is where the importance of that potential $440 million transaction comes in.
As MBW reported earlier this month, Hipgnosis Songs Fund’s shareholders are currently considering a proposal to sell 29 of the company’s catalogs to another Hipgnosis company – the Blackstone-backed Hipgnosis Songs Capital (HSC) – for USD $440 million.
That potential transaction is being managed for both HSF and HSC by two separate teams within their mutual investment advisor, Hipgnosis Song Management (HSM), which is run and part-owned by Merck Mercuriadis.
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”.
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company.
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past. |
31022 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
That potential transaction is being managed for both HSF and HSC by two separate teams within their mutual investment advisor, Hipgnosis Song Management (HSM), which is run and part-owned by Merck Mercuriadis.
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”.
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company.
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past.
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13. |
31023 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”.
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company.
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past.
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13.
What happened today? |
31024 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
When it announced its intention to explore the $440 million catalog sale to HSC two weeks ago, Hipgnosis Songs Fund confirmed that one of its motivating factors was that the transaction could potentially act “as a catalyst for a re-rating of [HSF’s] share price”.
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company.
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past.
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13.
What happened today?
Amongst the news confirmed by HSF today (September 28) is that the firm’s Chair of its board since 2018, Andrew Sutch, 73, is stepping down, both as HSF board Chair and as a director of the company. |
31025 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Aka: Increasing that share price to bring it up closer to the current operative NAV of the company.
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past.
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13.
What happened today?
Amongst the news confirmed by HSF today (September 28) is that the firm’s Chair of its board since 2018, Andrew Sutch, 73, is stepping down, both as HSF board Chair and as a director of the company.
HSF says it’s begun a process to recruit a new Chair; Sutch (pictured inset) will leave his post as and when this person is hired, or in any case before HSF’s AGM next year (in Q4 2024). |
31026 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
HSC’s $440 million offer to acquire the 29 catalogs, HSF confirmed earlier this month, equates to a 26% increase on the amount HSF paid for those catalogs to acquire them in the past.
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13.
What happened today?
Amongst the news confirmed by HSF today (September 28) is that the firm’s Chair of its board since 2018, Andrew Sutch, 73, is stepping down, both as HSF board Chair and as a director of the company.
HSF says it’s begun a process to recruit a new Chair; Sutch (pictured inset) will leave his post as and when this person is hired, or in any case before HSF’s AGM next year (in Q4 2024).
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors. |
31027 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
The $440 million price also reflects a +51% premium on the value of the 29 catalogs implied by Hipgnosis Songs Fund’s public market cap for the 30 days ending September 13.
What happened today?
Amongst the news confirmed by HSF today (September 28) is that the firm’s Chair of its board since 2018, Andrew Sutch, 73, is stepping down, both as HSF board Chair and as a director of the company.
HSF says it’s begun a process to recruit a new Chair; Sutch (pictured inset) will leave his post as and when this person is hired, or in any case before HSF’s AGM next year (in Q4 2024).
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors.
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today. |
31028 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
What happened today?
Amongst the news confirmed by HSF today (September 28) is that the firm’s Chair of its board since 2018, Andrew Sutch, 73, is stepping down, both as HSF board Chair and as a director of the company.
HSF says it’s begun a process to recruit a new Chair; Sutch (pictured inset) will leave his post as and when this person is hired, or in any case before HSF’s AGM next year (in Q4 2024).
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors.
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today.
These measures included the fact that, if Hipgnosis Songs Fund shareholders vote to remain a publicly-traded fund (via that 2023 ‘continuation vote’) at the firm’s next AGM, then another ‘continuation vote’ will be put in front of HSF shareholders at an Extraordinary General Meeting in January 2026. |
31029 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
HSF says it’s begun a process to recruit a new Chair; Sutch (pictured inset) will leave his post as and when this person is hired, or in any case before HSF’s AGM next year (in Q4 2024).
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors.
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today.
These measures included the fact that, if Hipgnosis Songs Fund shareholders vote to remain a publicly-traded fund (via that 2023 ‘continuation vote’) at the firm’s next AGM, then another ‘continuation vote’ will be put in front of HSF shareholders at an Extraordinary General Meeting in January 2026.
(The ‘continuation vote’ that will take place in Q4 2023 has been scheduled ever since HSF went public in 2018 – i.e. |
31030 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors.
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today.
These measures included the fact that, if Hipgnosis Songs Fund shareholders vote to remain a publicly-traded fund (via that 2023 ‘continuation vote’) at the firm’s next AGM, then another ‘continuation vote’ will be put in front of HSF shareholders at an Extraordinary General Meeting in January 2026.
(The ‘continuation vote’ that will take place in Q4 2023 has been scheduled ever since HSF went public in 2018 – i.e. five years after it floated. The 2026 ‘Continuation Vote’, as newly-agreed, means another one is now being scheduled for around two years’ time.) |
31031 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
In addition, Andrew Wilkinson, 72, has informed the HSF board of his intention to retire as a board director, which will reduce the company’s board to five directors.
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today.
These measures included the fact that, if Hipgnosis Songs Fund shareholders vote to remain a publicly-traded fund (via that 2023 ‘continuation vote’) at the firm’s next AGM, then another ‘continuation vote’ will be put in front of HSF shareholders at an Extraordinary General Meeting in January 2026.
(The ‘continuation vote’ that will take place in Q4 2023 has been scheduled ever since HSF went public in 2018 – i.e. five years after it floated. The 2026 ‘Continuation Vote’, as newly-agreed, means another one is now being scheduled for around two years’ time.)
In addition, HSF today confirmed some new amendments to its ‘Investment Advisory Agreement’ (IAA) with HSM. |
31032 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
HSF also confirmed a number of other new measures in a ‘circular’ to its shareholders today.
These measures included the fact that, if Hipgnosis Songs Fund shareholders vote to remain a publicly-traded fund (via that 2023 ‘continuation vote’) at the firm’s next AGM, then another ‘continuation vote’ will be put in front of HSF shareholders at an Extraordinary General Meeting in January 2026.
