Sequoia has split, what about other investors?

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Hi there!

When I was younger, my family’s dinner table was a hub of lively discussions and a source of daily news. We would delve into global affairs and explore the forces shaping our world. One topic that consistently fuelled our conversations was the intricate dance between the US and China.

Now, those very discussions have come alive. In our first big story, my colleague Collin analyzes the US-China trade war and its impact on the venture capital and private equity (PE) scene.

The Biden administration’s upcoming rules restricting investment in China have sent shockwaves through the industry.

Sequoia Capital made headlines last month by splitting its business into three separate entities—a move indicative of the challenges posed by the trade war. And they’re not alone.

Many other VC firms and limited partners have scaled back or halted their investments in China as restrictions tighten.

To provide you with further insights, we’ve compiled a handy list of specific VC and PE firms that have investments in both the US and China.

Speaking about families, our family is getting bigger. The On the Rise newsletter is going to expand its coverage to incorporate crypto content moving forward, looking into the world of digital currencies. We’ll also have short analyses in our new crypto segment, Token Issue.

For our second big story this week, my colleague Scott dives into the Monetary Authority of Singapore’s recently released whitepaper on purpose-bound money, which is not your run-of-the-mill cryptocurrency. It represents a new breed of digital asset, where central bank digital currencies, tokenized bank liabilities, and well-regulated stablecoins take center stage.

And that’s not all! In this week’s AI Odyssey, I explore an AI system with the ability to perform tasks without human intervention. For Token Issue, Scott takes a look at the significance of BlackRock’s move to make Bitcoin trading legal in the US.

But first, the Big Stories.

— Deepti

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THE BIG STORIES

1️⃣ Tech investors caught in the US-China trade war

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AI ODYSSEY

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TOKEN ISSUE

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NEWS YOU SHOULD KNOW

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FYI

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