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Nothing to See Here
Nothingverse
By Keith Teare • Issue #280 • View online
This week Facebook announced the NothingVerse (read it, you’ll see) whereas Sequoia Capital fundamentally changed their organization and venture capital forever. What a contrast.
Contents
- NothingVerse
- The End of Venture Capital? Sequoia is no longer Sequoia
- The Rise of the Seed Asset Class
- Best of the Rest
- Startup of the Week
- Tweet of the Week
Editorial
I wish I could have found a picture of Mark Zuckerberg naked because I do believe that the emperor has no clothes this morning as I write this editorial. Instead, I have placed the image of Zuckerberg inside an empty MetaVerse. Alone with his logo. That seems apt for what was announced yesterday. I didn’t count how many times he said it, but a recurring sentence was “of course this is a ways out”. He was talking about real innovation not yet in place that will be required to build his vision. And he was talking decades not years. He was honest about that. Yet, yet, he changed the company name to Meta, and put his assets — Facebook, Instagram, Whatsapp, and so on — under the Meta brand.