(The ‘continuation vote’ that will take place in Q4 2023 has been scheduled ever since HSF went public in 2018 – i.e. five years after it floated. The 2026 ‘Continuation Vote’, as newly-agreed, means another one is now being scheduled for around two years’ time.)
In addition, HSF today confirmed some new amendments to its ‘Investment Advisory Agreement’ (IAA) with HSM.
These amendments would give HSM a 12-month notice period as HSF’s investment advisor should the IAA be terminated at any point following the upcoming 2023 ‘continuation vote’. |
31033 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
(The ‘continuation vote’ that will take place in Q4 2023 has been scheduled ever since HSF went public in 2018 – i.e. five years after it floated. The 2026 ‘Continuation Vote’, as newly-agreed, means another one is now being scheduled for around two years’ time.)
In addition, HSF today confirmed some new amendments to its ‘Investment Advisory Agreement’ (IAA) with HSM.
These amendments would give HSM a 12-month notice period as HSF’s investment advisor should the IAA be terminated at any point following the upcoming 2023 ‘continuation vote’.
Another clause in the new IAA: If HSF’s share price stands at an average discount to ‘operative NAV’ of 10% or more across the month of January 2025 (with that NAV determined at the time of publication of HSF’s interim report for the period to September 30, 2024), the HSF board says it intends to serve notice to terminate the IAA with HSM. |
31034 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
five years after it floated. The 2026 ‘Continuation Vote’, as newly-agreed, means another one is now being scheduled for around two years’ time.)
In addition, HSF today confirmed some new amendments to its ‘Investment Advisory Agreement’ (IAA) with HSM.
These amendments would give HSM a 12-month notice period as HSF’s investment advisor should the IAA be terminated at any point following the upcoming 2023 ‘continuation vote’.
Another clause in the new IAA: If HSF’s share price stands at an average discount to ‘operative NAV’ of 10% or more across the month of January 2025 (with that NAV determined at the time of publication of HSF’s interim report for the period to September 30, 2024), the HSF board says it intends to serve notice to terminate the IAA with HSM.
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. |
31035 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
In addition, HSF today confirmed some new amendments to its ‘Investment Advisory Agreement’ (IAA) with HSM.
These amendments would give HSM a 12-month notice period as HSF’s investment advisor should the IAA be terminated at any point following the upcoming 2023 ‘continuation vote’.
Another clause in the new IAA: If HSF’s share price stands at an average discount to ‘operative NAV’ of 10% or more across the month of January 2025 (with that NAV determined at the time of publication of HSF’s interim report for the period to September 30, 2024), the HSF board says it intends to serve notice to terminate the IAA with HSM.
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision). |
31036 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
These amendments would give HSM a 12-month notice period as HSF’s investment advisor should the IAA be terminated at any point following the upcoming 2023 ‘continuation vote’.
Another clause in the new IAA: If HSF’s share price stands at an average discount to ‘operative NAV’ of 10% or more across the month of January 2025 (with that NAV determined at the time of publication of HSF’s interim report for the period to September 30, 2024), the HSF board says it intends to serve notice to terminate the IAA with HSM.
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision).
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? |
31037 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Another clause in the new IAA: If HSF’s share price stands at an average discount to ‘operative NAV’ of 10% or more across the month of January 2025 (with that NAV determined at the time of publication of HSF’s interim report for the period to September 30, 2024), the HSF board says it intends to serve notice to terminate the IAA with HSM.
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision).
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? MBW understands that, in such a scenario, HSM would have a first-refusal option to acquire HSF’s copyright portfolio – and could potentially turn to Blackstone (i.e. |
31038 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision).
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? MBW understands that, in such a scenario, HSM would have a first-refusal option to acquire HSF’s copyright portfolio – and could potentially turn to Blackstone (i.e. the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition. |
31039 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
However, HSF’s board has also given itself the freedom to un-terminate the IAA during the entire notice period that would follow (e.g. if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision).
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? MBW understands that, in such a scenario, HSM would have a first-refusal option to acquire HSF’s copyright portfolio – and could potentially turn to Blackstone (i.e. the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition.
Why the $440 million offer is connected to the date of HSF’s ‘continuation vote’
While HSF shareholders are considering the $440 million offer from HSC to buy the 29 catalogs, other non-Hipgnosis companies are also being invited to make bids for the same portfolio. |
31040 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
if HSF’s board serves 12-month notice on HSM at the end of January 2025, it would have until the end of January 2026 to withdraw its termination decision).
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? MBW understands that, in such a scenario, HSM would have a first-refusal option to acquire HSF’s copyright portfolio – and could potentially turn to Blackstone (i.e. the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition.
Why the $440 million offer is connected to the date of HSF’s ‘continuation vote’
While HSF shareholders are considering the $440 million offer from HSC to buy the 29 catalogs, other non-Hipgnosis companies are also being invited to make bids for the same portfolio.
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise). |
31041 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
One factor potentially making the future termination of HSM as HSF’s investment advisor less likely? MBW understands that, in such a scenario, HSM would have a first-refusal option to acquire HSF’s copyright portfolio – and could potentially turn to Blackstone (i.e. the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition.
Why the $440 million offer is connected to the date of HSF’s ‘continuation vote’
While HSF shareholders are considering the $440 million offer from HSC to buy the 29 catalogs, other non-Hipgnosis companies are also being invited to make bids for the same portfolio.
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise).
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14. |
31042 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition.
Why the $440 million offer is connected to the date of HSF’s ‘continuation vote’
While HSF shareholders are considering the $440 million offer from HSC to buy the 29 catalogs, other non-Hipgnosis companies are also being invited to make bids for the same portfolio.
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise).
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. |
31043 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
the backers of Hipgnosis Songs Capital) to find the money to pull off such an acquisition.
Why the $440 million offer is connected to the date of HSF’s ‘continuation vote’
While HSF shareholders are considering the $440 million offer from HSC to buy the 29 catalogs, other non-Hipgnosis companies are also being invited to make bids for the same portfolio.
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise).
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. These include the fact that HSM (on behalf of HSC) has a ‘matching right’, meaning that if HSC decides to match the higher bid of a rival, HSF has to sell the catalogs to it – rather than the rival. |
31044 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise).
