PortalOne Raised $15 Million From Founders Fund, Atari, and Kevin Lin’s Twitch
PortalOne Earlier this month, at the tvlunden TechCrunch, the founders of the port alone, a company that creates online games, raised 15 million dollars to launch their first game, called Twitch. The game will be available on a mobile device and will also have a web version. It will have a variety of different games, including a slingshot game that allows users to throw objects,portalone 15m founders fund twitch kevin shoot enemies, and hit other players. The company is also working on a game that allows players to play the role of an astronaut. It is hoped that the game will be released soon.
Portalone 15m Atari founders fund twitch
Founders Fund, Atari, and Kevin Lin’s Twitch have all invested in PortalOne. This company is aiming to deliver the best of both worlds, a gaming experience with live television content. The company has been in closed beta for a while, but it is expected to move out soon. PortalOne, which will soon be open to the public, has received a $15 million seed from Founders Fund. Other notable investors include Atari, Coatue Management, Rogue Capital Partners, TQ Ventures, and Signia Venture Partners.
The aforementioned $15 million seed will help fund the development of a game that promises to take gaming to the next level, by adding a live media component. The company also aims to build a social community around its game engine.
Portalone 15m Atari founders fund Kevin
During the recent years, portalone gaming devices have been declining in popularity. But a group of former Atari employees has decided to start a fund to support portalone gaming devices. Their goal is to raise $1 million by the end of the year. They believe there is a demand for port-alone devices in the market portalone 15m founders fund twitch kevin. They have already raised over $100,000 and hope to raise more funds. They have already invested in companies such as Twitch and Atari. The former employees believe there is enough interest in the project to raise money.
Among the investors are Xen Lategan, the former executive advisor at several companies, and Mike Morhaime, the founder of Dreamhaven. Others include Talis Capital, TQ Ventures, and Signia Venture Partners. The company’s primary product encrypts data before it leaves a computer. It also offers the ability to block cookies and trackers. They are in closed beta right now, but they hope to enter the market soon.
Portalone has been gaining attention for its unique data protection methods. It has a browser extension that blocks cookies, trackers, and government surveillance. The company has been working with companies such as Twitch, which is a live streaming video platform. They have also invested in eSports.
Portalone 15m Atari founders fund in
Having raised over $15 million, PortalOne, a hybrid gaming and TV show app, is getting ready to launch into the market. The startup company has secured investments from a number of top players in the gaming industry, including Atari, Twitch, and Coatue Management. It is also backed by investors such as Sunny Dhillon, the founder of Signia Venture Partners and the former CTO of Hulu, and Talis Dhillon, the founder of TQ Ventures.
PortalOne is also working with a number of gaming companies, including Riot Games, Blizzard, and Dreamhaven. The company’s main product is an online security tool that encrypts data before it leaves the computer, protecting it from hackers and government surveillance. The company also aims to create a social community around its game engine.
The company’s other investors include Atari, Founders Fund, Seedcamp, Rogue Capital Partners, and Coatue Management. It also has investment from Twitch, the popular live-streaming video platform. According to the company’s COO, eSports is the fastest-growing category in the gaming industry.
Portalone 15m Atari Kevin tvlundentechcrunch
Earlier this year, a group of former Atari employees launched a fund to support the development of the Port alone, a gaming device. They believe there is enough interest in the project to raise the required funding. Their goal is to raise $1 million by the end of the year.
The company is led by Atari founder Nolan Bushnell, who is also the CEO of Twitch, the live-streaming video platform. Twitch co-founder Kevin Lin is also part of the investment. Other investors include Atari, Talis Capital, SNO Ventures, and Seedcamp.
Atari hopes to capitalize on the portability of its Portalone gaming device, which is also able to stream to Twitch-enabled devices. Portability has always been a key factor in the gaming industry. The Portalone is compact and light, which helps make it easy to carry around. It also offers a browser extension that helps users block trackers and cookies. The product is also designed to encrypt data before it leaves a computer, protecting it from hackers and government surveillance.
