1. Home
  2. Discover
  3. Business
  4. PitchBook News

PitchBook News - Crypto at a crossroads

Plus: A look inside accelerator programs, insurtech's M&A potential, midsized funds outshine the rest & more
Read online | Don't want to receive these emails? Manage your subscription.
PitchBook
Log in
The Weekend Pitch
June 18, 2023
Presented by Deloitte
(Drew Sanders/PitchBook News)
With all the excitement around AI, one could be forgiven for forgetting another great tech innovation that promised to change the world: crypto.

The sector has stumbled into yet another rough patch after two of the biggest exchanges, Coinbase and Binance, were accused by the SEC of—among other things—failing to register as brokers. The brouhaha is casting a pall over the crypto markets and the decentralized finance sector as a whole.

But even as regulators take steps like these to tighten the screws on exchanges, some investors remain focused on the long-term prospects of crypto. Earlier this week, Andreessen Horowitz doubled down on its commitment to crypto by opening an office in London to focus on its Web3 investments.

This reflects a hope that tighter rules—while delivering short-term pain to the industry—will also provide a more stable regulatory platform upon which the technology will mature. The challenge for lawmakers will be striking a fair balance that provides security while encouraging innovation.

This is the Weekend Pitch, and I'm Andrew Woodman. You can reach me at andrew.woodman@pitchbook.com or on Twitter @adwoodman.
read more
 
Share: Email LinkedIn Twitter Facebook
 
A Message From Deloitte  
Beyond the hype cycle: AI dealmaking and development in focus
The hype cycle for AI continues apace, with predictions for its true impact abound. Deloitte's latest road to next report cuts through chatter to review dealmaking trends across the sector, as well as perspectives from practitioners on utilization and actual viability. Key highlights include:
  • Analysis of AI & ML dealmaking and key developments across major segments like healthcare and cybersecurity
  • Various application hurdles of AI in real-world scenarios as well as cases of underrated viability
  • Metrics on AI & ML dealmaking at the expansion stage, including valuations, key segments and more
Read it now
Share: Email LinkedIn Twitter Facebook
 
 

Trivia
Insurtech, while still filled with plenty of attractive M&A targets, has had a decline in deal activity for the past seven quarters. However, deal count has seen a bit of an uptick this past quarter. How many deals were recorded by PitchBook this past quarter?

A) 157 deals
B) 67 deals
C) 276 deals
D) 115 deals

Find the answer at the bottom of The Weekend Pitch!
 

M&A targets abound for insurtech

(siam.pukkato/Shutterstock)
After a series of blockbuster deals and acquisitions, insurtech is still ripe with potential M&A targets, according to PitchBook's Q1 2023 Insurtech Report. After the $2.6 billion public-to-private deal of Duck Creek Technologies by Vista Equity Partners, what could be next? Read about the figures, trends and attractive M&A targets in our latest report.
 

How important is your accelerator, anyway?

As an early-stage founder, one of the decisions that can really affect who invests in you is the accelerator you join. You're not just joining a cohort of other founders, but also an alumni network and a pool of investors.

But not all are created equal. Dive deep into the pros and cons of the five major players in our accelerator analyst note.
 

PE enters its middle-market era

Mega-funds with over $5 billion raised have dominated the PE performance charts for years, but now deal values are trending down while middle-market funds post higher IRRs and take up a larger share of PE fundraising than usual.

Our latest US PE Middle Market Report, sponsored by Antares Capital and Cherry Bekaert, addresses why and how midsized funds are outshining the rest.
 

Quote/Unquote
Federal Reserve Chairman Jerome Powell
(Drew Angerer/Getty Images)
"We have covered a lot of ground, and the full effects of our tightening have yet to be felt."

—Federal Reserve Chairman Jerome Powell at a press conference announcing that interest rates would remain unchanged.
 

Recommended Reads
After the collapse of crypto company Three Arrows Capital, the firm's founders, Kyle Davies and Su Zhu, went to Bali. [The New York Times]

As the AI industry booms, what toll will it take on the environment? [The Guardian]

Delian Asparouhov, a Peter Thiel protege, has been groomed for a top spot at Thiel's Founders Fund. With the firm's help, Asparouhov's own startup has also rocketed into the commercial space race. [The Information]
 

Stay tuned
Keep an eye out for these fresh insights and research reports coming out this week.
  • Q1 2023 Foodtech Report
  • Q1 2023 Digital Health Report
  • Q2 2023 Quantitative Perspectives: Private Equity
  • Analyst Note: VC Investment in Climate Tech
 

Trivia
Answer: D)

In Q1 2023, PitchBook recorded 115 deals within the insurtech vertical. Read more about those deals in our Q1 2023 Insurtech Report.