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. These include the fact that HSM (on behalf of HSC) has a ‘matching right’, meaning that if HSC decides to match the higher bid of a rival, HSF has to sell the catalogs to it – rather than the rival.
In addition, any ‘superior’ offer would have to exceed the aggregate cash net proceeds that would ultimately reach HSF’s coffers should HSC’s $440 million offer be executed. |
31045 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Those bids are enabled by a ‘go-shop’ clause in the HSF/HSC proposal that allows the HSF board to consider these non-Hipgnosis approaches for a limited period (until 11.59pm on October 23, to be precise).
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. These include the fact that HSM (on behalf of HSC) has a ‘matching right’, meaning that if HSC decides to match the higher bid of a rival, HSF has to sell the catalogs to it – rather than the rival.
In addition, any ‘superior’ offer would have to exceed the aggregate cash net proceeds that would ultimately reach HSF’s coffers should HSC’s $440 million offer be executed. (Read more about this condition through here.) |
31046 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. These include the fact that HSM (on behalf of HSC) has a ‘matching right’, meaning that if HSC decides to match the higher bid of a rival, HSF has to sell the catalogs to it – rather than the rival.
In addition, any ‘superior’ offer would have to exceed the aggregate cash net proceeds that would ultimately reach HSF’s coffers should HSC’s $440 million offer be executed. (Read more about this condition through here.)
Still, it’s a theoretical possibility that a non-Hipgnosis company swoops for the 29 catalogs from HSF, and gazumps HSC in the bidding process. |
31047 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
Today (September 28), HSF informed its investors that “credible third parties are already engaged in this go-shop process” following its announcement on September 14.
As we’ve previously reported, there are potential obstacles in the way of these third parties’ bids. These include the fact that HSM (on behalf of HSC) has a ‘matching right’, meaning that if HSC decides to match the higher bid of a rival, HSF has to sell the catalogs to it – rather than the rival.
In addition, any ‘superior’ offer would have to exceed the aggregate cash net proceeds that would ultimately reach HSF’s coffers should HSC’s $440 million offer be executed. (Read more about this condition through here.)
Still, it’s a theoretical possibility that a non-Hipgnosis company swoops for the 29 catalogs from HSF, and gazumps HSC in the bidding process.
If a ‘superior proposal’ (versus the $440 million offer from HSC) is received during the ‘go-shop’ period, said HSF today – whether or not HSC uses its ‘matching right’ to beat it – it may be necessary to adjourn the HSF AGM (and therefore the 2023 ‘continuation vote’) into November. |
31048 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
In addition, any ‘superior’ offer would have to exceed the aggregate cash net proceeds that would ultimately reach HSF’s coffers should HSC’s $440 million offer be executed. (Read more about this condition through here.)
Still, it’s a theoretical possibility that a non-Hipgnosis company swoops for the 29 catalogs from HSF, and gazumps HSC in the bidding process.
If a ‘superior proposal’ (versus the $440 million offer from HSC) is received during the ‘go-shop’ period, said HSF today – whether or not HSC uses its ‘matching right’ to beat it – it may be necessary to adjourn the HSF AGM (and therefore the 2023 ‘continuation vote’) into November.
In its note to shareholders today, the HSF board reiterated its belief – and Hipgnosis Song Management’s belief – that HSF owns “a unique portfolio of iconic, culturally significant songs that will deliver strong long-term value as they benefit from the structural tailwinds in the music industry”. |
31049 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
(Read more about this condition through here.)
Still, it’s a theoretical possibility that a non-Hipgnosis company swoops for the 29 catalogs from HSF, and gazumps HSC in the bidding process.
If a ‘superior proposal’ (versus the $440 million offer from HSC) is received during the ‘go-shop’ period, said HSF today – whether or not HSC uses its ‘matching right’ to beat it – it may be necessary to adjourn the HSF AGM (and therefore the 2023 ‘continuation vote’) into November.
In its note to shareholders today, the HSF board reiterated its belief – and Hipgnosis Song Management’s belief – that HSF owns “a unique portfolio of iconic, culturally significant songs that will deliver strong long-term value as they benefit from the structural tailwinds in the music industry”.
The note added: “Furthermore, the [HSF] Board believes that the Investment Adviser’s approach to Song Management should enable the Company to outperform the wider music market. |
31050 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
If a ‘superior proposal’ (versus the $440 million offer from HSC) is received during the ‘go-shop’ period, said HSF today – whether or not HSC uses its ‘matching right’ to beat it – it may be necessary to adjourn the HSF AGM (and therefore the 2023 ‘continuation vote’) into November.
In its note to shareholders today, the HSF board reiterated its belief – and Hipgnosis Song Management’s belief – that HSF owns “a unique portfolio of iconic, culturally significant songs that will deliver strong long-term value as they benefit from the structural tailwinds in the music industry”.
The note added: “Furthermore, the [HSF] Board believes that the Investment Adviser’s approach to Song Management should enable the Company to outperform the wider music market. This has been evidenced by the 44% total return, including right to income, transaction fees and expected taxes, realised since acquisition on the [$440 million] Transaction. |
31051 | Hipgnosis Songs Fund Chair, Andrew Sutch, to step down; all-important ‘continuation vote’ likely to take place on October 26
In its note to shareholders today, the HSF board reiterated its belief – and Hipgnosis Song Management’s belief – that HSF owns “a unique portfolio of iconic, culturally significant songs that will deliver strong long-term value as they benefit from the structural tailwinds in the music industry”.
The note added: “Furthermore, the [HSF] Board believes that the Investment Adviser’s approach to Song Management should enable the Company to outperform the wider music market. This has been evidenced by the 44% total return, including right to income, transaction fees and expected taxes, realised since acquisition on the [$440 million] Transaction.
“Furthermore, the Board and the Investment Adviser are committed to ensuring that this value is achieved for shareholders by a re-rating of the share price and are determined to deliver on the ongoing opportunity of the Company.”Music Business Worldwide |
31052 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter The demo day focuses on an array of crypto subsectors like NFTs, security and wallets
While media attention remains largely fixed on crypto’s best-known players, there are a host of startups in the web3 industry trying to make a name for themselves despite bear-market conditions.
