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Brianne Kimmel’s new $35 million fund isn’t yet tempted by all of web3 –

While web3, planets and modern HQs feel the loudest characteristic of the start-up segment ‘work future’, Business Life Business establish Brianne Kimmel it has a deeper definition of the earth. Pediatric GPs have spent the last few years supporting companies that will help modern workers, from modern workplaces to email tools a visual chat platform that hopes to feel more human than Zoom.

“We want to be very careful and deliberate whether we want to build software for the average person or software that enables access to more meaningful ways to make money,” she said. “I found the current situation, metaverse and even web3 to a great extent, not available yet.” WorkLife invests in web3 companies, but only when businesses have a strong position to educate or serve people outside of technology, she said.

It is a theory that her investors believe is enough to pay a lot of money behind her efforts. Kimmel told TechCrunch she has raised $ 35 million for her second fundraiser – almost half of what was originally targeted, any SEC issued since then. Asked about the difference, the investor, who is taking notes on Sequoia’s new structure, said it would eventually launch a structure that would allow Worklife to continually raise funds and estimate total assets through small funds, SPVs and ever green agency. Still, today’s episode marks the second chapter of Working Life, which coincides with an ongoing crisis.

Kimmel first launched Ventures Life Ventures 2019, with its $ 5 million initial funding backed by Marc Andreessen, Garry Tan, Alexis Ohanian, NFX, Slow Ventures, and CEO Zoom Eric Yuan. At the time, Kimmel was one of the first female GPs to jump on the bandwagon, joining Volt Capital’s Sona Amhaz, Array Ventures ‘Shruti Gandhi and more recently Haun Ventures’ Katie Haun and Ganas Ventures. ‘Lolita Taub.

At launch, Worklife said 40% of the new fund deals will come from SaaS School, an annual workshop for entrepreneurship that Kimmel founded during his stay in Zendesk. Now, it looks like Kimmel is taking a much broader approach. She said Worklife had already written five checks for new payments with an average check size of $ 2 million and an estimated value of $ 20 million.

The first working life box had an original check size of about $ 150,000 at the start. That target would give the Labor Room up to 33 contracts. Immediately, Fund I supported 97 companies, which are thought to have SPVs and small checks. All file companies have raised capital with other companies.

The company does not look for specific figures for diversity, but says it often writes first-hand checks for employees leaving technology companies to start their first companies. All but one of Kimmel’s investments had a female founder, something she wanted to take a “firm stance on realization” in the second box. There is also a strong focus on supporting immigrants, something Kimmel, a Ukrainian-American, has maintained on a regular basis since the company first emerged.

Work life activities were led by a select group of unicorns on file, including Deel, Weblow, Hopin, Tonal, Clubhouse, Pipe and Public.

However, even though this catastrophe has disrupted the way we operate, some companies that have grown in the first two years of the job distribution have experienced correction. Work life has invested in Hopin, for example, one of its most successful betting companies that recently laid off 12% of its employees.

Kimmel spoke of retirement as saying that “these are emerging natural diseases that occur during the history of the company. One surprise that many outsiders are forgetting is the fact that the zero to $ 100 growth in ARR is being pushed for two years. ” growth.

At Clubhouse, another portfolio company, growth is slowing. Nearly a year after the first capital was collected, the Clubhouse skyrocketed to $ 4 billion and reached the supermarket. The company then encountered issues of mediation, particularly around the expansion of the hate room. As the world opened up, download growth also slowed.

“At club sites in particular, measuring any social network is very difficult,” Kimmel said. “I find that sites like Twitter that you have already distributed, which is where you are most likely to see a very high user engagement rate.” That said, Kimmel pointed out that Work Life continued to fund Flow Club, a production-focused social networking program and Moment House, a live media platform for artists.

With millions of newcomers behind Kimmel, the far-right segment will find a compelling and focused segment, and reality.