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NYC's Rally Museum redefines the museum experience, Global Venture Funding Leveled In May, and Secondaries in LP Stakes

Social Leverage Letter | Issue #94

Author

Ethan Berk
June 18, 2023

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Global venture funding leveled off in May 2023 at $22 billion, up slightly from April but down 44% from May 2022. The funding setback has impacted all three funding stages, with each stage down between 41% and 48% in a year-over-year comparison. Despite large funding rounds for AI startups, investor interest in the technology wasn't strong enough to change the overall picture.

Global Venture Funding Leveled In May 2023 Despite Big AI Raises

For the past two months, global venture funding has leveled off as investors continue to pare their funding pace.

Rally (Fund III), a collectable asset investing platform, has opened its first physical space in SoHo, Manhattan. The space, called Rally Museum, is located at 446 Broadway. The museum will feature a rotating selection of collectables that are available for investment on Rally, as well as educational programming about investing in alternatives.

Own a piece of history: NYC's Rally Museum redefines museum experience

At The Rally Museum, visitors have the opportunity walk out with equity in every single item on display.

Crossbeam (SLAF I) co-founder, Ali Hamed, discusses the complex and evolving area of venture capital that is the secondaries market. Secondaries can be a way for LPs to exit their investments early, but they’re not without risks, such as the potential for fraud and the lack of liquidity.

Secondaries in LP Stakes

I’ve been asked a lot about trading LP-interest secondaries recently. Most LPs need liquidity, and while a lot of venture companies have recently been over-valued, there is a point of view that secondaries are trading so cheap that it makes up for the inflated marks.

LISTENING

Avlok Kohli, AngelList CEO: AI and Dual Threat CEOs

Listen to this episode from World of DaaS on Spotify. Avlok Kohli is the CEO of AngelList and the founder of FastBite and Fairy…

Brooker Belcourt, Covey.io Founder, discusses building Covey Legends and his time at Goldman, Coatue, and Citadel (EP.258)

Listen to this episode from Panic with Friends - Howard Lindzon on Spotify. On this week of Panic with Friends, I speak with Brooker Belcourt, founder of Covey…

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