Silicon Valley Funding News - Week of August 29, 2022. Anyscale Rraised $99M Series C

San Francisco will be super quiet this coming week with over 80,000 heading to Black Rock City...

Here's 5 great reads for this week:

• 💻 What Does Ethereum Merge Mean for Crypto Investors? - New Ethereum is going live on Sept. 15.  My partner Chris McCann said on Money Magazine: “If you just want to send some Eth to your friends, the new Ethereum really doesn't have any kind of material change for you.”  However, for crypto exchanges or staking services like Lido, Coinbase, Kraken and Binance which account for 58% of all staking on the test versions of Ethereum’s new network, this Merge will have a big impact for their business. (inspired by Akash Pasricha).
• 🧸 2022 is Year of NFT - Nike's NFT projects generated $185M in revenue, $1.3 billion in secondary sale and 67.6K in transactions. I am impressed by these numbers from Dune Analytics. Here is a short list of brands:
  • Nike
  • Dolce Gabbana
  • Tiffany
  • Gucci
  • Adidas
  • Budweiser
  • Time Magazine
  • Lacoste
  • McLaren
  • Pepsi
• 💰 10,000 Ultra-rich Chinese Moving to Singapore - In 2022, 63 out of 143 new family offices setup in Singapore are originating from China. These individuals carry with them an average of US$4.8 million worth of capital assets, bringing China’s total estimated outflow to around US$48 billion. Read more
• 👨‍💻 Jack Dorsey says his biggest regret is Twitter became a company - Jack wished Twitter is "a protocol" and should not be owned by a state or a company.  If the deal with Elon goes through, Jack would receive $978 million. 
• 📦 Equinix and Digital Realty are stockpiling diesel for back-up power - The world's two biggest data center operators are preparing for the winter blackouts across Europe.  Equinix has 89 data centers in 29 cities across Europe, the Middle East and Africa, while Digital Realty has more than 110 across 13 European countries, including the UK, France and Germany.

This week a total of 15 startups raised $524.1M in funding, 0 M&As:

• $176M goes to 4 Enterprise startups
• $24M goes to 1 Blockchain/Crypto startup
• $9M goes to 1 HR startup
• $50M goes to 1 Gaming startup
• $15M goes to 1 Healthcare startup
• $50.5M goes to 2 BioTech startups
• $5M goes to 1 IoT startup
• $9.6M goes to 1 Environmental startup
• $138M goes to 1 Renewable Energy startup
• $35M goes to 1 AgTech startup
• $12M goes to 1 Other startup