Sofia Rossato

AUM up over 400% this year. This $5 billion isn't our money, of course. It's our clients. Amidst so many options, we're grateful to investors choosing to entrust us to manage it and work every day to earn that trust — and have for seven years. Bitwise is 85 people now. It's an incredible group. Why do we all chose to work in this space, vs somewhere else [that's easier]? We believe Bitcoin & public blockchains are one of the most important contributions to humanity underway now. New apolitical monetary assets. Incorruptible applications. Permissionless platforms. We think these things are important — on a historic scale — and will make the 21st century better than the last. We're motivated to help more people understand, to help clients safely participate in the opportunity, and to be a good actor supporting the ecosystem developing into its potential. We're proud and grateful for the trust this $5 billion milestone represents. It enables us to contribute more. We've never been more focused and excited about the work ahead. Thank you again to our clients, partners, and friends. Cheers to what's to come —

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I couldn't be more excited to have Luis Berruga — Managing Partner at LBS Capital & former CEO of Global X — joining Bitwise as an advisor. Very few have accomplished what Luis has. Luis helped build a large firm from scratch in the 21st century. At Global X, Luis served as CEO for several years, scaling from $8B to over $40B AUM. They pioneered a new category of investment opportunities: thematic. And they had to do the work of helping investors build understanding that new category. At Bitwise, we're attempting to do much of the same, now with Bitcoin & crypto. We want Bitwise to be a firm investors can rely on for decades. As we cross $5B in AUM, grateful to have him advising us.

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KNOW YOUR REAL BUSINESS ECONOMICS • GAAP Revenue • Cash Flow • Cash • Contribution Margin • CAC • CAC Payback FUNDRAISING: PRESENT & SUBSTANTIATE FINANCIALS • Investor needs to know what your forecasts are • They need to believe them David Weiden, Khosla Ventures

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Check out this survey from our friends TSIA

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Great analysis of the acquisition of Teampay by Serra Ventures Portco Paystand and how together they will transform the B2B payments system. https://lnkd.in/gqRCESE9

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What are the 5 elements of Apollo.io's product-led growth motion that helped build their $1.6 billion business? Leandra Fishman goes into detail in this episode of Game Changers by Sequel.io 👇 1️⃣ 𝗧𝗲𝗮𝗺 𝗞𝗣𝗜𝘀 𝘁𝗵𝗮𝘁 𝗿𝗲𝗳𝗹𝗲𝗰𝘁 𝗰𝗼𝗺𝗽𝗮𝗻𝘆 𝗴𝗼𝗮𝗹𝘀 2️⃣ 𝗥𝗲𝘁𝗵𝗶𝗻𝗸 𝗰𝗼𝗺𝗽𝗲𝗻𝘀𝗮𝘁𝗶𝗼𝗻: driving product adoption is linked to compensation 3️⃣ 𝗗𝗶𝘃𝗲𝗿𝘀𝗶𝗳𝘆 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝗰𝗮𝘁𝗶𝗼𝗻: video, live chat, webinars, etc. 4️⃣ 𝗠𝘂𝗹𝘁𝗶𝘁𝗵𝗿𝗲𝗮𝗱𝗶𝗻𝗴 𝗶𝘀 𝗮 𝗺𝘂𝘀𝘁: increase the # of stakeholders involved in purchase decisions 5️⃣ 𝗜𝗻𝘃𝗲𝘀𝘁 𝗶𝗻 𝗰𝗼𝗹𝗹𝗮𝗯𝗼𝗿𝗮𝘁𝗶𝗼𝗻: communication, messaging, lead scoring https://lnkd.in/gRStVtzb

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🚀 Scaling New Heights: Cribl's Strategic Growth 🚀 In a remarkable stride within the competitive market of data infrastructure, San Francisco-based startup Cribl has recently clinched a substantial $319 million in its latest Series E funding. This momentous investment spearheaded by GV (Alphabet’s venture arm) pushes Cribl to a towering valuation of $3.5 billion. 🌟 🔍 Here's Why This Matters for Startups and Small Businesses: 🔹 Innovation and Expansion: Cribl's trajectory illuminates the potent impact of innovative solutions in data management amidst an ever-expanding corporate data environment. 🔹 Significant Growth Potential: With the company boasting an impressive portfolio including 25% of the Fortune 500, the journey reflects significant growth potential and scalability that startups can aspire to. 🔹 Strategic Partnerships: The involvement of heavyweight investors like GV and others underscores the importance of strategic partnerships in accelerating business growth. Key Takeaways: - 🌐 Adapting advanced data solutions is crucial in leveraging the voluminous data generated today. - 📈 Embrace growth by seeking impactful investments and forming strategic partnerships. - 🚀 Aim for scalability by continuously innovating and expanding your solution offerings. Stay updated, engage with current trends, and continuously seek to innovate. The path Cribl is carving out highlights the robust possibilities within tech and data management sectors. For a deeper dive into Cribl’s funding news: https://lnkd.in/gQhmrYUK #DataManagement #StartupGrowth #Innovation This post was generated by an AI. Please contact us for more information.

