McLain Southworth

235 posts

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McLain Southworth

McLain Southworth

@McLain

Managing Partner @Haven_VC.

Palo Alto, CA Katılım Şubat 2009
673 Takip Edilen673 Takipçiler
McLain Southworth
McLain Southworth@McLain·
Very excited for Gameto, and especially proud of my wife @ksimm for leading this round, all while giving birth to our beautiful new daughter. Such a badass team (@DinaRadenkovic @martinvars) and an amazing group of investors backing them (@FutureJurvetson @FutureSaenko).
Steve Jurvetson@FutureJurvetson

Go Gameto Go! 🐣 Strong concluding line in Bloomberg today: "The company has the potential to drive the biggest transformation in women’s health since the birth control pill" Excerpts: "Gameto Inc., a biotech company working on stem-cell therapies for women’s health, has raised $44 million in venture capital to help fund a clinical trial for its product that aims to improve the egg-freezing experience. The technique, which uses stem cells that have been engineered into ovarian support cells, is intended to free patients from the grueling two weeks of injections that prompt ovaries to make enough eggs during fertility treatment. In a Phase 3 trial, patients are only given three days of injections, after which their eggs are extracted and matured by the engineered cells. “The patient journey hasn’t really changed for 50 years,” Gameto co-founder and Chief Executive Officer Dina Radenkovic Turner said in an interview. In vitro fertilization patients often have to go through multiple rounds of egg freezing, during which the twice-daily injections can lead to intense hormonal side-effects such as nausea, headaches, mood swings and fatigue. Still, “modern medicine has always had a tendency to undermine — and not for bad reasons — non-life-threatening side effects,” said Radenkovic Turner, who is also a doctor. Five babies have already been born in Mexico and Peru using eggs that went through the Fertilo process. Gameto’s solution evolves an already accepted medical technique, known as in-vitro maturation, that is sometimes used for people who don’t respond well to IVF or can’t take the drugs. IVM is not as common because it isn’t as likely to grow eggs that can produce a baby. But the company says early data shows that adding engineered cells into the mix, as Gameto does, makes the procedure much more effective. Radenkovic Turner said she sees Fertilo as a way to give every woman the equivalent of a “young ovary” to grow their eggs in, and might counter the natural tendency of a woman’s body to make just one mature egg per cycle. “Even if you’re taking the most conservative scenario, you’re still talking about a multibillion-dollar revenue opportunity” over time, she said. While the US trial is ongoing until late 2026, the treatment is already available to patients in Mexico, Peru and Australia, and has been cleared by regulators in nine more countries, the company said. Gameto is working on other applications for the engineered support cells, which it says may also be helpful in treating symptoms of menopause and maintaining ovarian health. It has another program, called Ameno, to address that market. Kristina Simmons, who led Gameto’s latest funding round at Overwater Ventures, expects the company to dramatically open up opportunities for women who want to freeze their eggs, or live longer without the effects of menopause. As human fertility is further damaged by man-made chemicals and pesticides, Simmons said, the need for therapies like Gameto’s will increase. The company has the “potential to drive the biggest transformation in women’s health since the birth control pill,” she said." From Bloomberg today: bloomberg.com/news/articles/… FD: Future Ventures led Gameto's Series A

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David Ulevitch 🇺🇸
I've never once in my life been able to join a Teams meeting from the Teams app on mac os.... browser works fine. Is this just me?
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Noir x
Noir x@JimRoge5555·
@McLain @unpopularvc Just remember that the original idea of taxes started in a similar way. Then greatly expanded to where we are today. Don't trust that only "those rich people" are going to end up being taxed.
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Peter Livingston
Peter Livingston@unpopularvc·
Here's an illustration of how destructive a 25% tax on unrealized capital gains would be, *taking into account all of the nuances in the actual proposal.* Let's say a founder takes their company public, and their personal stake is $100M. Then, over the next 5 years, each year they double the value of their company, which in turn doubles their personal stake. With the existing tax laws, in year 5, their personal stake would be worth $3.2B. If they sold everything then and paid a 25% tax, they would have $2.4B left over. $100M -> $200 -> $400 -> $800 -> $1.6B -> $3.2B *75% = $2.4B But if they have to give up 25% of the gains each year (as it would be in the proposed tax law), at year 5 they will have only $1.2B. $100M -> $75 -> $150 -> $131 -> $263 -> $230 -> $459 -> $401 -> $804 -> $703 -> $1.4B -> $1.2B. The government takes an additional *half* of this entrepreneur's shares. This is not a "25% tax." It is literally the government taking away most of this founder's ownership in their company.
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Ole Lehmann
Ole Lehmann@itsolelehmann·
Fast food was disappointing. I was so excited to try American fast food after watching tons of YouTube reviews. But man, In-N-Out was such a letdown. The fries tasted like cardboard, and the whole experience was just meh. I give it a 2/10.
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Ole Lehmann
Ole Lehmann@itsolelehmann·
I'm European. I recently visited the USA for the first time since 2018, hitting up Las Vegas and New York City. What I witnessed left me stunned. 15 American oddities I still can't wrap my head around:
Ole Lehmann tweet media
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McLain Southworth
McLain Southworth@McLain·
@GayBearRes @junkbondanalyst I think these percentages are based on the number of interviewers who have experienced these things, not the percentage of interviewees who have done them. For example, 160 of 800 interviewers said they've witnessed that, but that could have been one interviewee out of 1,000
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Harry Stebbings
Harry Stebbings@HarryStebbings·
I am booking new guests for 20VC. Who should I have on the show? I want people who don’t do the podcast tour, who haven’t been on 10 already and have something unique and different to say. Tag them below and I call you out in the show to thank you. X, work your magic.
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McLain Southworth
McLain Southworth@McLain·
Excited to be part of the journey with @VoltaCircuit!
ThePMDesk | Prediction Markets@ThePMDesk

