Crypto Recruitment Firm Inflection Points Raises $12.6m in Funding Round

Inflection Points, a Miami-based crypto recruitment and training firm co-founded by Anthony “Pomp” Pompliano, announced on Wednesday that it has raised $12.6 million in a funding round.

The seed funding was raised by several investors, including Peter Thiel’s Thiel Capital, Fifth Down Capital, XYZ Fund, Rose Park Advisors, Blockchange. Based on the fundraising deal, Andrew Spellman, the founder and managing partner at Fifth Down Capital has joined Inflection Points’ board of directors.

The fundraising will therefore help Inflection Points to build out its crypto-focused employment and corporate training business, the company said.

Established in early 2021, Inflection Points was co-founded by Colton Sakamoto and long-time crypto entrepreneur and investor Anthony Pompliano in an effort to help crypto firms searching for talents connect with people who want to enter the industry.

In a statement, Pompliano, a media personality and investor with 400,000 YouTube subscribers and 1.6 million Twitter followers, narrated how the recruitment company came into existence: “In crypto, I’d always ask founders of different platforms what they need help with. And over and over, they would say, ‘if you have great talent send them my way.’ And so many times, I learned companies were really struggling to find people and meanwhile my inbox was full of people who wanted to move into the industry.”

As part of efforts to drive its business growth, Inflection Points further announced that it has acquired a New York-based crypto recruitment firm Proof of Talent. The crypto-focused recruiting agency Proof of Talent was founded by Rob Paone in June 2019 and said it has helped 100 people find jobs in over 40 firms.

As part of the acquisition, Paone and his eight colleagues working at Proof of Talent are set to join Inflection Points.

Inflection Points, which previously was known as PompCryptoJobs, has training and headhunting divisions. The recruitment firm claims to have trained and employed more than 4,000 individuals in the crypto sector. The company has been profitable since its establishment and raised the funding only after it hit “seven figures” in revenue.

Layoffs Presenting Opportunities

The development occurs at a time when multiple crypto firms are laying off employees while a few others are looking for talents.

Pompliano said that the current massive layoffs in the crypto industry could be an opportunity for his recruitment company as major non-crypto firms are looking for talents and even target crypto specialists who were recently laid off.

The job market has been facing difficult moments in recent months as crypto companies are struggling to make it through a winter that has seen prices plunge significantly.

Last month, several crypto firms including Coinbase, Gemini,, BlockFi, among others, announced layoffs and hiring freezes. Amid rising inflation rates and slowing demand, tech firms across the board have continued to cut more jobs.

Image source: Shutterstock


Tagged : / / / / / /

$4K Ethereum by July? ETH price posts fastest recovery to date from 50% drawdown

The price of Ether (ETH) has pulled back to retest $3,000 support levels on Feb. 9 after Ethereum’s native token reached a three-week high.  

ETH price climbs to three-week high

To date, ETH price has recovered by roughly 50% after the ETH/USD trading pair bottomed near $2,150 on Jan. 24.

ETH/USD daily price chart. Source: TradingView

ETH price jumped on Feb. 7 in part due to KPMG, one of the world’s four accounting giants, announcing that the firm is adding Bitcoin (BTC) and Ether to its Canadian division’s balance sheet. Bitcoin rallied to over $45,500 in the wake of the news, its best level in almost a month. 

However, the Big Four accounting giant chose not to disclose the degree of its exposure in the Bitcoin and Ether markets. But KPMG did state that it is helping its clientele “navigate” the world of crypto assets.

Anthony Pompliano, partner at Pomp Investments, called KPMG’s move “incredibly forward-thinking,” noting that their involvement would strike confidence in their clients that might have been considering adding crypto assets to their balance sheets. Excerpts from his note published Tuesday:

“Over a long enough timeframe, it feels like corporate demand will continue to explode and these assets will benefit from persistent buys, along with long-term holders, for years and decades to come.”

ETH to $4K next?

Ether price recently logged its seventh 50% drawdown in history in what many called a new “crypto winter.” But the ETH/USD pair recovered half of its losses by rising from its bottom level of $2,150 to as high as $3,234 in less than three weeks.

ETH/USD daily price chart with Fibonacci-based support/resistance target levels. Source: TradingView 

This was Ether’s fastest recovery to date from a bearish cycle, compared to its average recovery time of 165 days, notes a new report by Arcane Research.

“ETH decreased 94% from its ATH during the 2018 crypto winter, compared to the 50% dip in March 2016, which recovered in just 67 days,” Arcane Research wrote, adding:

“Ethereum and the broader crypto ecosystem look very different from 2016-2018. Still, if history is any indication, and leaving out a new glacial period like 2018, we could perhaps see prices back in the $4,000 range as early as July 2022.”

Related: Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound

ETH drawdown from ATH. Source: Arcane Research

Chris Burniske, a partner at Placeholder — a New York-based venture capital firm, also offered a bullish outlook for Ethereum albeit based on its expected transition this year to proof-of-stake from proof-of-work.  

“2H 2022 could be great for ETH if the merge happens on schedule and the market structure of the asset goes through a huge shift from PoW to PoS.”

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.