Connect with us

Venture Capital

EA remakes FIFA 20 esports schedule without in-person events

Avatar

Published

on

Electronic Arts (EA) has revised its plans for esports events related to its EA Sports FIFA 20 soccer game. The Fédération Internationale de Football Association (FIFA) hit 25 million players in the quarter ended March 31, and EA saw some increase from the pandemic. But the esports season for physical events has been disrupted, and EA is acknowledging that impact today.

EA and FIFA have announced an evolved and larger EA Sports FIFA 20 esports ecosystem, with new competitions and returning football league tournaments, as well as online tournaments to replace now-canceled physical events — such as the EA Sports 20 Global Series — including the FIFA eWorld Cup.

A new schedule

EA previously created the EA Sports FIFA Stay and Play Cup, which aired to millions in more than 100 countries, and saw unprecedented viewership across EA Sports FIFA content from last year, with 260% growth.

The EA Sports FIFA 20 Summer Cup Series is made up of six online regional tournaments that invite top players from across Europe, Asia, South America, Oceania, North America, and Middle East-Africa. The total prize pool created for the Summer Cup Series is $228,000, with the tournaments running from July 17 to August 9.

VB Transform 2020 Online – July 15-17. Join leading AI executives: Register for the free livestream.

EA's Stay and Play Cup for FIFA 20.

Above: EA’s Stay and Play Cup for FIFA 20.

Image Credit: EA

Brent Koning, EA Sports FIFA competitive gaming commissioner, said in a statement that fan engagement with competitive events over the past few months has gone way up. He said partnerships with the top football leagues have resulted in over 100 hours of TV broadcasts alone and that EA is now offering players and viewers more competitions to play and watch.

No more physical events

Koning added that replacing in-person tournaments was unavoidable, as the company has to prioritize player safety.

Many of the world’s top football leagues, including Bundesliga, LaLiga, Ligue 1, MLS, and more, are resuming EA Sports FIFA 20 esports events under revised formats. Fans can also tune into the UEFA eChampions League, which will transition to a special one-off online invitational event in mid-August.

Tournaments that will not proceed in the wake of current events include the EA Sports FIFA 20 FUT Champions Cup Stage VI, FIFA eNations Cup 2020, EA Sports FIFA 20 Global Series Playoffs, and the FIFA eWorld Cup 2020. These tournaments require global, in-person events and could not be executed online.

EA will still award $200,000 in prizes for those qualified to FUT Champions Cup Stage VI and another $700,000 based on EA Sports FIFA 20 Global Series Rankings as of March 3, 2020.

Source: http://feedproxy.google.com/~r/venturebeat/SZYF/~3/SY-SE8AT1K8/

AI

Australian FinTech company profile #122 – Unhedged

Avatar

Published

on

1. Company Name: Unhedged

2. Website: www.unhedged.com.au

3. Key Staff & Titles: Peter Bakker – Founder & CEO, Mike Cohen – Co-Founder & COO, Glen VanBavinckhove – CTO, Jeremy Beasley – Growth, Jeremy Machet – Growth, and 6 others who are building like crazy

4. Location(s): Melbourne and Sydney

5. In one sentence, what does your fintech do?: Unhedged uses AI to deliver algorithmic returns to the everyday investor

6. How / why did you start your fintech company?: Being an Algotrader and working with rich people I got annoyed that these advanced tools were not available to my friends. When I looked up the returns of robo-investors I got really annoyed and thought: there must be a better way

7. What is the best thing your company has achieved or learnt along the way (this can include awards, capital raising etc)?: Raised 500K in 3 days which was faster then I ever raised before.

8. What’s some advice you’d give to an aspiring start-up?: Watch your cashflow: companies die of lack of cash, not lack of ideas

9. What’s next for your company? And are you looking to expand overseas or stay focussed on Australia?: Lauchinh the fund in April/May, a crowd fund raise in June and launching the retail product in July….

10. What other fintechs or companies do you admire?: Finserv (most stable earnings and growth), Blackrock: amazing money machine. Ellevest: a narrow target markets that works. CacheInvest: fundmanager as a service

11. What’s the most interesting or funniest moment that’s happened in your company’s lifetime?:
An investor transferring 100K without any documentation nor live fund (we returned the cash). We are still wondering how he knew where to transfer to.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://australianfintech.com.au/australian-fintech-company-profile-122-unhedged/

Continue Reading

Techcrunch

These three investors think founders need some TLC (Collective funds)

Avatar

Published

on

Venture capital is a networks business — from networks of founders to the web of investors and angels and gossamer threads of potential customers, talent, and service providers. The density of those networks determines success: find just the right person to fit a role or a slot on a cap table, and a startup might just get a bit more lift.

It’s a topic that Casey Caruso has thought a lot about. In a research project at Stanford, she looked at a slightly different form of network density: using convolution neural network (CNN) models to evaluate investment decisions, working with a group of three other authors to analyze how to optimize VC using algorithms. It’s a cross-over point she’s familiar with, building upon a technical background and an engineering role at Google while also part-time investing with Bessemer.

