Posted In:

Culture, web3

Hiring: Chief Of Vibes


Jul 09, 2022


Roxy Horrie

Posted In:

Culture, web3


Jul 09, 2022


Roxy Horrie


Have you seen a job posting for a “Chief of Vibes” position yet? Apparently, they are becoming more common for Web 3.0 startups. For Web 2.0 companies, corporate culture and customer experience are mostly distinct functions that face internally vs. externally. But in Web 3.0, those lines are blurring.

The Chief of Vibes not only manages internal company communications and meetings, but also external-facing channels like Twitter and collaborations. Sometimes, these activities can be one and the same - for example, running a Discord channel where community members directly participate in NFT minting decisions. Importantly, the Chief of Vibes needs to understand the voice of the community, and share messages in a sincere yet careful manner.

Strategically, companies that are able to build a strong and healthy community in a bear market should be better positioned to grow into a recovery, and that’s what many Chiefs of Vibes are working towards. Managing social media campaigns, announcements and other marketing work can also be part of the job, as brand image overlaps heavily with ‘vibes’.

As Web 3.0 companies continue to build towards a new set of standards, norms and cultures, we’d expect there to be new roles and responsibilities that didn’t exist in Web 2.0. In the meantime, good vibes only.

Hiring: Chief Of Vibes

Portfolio News

Software company morphs into personal injury firm - Mighty, a software company that serves personal injury practices, is launching its own law firm, offering what it says is a better option to the usual plaintiffs bar fee structure. The firm launched with seven lawyers in the three states (Connecticut, Georgia and Texas), with plans to expand. Mighty Law's lawyers will work both from its offices in those states and remotely. Mighty, which has 60 employees, will continue to operate its software side as a business supervised by the law firm. Read more

Meta veteran David Fischer makes a move into venture capital - Shortly after his departure from Meta, around Thanksgiving 2021, conversations were already underway about Fischer joining the board of the Singapore-founded venture capital firm and international startup studio Antler. While Fischer is still sorting out exactly what his board position will look like, he hopes to advise startup founders as they build their businesses—relying on his experience at both Facebook, and previously, vice president of global online sales and operations at Google. Read more

Hiring: Chief Of Vibes

Meet the Web 3.0 firms dropping corporate culture managers for 'directors of vibes' - Dig into the depths of crypto Twitter, or more specifically NFT twitter, and a trend is emerging. More and more projects are hiring directors and chiefs of vibes. It's a new take on the classic roles that focus on corporate culture and customer experience. Director of vibes merges the two, while upping the ante for a perpetually online Web 3.0 audience. Read more

Industry News

Crypto exchange FTX has "a few billion" to support industry - Sam Bankman-Fried, head of one of the largest cryptocurrency exchanges, FTX, said he and his company still have a "few billion" on hand to shore up struggling firms that could further destabilize the digital asset industry, but that the worst of the liquidity crunch has likely passed. Bankman-Fried has become crypto's white knight in recent weeks, throwing lifelines to digital asset platforms which have faltered as cryptocurrencies prices have cratered. Read more

Fidelity to open direct indexing to the masses - Asset manager Fidelity plans to roll out a direct indexing tool in the US that will require investment of as little as $1 per stock, in a significant move to open up the concept to small investors. The direct indexing concept, which allows investors to create bespoke portfolios tailored to their personal preferences, is widely seen as a long-term threat to traditional pooled vehicles such as mutual and exchange traded funds. Read more

Troubled payments startup Bolt reaches settlement in customer suit - Authentic Brands Group has settled its lawsuit against Bolt Financial - the agreement ends months of legal wrangling between the troubled payments startup and its largest active customer, which had claimed that Bolt’s technology was faulty. ABG was awarded an undisclosed stake in Bolt and the companies will continue to work together, with Bolt’s technology powering online checkouts for ABG brands Forever 21 and Lucky Brand. ABG also said it will explore using Bolt’s software for other brands. Read more

Voyager Digital commences financial restructuring process to maximize value for all stakeholders - Last week, Voyager Digital suspended all trading, deposits and withdrawals from its platform, citing market conditions and a notice of default it issued 3AC. The firm said that, through the reorganization plan, customers with crypto in their accounts would receive some combination of crypto, common shares in the newly reorganized Company, Voyager tokens, and proceeds of funds recovered from 3AC. Customers with USD deposits would receive access to those funds after a reconciliation and fraud prevention process. Read more

