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- Social Leverage Letter | Issue #49
Social Leverage Letter | Issue #49
Web3 Pick-and-Shovel Play, Building Brand, and Unlocking Human Performance
Pete Weishaupt
August 07, 2022
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UPFRONT
Social Leverage Acquisition Corp ($SLAC) has entered into a definitive business combination agreement with W3BCLOUD Holdings Inc.
The transaction accelerates investment in W3BCLOUD and drives further adoption by the blockchain developer community and reinforces their position as a leading Web3 infrastructure provider. W3BCLOUD’s flexible architecture is designed to scale with Web3’s explosive growth and is supported by leading-edge hardware and software expertise from AMD and ConsenSys.
“With its proprietary architecture, experienced management team, and large market opportunity, W3BCLOUD is well positioned as the ‘picks and shovels’ play to leverage the secular shift to a decentralized Internet,” said Howard Lindzon, CEO of SLAC. “The key to building world class companies is having a management team with passion, vision and deep domain experience, which perfectly describes this team. Sami and his team have already proven their ability to execute in an emerging and dynamic market. We are eager to help W3BCLOUD continue to execute on this vision and build the next great technology company.”
The transaction, which has been unanimously approved by the boards of directors of W3BCLOUD and SLAC, is expected to close in the fourth quarter of 2022,
READING
Building brands takes a lot of effort, is difficult, and customers don’t care. It takes valuable time, energy and money away building your business. So why bother? The answer is because, while customers may not consciously notice brands, their behaviors are subconsciously influenced by them.
WHAT ELSE WE'RE READING
Here's a few other stories that caught our eye over the past week.
Understanding Startup Funding Rounds
3 ways to optimize SaaS sales in a downturn
Crunchbase’s Web3 Tracker: Follow The Startups, Investors And Tech Powering The Next Generation Of The Internet
LISTENING
Will Ahmed founded WHOOP a decade ago, right after graduating from Harvard. It's his first company, and his first full-time job. WHOOP tracks and measures strain, recovery, and sleep. The brand is well received by pro athletes like LeBron James, Michael Phelps and over half of the PGA Tour. Will walks Howard through the ups and downs of building a wearable technology company.
RELATED
DEAL FLOW
The latest venture funding from around the globe:
Concert Bio lands pre-seed round to fix hydroponic farming's 'dirty secret'
Fintech startup MakersHub raises $4.5M seed round
Dragonfly Capital Completes $3.5M Seed Round Funding For Debt DAO
Mudafy raises $10M in Founders Fund-led Series A to fix LatAm's 'broken' real estate process
CRYPTO CORNER
News on Crypto/web3:
Web3 Development Remains Strong Despite Crypto Downturn
Introducing The World's First Web3 Winery, Membership Club, Driven By Community
Starbucks Teases Web3 Updates to Its Popular Rewards Program
3 Things You Need To Know About Blockchain Gaming
Blockchain security firm warns against new MetaMask phishing scam
JOB BOARD
Explore openings at our portfolio companies:
Featured Jobs:
Check out all of our portfolio companies at Social Leverage.
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Affiliate Disclosure: Social Leverage Group, LLC ("SLG"), Social Leverage Capital Fund I, LP ("SLC"), Social Leverage Capital Fund II, LP ("SLCII"), Social Leverage Capital Fund III, LP ("SLCIII") and Social Leverage Capital Fund IV, LP ("SLCIV") are all distinct entities from Social Leverage, LLC ("SL"). Social Leverage is not a registered investment advisor. SLC, SLCII, SLCIII, SLCIV, SLG and SL have used the logo and branding of Social Leverage with the permission of Social Leverage Group, LLC.