PortalOne, the creator of what the company is calling ‘the world’s first hybrid games platform’, has secured $15 million in seed funding from some very heavy hitters in the worlds of tech, games, and media, including Twitch, Blizzard, Riot & Atari.
The company is bringing together the worlds of TV production and game development, and tying it all together with tech. PortalOne has developed a blend of streaming video and interactive games, delivered to virtual reality headsets or mobile phones. Users can participate in live streamed ‘game shows’, within which they can compete in interactive games.
After running a closed beta of its service for the last several months, the company is now preparing to launch in the US later this year, with the retro-inspired PortalOne Arcade, which will place the show’s guests inside ‘super-sized’ versions of classic arcade games – they’ve just signed an exclusive seven year deal with Atari – as well as original new titles.
PortalOne is also planning to open its platform up to third party creators, enabling other companies to publish their own hybrid games.
While the blend of live-streamed video and online gaming may not seem like a natural combination, some of the world’s biggest tech, media and games investors are giving PortalOne their support.
The $15m seed funding round included: Founders Fund (Peter Thiel), TQ Ventures (Scooter Braun, Schuster Tanger and Andrew Marks) and Signia Venture Partners whose LPs include Warner Bros., Disney and Tencent.
The round also saw participation from a number of high profile angel investors, including Kevin Lin (co-founder of Twitch), Mike Morhaime (co-founder of Blizzard and Dreamhaven), Amy Morhaime (co-founder of Dreamhaven), Marc Merrill (co-founder of Riot Games), Xen Lategan (former CTO and executive advisor at various companies such as Hulu), and Eugene Wei (former Head of Video at Oculus and Head of Product at Hulu). PortalOne’s strategic partners Atari and ARRI also invested.
PortalOne was co-founded in Norway, by brothers Stig Olav Kasin and Bård Anders Kasin. Bård previously worked as a Technical Director at Warner Bros. where he worked on revolutionary movie productions like the Matrix Trilogy. He also previously co-founded The Future Group, which provides mixed reality solutions for media production. Stig Olav previously worked as an award-winning developer and executive producer of interactive entertainment and mobile games. His background as television executive includes leading roles for shows like The Voice and Who Wants to be a Millionaire.
Bård Anders Kasin, CEO and Co-founder of PortalOne, said: “We are incredibly fortunate to have been joined by a number of true icons and visionaries who immediately grasped the unique potential of PortalOne. To get such strong backing from so many industry innovators at such an early stage of this journey is something you can only dream of. All of our investors bring tremendous value to the table and we are grateful for all of their support.”
Scooter Braun, Co-founder of TQ Ventures, said: “As PortalOne continues to grow, it is seamlessly integrating the gaming and entertainment worlds to create a single interactive experience and endless opportunities for content creation. Creators and performers alike want new and innovative ways to bring their craft to life, and PortalOne is meeting that demand in a way that no other business has done. I’m excited to work with the entire team to realize their trailblazing vision. I have never seen anything like this before.”
Kirill Tasilov, Principal at Talis Capital, said: “Massive opportunities continue to emerge in the interactive entertainment space as distribution and business models evolve. PortalOne is redefining mobile by unlocking new hybrid experiences at the intersection of games and video, and we are thrilled to be a part of their journey.”
Kevin Lin, Co-founder of Twitch, said: “The next big social platform will likely be a convergence of media with gaming at its core – a truly new immersive interactive experience – and PortalOne is a major contender for becoming such a platform.”
Tag: Portalone 15m Founders Fund Twitch Kevin
Sunny Dhillon, Partner at Signia Venture Partners, said: “When we see virtual concerts inside of TikTok, Roblox, and Fortnite, it’s great but PortalOne offers an evolution of interactive metaverse entertainment – true real-time, one-to-many interaction between gamers around the world, all in a mobile-native hybrid game format. We’re thrilled to partner with Bård Anders and Stig Olav on this journey.”
Delian Asparouhov, Principal at Founders Fund, said: “We back companies that we believe have strong potential to become global category leaders. PortalOne creates a new category and simultaneously the platform that is clearly set to dominate that new category. The market is ripe, the opportunity is clear, and the potential is unlimited. PortalOne is poised to create a before and after in the industry.”