TechCrunch+ got to see a number of those startups during web3 accelerator Alliance DAO’s latest demo day for All11 program participants, which we’re covering exclusively.
(Check out the previous Alliance DAO demo days we covered in July 2022, in November 2022, and in May 2023.)
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. |
31053 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter The demo day focuses on an array of crypto subsectors like NFTs, security and wallets
While media attention remains largely fixed on crypto’s best-known players, there are a host of startups in the web3 industry trying to make a name for themselves despite bear-market conditions.
TechCrunch+ got to see a number of those startups during web3 accelerator Alliance DAO’s latest demo day for All11 program participants, which we’re covering exclusively.
(Check out the previous Alliance DAO demo days we covered in July 2022, in November 2022, and in May 2023.)
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. Alliance also invests $250,000 in startups that take part in the program. |
31054 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
TechCrunch+ got to see a number of those startups during web3 accelerator Alliance DAO’s latest demo day for All11 program participants, which we’re covering exclusively.
(Check out the previous Alliance DAO demo days we covered in July 2022, in November 2022, and in May 2023.)
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. Alliance also invests $250,000 in startups that take part in the program.
The most recent cohort had 1,083 applications, down 36% from its previous batch, All10, which had a record 1,692 applicants. |
31055 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
TechCrunch+ got to see a number of those startups during web3 accelerator Alliance DAO’s latest demo day for All11 program participants, which we’re covering exclusively.
(Check out the previous Alliance DAO demo days we covered in July 2022, in November 2022, and in May 2023.)
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. Alliance also invests $250,000 in startups that take part in the program.
The most recent cohort had 1,083 applications, down 36% from its previous batch, All10, which had a record 1,692 applicants. Of that number, only six teams made it through and are graduating from the program, and two startups from All10 are presenting too (the last cohort had 16 graduating projects). |
31056 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
(Check out the previous Alliance DAO demo days we covered in July 2022, in November 2022, and in May 2023.)
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. Alliance also invests $250,000 in startups that take part in the program.
The most recent cohort had 1,083 applications, down 36% from its previous batch, All10, which had a record 1,692 applicants. Of that number, only six teams made it through and are graduating from the program, and two startups from All10 are presenting too (the last cohort had 16 graduating projects). “This is the most exclusive cohort in our history,” Qiao Wang, a core contributor at Alliance DAO, said during Alliance’s demo day. |
31057 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The three-month-long accelerator program brings in web3 founders for at least 10 hours per week twice a year. “Each startup in our latest cohort received an average of over 50 intro requests after demo day,” from major VC firms like Paradigm and Multicoin, according to Alliance’s website. Alliance also invests $250,000 in startups that take part in the program.
The most recent cohort had 1,083 applications, down 36% from its previous batch, All10, which had a record 1,692 applicants. Of that number, only six teams made it through and are graduating from the program, and two startups from All10 are presenting too (the last cohort had 16 graduating projects). “This is the most exclusive cohort in our history,” Qiao Wang, a core contributor at Alliance DAO, said during Alliance’s demo day.
Mentors for the All11 cohort include Kain Warwick, founder of Synthetix; Jason Yanowitz, co-founder of Blockworks; Anatoly Yakovenko, co-founder of Solana; Ilja Moisejevs, co-founder and CEO of Tensor (from Alliance’s ALL9 cohort); and David Vorick, co-founder of Sia and lead developer of Glow. |
31058 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Alliance also invests $250,000 in startups that take part in the program.
The most recent cohort had 1,083 applications, down 36% from its previous batch, All10, which had a record 1,692 applicants. Of that number, only six teams made it through and are graduating from the program, and two startups from All10 are presenting too (the last cohort had 16 graduating projects). “This is the most exclusive cohort in our history,” Qiao Wang, a core contributor at Alliance DAO, said during Alliance’s demo day.
Mentors for the All11 cohort include Kain Warwick, founder of Synthetix; Jason Yanowitz, co-founder of Blockworks; Anatoly Yakovenko, co-founder of Solana; Ilja Moisejevs, co-founder and CEO of Tensor (from Alliance’s ALL9 cohort); and David Vorick, co-founder of Sia and lead developer of Glow.
Here’s a breakdown of the eight startups:
Company name: Kravata
What it does: Fiat to crypto on and off-ramp for LatAm
Founders: Felipe Montes, Juliana Montes
Stage: Seed
The pitch: Kravata is a Colombia-based platform that aims to connect traditional financial infrastructure and fiat currencies with cryptocurrencies for businesses wanting to get into web3 in Latin America. |
31059 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
“This is the most exclusive cohort in our history,” Qiao Wang, a core contributor at Alliance DAO, said during Alliance’s demo day.
Mentors for the All11 cohort include Kain Warwick, founder of Synthetix; Jason Yanowitz, co-founder of Blockworks; Anatoly Yakovenko, co-founder of Solana; Ilja Moisejevs, co-founder and CEO of Tensor (from Alliance’s ALL9 cohort); and David Vorick, co-founder of Sia and lead developer of Glow.
Here’s a breakdown of the eight startups:
Company name: Kravata
What it does: Fiat to crypto on and off-ramp for LatAm
Founders: Felipe Montes, Juliana Montes
Stage: Seed
The pitch: Kravata is a Colombia-based platform that aims to connect traditional financial infrastructure and fiat currencies with cryptocurrencies for businesses wanting to get into web3 in Latin America. Its services include on- and off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems. |
31060 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Mentors for the All11 cohort include Kain Warwick, founder of Synthetix; Jason Yanowitz, co-founder of Blockworks; Anatoly Yakovenko, co-founder of Solana; Ilja Moisejevs, co-founder and CEO of Tensor (from Alliance’s ALL9 cohort); and David Vorick, co-founder of Sia and lead developer of Glow.
