Silicon Valley Funding News - Week of December 5, 2022. Frore Systems Raised $100M Series C

Hello from Hong Kong!  I am co-hosting the Hong Kong NFT Summit this weekend hope to bring together the most influential NFT creators, builders, developers and investors. Check it out.

Here are a few great reads for this week:

•  2022 iPad App of the Year - Congrats to GoodNotes and Steven Chan and team for winning Apple iPad App of the Year 2022. Steven created GoodNotes to help him go paperless while in school. 19M users & counting! 👉👉 Check it out
• 📖 How to work hard? - An old essay by Paul Graham. Working hard is not just a dial you turn up to 11. It's a complicated, dynamic system that has to be tuned just right at each point. You have to understand the shape of real work, see clearly what kind you're best suited for, aim as close to the true core of it as you can, accurately judge at each moment both what you're capable of and how you're doing, and put in as many hours each day as you can without harming the quality of the result. Read more.
• 📧 Elon Musk reportedly sent an email to the Tesla team on productivity.  I agree with this 👉 Communication should travel via the shortest path necessary to get the job done, not through the “chain of command”.  Read more
• 🤖 OpenAI announced ChatGPT this past week. A dialogue-based AI chat interface for its GPT-3 family of large language models. The dialogue format makes it possible for ChatGPT to answer followup questions, admit its mistakes, challenge incorrect premises, and reject inappropriate requests.  I tried it myself and am quite impressed =)  Test it out

           

• 🎥 Stutz - I really like this new documentary by Jonah Hill. I particularly like the concept of Part X (Pain, Uncertainty and Hard Work).  Imagine Part X as the villain on the journey of your evolution as a human.  As a startup founder, you constantly have to struggle while building your company.  Creating something new while facing adversity is part of the process for being a founder. Read more

This week a total of 19 startups raised $491.6M in funding, 3 M&As:

• $115.5M goes to 6 Enterprise startups
• $15M goes to 1 FinTech startup
• $14.6M goes to 1 HR Tech startup
• $7.3M goes to 2 Retail Tech startups
• $10.2M goes to 1 Real Estate startup
• $15M goes to 1 Gaming startup
• $30M goes to 1 Wireless startup
• $8M goes to 1 Transportation startup
• $100M goes to 1 Manufacturing startup
• $69.5M goes to 2 BioTech startups
• $46.5M goes to 1 AgTech startup
• $60M goes to 1 Other startup