Cryptokitties Raises $12M from USV, Andereessen Horowitz

businessinsider.com

16 pointsTaylorGood3 comments

If this didn't convince you that VCs are, in fact, not smarter than you, nothing will.

I actually had a bit of respect for a16z before this. Well, not anymore.

"The Hard Thing About Hard Things" - the hard thing is going to be listening to a word you say after you invested USD$12m into Cryptokitties

TL;DR

Can't read this. It's behind a paywall.

Really? I see the entire article. Here are key points:

The funding is led by Fred Wilson at Union Square Ventures and Chris Dixon at Andreessen Horowitz.

Cryptokitties launched in November 2017 as a project inside of Axiom Zen, a Vancouver-based studio. With its series A, Cryptokitties will spin off into its own company.

Roham Gharegozlou, CEO of both Axiom Zen and Cryptokitties, said he has about 20 employees focusing on the kitties and plans to use the funds to grow his team, including by adding roles for artists and content creators.

Edit: I received paywall after refreshing window. Article goes on to say most expensive cats are listed around $55m

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