Why Outsourcing Your Payroll Services Can Benefit Your Business
Outsourcing your payroll services can be a huge benefit to your business. It can free your team to focus on more strategic projects and responsibilities, helping you to generate revenue.
However, the process of transferring payroll information can pose some challenges. Companies must establish communication guidelines and processes to transfer their employees’ data to the service provider properly.
Errors in payroll processing can have some negative consequences, including employee dissatisfaction, financial losses, and legal troubles. Additionally, errors can lead to tax penalties.
A professional payroll service like Altitude Payroll can reduce the chances of these problems by ensuring accuracy throughout the entire process. They will also help you stay compliant with all state and federal requirements.
In addition to reducing costs, outsourcing can be a great way to boost efficiency and improve your overall operations. By outsourcing, you can focus more on core business processes and less on tasks that don’t add value to your bottom line. Ultimately, this can help you to grow your business and stand out from the competition.
Payroll processing is an important business function that can be time-consuming. It requires careful attention to federal and state regulations, the input of extensive payroll data, and double-checking for errors.
Outsourcing this task is one way to reduce the time it takes to process payroll. Doing so lets you focus on other tasks and allow your employees to focus on revenue-generating work.
Another benefit of outsourced payroll is that you won’t need to train new employees on the necessary tax code changes. This can save you time and money in the long run.
Payroll processing is one of many companies’ most time-consuming and complex administrative tasks. It includes a lot of nuances like benefit deductions, garnishments, new hires and terminations, paid time off, and state and federal regulations.
If your company has a large workforce, outsourcing payroll may be more cost effective than running it in-house. This is because a payroll service handles the tasks that a finance department typically handles in-house and frees up internal resources for more critical business functions.
Pricing for payroll services can vary by the number of employees and processing frequency. Typical costs for payroll services include a monthly base account fee and per-employee fees. These fees usually range between $20 and $100 per month.
Compliance is a vital part of any business. It ensures your company abides by laws and policies that protect your clients, employees, the environment, and more.
It also ensures your organization stays on the right side of the law and avoids major legal disputes, which can result in costly fines or court appearances. Moreover, compliance helps build a reputable public image to attract new customers and keep existing ones.
Payroll processing includes many intricate details, including benefit deductions, garnishments, new hires and terminations, paid time off, and more. Keeping track of these details requires constant supervision and attention.
Aside from these nuances, payroll must also comply with state and federal regulations, including wage and hour laws and tax rules. This can be tricky and time-consuming, especially as these rules often change.
The security of your payroll is an important factor in the overall health of your business. Without proper security measures, a hacker could access sensitive information like employee addresses and Social Security numbers, which can cause financial and identity theft.
Choose a payroll service provider that takes data security seriously to protect your business. This means limiting access to your payroll system, training team members to use it responsibly, and using data encryption to secure your data.
Businesses should also require a third-party vendor to complete SOC 2 audits to evaluate its security and privacy measures. These audits can help businesses evaluate whether a payroll service provider follows data security best practices and has robust security measures.
CFD Trading 101: A Comprehensive Guide for Malaysians
Are you a Malaysian looking to dive into the world of Contracts for Difference (CFD) trading?
Look no further! We’ve scoured the internet to bring you a list of the best CFD brokers in Malaysia.
But before we jump into the rankings, let’s briefly discuss what CFDs are.
CFDs are a type of financial instrument that allows traders to speculate on the rise or fall of an asset’s price without owning the underlying asset.
These instruments have become increasingly popular due to their flexibility and leverage, allowing traders to potentially earn higher returns on their investments.
Now, without further ado, let’s take a look at the top CFD brokers in Malaysia.
With a user-friendly platform and a wide range of tradable instruments, Plus500 is an excellent choice for CFD traders in Malaysia. Some of the platform’s standout features include:
- Zero commission on trades
- Tight spreads
- Negative balance protection
- An extensive range of tradable instruments, including forex, commodities, stocks, and cryptocurrencies
Read more: A detailed ZFX review.
