The 305 Dividend

Inflation is clearly the theme of the week and crypto investors (namely Bitcoiners) have benefited from the "inflation hedge" play. Speaking of Bitcoin, Miami's Mayor stays innovating by offering Miami citizens Bitcoin dividends from the staking of its "MiamiCoin". Not a bad deal tbh.

By Litquidity Capital Nov 12, 2021

Together with

Happy Friday,

Inflation is clearly the theme of the week and crypto investors (namely Bitcoiners) have benefited from the "inflation hedge" play. Speaking of Bitcoin, Miami's Mayor stays innovating by offering Miami citizens Bitcoin dividends from the staking of its "MiamiCoin". Not a bad deal tbh.

Reminder: we are giving away tickets to "the Biggest Game in the NFL". If you have an incredibly wild story on the job (good or bad), now's your chance to tell all (anonymously ofc) for some free tickets. Click here for details

Have a great weekend y'all.

Before The Bell

As of 11/11/2021 market close.

Markets

  • The Nasdaq and S&P 500 edged slightly higher to end the day yesterday, with the Dow closing slightly in the red, dragged down by Disney’s post-earnings slide
  • While this week’s October inflation report is the highest rate we’ve seen since 1990, investors remain slightly optimistic looking in 2022 with wage increases likely to increase with the price level, softening the blow

Earnings

  • Disney slid 6%+ after reporting slowing subscriber growth for Disney+ and that their price increases couldn’t quite counteract rising commodity costs for their Parks business (CNBC)
  • What we’re watching today: AstraZeneca
  • Full calendar here

Headline Roundup

  • China’s elite hand Xi Jinping a key victory, paving the way for his indefinite rule (BBG)
  • US doctors fear patients at risk as cost cuts follow private equity deals (FT)
  • Miami to give “Bitcoin Yield” from MiamiCoin to its citizens (CD)
  • LA-bound ships will have to wait farther out at sea from the busy port (150 miles away vs. 23 miles now) (BBG)
  • Belarus threatens to cut gas transit to EU as migrant crisis escalates (FT)
  • AQR hedge fund parts with 5 top managers and closes struggling division (FT)
  • Alibaba takes in ~$85B in orders in toned-down Singles Day sales event (RT)
  • Companies order record number of robots amid labor shortage (WSJ)
  • Universal Music Group, the world’s largest record company, is creating an NFT super group (BBG)
  • Ex-MoviePass CEO to test a second act for the failed subscription service (WSJ)

A Message From Miso Robotics

Final week to invest in Miso Robotics – the robotics and AI solutions transforming the $273B food service industry

Miso Robotics’ autonomous robot kitchen assistants perform tasks such as grilling and frying alongside chefs in commercial kitchens. These bots are currently working with 10 of the top 25 brands in the QSR industry, with dozens of pilot programs underway. 

Miso just announced its latest partnership with Inspire Brands, parent company of Buffalo Wild Wings, called Flippy Wings. This robotic frying solution is forecasted to increase food production speeds by 10-20%. 

The last day to invest in Miso’s robot cooks is November 18. Grab your bite right here.

Deal Flow

M&A

  • Millicom, a telecoms company which sells mobile and broadband services in LatAm and Afrida, will buy out its venture partner, Miffin Associates, in Guatemala and take full control of its operations in a $2.2B deal (FT)
  • Canadian railway services provider Cando Rail & Terminals is exploring a sale at a potential $800M valuation (BBG)
  • A consortium led by French utility company Engie agreed to buy Spanish renewable power producer (BBG)
  • India’s petroleum ministry has asked state-run explorer Oil and Natural Gas Corp to consider selling a 60% stake in its two major oil & gas fields to private companies to boost output (RT)
  • Czech billionaire Daniel Kretinsky agreed to buy a 27% stake in English soccer club West Ham United for $201M (BBG)
  • Spotify agreed to buy US-based audio tech company Findaway to boost its audiobooks business (RT)
  • New energy storage firm GES agreed to buy oil terminal assets in Rotterdam from commodities firm Gunvor to redevelop into a “state-of-the-art” low-carbon products terminal (RT)
  • General Mills is eyeing a spin-off of its Progresso Soup and Hamburger Helper brands for a combined ~$3B valuation (BBG)

