To investors, Today we are announcing a brand new business, Inflection Points Inc, that has been in stealth since the beginning of 2021. I co-founded the business with Colton Sakamoto and it has grown into one of the key pieces of infrastructure across the bitcoin and crypto industry. Below is more information about the business, our mission, and why we are coming out of stealth. Inflection Points, Inc has quietly built the #1 corporate training and employment business in the bitcoin and crypto industry over the last 18 months. The business is coming out of stealth today and announcing a recent fundraise of $12.6 million from some of the best technology investors in the world. Investors in the round include Thiel Capital, Fifth Down Capital, XYZ Fund, Rose Park Advisors, Blockchange, Third Prime, former Palantir CFO Colin Anderson, Eight Sleep CEO Matteo Franceschetti, former Allergan CEO Brent Saunders, and real estate mogul Marc Roberts. Fifth Down Capital’s Andrew Spellman is joining the Board of Directors. Inflection Points, Inc, has been profitable since inception and raised outside capital only after it hit seven-figures in revenue. The founders of the business, Anthony Pompliano and Colton Sakamoto, are focused on building a durable business that can thrive over the long term. The MissionOne of the most pressing issues around the world is that global debt-to-GDP continues to rise at an alarming rate. The unsustainable debt levels force central banks to devalue their currencies, which in turn, punishes the billions of people who hold no investable assets. If you analyze this situation from first principles, there are two potential solutions to the problem:
The first potential solution is being addressed by bitcoin. The open-source, decentralized, digital currency is non-debt money that provides a neutral monetary network for anyone with an internet connection. The second potential solution is being addressed by Inflection Points, Inc. The company is relentless in its pursuit of creating a measurable inflection point in economic growth.
Through its various products, Inflection Points, Inc ensures that every company in the bitcoin and crypto industry is able to hire the best talent, while simultaneously creating systems and programs to train existing employees on the technologies that make up the fastest growing economic vertical. Inflection Points Inc has helped nearly 1,000 people obtain a new job in the bitcoin and crypto industry over the last 18 months, or more than one person per day. Thousands of employees at companies including Coinbase, Gemini, Kraken, Strike, BTC Inc, Anchorage, OkCoin, TaxBit, and Reed Smith, have gone through the extensive training program as well. Inflection Points Acquires Proof of TalentIn addition to the fresh financing round, the company has also acquired Proof of Talent, the leading recruiting agency in the crypto industry. The acquisition will make it possible to help create a seamless process for identifying the right candidates for the hardest-to-fill roles. Proof of Talent's executive team, including founder Rob Paone, will join Inflection Points, Inc, to grow the business into the most dominant hiring and training platform in the industry.
With the addition of the 9-person Proof of Talent team, Inflection Points, Inc now covers three domains — employment, training, and recruiting — in an effort to ensure the best and brightest are working in the bitcoin and crypto industry. If you are looking for a new job in the industry, or would like to have your team trained on the bitcoin and crypto industry, visit the website by clicking here. Hope you all have a great start to your day. I’ll talk to everyone tomorrow. -Pomp THE RUNDOWN:Musk Scraps $42B Deal to Buy Twitter, Prompting Board to Threaten Suit: Tesla CEO Elon Musk scrapped his $42 billion takeover deal to buy Twitter, claiming the information provided by the social media giant was false and misleading, prompting the company to threaten to sue to enforce the agreement. Musk, in a filing with the U.S. Securities and Exchange Commission, claimed Twitter was in material breach of multiple provisions of the deal and had apparently made false and misleading representations that Musk had relied upon. Read more. US Job Growth Remains Historically Strong, Exceeding Economists' Expectations: U.S. job growth cooled in June, but still vastly exceeded economists' expectations, a U.S. government report Friday showed. Employers added 372,000 jobs last month, a minimal slowdown from the revised 384,000 added in May and the lowest since the coronavirus pandemic recovery, a report by the Labor Department on Friday showed. But the figure is still higher than the 275,000 increase predicted by economists, based on a FactSet survey. Read more. GameStop CFO Fired Amid Cost-Cutting Drive: GameStop Chief Financial Officer Mike Recupero was fired from the video-game retailer amid a cost-cutting drive that has followed a hiring spree in the last 18 months. Recupero had served as CFO since June 2021 and will be replaced by Chief Accounting Officer Diana Jajeh. In a letter to employees, CEO Matt Furlong said GameStop is focused on "eliminating excess costs and operating with an intense owner's mentality." Read more. Hong Kong Regulator Ashley Alder to Head UK Financial Supervisor: Ashley Alder, the CEO of Hong Kong’s Securities and Futures Commission (SFC), has been appointed to head the U.K.’s Financial Conduct Authority (FCA) and is expected to start in January 2023. Alder, a former lawyer, has been the head of the SFC since October 2011, overseeing the introduction of the territory’s digital assets rules. Read more. Russell Starr is the Executive Chairman & CEO of Valour (formerly DeFi Technologies) In this conversation, we talk about regulation needed for the Crypto industry, why Crypto companies should be hiring right now, and why this bear market presents so many opportunities for builders. Listen on iTunes: Click here Listen on Spotify: Click here Bitcoin Humbles Everyone | Dylan LeClairPodcast SponsorsThese companies make the podcast possible, so go check them out and thank them for their support!
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