Silicon Valley Funding News - Week of September 19, 2022. TeraWatt Infrastructure Raised $1B Series A

I am in New York this week for the Priority Conference!  I love being in New York this time of the year.  The weather is just so beautiful and warm. ☀️

Here's a few great reads for this week:

• 🏛️ White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets on September 16 -  Millions of people globally, including 16% of adult Americans, have purchased digital assets—which reached a market capitalization of $3 trillion globally last November.  The U.S. Department of the Treasury released the following reports:
  • The Future of Money and Payments
  • Crypto-Assets: Implications for Consumers, Investors, and Businesses
  • Action Plan to Address Illicit Financing Risks of Digital Assets
• 💰 Adobe Acquired Figma for $20B at ~$40.20 per share -Andrew Reed from Sequoia took this picture when Dylan Field (founder and CEO) signed their term sheet. Seed investor invested  $0.088 per share 2013.   Here is the list of investors and price per share break down by each stage.
• 🦁 Diffusion Models 101 - Every improvement in the machine learning area in the last 10 years is about scaling up model training. Model training quality is highly correlated to training data and model size. Diffusion models like #DALLE and #StableDiffusion are state of the art for image generation, yet our understanding of them is in its infancy. Great thread introduces the basics of how diffusion models work, how we understand them, and why the current understanding is broken. Click here
• 🦍 NFT Market Size will Balloon to $211.72 billion by 2030 - According to Grandview Research, the global NFT market size was valued at $15.54 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 33.9% from 2022 to 2030 and reach $211.72 billion by 2030.

This week a total of 30 startups raised $1.85B in funding, 3 M&As:

• $420M goes to 11 Enterprise startups
• $2.8M goes to 1 FinTech startup
• $15M goes to 1 InsurTech startup
• $25.1M goes to 2 Web3/Crypto startups
• $16M goes to 1 Real Estate startup
• $16M goes to 1 Marketplace startup
• $7M goes to 1 EdTech startup
• $30M goes to 1 IoT startup
• $1.055B goes to 2 Renewable Energy startups
• $51M goes to 2 Construction startups
• $15M goes to 1 Logistics startup
• $49M goes to 2 FoodTech startups
• $4.5M goes to 1 AgTech startup
• $143.5M goes to 2 BioTech startups
• $2.5M goes to 1 Other startup