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Catch up on Adam Robinson's journey on The Force & Friction Podcast as he discusses scaling a SaaS company from $20M towards $50M ARR. Watch the full episode here: https://bit.ly/3YzjaBH "It’s a game of different rules at each stage". #ForceAndFrictionPodcast #RevOpsLife #GTM #SaaS #B2BGrowth #EntrepreneurJourney #ScalingUp

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Due to the wide acceptance of #AI trends in numerous industries, it might seem as though everyone in the #corporate world collectively agrees that artificial intelligence is the best way forward — but even in these exclusive spaces, #digitization is more of a fraught topic than you’d expect. According to National Mortgage News, generative AI is raising many questions and concerns, especially from #mortgage professionals. According to research from Arizent, mortgage professionals are way more hesitant to engage in AI platforms or implement AI into their workplace. Some major causes for concern are a “loss of #personal touch,” concerns over job loss, and potential erosion of #individual thought, #ethics, and human #skills that come with relying on convenience. As predicted by many industry leaders, AI has far too many advantages for it to be ignored completely — so how do we reach a compromise with these mortgage professionals? Is it possible for their jobs to co-exist with AI technology, and consumers can opt for “human” quality services as a speciality service? What does this say about other industries that have quickly latched onto AI?

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Great time on the Embracing Erosion podcast w/Devon O'Rourke! We talked about: 🚀 How to scale a company from concept to 9-figure exit 🔄 How to break away from the traditional consulting model and apply product approaches ⏩ Why it’s important to iterate quickly and often with messaging 💸📈What signals are important to pay attention to when investing in startups and much more!

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That's why it's often very difficult to recognize new leaders – their ideas go beyond the conventional frameworks we're accustomed to. Keep your mind open. Don't let yesterday's templates define your future. #Leadership, #Innovation, #OpenMind, #FutureThinking, #venturethinking,   https://lnkd.in/eASPGsuu

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Glenmede Joins SUBSCRIBE to Digitally Transform and Centralize Alternative Investment Workflows #esubdocs We are proud to announce that The Glenmede Trust Company, N.A. (“Glenmede”), one of the nation’s leading investment and wealth management firms, overseeing $45.5 billion of assets under management, has joined SUBSCRIBE to enable digital onboarding and subscription document workflows for their clients who invest in private market funds. The implementation will help the firm consolidate alternative investment products, processes, and data onto a robust alts operating system. “Glenmede’s commitment to digitalization of our private markets program is significant, and this partnership is a testament to our strategic vision to provide our clients with unparalleled efficiency,” said Brian Smeddy, CFP®, Director of Investment Management Solutions at Glenmede. “Through the integration of SUBSCRIBE, we aim to redefine industry workflow standards and empower our clients with enhanced capabilities to navigate the operational complexities of private funds with ease.” “The SUBSCRIBE operating system for alternative investments reduces the manual burden of managing an institutional private markets program,” said Rafay Farooqui, Founder and CEO of SUBSCRIBE. “Since 2015, our state-of-the-art technology has been an industry leader helping organizations digitally transform and gain control over their alternative investments. We are further excited by the growing adoption of our unified alternative investments solution within the Bank & Trust segment of the industry.” Read More: https://lnkd.in/en9ppp3p Alexander L. Woodson #alternativeinvestments #wealthmanagement #financialadvisors #OCIO #digitaltransformation #fintech #privatemarkets #privateequity #bankandtrusts

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Kennet Partners raises its biggest fund yet at $1.4B, committed to investing in bootstrapped SaaS companies, emphasizing scalability and highgrowth margins. This move underscores the rising interest in the SaaS sector. #KennetPartners #SaaS #InvestmentFund

