[ { "id": 25620, "name": "Magna", "slug": "magna", "former_names": [ "Maple" ], "small_logo_thumb_url": "https://bookface-images.s3.amazonaws.com/small_logos/8d439fe7ad80a3abb806e8faf064081db9c56a21.png", "website": "https://magna.so", "all_locations": "New York City, NY, USA; New York, NY, USA", "long_description": "Magna is building a platform to turn DeFi investments into financial primitives. Our first product is Carta for Web3, where companies can manage their cap tables and distribute their token equity to employees, advisors, or investors. We’re also building investor infrastructure for institutions to custody investments with on-chain execution and intelligence. Our ultimate goal is to use locked tokens as composable building blocks to power collateralized lending, liquid secondary markets, and other DeFi applications.\r\n\r\nLaunching a token? Let's chat. Are you receiving tokens from your investments? We can also be helpful.\r\n\r\n\r\nWhat are our companies saying about the problem?\r\n\r\n> Having it all bundled together would make life easier. We have a million things to do. If you have an off-the-shelf thing, we’d use it.\r\n> This wouldn’t be a nice to have, it’d be a have to have.\r\n> Terrible process. We’re manually sending out transactions, going to solscan and manually check that they received our token. Takes hours every week.\r\n> Everything we do is potentially very dangerous. We have to check it thoroughly. I’ve spent several hours a day on this since launch. I imagine every month, it’ll take us at least 1-2 days.\r\n> Manual process every month for the ops team. They likely burn a week.... every month to pay out 150+ addresses.", "one_liner": "Carta for Web3: token vesting and DeFi investment management. ", "team_size": 18, "industry": "Fintech", "subindustry": "Fintech", "launched_at": 1647924997, "tags": [ "DeFi", "DAO" ], "tags_highlighted": [], "top_company": false, "isHiring": false, "nonprofit": false, "batch": "Winter 2022", "status": "Acquired", "industries": [ "Fintech" ], "regions": [ "United States of America", "America / Canada", "Remote", "Partly Remote" ], "stage": "Early", "app_video_public": false, "demo_day_video_public": false, "app_answers": null, "question_answers": null, "url": "https://www.ycombinator.com/companies/magna", "api": "https://devasheeshg.github.io/yc-api/batches/winter-2022/magna.json", "year_founded": 2022, "city": "New York City", "country": "US", "linkedin_url": "", "x_url": "https://twitter.com/magnatokens", "fb_url": null, "cb_url": null, "github_url": null, "logo_url": "https://bookface-images.s3.amazonaws.com/small_logos/8d439fe7ad80a3abb806e8faf064081db9c56a21.png", "app_video_url": null, "dday_video_url": null, "company_photos": [], "primary_partner": { "name": "Jared Friedman", "url": "https://www.ycombinator.com/people/jared-friedman" }, "founders": [ { "user_id": 142616, "full_name": "Bruno Faviero", "title": "Founder", "founder_bio": "- PM of Palantir's AI Platform. \n- Founder of Synapse Technology - AI to automate airport security (Acquired by Palantir in 2020). \n- Angel and VC investor in over 50 companies.", "is_active": true, "linkedin_url": "https://www.linkedin.com/in/faviero", "x_url": "https://twitter.com/bfaviero", "avatar_thumb_url": "https://bookface-images.s3.us-west-2.amazonaws.com/avatars/f072beb33954a4c746c913a5e57fd860ad2d6e08.jpg" }, { "user_id": 896770, "full_name": "Arun Kirubarajan", "title": "Founder", "founder_bio": "- Quant trading at Millennium\n- Early employee at Vise\n- Published NLP/ML researcher and CS lecturer at UPenn", "is_active": true, "linkedin_url": "https://www.linkedin.com/in/arunkirubarajan/", "x_url": "https://twitter.com/arundotai", "avatar_thumb_url": "https://bookface-images.s3.us-west-2.amazonaws.com/avatars/09c0e78c14f7f23362c3b8a69a2cc4d0a2e91bf3.jpg" } ], "jobs": [], "news": [ { "title": "Token Management Platform Magna Raises $15M Seed Round at $70M