Morpheus Ventures

We are thrilled to announce that @sidecarhealth has successfully closed a US$165 million Series D financing round! This marks the largest private investment in employer health benefits this year. We are excited to support Sidecar Health in its mission to revolutionize healthcare and provide a consumer-centric insurance model that saves employers and employees 20% on healthcare costs. #SidecarHealth #HealthcareInnovation #SeriesDFunding #SidecarHealth #PriceTransparency #ConsumerEmpowerment

We're live at Times Square NYC! Thank you to the team at @Nasdaq for helping us celebrate our integration partnership with @IBM Quantum. Together we're excited to be powering the #QuantumFuture 🚀 buff.ly/4a5fJ9d

Morpheus Space developed a space mission design platform so intuitive even I could use it tcrn.ch/40BoMuk via @techcrunch

Albo raises $19M Series A to scale Mexico’s largest neobank tcrn.ch/2PtyPxa by @annaescher

We are pleased to lead the US$4.7 million Series Seed financing round for Quoherent Inc., a pioneer in room-temperature, edge-capable quantum processors. The funds will accelerate the development of their "third-wave" solid-state quantum qubits, complementing support from a diverse customer base. Congratulations to Quoherent on this milestone, and welcome to the Morpheus family. businesswire.com/news/home/2023…

@DocuSign please urgently see case number 12029509

@friedberg @Jason classic!

@Jason you should stop tweeting about an event you are not running

Note: apologies, but there are no press tickets available for All In Summit.

@sidecarhealth @SharylAttkisson this is the company you are looking for….i’m happy to arrange an intro….

Can price transparency fix healthcare? We think so. At Sidecar Health, we’re doing our part: our members can keep the savings when they find providers who charge less than what their plan pays. twitter.com/HarvardBiz/sta…

@sidecarhealth @SharylAttkisson this is the company you are looking for….i’m happy to arrange an intro….

The Sidecar Health model helps members unlock cash-pay discounts. This recent John's Hopkins article sheds light on hospital pricing & how patients who pay cash can unlock significant healthcare expense savings #healthcare #hospitalpricing #transparency axios.com/2023/04/04/hos…

@sidecarhealth @SharylAttkisson this is the company you are looking for….i’m happy to arrange an intro….

Mental health care access is in crisis due to high out-of-pocket costs, limited in-network options, and provider shortages. Sidecar Health is changing the narrative. sidecarhealth.app.link/MentalHealth #Mentalhealthawarenessmonth #makingprogress #mentalhealthishealth

@BillAckman @SVB_Financial @jpmorgan @Citi Very accurate and well put.

The gov’t has about 48 hours to fix a-soon-to-be-irreversible mistake. By allowing @SVB_Financial to fail without protecting all depositors, the world has woken up to what an uninsured deposit is — an unsecured illiquid claim on a failed bank. Absent @jpmorgan @citi or @BankofAmerica acquiring SVB before the open on Monday, a prospect I believe to be unlikely, or the gov’t guaranteeing all of SVB’s deposits, the giant sucking sound you will hear will be the withdrawal of substantially all uninsured deposits from all but the ‘systemically important banks’ (SIBs). These funds will be transferred to the SIBs, US Treasury (UST) money market funds and short-term UST. There is already pressure to transfer cash to short-term UST and UST money market accounts due to the substantially higher yields available on risk-free UST vs. bank deposits. These withdrawals will drain liquidity from community, regional and other banks and begin the destruction of these important institutions. The increased demand for short-term UST will drive short rates lower complicating the @federalreserve’s efforts to raise rates to slow the economy. Already thousands of the fastest growing, most innovative venture-backed companies in the U.S. will begin to fail to make payroll next week. Had the gov’t stepped in on Friday to guarantee SVB’s deposits (in exchange for penny warrants which would have wiped out the substantial majority of its equity value) this could have been avoided and SVB’s 40-year franchise value could have been preserved and transferred to a new owner in exchange for an equity injection. We would have been open to participating. This approach would have minimized the risk of any gov’t losses, and created the potential for substantial profits from the rescue. Instead, I think it is now unlikely any buyer will emerge to acquire the failed bank. The gov’t’s approach has guaranteed that more risk will be concentrated in the SIBs at the expense of other banks, which itself creates more systemic risk. For those who make the case that depositors be damned as it would create moral hazard to save them, consider the feasibility of a world where each depositor must do their own credit assessment of the bank they choose to bank with. I am a pretty sophisticated financial analyst and I find most banks to be a black box despite the 1,000s of pages of @SECGov filings available on each bank. SVB’s senior management made a basic mistake. They invested short-term deposits in longer-term, fixed-rate assets. Thereafter short-term rates went up and a bank run ensued. Senior management screwed up and they should lose their jobs. The @FDICgov and OCC also screwed up. It is their job to monitor our banking system for risk and SVB should have been high on their watch list with more than $200B of assets and $170B of deposits from business borrowers in effectively the same industry. The FDIC’s and OCC’s failure to do their jobs should not be allowed to cause the destruction of 1,000s of our nation’s highest potential and highest growth businesses (and the resulting losses of 10s of 1,000s of jobs for some of our most talented younger generation) while also permanently impairing our community and regional banks’ access to low-cost deposits. This administration is particularly opposed to concentrations of power. Ironically, its approach to SVB’s failure guarantees duopolistic banking risk concentration in a handful of SIBs. My back-of-the envelope review of SVB’s balance sheet suggests that even in a liquidation, depositors should eventually get back about 98% of their deposits, but eventually is too long when you have payroll to meet next week. So even without assigning any franchise value to SVB, the cost of a gov’t guarantee of SVB deposits would be minimal. On the other hand, the unintended consequences of the gov’t’s failure to guarantee SVB deposits are vast and profound and need to be considered and addressed before Monday. Otherwise, watch out below.

@DavidSacks Where is Hank Paulson when we need him?

Where is Powell? Where is Yellen? Stop this crisis NOW. Announce that all depositors will be safe. Place SVB with a Top 4 bank. Do this before Monday open or there will be contagion and the crisis will spread.

@Morpheus please DM me or email joe@morpheus.com - thank you.

We’re very excited to announce that we raised $28M in our Series A funding round led by Alpine Space Ventures and Morpheus Ventures along with our existing Investors, Vsquared Ventures, Lavrock Ventures, Airbus Ventures, In-Q-Tel, Pallas Advisors, and Techstars

@theallinpod @chamath @altcap thanks guys. always a good listen.

high-quality versions of two charts mentioned in E101, courtesy of @chamath & @altcap listen here: apple.co/3gvo3ro

How VeriSIM Life CEO, Dr. Jo Varshney built her career with the help of martial arts practice. Read what she has to say here: msnbc.com/know-your-valu… via @msnbc

Congrats to @rigetti listing on @Nasdaq today! @ChadRigetti @tjnaidu and the rest of the team are building an amazing company! $RGTI

Finally got around to issuing that press release and announcing the final closing of our $200m Fund II. prnewswire.com/news-releases/…

Make grand plans a reality with SafetyCulture in your court. #InYourCourt #SafetyCulture #WorkplaceOperations