Toronto-Dominion Bank explores takeover of US brokerage Cowen - A transaction would extend the reach of Toronto-Dominion’s investment banking arm, TD Securities, deeper into equity and debt offerings as well as research. Toronto-Dominion, one of Canada’s biggest lenders, has been aggressively looking to grow via acquisitions, agreeing to buy First Horizon in February for about $13.4b. Read more

Crypto lender Nexo offers to buy embattled rival Vauld as market consolidates - Nexo said Tuesday it had signed a term sheet with Vauld giving it 60 days of exclusive talks to explore an all-equity acquisition of the company. If successful, Nexo said it plans to restructure the company and pursue an expansion in Southeast Asia and India. Vauld on Monday paused operations and said it was exploring restructuring options due to “financial challenges” posed by a sharp plunge in cryptocurrencies. Read more

Revolut takes on Square, PayPal in UK with POS reader - Revolut announced this week the launch of Revolut Reader, a pocket-sized card reader designed to let merchants accept payments in person and on the go. Launching in the U.K., Revolut Reader offers instant and secure transactions for debit and credit cards, along with contactless payment methods. Read more

EToro SPAC deal for public listing canceled as transaction becomes 'impracticable' - When first agreed, the merger was set to form a combined entity worth $10.4b, reflecting an implied enterprise value for eToro of about $9.6b. However, the closing conditions agreed upon when the merger was proposed in March last year have not been met, the companies said, rendering the transaction impractical. Read more

Amazon pins hopes on influencers to crack livestream shopping market - The group has been increasing investment in Amazon Live, a platform it quietly launched in 2019 but is now a central focus as it fights to grab a slice of a growing market that is viewed as the future of shopping by social media platforms. Amazon’s goal is to establish itself as the main destination for live online shopping, ahead of competing efforts from YouTube, Instagram and TikTok, but also a host of smaller start-ups backed by prominent venture capital firms, such as Andreessen Horowitz-backed WhatNot. Read more

Select Financings

Adaptive - New York based construction back-office software startup raised $6.5m in Seed funding led by a16z. Read more

BKN301 - San Marino based banking as a service startup raised €15m in Series A funding led by Abalone Group. Read more

Coalition - San Francisco based digital and executive risk insurance company raised $250m in additional Series F funding from investors including Allianz X, Valor Equity Partners, Kinetic Partners. Read more

Finalis - San Francisco based private investment banking deals platform raised $10.7m in Seed funding from ANIMO Ventures. Read more

Finli - Los Angeles based mobile payments startup raised $6m in Seed funding led by Urban Innovation Fund. Read more

Griffin - London based banking as a service startup raised £12.5m in new funding led by Notion Capital. Read more

HomeLister - California based online home selling platform raised $10m in Series A funding led by M13 and Homebrew. Read more

Konsileo - London based commercial insurance broker and risk management advisor raised £4.7m in Series A funding led by Committed Capital and ACF Investors. Read more

Lucinity - Iceland based banking compliance startup raised $17m in Series B funding led by Keen Venture Partners. Read more

MarketWolf - Singapore based stock trading app raised $10m in Series A funding led by Jungle Ventures and Dream Capital. Read more

Ondo Finance - New York based DeFi startup that provides structured investment products raised $10m in funding via public token sale. Read more

Orus - Paris based insurance startup raised €5m in Seed funding from investors including Frst, Partech and Portage Ventures. Read more

Oxbury Bank - UK based neobank focused on the agriculture sector raised £20m in new funding led by Frontier Agriculture. Read more

Ranger - New York based provider of tools for insurance brokers raised $5.25m in Seed funding led by Lerer Hippeau Ventures. Read more

Raylo - London based subscription payment platform raised £6.5m in Series A funding from Wayra UK. Read more

Rubix - Singapore based “green” Layer 1 blockchain startup raised $100m in growth funding led by LDA Capital. Read more

Supy - UAE based restaurant payments startup raised $8m in Seed funding led by BECO Capital. Read more

Tenderize - Belgium based staking derivatives protocol raised $3m in Seed funding led by Eden Block. Read more

Tesorio - San Francisco based accounts receivable management startup raised $17m in Series B funding led by BAMCAP Ventures. Read more

Thalex - Gibraltar based crypto derivatives exchange raised €7.5m in Series A funding led by Bitfinex. Read more

UnDosTres - Mexico City based digital payments company raised $30m in Series B funding led by IDC Ventures. Read more

Xelix - London based accounts payable solution raised $5m in Series A funding led by Fintop Capital. Read more

YAP - UAE based neobank raised $41m in Seed funding led by Aljazira Capital. Read more

YuLife - London based life insurance startup focused on wellness raised $120m in Series C funding led by Dai-ichi Life Insurance Co. Read more


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