Here’s a breakdown of the eight startups:
Company name: Kravata
What it does: Fiat to crypto on and off-ramp for LatAm
Founders: Felipe Montes, Juliana Montes
Stage: Seed
The pitch: Kravata is a Colombia-based platform that aims to connect traditional financial infrastructure and fiat currencies with cryptocurrencies for businesses wanting to get into web3 in Latin America. Its services include on- and off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems. Its investors include Circle Ventures, Framework Ventures, Alliance DAO and others. |
31061 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Here’s a breakdown of the eight startups:
Company name: Kravata
What it does: Fiat to crypto on and off-ramp for LatAm
Founders: Felipe Montes, Juliana Montes
Stage: Seed
The pitch: Kravata is a Colombia-based platform that aims to connect traditional financial infrastructure and fiat currencies with cryptocurrencies for businesses wanting to get into web3 in Latin America. Its services include on- and off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems. Its investors include Circle Ventures, Framework Ventures, Alliance DAO and others. It’s raising a seed round.
Company name: Thunder
What it does: Onchain trading terminal
Founders: Jackson Denka
Stage: Seed
The pitch: Thunder, which is a product of Eversify, is an onchain “intent-based” trading terminal that aims to give users “an unfair advantage in every way possible,” according to its website. |
31062 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Its services include on- and off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems. Its investors include Circle Ventures, Framework Ventures, Alliance DAO and others. It’s raising a seed round.
Company name: Thunder
What it does: Onchain trading terminal
Founders: Jackson Denka
Stage: Seed
The pitch: Thunder, which is a product of Eversify, is an onchain “intent-based” trading terminal that aims to give users “an unfair advantage in every way possible,” according to its website. The platform aims to provide users with support for major blockchains and exchanges like OpenSea, Uniswap, Base, Polygon, Blur and Solana, to name a few. It’s currently looking for strategic investors for its seed round. |
31063 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Its services include on- and off-ramps to convert fiat to crypto (and vice versa), as well as market making and cross-border transfer systems. Its investors include Circle Ventures, Framework Ventures, Alliance DAO and others. It’s raising a seed round.
Company name: Thunder
What it does: Onchain trading terminal
Founders: Jackson Denka
Stage: Seed
The pitch: Thunder, which is a product of Eversify, is an onchain “intent-based” trading terminal that aims to give users “an unfair advantage in every way possible,” according to its website. The platform aims to provide users with support for major blockchains and exchanges like OpenSea, Uniswap, Base, Polygon, Blur and Solana, to name a few. It’s currently looking for strategic investors for its seed round.
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. |
31064 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s raising a seed round.
Company name: Thunder
What it does: Onchain trading terminal
Founders: Jackson Denka
Stage: Seed
The pitch: Thunder, which is a product of Eversify, is an onchain “intent-based” trading terminal that aims to give users “an unfair advantage in every way possible,” according to its website. The platform aims to provide users with support for major blockchains and exchanges like OpenSea, Uniswap, Base, Polygon, Blur and Solana, to name a few. It’s currently looking for strategic investors for its seed round.
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. The application is currently available on Apple’s App Store. |
31065 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s raising a seed round.
Company name: Thunder
What it does: Onchain trading terminal
Founders: Jackson Denka
Stage: Seed
The pitch: Thunder, which is a product of Eversify, is an onchain “intent-based” trading terminal that aims to give users “an unfair advantage in every way possible,” according to its website. The platform aims to provide users with support for major blockchains and exchanges like OpenSea, Uniswap, Base, Polygon, Blur and Solana, to name a few. It’s currently looking for strategic investors for its seed round.
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. The application is currently available on Apple’s App Store. Its game rewards users daily for hitting sleep goals and also provides the ability to collect items in an effort to motivate people to sleep better. |
31066 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The platform aims to provide users with support for major blockchains and exchanges like OpenSea, Uniswap, Base, Polygon, Blur and Solana, to name a few. It’s currently looking for strategic investors for its seed round.
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. The application is currently available on Apple’s App Store. Its game rewards users daily for hitting sleep goals and also provides the ability to collect items in an effort to motivate people to sleep better. The game has 14,000 monthly active users and a 41% one-year retention rate, its founder Anton Kraminkin said during demo day. According to its website, 60.2% of users reported improved sleep since using its game. |
31067 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s currently looking for strategic investors for its seed round.
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. The application is currently available on Apple’s App Store. Its game rewards users daily for hitting sleep goals and also provides the ability to collect items in an effort to motivate people to sleep better. The game has 14,000 monthly active users and a 41% one-year retention rate, its founder Anton Kraminkin said during demo day. According to its website, 60.2% of users reported improved sleep since using its game. In January, it raised $3.5 million from investors, including 6th Man Ventures, Sfermion, 1kx and Shima Capital. It’s currently raising from strategic investors. |
31068 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Company name: Sleepagotchi
What it does: NFT-powered Sleep Game
Founders: Anton Kraminkin
Stage: Seed
The pitch: Sleepagotchi is a mobile app game that aims to help people develop healthy sleep habits through gamifying sleep with NFTs. The application is currently available on Apple’s App Store. Its game rewards users daily for hitting sleep goals and also provides the ability to collect items in an effort to motivate people to sleep better. The game has 14,000 monthly active users and a 41% one-year retention rate, its founder Anton Kraminkin said during demo day. According to its website, 60.2% of users reported improved sleep since using its game. In January, it raised $3.5 million from investors, including 6th Man Ventures, Sfermion, 1kx and Shima Capital. It’s currently raising from strategic investors.
Company name: Blockcast
What it does: Decentralized broadcast delivery network
Founders: Omar Ramadan, Lisa Li
Stage: Seed
The pitch: Blockcast is a decentralized content delivery network and marketplace that aims to help broadcasters have more traffic and reach wider audiences. |
31069 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The application is currently available on Apple’s App Store. Its game rewards users daily for hitting sleep goals and also provides the ability to collect items in an effort to motivate people to sleep better. The game has 14,000 monthly active users and a 41% one-year retention rate, its founder Anton Kraminkin said during demo day. According to its website, 60.2% of users reported improved sleep since using its game. In January, it raised $3.5 million from investors, including 6th Man Ventures, Sfermion, 1kx and Shima Capital. It’s currently raising from strategic investors.
