The Ledger
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A VC Manager Marked OpenSea at $13B in 2023
“The bad one, I mean, this one forever stands out, was we underwrote a manager in in twenty-twenty-three that was holding OpenSea at thirteen billion, which, like, I, that one was like.”
Devin Finzer: OpenSea volume jumped from $350M to $3.4B in one month
“There's a similar inflection point from like July to August of this year, where we went from about three hundred fifty million to 3.4 billion dollars of transaction volume.”
OpenSea raised $423M total, reaching a $13.3B valuation in latest round
“To date, Devin has raised over four hundred and twenty three million dollars for the company, with their last three hundred million dollar round valuing OpenSea at a reported 13.3 billion dollars.”
Devin Finzer: OpenSea volume grew from $8M to $160M in three months
“So I think in January, we did about eight million dollars of transaction volume. In February, we did ninety five million in transaction volume. And then in March, it was like one hundred and sixty million.”
OpenSea and Clubhouse Founders Both Originated From Pinterest
“Two out of three founders, OpenSea founder and Clubhouse founder all came from Pinterest, and a huge chunk of our team is actually now from Pinterest.”