The Crescent Newsletter #12

Shared digital ownership, NFTs in the music industry, and more

Pushing forward

*ICYMI, here's last week’s issue.

Good morning everyone, and welcome to this week’s edition of the Crescent Newsletter.

Here’s what we have in store:

• Partner Highlight on Koop, a startup focusing on shared digital ownership

• NFTs entering the music industry

• Fresh slate of career opportunities

Sincerely,

The Crescent Team

*If you’re a student building something cool, want to join Crescent, or just want to chat, reach out to us at ops@crescentfund.vc.

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Crescent Partner Highlight

On shared digital ownership

The marketplace of NFTs and digital tokens are seen as individual purchasable assets. However, the up-and-coming startup Koop, founded by USC students Natalia Murillo and Conner Chyung, is hoping to make that process a shared experience.

Instead of having one person own an NFT, Koop would enable collective buying and use of NFTs — friends can pool money to purchase NFTs and have shared ownership. Beyond NFTs, Koop is looking to expand to digital tokens and toolings for DAOs.

This week, Crescent partner Cam Glynn gives a rundown of Koop and its place in Web3 communities moving forward.

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The Southern Californian Tech Landscape

• Sydney-based company LinkTree reaches unicorn status with a valuation of $1.3 billion after raising $110 million, just one year after opening their very first office in Los Angeles. LinkTree plans to continue growing its roots in SoCal by expanding its LA team.

• Santa Barbara has proven itself to be the rising hub for cybersecurity, with two Santa Barbara based startups —Theta Lake and MixMode— reaching Series B funding rounds after raising respectively $50 million and $45 million.

• Bored Ape NFT’s are entering the music industry! WME, a Los Angeles based talent agency just signed a duo of two apes from the Bored Ape Yacht Club under the names of “ETHan and zeETH.” The apes have already dropped their first single titled “Jungle” and have plans to drop more music and host live performances in the near future.

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Career Opportunities

Software Dev + Engineering:

1. Coco (Full-time)

2. The Trade Desk (Full-time)

3. MobilityWare (Internship)

4. Motional (Internship)

Marketing + Content:

1. Advertise Purple (Full-time)

2. Jaanuu (Full-time)

3. OKTY (Internship)

4. Pardon Inc. (Internship)

Product:

1. mPulse Mobile (Full-time)

2. Tinder (Full-time)

3. Golden Hippo (Internship)

4. VidMob (Internship)

VC

1. Agoda (Full-time)

2. StackCommerce (Internship)

3. BlackLine (Internship)

*If you’re interested in helping out Southern California student founders through advising or becoming an LP feel free to reach out to ops@crescentfund.vc.

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Thanks for reading this week’s newsletter. Stay tuned for more.

Signing off,

Crescent Fund