Company name: Blockcast
What it does: Decentralized broadcast delivery network
Founders: Omar Ramadan, Lisa Li
Stage: Seed
The pitch: Blockcast is a decentralized content delivery network and marketplace that aims to help broadcasters have more traffic and reach wider audiences. The Berkeley-based content delivery platform aims to help broadcasters by bridging the gap between television and online streaming through tokenizing un-utilized TV spectrum to deliver content, its co-founder, CEO, and CTO Omar Ramadan said during the demo day. |
31070 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
According to its website, 60.2% of users reported improved sleep since using its game. In January, it raised $3.5 million from investors, including 6th Man Ventures, Sfermion, 1kx and Shima Capital. It’s currently raising from strategic investors.
Company name: Blockcast
What it does: Decentralized broadcast delivery network
Founders: Omar Ramadan, Lisa Li
Stage: Seed
The pitch: Blockcast is a decentralized content delivery network and marketplace that aims to help broadcasters have more traffic and reach wider audiences. The Berkeley-based content delivery platform aims to help broadcasters by bridging the gap between television and online streaming through tokenizing un-utilized TV spectrum to deliver content, its co-founder, CEO, and CTO Omar Ramadan said during the demo day. The cost of streaming a 4K movie to 10,000 viewers is typically about $1,000 through servers like Cloudflare, but with Blockcast it can reduce the cost by 96%, Ramadan said. |
31071 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
In January, it raised $3.5 million from investors, including 6th Man Ventures, Sfermion, 1kx and Shima Capital. It’s currently raising from strategic investors.
Company name: Blockcast
What it does: Decentralized broadcast delivery network
Founders: Omar Ramadan, Lisa Li
Stage: Seed
The pitch: Blockcast is a decentralized content delivery network and marketplace that aims to help broadcasters have more traffic and reach wider audiences. The Berkeley-based content delivery platform aims to help broadcasters by bridging the gap between television and online streaming through tokenizing un-utilized TV spectrum to deliver content, its co-founder, CEO, and CTO Omar Ramadan said during the demo day. The cost of streaming a 4K movie to 10,000 viewers is typically about $1,000 through servers like Cloudflare, but with Blockcast it can reduce the cost by 96%, Ramadan said. It’s currently raising a seed round. |
31072 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s currently raising from strategic investors.
Company name: Blockcast
What it does: Decentralized broadcast delivery network
Founders: Omar Ramadan, Lisa Li
Stage: Seed
The pitch: Blockcast is a decentralized content delivery network and marketplace that aims to help broadcasters have more traffic and reach wider audiences. The Berkeley-based content delivery platform aims to help broadcasters by bridging the gap between television and online streaming through tokenizing un-utilized TV spectrum to deliver content, its co-founder, CEO, and CTO Omar Ramadan said during the demo day. The cost of streaming a 4K movie to 10,000 viewers is typically about $1,000 through servers like Cloudflare, but with Blockcast it can reduce the cost by 96%, Ramadan said. It’s currently raising a seed round.
Company name: Tailwind
What it does: Cosmos-based smart wallet
Founders: Bao Mai
Stage: Seed
The pitch: Tailwind is a crypto wallet focused on the Cosmos ecosystem. |
31073 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The Berkeley-based content delivery platform aims to help broadcasters by bridging the gap between television and online streaming through tokenizing un-utilized TV spectrum to deliver content, its co-founder, CEO, and CTO Omar Ramadan said during the demo day. The cost of streaming a 4K movie to 10,000 viewers is typically about $1,000 through servers like Cloudflare, but with Blockcast it can reduce the cost by 96%, Ramadan said. It’s currently raising a seed round.
Company name: Tailwind
What it does: Cosmos-based smart wallet
Founders: Bao Mai
Stage: Seed
The pitch: Tailwind is a crypto wallet focused on the Cosmos ecosystem. It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round. |
31074 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The cost of streaming a 4K movie to 10,000 viewers is typically about $1,000 through servers like Cloudflare, but with Blockcast it can reduce the cost by 96%, Ramadan said. It’s currently raising a seed round.
Company name: Tailwind
What it does: Cosmos-based smart wallet
Founders: Bao Mai
Stage: Seed
The pitch: Tailwind is a crypto wallet focused on the Cosmos ecosystem. It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. |
31075 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s currently raising a seed round.
Company name: Tailwind
What it does: Cosmos-based smart wallet
Founders: Bao Mai
Stage: Seed
The pitch: Tailwind is a crypto wallet focused on the Cosmos ecosystem. It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. |
31076 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Company name: Tailwind
What it does: Cosmos-based smart wallet
Founders: Bao Mai
Stage: Seed
The pitch: Tailwind is a crypto wallet focused on the Cosmos ecosystem. It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. |
31077 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round. |
31078 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It aims to help users focus on decentralized applications by abstracting away from chains and allowing users to pick a single gas token for transactions. Bao Mai, the founder of Tailwind, previously was a founding engineer at JunoSwap, an automated market maker. It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. |
31079 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s raising a seed round.
Company name: Tazz
What it does: Debt market for protocols
Founders: Mark Cinali, Alan Hampton, Anthony Fahden
Stage: Seed
The pitch: Tazz is a decentralized lending protocol that aims to make buying and selling debt tied to digital assets more efficient. It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. |
31080 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. |
31081 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It allows users to trade debt through decentralized exchange Uniswap V3. It accepts any type of crypto collateral, according to its website. The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. |
31082 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
The company is in “discussions with a very large protocol to issue $5 million in debt,” Alan Hampton, CEO and co-founder of Tazz, said during his demo day presentation. It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. |
31083 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. It is raising a seed round. |
31084 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It’s raising a seed round.
Company name: Upshield
What it does: Web3 security platform
Founders: Paul Vijender, Preston Thornburg
Stage: Seed
The pitch: Upshield is a full-stack security platform for web3 protocols, assets and communities. It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. It is raising a seed round.
Company name: Inco
What it does: Encrypted Ethereum virtual machine
Founders: Remi Gai
Stage: Seed
The pitch: Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain. |
31085 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It aims to be user friendly for people building applications that are non-security experts. The startup launched two weeks ago after being in beta mode for two months and currently has an ARR of $120,000, Paul Vijender, co-founder and CEO of Upshield said during his presentation. Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. It is raising a seed round.
