May you make your mark in the world like a tiger in 2022!  I channeled my inner designer and created this Lunar New Year image =) 



Here's some great reads for this week:

• 100X Unicorn: The world’s most valuable private company is Bytedance (from China) and is now valued at $140B! Bytedance and SpaceX are the only two companies achieving the “hectocorn” status, with valuations of $100B+. Another 46 companies boast decacorn ($10B+) valuations. Read the full unicorn list by CBInsights. 
• Startup valuation - Startup investors like Tiger Global are starting to cut startup valuations amid Facebook historic stock rout and Paypal stock tumbles. Worst time may be the best time for early stage investors?
• Wormhole - Wormhole had been "exploited" for 120,000 ETH this past week. Jump Trading, main contributor to Wormhole decided to restore more than $320 million after it was hit with one of the largest crypto heists on record. 
• China - Despite COVID travel restrictions, 1.18 billion trips will be made nationwide in China during the 2022 spring festival holidays. Amazing video showing traveler-packed Shanghai Railway Station. This is the world's largest annual human migration called "chunyun".
• Venture Capital - I was featured on the brand new Knowledge Surfing 知識衝浪 podcast.  It was super fun catching up with my friend Tina Cheng with Cherubic Ventures.  We talked about #Web2 vs #Web3 investing, #Solana, #FTX, #WebSummit #HongKong, etc.  Check it out.  

This week a total of 25 startups raised $817.3M in funding, 2 M&As:

• $283M goes to 8 Enterprise startups
• $100M goes to 2 FinTech startups
• $109M goes to 1 Crypto startup
• $26M goes to 1 HR startup
• $25M goes to 1 InsurTech startup
• $13.5M goes to 1 EdTech startup
• $50M goes to 1 Real Estate startup
• $3M goes to 1 Marketplace startup
• $30M goes to 1 Food and Beverage startup
• $37M goes to 1 FoodTech startup
• $11.8M goes to 1 Food Delivery startup
• $75M goes to 1 Fitness startup
• $4M goes to 1 Gaming startup
• $3M goes to 1 Fashion startup
• $18M goes to 1 Hardware startup
• $26M goes to 1 Healthcare startup
• $3M goes to 1 Other startup