1. 2. eToro
If you’re looking for a social trading platform, look no further than eToro. With over 20 million registered users worldwide, eToro has built a reputation as a top choice for social trading. Some of the platform’s standout features include:
- Social trading features, allowing users to follow and copy the trades of successful traders
- Commission-free trading on stocks and ETFs
- A wide range of tradable instruments, including cryptocurrencies
- A user-friendly platform with a sleek interface
2. 3. IG
IG is a well-established CFD broker with a long history of providing excellent trading services. Some of the platform’s standout features include:
- Competitive pricing and tight spreads
- A wide range of tradable instruments, including forex, stocks, and cryptocurrencies
- An intuitive and user-friendly platform
- Access to powerful trading tools and features, including charting tools, alerts, and market analysis
Read more: A detailed XM review.
3. 4. Saxo Markets
Saxo Markets is another excellent choice for CFD traders in Malaysia. With over 30,000 instruments available to trade, Saxo Markets offers traders a wide range of opportunities. Some of the platform’s standout features include:
- Competitive pricing and tight spreads
- Access to a wide range of global markets, including forex, stocks, and commodities
- Powerful trading tools and features, including charting tools and risk management tools
- A user-friendly platform with a sleek interface
4. 5. City Index
City Index is a well-established CFD broker with a reputation for providing excellent customer service. Some of the platform’s standout features include:
- Competitive pricing and tight spreads
- A wide range of tradable instruments, including forex, stocks, and commodities
- Access to powerful trading tools and features, including charting tools and risk management tools
- Excellent customer service and support
|Broker||Commission||Tradable Instruments||Social Trading||Platform|
|Plus500||Zero||Forex, commodities, stocks, cryptocurrencies||No||User-friendly|
|eToro||Zero (on stocks and ETFs)||Forex, commodities, stocks, cryptocurrencies||Yes||User-friendly|
|IG||Competitive pricing||Forex, stocks, cryptocurrencies||No||User-friendly|
|Saxo Markets||Competitive pricing||Forex, stocks, commodities||No||User-friendly|
|City Index||Competitive pricing||Forex, stocks, commodities||No||User-friendly|
So there you have it, folks. Our top picks for the best CFD brokers in Malaysia. Remember to do your own research and choose the broker that best fits your needs and trading style. Happy trading!
Read more: A detailed Exness review.
Frequently Asked Questions
Sure, here are three frequently asked questions (FAQs) about CFD trading in Malaysia and detailed answers to each:
1. Is CFD trading legal in Malaysia?
Yes, CFD trading is legal in Malaysia. The Securities Commission of Malaysia regulates the financial markets and has authorized several brokers to offer CFD trading services to Malaysian residents. However, it’s important to note that not all CFD brokers are authorized to operate in Malaysia, so it’s important to choose a licensed broker.
2. What are the risks involved in CFD trading?
As with any form of trading, CFD trading involves risk. Here are a few risks to keep in mind:
- Leverage: CFDs are leveraged products, which means that traders can potentially earn higher returns on their investment, but it also means that losses can exceed the initial investment. This makes it important to use risk management tools, such as stop-loss orders, to limit potential losses.
- Volatility: CFDs are sensitive to market volatility, which can result in rapid price movements. This can lead to sudden losses or gains.
- Counterparty risk: CFD brokers act as the counterparty to their clients’ trades, which means that the broker’s financial stability is an important consideration. It’s important to choose a reputable broker with a strong financial standing to minimize counterparty risk.
3. What are some strategies for successful CFD trading?
Here are a few strategies to keep in mind when trading CFDs:
- Develop a trading plan: Before placing any trades, it’s important to have a solid trading plan in place. This should include your risk management strategy, entry and exit points, and the instruments you plan to trade.
- Stay informed: Stay up-to-date with market news and trends that could impact the instruments you’re trading. This will help you make informed trading decisions.
- Use risk management tools: As mentioned earlier, risk management tools such as stop-loss orders can help limit potential losses.
- Keep emotions in check: Emotions can cloud judgment and lead to impulsive trading decisions. It’s important to maintain a level head and stick to your trading plan.