Company name: Inco
What it does: Encrypted Ethereum virtual machine
Founders: Remi Gai
Stage: Seed
The pitch: Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain. Its technology is fully homomorphic encryption (FHE), which is jargon for encryption that allows computations to be performed on encrypted data, without having to decrypt it — meaning its confidentiality is maintained throughout the computation. |
31086 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. It is raising a seed round.
Company name: Inco
What it does: Encrypted Ethereum virtual machine
Founders: Remi Gai
Stage: Seed
The pitch: Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain. Its technology is fully homomorphic encryption (FHE), which is jargon for encryption that allows computations to be performed on encrypted data, without having to decrypt it — meaning its confidentiality is maintained throughout the computation. With that said, the FHE helps users write private smart contracts and perform computations. |
31087 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Its engine has over 100 web3 threat detectors as well as on-chain and off-chain coverage for projects across smart contracts, application front ends and social channels, to name a few. It can work with web3 applications built on eight blockchains and networks like Coinbase’s Base, Ethereum, Avalanche, Binance and Polygon. It is raising a seed round.
Company name: Inco
What it does: Encrypted Ethereum virtual machine
Founders: Remi Gai
Stage: Seed
The pitch: Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain. Its technology is fully homomorphic encryption (FHE), which is jargon for encryption that allows computations to be performed on encrypted data, without having to decrypt it — meaning its confidentiality is maintained throughout the computation. With that said, the FHE helps users write private smart contracts and perform computations. The network can be used for a number of different use cases like card games and private voting and is live on DevNet (developer network) with its mainnet launching in 2024, founder Remi Gai said during his demo day presentation. |
31088 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
It is raising a seed round.
Company name: Inco
What it does: Encrypted Ethereum virtual machine
Founders: Remi Gai
Stage: Seed
The pitch: Inco Network is an encrypted Ethereum virtual machine (EVM) layer-1 protocol that aims to help decentralized applications (dApps) operate on-chain. Its technology is fully homomorphic encryption (FHE), which is jargon for encryption that allows computations to be performed on encrypted data, without having to decrypt it — meaning its confidentiality is maintained throughout the computation. With that said, the FHE helps users write private smart contracts and perform computations. The network can be used for a number of different use cases like card games and private voting and is live on DevNet (developer network) with its mainnet launching in 2024, founder Remi Gai said during his demo day presentation. Inco is currently raising a seed round.
Building in bad times
These eight companies are not building in the most winsome conditions. |
31089 | Meet Alliance DAO’s latest accelerator cohort of startups building in crypto winter
Its technology is fully homomorphic encryption (FHE), which is jargon for encryption that allows computations to be performed on encrypted data, without having to decrypt it — meaning its confidentiality is maintained throughout the computation. With that said, the FHE helps users write private smart contracts and perform computations. The network can be used for a number of different use cases like card games and private voting and is live on DevNet (developer network) with its mainnet launching in 2024, founder Remi Gai said during his demo day presentation. Inco is currently raising a seed round.
Building in bad times
These eight companies are not building in the most winsome conditions. “The crypto industry is likely near the bottom of the cycle in terms of venture funding and developer activity,” Wang told TechCrunch. Despite a chilly market, there were a number of novel startup ideas among Alliance startups. And if history is an indication, the winners of the next cycle are likely being built now. |
31090 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
Scientists unravel the factors of the Mediterranean lifestyle that lead to reduced mortality and how it can be adopted in non-Mediterranean populations.
Picture this: Olive oil, tomato, garlic, and an abundance of fruits — a delightful communal meal followed by a short nap. Throw in some sun and moderate warm temperatures and you might find yourself transported to the idyllic Mediterranean.
But what if I told you that you bring the benefits of the Mediterranean lifestyle home with you, even if you live far from the region? Just like a cherished souvenir brought back from holidays.
“The Mediterranean lifestyle represents a traditional way of living based on a plant-based diet rich in fruits, vegetables, legumes, nuts, whole grains, and healthy oils (e.g., olive oil), moderated intake of fish, dairy and very low in red and processed meats or sweets along with food habits such as adding spices instead of salt,” explained Mercedes Sotos-Prieto, assistant professor at the Department of Preventive Medicine, Public Health and Microbiology at the Universidad Autónoma de Madrid. |
31091 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
Picture this: Olive oil, tomato, garlic, and an abundance of fruits — a delightful communal meal followed by a short nap. Throw in some sun and moderate warm temperatures and you might find yourself transported to the idyllic Mediterranean.
But what if I told you that you bring the benefits of the Mediterranean lifestyle home with you, even if you live far from the region? Just like a cherished souvenir brought back from holidays.
“The Mediterranean lifestyle represents a traditional way of living based on a plant-based diet rich in fruits, vegetables, legumes, nuts, whole grains, and healthy oils (e.g., olive oil), moderated intake of fish, dairy and very low in red and processed meats or sweets along with food habits such as adding spices instead of salt,” explained Mercedes Sotos-Prieto, assistant professor at the Department of Preventive Medicine, Public Health and Microbiology at the Universidad Autónoma de Madrid.
“Meals are something that happens around family and friends,” she continued. “The conviviality and social aspect are also characteristic. |
31092 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
Throw in some sun and moderate warm temperatures and you might find yourself transported to the idyllic Mediterranean.
But what if I told you that you bring the benefits of the Mediterranean lifestyle home with you, even if you live far from the region? Just like a cherished souvenir brought back from holidays.
“The Mediterranean lifestyle represents a traditional way of living based on a plant-based diet rich in fruits, vegetables, legumes, nuts, whole grains, and healthy oils (e.g., olive oil), moderated intake of fish, dairy and very low in red and processed meats or sweets along with food habits such as adding spices instead of salt,” explained Mercedes Sotos-Prieto, assistant professor at the Department of Preventive Medicine, Public Health and Microbiology at the Universidad Autónoma de Madrid.
“Meals are something that happens around family and friends,” she continued. “The conviviality and social aspect are also characteristic. Physical activity is important in the context of community life, and adequate rest including the typical short mid nap or siesta.”