This edition of The Weekend Pitch was written by Andrew Woodman, Rosie Bradbury, Emily Burleson and Jacob Robbins. It was edited by Alec Davis and Laural Hobbes.

Were you forwarded The Weekend Pitch? Sign up at pitchbook.com/subscribe.
 
Ads
Since yesterday, the PitchBook Platform added:
90
People
43
Companies
See what our data software can do
 
Ads
 
About PitchBook | Terms of use | Advertise with us | Contact
Follow us: in twtr fb

This email was sent to you via the PitchBook Platform.

Do you want to change your email address, get a different edition or unsubscribe? Manage your subscription here.

© 2023 PitchBook. Win what's next. All rights reserved.

Key phrases

stable regulatory platform The Weekend Pitch great tech innovation decentralized finance sector

Older messages

For sale: Tiger's portfolio companies

Tuesday, June 20, 2023

Q&A: Pear VC on seed investing; fintech investors show preference for B2B; Europe's top 5 VC cities Read online | Don't want to receive these emails? Manage your subscription. Log in The

How VC can boost supply chain tech

Tuesday, June 13, 2023

Calpers leans into venture; VC bets on AI chips; a16z picks London for first non-US office Read online | Don't want to receive these emails? Manage your subscription. Log in The Daily Pitch: VC

How do top accelerators stack up?

Monday, June 12, 2023

Comparing fundraising across private market strategies; Europe's female founders snag bigger VC share; Pomelo bags $33M for maternal healthcare Read online | Don't want to receive these emails?

Are 'ESG investors' underperforming?

Monday, June 12, 2023

What the SEC suing Binance means for crypto investors; big GPs call the fundraising shots; UK's venture market flounders Read online | Don't want to receive these emails? Manage your

Sequoia cuts short global strategy

Monday, June 12, 2023

VCs forecast Europe's 2023 at SuperVenture conference; Top 5 US PE impact funds; PE stalls out for public alts managers Read online | Don't want to receive these emails? Manage your

You Might Also Like

Decrease in cart abandonment of 4-8%

Sunday, April 28, 2024

Today's hack Navigating to a separate page to see existing cart increases cart abandonment by 4-8% In one report, Movies Unlimited allowed its online shoppers to see their existing cart via a

Do we ever really leave home?

Saturday, April 27, 2024

Weekender #44 ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏

I tracked 16,573 websites through the March Core update

Saturday, April 27, 2024

Here's how they fared... ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

Play and Earn with Dimension X; Elixir Games Season Pass; The Machines Arena Open Beta; Worldshards dropping NFTs during early access; Life Beyond preview and more in Play to Earn Newsletter #225

Saturday, April 27, 2024

April 27, 2024 Play and Earn with Dimension X; Elixir Games Season Pass; The Machines Arena Open Beta; Worldshards dropping NFTs during early access; Life Beyond preview and more in Play to Earn

Tomorrow is the end of the line for you

Saturday, April 27, 2024

This streamlined, intuitive system that will revolutionize the way you build your business and do so quick as lightning View in browser ClickBank You've probably heard how ChatGPT's artificial

More Startups Have Fallen Out of Product-Market Fit

Saturday, April 27, 2024

Out of Product-Market Fit To view this email as a web page, click here saastr daily newsletter More and More SaaS Startups Have Fallen Out of Product-Market Fit By Jason Lemkin Thursday, April 25, 2024

Snowflake's Mission: Demolishing Data Limitations in the Era of Enterprise AI

Saturday, April 27, 2024

Unveiling the Tech Specs, Leadership Changes, Trends and Future Prospects ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

How PE cash flows have changed

Saturday, April 27, 2024

Also: Global M&A dealmaking on the mend after two years of decline; Our insights from Paris Blockchain Week; Emerging Space Brief: Quantum Sensing... Read online | Don't want to receive these

'Do Things That Show You Care'

Saturday, April 27, 2024

We spoke with former Siena College Basketball Head Coach and Daily Coach Network member Carmen Maciariello about the fast-evolving nature of the profession and the importance of paying back those who

Migrant labour marches into the line of fire

Saturday, April 27, 2024

Indian migrant workers have a long history of repression and poor treatment. In 2024, nothing has changed. ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏ ͏