VC

  • GoTo, the company formed by the merger of ride-hailing company Gojek and e-commerce firm PT Tokopedia, raised $1.3B+ in a pre IPO funding round including Abu Dhabi Investment Authority, Avanda Investment Management, Fidelity International, and Google (BBG)
  • Applied Intuition, a developer of software tools for car manufactures, raised a $175M Series D at a $3.6B valuation led by Elad Gil, Addition, and Coatue (PRN)
  • Zenwork, a digital tax compliance and regulatory reporting platform, raised $163M in financing led by Spectrum Equity (YHOO
  • Mexico fintech firm Stori raised a $125M Series C led by GGV Capital as well as $75M in debt financing (PRN)
  • Pendo, a SaaS startup, raised $110M in financing from Thoma Bravo (PRN)
  • Wrapbook, a provider of tech to the entertainment industry, raised a $100M Series B led by Tiger Global (BW)
  • Alt, a collectible card trading platform, raised a $75M Series B led by Spearhead (TC)
  • Cloud provider CoreWeave raised a $50M round led by Magnetar Capital (PRN)
  • Clinical-stage biotech startup Shasqi raised a $50M Series B from investors including Juan Jaen (President of Arcus Biosciences) (Yahoo)
  • Ometria, a customer marketing platform, raised a $40M Series C led by InfraVia Growth (TC)
  • Proptech startup Houm raised a $35M Series A led by Goodwater Capital (TC)
  • Hive, an e-commerce logistics platform, raised $34M in financing led by Tiger Global (TC)
  • Atomic, an investing API for fintech firms and banks, raised a $25M Series A led by QED Investors and Anthemis (BW)
  • Lendtable, a fintech startup focused on 401k and employee stock purchase plan benefits, raised an $18M Series A led by O1 Advisors (BI)
  • Puls Technologies, an on-demand home repair service, raised $15M in financing led by Hanaco Venture Capital (TC)
  • CloudQuery an open source cloud infrastructure visibility too raised a $3.5M seed round led by Boldstart Ventures (TC)
  • Oja, an online marketplace for ethnic goods, raised a $3.4M pre-seed round led by LocalGlobal (TC)
  • Low code insurance platform Root raised a $3M seed round led by Invenfin, Base Capital, and others (TC
  • Framework, an on demand business school for startups, raised a $2M seed round led by LearnStart (TC)

IPO / Direct Listings / Issuances / Block Trades

  • Canadian satellite operator Telesat filed for an IPO ahead of the development of a $5B network of low-earth orbit satellites (BBG)

Exec's Picks

  • Last call for 15% off our merch store with code "thx15". Offer valid through this Sunday.
  • In the market for new smart casual shoes? Amberjack's advanced dress shoes are finally back in stock after selling out 6x in the last 6 months. Ranked by Rolling Stone as the #1 Best Overall Dress Shoes in 2021, they're geared for that comfortable dress casual vibe. Check 'em out here

The Hiring Block

If you're looking to break into finance, lateral, or move out, check out our job board, where we curate highly relevant roles for you. We've got 80+ jobs spanning IB, S&T, VC, tech, private equity, DeFi, CorpDev and more. We sift through all the noise on LinkedIn, Indeed, Monster, etc. so you don't have to.

If you're looking to hire candidates and want to post a job, all you have to do is hit "+ Post a Job" on the top right of the job board.

Candidates: We've also partnered up with Portal Jobs for a more hands-on approach to matching talent with relevant jobs. Fill out the form here and we'll get to work on placing you in a relevant gig.

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