Newsletter Update
We are extremely grateful for the support we have received since creating the Crypto Newsletter! Over the last (almost) 2 years we have published 44 editions of the newsletter – now 45. It’s been a fun ride, thanks to the ups and downs of the digital asset rollercoaster, but most importantly our subscribers! Thank you!
The good news is we’re not going anywhere – a few things will be changing though. Going forward, this newsletter will now be called the “Durlston Partners Newsletter“.
As a topic, Crypto is too niche nowadays, especially as everyone in our team also focuses on Tech, Quants, Data Science, and AI/ML hiring. Going forward, the content we post will not only be specific to Crypto, but more an opportunity to display:
- Combined knowledge of finance and recruitment.
- Updates within Durlston Partners – such as NYC or Dubai, trips and events (like our upcoming Women at the Table event in London – email [email protected] to register your interest).
- Employment dynamics and market trends.
The main article will still offer an outlet for anyone at Durlston Partners to write about something they are passionate about.
Finally – we will be moving from a bi-weekly newsletter to a monthly one. To be released on the first Tuesday of every month!
Dubai Office Opening
We are excited to share the news of the Durlston Partners Dubai office opening, enhancing our global presence and commitment to serving clients in the UAE and Asia.
The beginning of the year saw Warwick Poelman (واريك بولمان) & Rahnpreet Sandhupacking their duffle bags full of swimming trunks and polo tops, ahead of their move to the land of sunshine.
Why the new office? Dubai has topped rankings for the world’s fastest-growing venture capital (VC) ecosystems, proving to be popular amongst start-ups, hedge funds, and crypto trading firms. Some key facts:
- 3/4 of funds planning a UAE office cite fundraising opportunities as the main draw.
- 6 of the 8 biggest multi-strategy funds ($10bn+) have a Dubai office.
- UAE attracted more HNWIs (5200) than any other country in 2022.
Last week, Eve Mallabar & Jamie Burmanhad a chance to visit and meet with some of our top clients – they both came back to London glowing!
Looking forward to more productive trips and sunny working days ahead!
Market Headlines
U.K. Minister Bim Afolami says the government is working “very hard” to pass crypto-specific legislation in the country. “We’re very clear that we want to get these things done as soon as possible. And I think over the next six months, those things are doable.” Afolami explained while remaining tight-lipped when pressed for more specific details concerning the long-awaited crypto regulation.
As we enter 2024, the UK’s technology landscape is undergoing a seismic shift driven by rapid advancements and an evolving socio-economic backdrop. This year, we are witnessing a confluence of trends that promise to reshape industries, redefine our daily lives, and drive economic growth. From the rise of Artificial Intelligence (AI) and 5G connectivity to the growth of fintech and cybersecurity concerns, the UK tech scene is buzzing with activity and innovation.
San Francisco-based start-up joins Google and Meta as one of the fastest-growing tech companies ever. OpenAI’s revenues have surpassed $2bn on an annualised basis, as the runaway success of its flagship artificial intelligence product ChatGPT exploded. A measure of the previous month’s revenue multiplied by 12 — hit the $2bn milestone in December 2023, according to two people with knowledge of its finances.