While at a dinner at San Francisco’s northern Italian restaurant SPQR in Lower Pac Heights, she talked about investing with friends Lauren Stephanian, now a principal at blockchain-focused Pantera Capital, and Terri Burns, a partner at GV. They realized that much like how all roads lead to Rome, all three were on paths heading for the same direction: using technology to improve venture decision-making. “We are all computer scientists by training,” Caruso said. “Because of that fundamental training, we all approach problems pretty pragmatically.”

The three began collaborating outside of their day jobs on how to integrate AI better into the earliest stages of venture, identifying features from models while also being open to the qualitative nature of the business. Then, they decided to more formally build a compact around investing in 2019, creating TLC Collective (their combined initials) as a base to invest from.

Investing using their own combined capital, TLC writes angel and pre-seed checks into companies built by technical founders. So far, the group has invested in 11 companies, including data discovery platform Select Star (which I profiled a couple of weeks ago), audio breakout app Clubhouse, biology data platform Watershed, remote work manager Friday, cryptocurrency risk compliance platform TRM and a variety of others.

While their investments span sectors, the thread holding them all together is the technical chops of the founders. “We invest in very technical teams because we are very technical and that is our first qualifier,” Caruso said. Stephanian meanwhile emphasized that while technical talent is a key benchmark, the trio can diverge on areas of focus. “Despite having a similar background, we all have different interests and skillsets,” she said. They noted that Burns focuses on consumer, Stephanian on fintech, enterprise and crypto, and Caruso on frontier tech.

So far, the group remains a “side gig” for the three, and they are continuing to iterate on their underlying algorithm. “We go back and forth between using the actual algorithm versus just using it as a framework or reference,” Caruso explained. “We are finding a balance between the art and the science by applying our programming background.”

The collective’s pace has been roughly an investment per quarter, a bandwidth that the group said they are likely to continue for the time being. They continue to invest their own capital, and they don’t feel pressure to expand into new models like rolling funds or crowdfunding — at least, not yet. “We haven’t even considered doing a rolling fund,” Caruso said, although noted that the group is part of On Deck Angels. Stephanian said that the competition today in that space is keen. “I have gotten so many messages from people who are raising their own syndicates,” she said.

The firm’s checks range from the tens of thousands to the hundreds of thousands of dollars per investment.

Like the networks powering their AI models and the networks they are building among their founders, TLC Collective has built a triangle of connections amidst its investors. As those connections expand out, the hope for the group is that they are able to expand the data data to optimize their models while also investing in the best technical founders growing new businesses.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/04/19/these-three-investors-think-founders-need-some-tlc-collective-funds/

Continue Reading

Crunchbase

European VC soars in Q1

Avatar

Published

on

A stunning first quarter in venture capital funding was not restricted to the United States; Europe also had one hell of a start to the year.

According to data from Dealroom and Crunchbase News, an investor, and an analyst from PitchBook, European startups put together an impressive fundraising haul. The venture capital world kicked off its 2021 European investing cycle with enough activity to set the continent on the path that would crush yearly records.


The Exchange explores startups, markets and money. 

Read it every morning on Extra Crunch or get The Exchange newsletter every Saturday.


Inside the data, there’s lots to unpack, including which sectors of European startups stood out in terms of capital raised, rising seed and late-stage deals, and dollar volume. We’ll also need to discuss exits — the Deliveroo IPO and its various woes was not the only transaction from the period worth understanding.

As with our prior looks at AI startup fundraising and the United States’ own blistering start to the year, we’ll lean on multiple sources to ensure that we have a wide lens. And we’ll keep in mind that all venture capital data lags reality somewhat, as many deals from a particular period are not disclosed or discovered until long after they actually occurred.

In this case, it makes the numbers all the more impressive. Let’s get into the data.

The big numbers

Dealroom was first out of the gate, reporting that European startups had a record quarter in Q1 2021 back when April just got started. Its preliminary results for the first quarter indicated that startups on the continent raised €16.6 billion, or $19.9 billion at today’s exchange rates.

That total was not only a record, but what Dealroom described as double the results of Q1 2020. While we’ve become slightly inured in recent months to the venture capital market’s rapid pace and capital-rich environment, it’s worth considering for a moment, as the first quarter of last year ended, how few of us would have guessed that just a year later — as COVID-19 still harms public health and disrupts life and business — we’d see numbers like this.

The Dealroom data, however, was not all records. Round volume by the group’s estimates was down from the year-ago period, if slightly better than the last few quarters. The general move toward the later-stage and larger-round venture capital market is alive and well in Europe.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/04/19/european-vc-soars-in-q1/

Continue Reading

Real Estate

Knox Financial raises $10M to take the pain out of being a landlord

Avatar

Published

on

We’ve all heard the phrase “passive income” to describe how people can make money by owning rental properties. Many Americans would love to passively earn money, but the process of becoming a landlord can be intimidating and complicated. 

I mean, how many people have looked back and wished they hadn’t sold a property after seeing its value rise years after selling it?