Volta Raises $4.1 Million in Seed Funding For Institutional Platform Volta(@VoltaCircuit) has raised $4.1 million in seed funding to develop a crypto platform for institutional investors. According to a press release shared with Cryptonews, the funding round was led by Fika Ventures(@fikavc) and Haven Ventures. Other participants included Soma Capital, Dispersion Capital, and Uphonest Capital. Volta Circuit’s Comprehensive Features This investment aims to support the multi-signature, non-custodial platform Volta Circuit that targets enhanced speed, security, and compliance for its users. To address scalability, security, and performance, the platform stated that it would integrate smart contract wallets, incorporating direct on-chain enforcement of governance and policy controls. The architecture would provide expansion capabilities through a multi-signature wallet that facilitates authorized, single-signature transactions. This feature allows traders to execute and manage transactions rapidly, ensuring direct control and ownership of assets without reliance on third-party key management. In addition, Volta Circuit supports open signature standards, making it compatible with any wallet. This interoperability enables the customization and permission settings, improving wallet configuration flexibility. “Volta Circuit is the new standard for a straightforward and safe way to work with digital assets,” said Volta co-founder and CEO George Melika(@gmelika). “We’re solving the key problems faced by investors by ensuring security, speed, and full ownership.” “Volta Circuit is the only solution that gives institutions direct control of a fast, secure, scalable, and customizable infrastructure to build and scale digital asset businesses and trading operations without the limitations or costs of a centralized platform,” stated Melika. Growing DeFi Market and Institutional Demand The release included projections that the decentralized finance market is expected to reach $446 billion by 2030, with the market capitalization for on-chain tokenization anticipated to hit $16 trillion. Despite these positive forecasts, the release noted that institutional investors still harbor concerns about the security, transfer, and management of these assets. “The finance industry is undergoing a paradigm shift towards digitizing real-world assets and adopting distributed architectures, prompting traditional institutions to seek greater control over their assets,” said Haven Ventures co-founder McLain Southworth(@McLain). Source: CryptoNews

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McLain Southworth
McLain Southworth@McLain·
Thank you @iampaulgrewal for being there! We had an amazing time co-hosting Converge ABQ in Albuquerque this week. Amazing things happening in New Mexico, so stay tuned. @haven_vc @OrangeDAOxyz @tigerhillDC @coinbase @JoeGuzel #convergeabq
Paul Grewal@iampaulgrewal

There’s lots happening in DC today at the @coinbase Update the System Summit. But we never ignore the states, and today I’m in New Mexico at #convergeabq. Policymakers and builders in the Southwest have so much to offer to the conversation.

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Ian Tien
Ian Tien@iantien·
I’m at a steakhouse dinner chatting with a surgeon who only orders medium-well cooked food. Rare-cooked reminds her too much of work. 👀
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McLain Southworth
McLain Southworth@McLain·
@mljmljmlj @ksimm This is such a stupid comment. Somehow organizing a workout means she's not helping with any of the other needs of a founder? Not sure how you came to that conclusion just based on this. Unnecessarily critical.
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Mary Lou Jepsen, PhD
Mary Lou Jepsen, PhD@mljmljmlj·
@ksimm @dogpound @OverwaterVC cute... but.. huh? I expect something else from my VC... that I also really need... tough love / honesty is probably a better give. really.
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Kristina Simmons
Kristina Simmons@ksimm·
Founder bootcamp, check! @dogpound x @OverwaterVC: started the day with a tough workout with trainer, Erika Wilson, and founders we work with. Smashing our fitness goals one session at a time!
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McLain Southworth
McLain Southworth@McLain·
@jhong @MITengineer @Basti My understanding is that because they announced a capital raise the CEO is pretty limited in what he is allowed to say as a public company
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Bastian Lehmann 🇺🇸
We have around $20M with SVB. I have not initiated a wire today but one is scheduled for tomorrow morning. My hope is SVB puts out a strong line of communication coming directly from Greg Becker - that will allow us to change our sentiment. It's not a good look that he is not here on on Twitter and it is not a good look that the bank has been so passive in their comms. The big lesson here is to be present. Be involved in crisis comms and be available. I had a minor question about my Model X order and @elonmusk replied within 8mins. Be like Elon and be out there with the rest of us.
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Erica Brescia
Erica Brescia@ericabrescia·
100%. VCs are causing this unnecessarily. Shame on those of you who are fueling the fire whether than helping to quell it. I also believe Greg and team's message. Working to pull together a group to help put a stop to this. If you're interested, ping me.
Mark Suster@msuster

1/ More in the VC community need to speak out publicly to quell the panic about @SVB_Financial ... I believe their CEO when he says they are solvent and not in violation of any banking ratios & goal was to raise & strengthen balance sheet

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Marc Andreessen 🇺🇸
It happened again, I got a pitch for a new startup with the same name as another company -- which failed -- from 20 years ago. I physically flinched.
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