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Avalanche VC: August 2022 Update
Alternative Education, PennGSE Event, GitPOAP and Zest Capital Raise
Welcome to the inaugural Avalanche Ecosystem newsletter.
We hope to use this newsletter to keep in touch with our community of investors, founders, and friends.
-Katelyn, Dalglish, & Eric
News from the portfolio
Distributed Finance (FKA Kontinous) announced their seed round led by Borderless Capital. We invested last year in their pre-seed. Distributed Finance will now become the holding company for Zest Capital, a DAO management tool within Algorand and Rand Gallery, an Algorand NFT marketplace that Distributed recently acquired. Here is the write up in The Block.
Tribute refreshed its product and is participating in Engage’s GTM Accelerator.
The Social Institute launched a big product update. They will be in 145 new schools and cover 36 states this fall - and they aren’t done growing yet!
AVC team out and around
Katelyn & Dalglish caught up with Brek Goin, CEO of Hammr last month. Hammr is building an online professional community dedicated to construction trades. Brek is a co-host of Bred to Build, a podcast that shares real industry insights to help people learn the ropes, avoid mistakes, and gain new knowledge to navigate a career in construction.
Eric rocked LA Tech week. Below is Eric (in peach) at the Arkive (decentralized museum) event meeting with arts, culture and crypto innovators and entrepreneurs
Our Online Writing
Obviously The Future
We had a busy month writing and publishing a few blog posts through our Obviously The Future newsletter.
Dalglish has published a series of blogs for his coaching practice including two widely circulated publications giving advice to East Asians on how to break through the “Bamboo Ceiling.” Read Part one and Part two.
Eric Scott Says
Eric wrote about three thoughts this week here. He explores the implications of GPT-3 and discusses his recent angel investment in Verci, which is attacking the `Access to Opportunities` and `Personal Transformation` for would-be college consumers.
Coming up in September:
Katelyn will be giving the keynote for Penn’s Graduate School of Education.
Here is the registration link.
What we’ve been reading:
Why the Learning Styles myth spreads. Here.
Literacy is a trillion-dollar opportunity. A Gallup study shows that low levels of adult literacy could be costing the U.S. as much as $2.2 trillion a year. Here.
Investing in innovation. Podcast episode of Better Careers, Better Lives, with one of our favorite investors, Laura McCoolidge. Here.
Why the career of the future needs a portfolio approach. Here.
State of the Global Workplace. Report from Gallup. Here.
Shared company ownership may be the missing path to the American dream. Here.
America’s $7 Trillion Retirement Crisis Is Only Getting Worse. Here.
In Venture, the dollars returned matter, not the MOIC (Multiple on Invested Capital). Twitter thread here.
VC Termsheet Quiz from Pitchbook. Here.
When are you Pitch-Ready? Consumer Social metrics here.
Thank you for reading. See you next month!