Sotos-Prieto and researchers from the Universidad Autónoma de Madrid in Spain and the Harvard Chan School of Public Health in the USA are exploring the feasibility and impact of adopting the Mediterranean diet and lifestyle among non-Mediterranean populations using locally available products and within their own cultural contexts. |
31093 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
“Meals are something that happens around family and friends,” she continued. “The conviviality and social aspect are also characteristic. Physical activity is important in the context of community life, and adequate rest including the typical short mid nap or siesta.”
Sotos-Prieto and researchers from the Universidad Autónoma de Madrid in Spain and the Harvard Chan School of Public Health in the USA are exploring the feasibility and impact of adopting the Mediterranean diet and lifestyle among non-Mediterranean populations using locally available products and within their own cultural contexts.
“We are seeing the transferability of the lifestyle [outside the Mediterranean] and its positive effects on health,” she added. The most significant perk? A 29% lower risk of mortality in both men and women.
Breaking down the effects
Scientists stress that the Mediterranean diet should be understood more as a way of life than a mere dietary pattern with scientific evidence acquired over the last four decades establishing its benefits on life expectancy, quality of life, and the prevention of several chronic diseases. |
31094 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
“The conviviality and social aspect are also characteristic. Physical activity is important in the context of community life, and adequate rest including the typical short mid nap or siesta.”
Sotos-Prieto and researchers from the Universidad Autónoma de Madrid in Spain and the Harvard Chan School of Public Health in the USA are exploring the feasibility and impact of adopting the Mediterranean diet and lifestyle among non-Mediterranean populations using locally available products and within their own cultural contexts.
“We are seeing the transferability of the lifestyle [outside the Mediterranean] and its positive effects on health,” she added. The most significant perk? A 29% lower risk of mortality in both men and women.
Breaking down the effects
Scientists stress that the Mediterranean diet should be understood more as a way of life than a mere dietary pattern with scientific evidence acquired over the last four decades establishing its benefits on life expectancy, quality of life, and the prevention of several chronic diseases.
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. |
31095 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
“We are seeing the transferability of the lifestyle [outside the Mediterranean] and its positive effects on health,” she added. The most significant perk? A 29% lower risk of mortality in both men and women.
Breaking down the effects
Scientists stress that the Mediterranean diet should be understood more as a way of life than a mere dietary pattern with scientific evidence acquired over the last four decades establishing its benefits on life expectancy, quality of life, and the prevention of several chronic diseases.
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. Sotos-Prieto and her team designed and developed a Mediterranean lifestyle index called MEDLIFE using a questionnaire that calculated an individual’s adherence to a Mediterranean way of life. This index considers three primary components: food consumption, dietary habits, and physical activity, including rest, social habits, and conviviality. |
31096 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
“We are seeing the transferability of the lifestyle [outside the Mediterranean] and its positive effects on health,” she added. The most significant perk? A 29% lower risk of mortality in both men and women.
Breaking down the effects
Scientists stress that the Mediterranean diet should be understood more as a way of life than a mere dietary pattern with scientific evidence acquired over the last four decades establishing its benefits on life expectancy, quality of life, and the prevention of several chronic diseases.
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. Sotos-Prieto and her team designed and developed a Mediterranean lifestyle index called MEDLIFE using a questionnaire that calculated an individual’s adherence to a Mediterranean way of life. This index considers three primary components: food consumption, dietary habits, and physical activity, including rest, social habits, and conviviality.
This type of analysis allowed the researchers to dissect the impact of each of these components, even drilling down to specific items like “hours of sleep” or “socializing with friends”. |
31097 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
The most significant perk? A 29% lower risk of mortality in both men and women.
Breaking down the effects
Scientists stress that the Mediterranean diet should be understood more as a way of life than a mere dietary pattern with scientific evidence acquired over the last four decades establishing its benefits on life expectancy, quality of life, and the prevention of several chronic diseases.
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. Sotos-Prieto and her team designed and developed a Mediterranean lifestyle index called MEDLIFE using a questionnaire that calculated an individual’s adherence to a Mediterranean way of life. This index considers three primary components: food consumption, dietary habits, and physical activity, including rest, social habits, and conviviality.
This type of analysis allowed the researchers to dissect the impact of each of these components, even drilling down to specific items like “hours of sleep” or “socializing with friends”. Moreover, the MEDLIFE index could help capture synergistic effects of multiple components that may not be apparent when examining individual components in isolation. |
31098 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. Sotos-Prieto and her team designed and developed a Mediterranean lifestyle index called MEDLIFE using a questionnaire that calculated an individual’s adherence to a Mediterranean way of life. This index considers three primary components: food consumption, dietary habits, and physical activity, including rest, social habits, and conviviality.
This type of analysis allowed the researchers to dissect the impact of each of these components, even drilling down to specific items like “hours of sleep” or “socializing with friends”. Moreover, the MEDLIFE index could help capture synergistic effects of multiple components that may not be apparent when examining individual components in isolation.
In their study, the team evaluated the impact of a Mediterranean-like lifestyle over the course of ten years in more than 110,000 participants located in the UK. |
31099 | What about the Mediterranean lifestyle reduces mortality? Scientists find out
However, the challenge lies in deciphering which elements of the Mediterranean lifestyle contribute most significantly to improved health. Sotos-Prieto and her team designed and developed a Mediterranean lifestyle index called MEDLIFE using a questionnaire that calculated an individual’s adherence to a Mediterranean way of life. This index considers three primary components: food consumption, dietary habits, and physical activity, including rest, social habits, and conviviality.
This type of analysis allowed the researchers to dissect the impact of each of these components, even drilling down to specific items like “hours of sleep” or “socializing with friends”. Moreover, the MEDLIFE index could help capture synergistic effects of multiple components that may not be apparent when examining individual components in isolation.
In their study, the team evaluated the impact of a Mediterranean-like lifestyle over the course of ten years in more than 110,000 participants located in the UK.
The scientists found that adoption of the Mediterranean lifestyle was indeed feasible and could be adapted to local contexts, such as availability of ingredients, their affordability, local culinary traditions, and food preferences. |
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