asset-backed-lending
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Mike Hurst Is Turning Venture Capital's Waiting Game Into a Credit Product
After selling one fintech company, Mike Hurst discovered that a good investment can still create a bad cash-flow problem. Turbine Finance is his attempt to give patient capital a useful middle gear.
The Startup Betting It Can Turn Locked-Up Venture Bets Into Cash - Without a Fire Sale
Venture investors are sitting on trillions in gains they cannot spend. Turbine's pitch: borrow against the position instead of dumping it at a discount.
BAXUS
BAXUS is a New York-based peer-to-peer marketplace for fine and rare wines and spirits, built on the Solana blockchain. It authenticates physical bottles, stores them in climate-controlled vaults, and issues digital tokens representing direct ownership - giving collectors and institutions real-time pricing, instant trade settlement, and the ability to use bottles as loan collateral. The platform has facilitated over $20 million in whiskey trades and raised a $5M seed round led by Multicoin Capital in 2024.