Alexis Ohanian and Garry Tan's VC firm Initialized Capital raises $225M for its fourth fund (Josh Constine/TechCrunch)

Josh Constine / TechCrunch:
Alexis Ohanian and Garry Tan's VC firm Initialized Capital raises $225M for its fourth fund  —  “Right now we're in this Empire Strikes Back moment” says Initialized Capital's Garry Tan, referring to tech giants ruthlessly copying and competing with fresh ideas.  “We think the startups represent the Return Of The Jedi.”

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