Valuation", "url": "https://www.coindesk.com/business/2022/09/15/token-management-platform-magna-raises-15m-seed-round-at-70m-valuation/", "date": "Sep 15, 2022" } ], "launches": [] }, { "id": 26043, "name": "Cashmere", "slug": "cashmere", "former_names": [], "small_logo_thumb_url": "https://bookface-images.s3.amazonaws.com/small_logos/4080cdbc25e0833a1c37e7cb78ce01ff0a6683fd.png", "website": "https://cashmere.finance/", "all_locations": "San Francisco, CA, USA", "long_description": "Cashmere is a multisig solana wallet for enterprises to manage their digital assets. Instead of running their business from one person’s wallet, startups can use our wallet to securely manage their funds.", "one_liner": "Crypto wallet for web3 startups", "team_size": 3, "industry": "Fintech", "subindustry": "Fintech -> Asset Management", "launched_at": 1647375473, "tags": [ "DeFi", "Crypto / Web3", "DAO" ], "tags_highlighted": [ "Crypto / Web3" ], "top_company": false, "isHiring": false, "nonprofit": false, "batch": "Winter 2022", "status": "Inactive", "industries": [ "Fintech", "Asset Management" ], "regions": [ "United States of America", "America / Canada", "Remote", "Partly Remote" ], "stage": "Early", "app_video_public": false, "demo_day_video_public": false, "app_answers": null, "question_answers": null, "url": "https://www.ycombinator.com/companies/cashmere", "api": "https://devasheeshg.github.io/yc-api/batches/winter-2022/cashmere.json", "year_founded": 2021, "city": "San Francisco", "country": "US", "linkedin_url": "https://twitter.com/CashmereWallet", "x_url": "https://twitter.com/CashmereWallet", "fb_url": null, "cb_url": "https://www.crunchbase.com/organization/cashmere-07f3", "github_url": null, "logo_url": "https://bookface-images.s3.amazonaws.com/small_logos/4080cdbc25e0833a1c37e7cb78ce01ff0a6683fd.png", "app_video_url": null, "dday_video_url": null, "company_photos": [], "primary_partner": null, "founders": [ { "user_id": 642922, "full_name": "Shashank Khanna", "title": "Founder", "founder_bio": "Shashank runs GTM engineering at Vanta. He was previously the co-founder and CEO of Cashmere. Before starting Cashmere, he was a software engineer at Amazon and SoFi. Shashank graduated from UCLA where he studied computer science.", "is_active": false, "linkedin_url": "https://www.linkedin.com/in/skhanna3/", "x_url": "https://x.com/shashankbuilds", "avatar_thumb_url": "https://bookface-images.s3.us-west-2.amazonaws.com/avatars/f9912f14af274ab8b842388a63647fffddf16533.jpg" }, { "user_id": 905308, "full_name": "Rebecca Lee", "title": "Founder", "founder_bio": "CTO at Elayne, building AI tools to accelerate and simplify the estate settlement process.\n\nShe previously founded Juicebox and Cashmere Finance. In her early career, she worked at companies of all growth stages, including Facebook, Retool, and Affirm. She attended Harvard University and Rice University, studying Psychology, Electrical Engineering, and Computer Science.", "is_active": false, "linkedin_url": "https://www.linkedin.com/in/rebeccablee1", "x_url": "https://twitter.com/beccablee", "avatar_thumb_url": "https://bookface-images.s3.us-west-2.amazonaws.com/avatars/ecf55c455d98e4a2654b58a7cede1dd6d3d3b576.jpg" }, { "user_id": 905304, "full_name": "Charlotte McGinn", "title": "Founder", "founder_bio": "Founder and CEO of Telltale, the platform that makes autoimmune disease easier to manage. Previously the CTO and co-founder of Cashmere. \n\nGraduated from UCLA with a degree in computer engineering.", "is_active": false, "linkedin_url": "https://www.linkedin.com/in/charlottemcginn/", "x_url": "https://twitter.com/charmcgi", "avatar_thumb_url": "https://bookface-images.s3.us-west-2.amazonaws.com/avatars/242b5969a70d8a7287c5c42d7ea0e252e6133d03.jpg" } ], "jobs": [], "news": [ { "title": "Cashmere Raises $3M Seed at $30M Valuation to Build Solana Enterprise Wallet", "url": "https://www.coindesk.com/business/2022/08/08/cashmere-raises-3m-seed-at-30m-valuation-to-build-solana-enterprise-wallet/", "date": "Aug 08, 2022" } ], "launches": [] } ]