Why Mileage Reimbursement Is a Must-Have for Every Business
Mileage reimbursement is a great way to compensate employees for using their vehicles for business purposes. It can also help reduce your company’s overall fuel costs.
Employees can keep track of their miles by filling out a mileage report form. Keeping a detailed log is essential for getting a fair reimbursement rate.
Employee satisfaction is a critical business strategy that can significantly impact employee retention and the bottom line. A satisfied workforce is more engaged, which increases productivity and improves customer experience.
Employee turnover is a significant business expense, but studies show that the best employees stay with a company longer than the average. They stay because they enjoy their jobs, feel a sense of purpose, and have healthy relationships with their colleagues and managers.
Satisfied employees are also more likely to work well with others, which helps the team stay productive and committed to achieving company goals. Creating a culture where everyone feels they have a voice and can contribute to the company’s success is crucial for retention.
Using employee satisfaction surveys is the first step in creating a happier, more engaged workforce. These surveys can give you insights into what works for your company and what needs improvement.
Ensuring the survey questions are reasonable and appropriate for employees is essential. Open-ended questions will help you get a more honest response.
Whether you use online or paper-based employee satisfaction surveys, it is vital to regularly compare and monitor the results to see how your company progresses over time. This is also the perfect way to identify areas that need improvement.
Whether you run your business from your home office or are a contractor who drives to clients’ locations, business-related mileage reimbursement can save you money on your taxes. Whether you use the standard mileage rate or the actual expense method, the proper deductions can add up fast.
The IRS allows you to claim deductible costs of operating your car for business, charitable, medical, and moving purposes. This can include gas, insurance, depreciation, license fees, tires, car washes, lease payments, and auto club dues.
It is crucial to keep good records of all trips taken for business purposes and write them off on your taxes. This can be done with a mileage logbook, an app, or a combination.
Reduced Risk of Fraud
Expense reimbursement fraud is one of the biggest threats to companies. According to the Association of Certified Fraud Examiners, these frauds cost organizations about 5 percent of their yearly revenues.
There are three primary types of expense fraud: overstated expenses, fictitious expenses, and asset misappropriation. Inaccurate mileage reporting is a typical example of overstated expenses.
Fictitious expenses are submitted for reimbursement that was not incurred, usually by manipulating receipts or mileage records. This could include flying first class and claiming inflated mileage or obtaining a refund for a trip and submitting that refund as a reimbursement.
Another form of fictitious expense fraud is submitting business mileage when driving an employee’s vehicle. It may be unintentional, but it can add to a significant loss for your company.
This type of fraud is a product of mileage programs that lack oversight and insight into your mobile workforce.
A simple example is if an employee drives an errand and submits that as a business trip. This can be a reasonably harmless addition, but if it happens repeatedly, this could lead to overspending. This can be prevented by implementing an automated mileage tracking app with GPS capabilities. The app will track your employees’ trips and ensure they are submitting accurate mileage reimbursements every time.
A well-crafted mileage reimbursement policy can increase efficiency across your business. It will save time and resources by reducing administration and inefficiency.
Mileage reimbursement is a crucial way to help your employees cover the cost of driving for work purposes, but it’s also essential for maintaining compliance with labor laws. If you don’t have a valid reimbursement policy, it could put your company at risk for legal complications.
As a result, it’s essential to create a mileage reimbursement policy that is flexible and malleable enough to accommodate changing circumstances. In addition to avoiding legal issues, an accountable mileage policy will improve employee satisfaction and reduce overall costs.
One of the most important ways to ensure that your mileage reimbursement policy is effective is to track your drivers’ trips and expenses in real time. This will enable you to determine the optimal mileage reimbursement rate based on your driver-specific costs.
Another critical component of creating a successful mileage reimbursement program is accurately accounting for regionally-influenced fixed vehicle costs. Gas prices, insurance premiums, taxes/registration/license fees, and maintenance costs vary widely from city to city, so you must calculate what each driver will pay before you begin reimbursing.
The best solution is to implement an expense management platform that allows you to automatically capture all employee trips and expenses based on their specific destinations. This will help you get a detailed picture of your drivers’ costs and make it easy to create a policy that meets your needs while maintaining policy compliance.
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