And those who are already landlords can get overwhelmed by the complexities of managing properties.

One startup out of Boston, Knox Financial, aims to help people identify and manage residential rentals with its algorithm-based platform, and it’s raised a $10 million Series A to help it further that goal. Boston-based G20 Ventures led the round, which included participation from Greycroft, Pillar VC, 2LVC, and Gaingels.  

The investment brings Knox’s total raised since its inception in 2018 to $14.7 million. The company closed on a $3 million seed round in January 2020, led by Greycroft.

Knox co-founder and CEO David Friedman is no stranger to startups. He founded Boston Logic – an integrated marketing platform and online marketing services for real estate offices and agents – in 2004. He sold that company (now under the name Propertybase) to Providence Equity for an undisclosed amount in 2016.

Knox launched its platform in March of 2019, with the goal of offering homeowners who are ready to move “a completely hands-off way” of converting a home they’re moving out of into an investment property. It also claims to help landlords more easily and efficiently manage their rentals.

At the time of its seed round early last year, the company was only operating in the Boston market and had 50 units on its platform. It’s now operating in seven states, has “hundreds” of investment properties on its platform and is overseeing a portfolio of more than $100 million.

So how does it work? Once a property is enrolled on Knox’s “Frictionless Ownership Platform,” the company automates and oversees the property’s finances and taxes, insurance, leasing and legal, tenant and property care, banking and bill pay.

Knox also has developed a rental pricing and projection model for calculating the investment rate of return a property will produce over time.

Image Credits: Knox Financial

“We save investors a lot and almost always make their portfolios more profitable,” Friedman said. “If someone is moving or upsizing, we can turn properties into incredible ROI generators or cash flow.”

The company’s revenue model is simple.

When a dollar of rent moves through our system, we keep a dime,” Friedman told TechCrunch. “We align our interests with our customers. If there’s no rent coming in, we’re not making money. Or if a tenant doesn’t pay rent, we don’t make money.”

Knox plans to use its new capital to continue expanding geographically and getting the word out to more people.

“We want to become the de facto platform for real estate investment acquisition and ownership,” Friedman said. “And we have to be coast to coast to really do that for everybody. So, we’re still very early in our growth trajectory.”

Bob Hower, co-founder and partner of G20 Ventures, shared that weeks after his college graduation, he had bought a fixer upper with his mother’s help. A week after finishing renovations, he put the house on the market. Over the subsequent 5 months, he gradually reduced the price as the market softened, and eventually the property sold at a small profit.

“That house now is worth a multiple of what I paid for it,” Hower recalls. “In hindsight, the mistake I made was deciding to sell the house at all.”

That experience helped Hower appreciate what he describes as a “clarity of thinking” in Knox’s business model.

“Had Knox existed decades ago, I’d likely still have that fixer-upper I bought after college,” he said. “Investing platforms such as Betterment have collapsed multiple advising and optimization activities into a simple single-sign-on service, and Knox is the first company to apply this type model to residential real estate investing.”

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://techcrunch.com/2021/04/19/knox-financial-raises-10m-to-take-the-pain-out-of-being-a-landlord/

Continue Reading
Esports5 days ago

Free Fire World Series APK Download for Android

Esports3 days ago

C9 White Keiti Blackmail Scandal Explains Sudden Dismissal

Esports3 days ago

Overwatch League 2021 Day 1 Recap

Esports5 days ago

Dota 2: Top Mid Heroes of Patch 7.29

Esports3 days ago

Fortnite: Epic Vaults Rocket Launchers, Cuddlefish & Explosive Bows From Competitive

Esports4 days ago

Don’t Miss Out on the Rogue Energy x Esports Talk Giveaway!

Esports3 days ago

Gamers Club and Riot Games Organize Women’s Valorant Circuit in Latin America

Esports4 days ago

Fortnite: DreamHack Cash Cup Extra Europe & NA East Results

Blockchain4 days ago

CoinSmart Appoints Joe Tosti as Chief Compliance Officer

Blockchain5 days ago

Bitfinex-Hacker versenden BTC im Wert von 750 Millionen USD

Blockchain4 days ago

April Continuum Blockchain Legislation Summit ContinuumBlockLegs

Blockchain3 days ago

15. BNB Burn: Binance zerstört Coins im Wert von 600 Mio. USD

Fintech5 days ago

Zip Co raises $400 million for international expansion

Esports4 days ago

2021 Call of Duty Mobile World Championship Announced

Esports4 days ago

Position 5 Faceless Void is making waves in North American Dota 2 pubs after patch 7.29

Fintech4 days ago

Mambu research reveals global consumers are hesitant to use Open Banking

Esports5 days ago

COD Mobile Season 3 Tokyo Escape

Esports5 days ago

Fortnite: Mero Joins FNCS-Winning Teammates On ENDLESS

Esports3 days ago

LoL gameplay design director pulled, transferred to Riot’s MMO

Blockchain5 days ago

Ethereum in Blockchain Software Development

Trending