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Tech companies are feeling the heat in the post-ZIRP era, as high-interest rates push investors to prioritize profitability over speculative growth. Gone are the days of 'growth at all costs'—now, the focus is on reducing spend, cutting high-cost acquisition tactics, and doubling down on existing customers. But with SaaS markets increasingly commoditized and transactional, is customer loyalty a thing of the past? Explore why getting closer to your customers could be your company’s best path forward. Check the comments for link to full article for insights into navigating this new reality. 👇 #customersuccess #nrr #saas #postzirp #gtmstrategy

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🚀 Venture debt covenants might sound like a small part of the deal, but they carry huge implications for your startup’s future. 📈 You need to be strategic in your negotiations to avoid any pitfalls down the road. It’s all about setting yourself up for success, not stress. Dive into more details in the original Kruze Consulting post. The link is in the 1st comment. 👇

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Rolling into another day of the Primary Summit. Hit me up if we should connect onsite. Kudos to the Primary Ventures team so far, as yesterday’s Pre-Seed Summit was on point. Mar Hershenson, Benjamin Sun, Chris Douvos, Zach Weinberg, and Graham Pingree all dropping helpful nuggets for fund managers. Some paraphrased highlights: - Chris Douvos (AHOY Capital) - Most fund decks are terrible. Start with your people (not your strategy) and know you have about 6 slides of his attention. - Zach Weinberg (Curie.Bio ) - beleives SF’s AI talent is a significant advantage over NY, wouldn’t build AI in NY. Also questions if VC exits can keep up with VC expansion (generally hilarious and smart Twitter follow) - Mar Hershenson (Pear VC) - VC is so much more competitive now. It’s not enough to be an ex-founder with a great network and domain expertise. Have a better “why you are different” or do something else! - Benjamin Sun (Primary Venture Partners)- still sees arbitrage in going long NY venture (vs. SF). Do the work to keep various influential networking nodes aware of what you’re doing and how you think.

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Venture Capital 101: Your Gateway to High-Risk, High-Return Investments - Welcome to our blog post on venture capital! For aspiring investors looking to step into the world of high-risk, high-return investments, venture capital offers an exciting gateway. In this article, we'll explore the fundamentals of venture capital, its potential rewards, as well as key considerations for those interested in this dynamic investment landscape. Venture capital refers to the funding provided to early-stage, high-potential, and growth companies in exchange for equity ownership. Through venture capital, investors can engage with innovative startups and emerging businesses, playing a pivotal role in fueling their growth and success. It's a space characterized by risk, but also one that promises substantial rewards for those willing to embrace the journey. One of the most striking aspects of venture capital is the potential for massive returns. Successful investments in the right startups can yield exponential gains, making it an appealing option for those with an appetite for risk and a keen eye for spotting disruptive innovation. However, it's essential for investors to approach venture capital with a thorough understanding of the inherent risks and the necessity for strategic decision-making. Furthermore, venture capital offers the opportunity to be part of groundbreaking innovations and disruptive technologies that can shape the future. The ability to contribute to the growth and success of dynamic, forward-thinking companies is a compelling aspect that draws many investors to venture capital. While the potential for high returns and involvement in cutting-edge ventures make venture capital an attractive prospect, it's crucial to acknowledge the associated risks. Startups, by their nature, face a high risk of failure, and not all ventures will deliver the anticipated returns. Understanding the investment landscape, maintaining a diversified portfolio, and conducting thorough due diligence are essential practices for navigating the world of venture capital. As with any investment endeavor, venture capital demands a strategic approach and a willingness to embrace the uncertainties that come with investing in early-stage ventures. For those seeking to engage in this dynamic space, recognizing the potential for high-risk, high-return investments is just the beginning. With careful consideration and a thoughtful approach, venture capital can serve as a compelling gateway to a world of innovation and significant investment opportunities. May 02, 2024 at 04:33PM

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The Fed Ninjas are back with a new episode! Join Maurice Matsumori and Eric for part 2 of our discussion with Jasen Meece , CIO of Clutch Solutions In this episode, we continue discussions of how AI has accelerated the pace of change and the need for academia and commerce to collaborate to address its impact on market competition and trends. We also explore the importance of continuous experimentation and adaptation to remain competitive in the ever-changing tech landscape. Jasen shares insights on the challenges of the AI market and highlights the significance of cultivating an innovative culture within teams. Listen to this episode of The Fed Ninjas on Spotify or Apple Podcasts to gain valuable insights on the future of AI and how it will democratize technological advancement. #AI #innovation #tech #podcast

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