On behalf of Shasta Ventures, I am beyond thrilled to announce that we led the $20M Series A of Threekit, the future of product visualization in ecommerce, where I will be joining the Board of Directors. We are incredibly fortunate to team up with such an experienced team in Ben Houston, Godard Abel, Joachim Klein and many others who are bringing together their combined decades of experience from the 3D graphics industry and excellence in enterprise selling.
The global ecommerce market has grown 250% over the past 5 years, yet it’s still only 14% of global retail purchasing. We live in a visual world; Instagram, Pinterest, Fortnite, Snapchat are the core of online engagement yet product visuals in ecommerce have not changed since the invention of the camera and the invention of the website. Product photography is incredibly expensive, and flat 2D website photos renderings of products rarely do the product justice. …
Investing in Layer1 — US Bitcoin mining
Today on behalf Shasta Ventures, I am excited to announce our investment in Layer1, a US-based commercial Bitcoin mining operation founded by Alexander Liegl and team. Today’s news from Fortune here.
From our first meeting it was clear Alex and team are bold entrepreneurs with long-term visions. They are industry veterans who came together around their conviction of proprietary mining, believing in a robust economy where digital currency is a core component of our technology platforms and financial ecosystem.
A strong supply of US-mined Bitcoin will further support the strength of decentralization and give the US financial system a trusted partner as cryptoassets become more commonly traded and used in financial services. …
We are feeling the daily effects of a growing wealth divide caused by dramatically increasing costs of living and fewer wage increases. We are hearing shouts for socialism from the steps of the Capitol, and the largest philanthropists the world has ever known, Bill & Melinda Gates, are debating the future existence of billionaires. It is clear that we as a society are not doing a good job of helping people grow in financial stature, and the American Dream is on the precipice of being dead.
In situations like these my brain kicks into gear, how do we find solutions? As such, I’ve been looking at emerging categories in consumer finance that are using modern technology, data analysis, and leveraging evolved federal regulation to create products that are more approachable for the everyday consumer who may not have the strength of financial access as the super wealthy. …
About
