For many people, 3 p.m. means the end of their workday and the beginning of their weekend. But for Silicon Valley employees, that’s when the biggest deals are done — and today was no exception.
Deal activity continued to heat up in Silicon Valley throughout the day as companies raced to table new contracts and alliances before Monday’s busy callback period kicked in. Facebook announced a $120 million acquisition of WitPepper, Google made its first acquisition in over two years with
Representatives from around the world gathered in New York City last Monday to celebrate International Women’s Day. Held annually on March 8th, IWD is a global celebration of women’s rights and achievements. The day was created in 1975 by the United Nations, and has since been celebrated in over 140 countries. In recent years, IWD has been increasingly observed as an opportunity to focus attention on pressing issues affecting women worldwide, such as violence against women and economic inequality.
Food waste is a big issue, and one that Mill is tackling with its innovative food recycling process. By turning food scraps into farm feed, Mill is helping to address the problem of hunger and wastefulness in one fell swoop. Not to mention, it’s a fun podcast to listen to—thanks Darrell and Becca!
When Christine and Haje met, they had nothing in common. Christine was from a wealthy family, while Haje came from a poor family of farmers. But
The TechGround Top 3
- A mea culpa for the ages: “Say it, forget it; write it, regret it.” Never were truer words spoken to explain the recent Twitter exchange between Elon Musk and an employee that involved Musk publicly mocking the employee about their disability. Aisha writes that Musk has apologized.
- Duck, duck, AI goose: Natasha L writes that DuckDuckGo, a privacy search engine, is the latest to dabble in AI. Called DuckAssist, the feature can directly answer straightforward search queries.
- Gather around the VC dinner table: Berlin-based venture capital fund La Famiglia closed on €250 million in capital commitments for its third seed fund and first growth co-investment fund. Both funds will invest in business-to-business startups. Mike has more.
Startups and VC
After years of research, the trio has created a prototype that they believe can make air bricks using the same production methods as traditional building materials. Air bricks would offer a cheap and sustainable alternative to concrete, according to the team, which is working to gain approval from local government officials for their project. If successful, this reference project could pave the way for wider air brick use in future construction projects.
Humane is a mystery- shrouded startup that has raised over $230 million in investments so far. Its latest round of funding, a $100 million Series C, attracted a laundry list of notable investors, including Salesforce CEO Marc Benioff. Despite its secretive nature, Humane claims to work on cutting-edge ethically sound initiatives that aim to improve the lives of animals. As such, it is no surprise that the company has garnered the support of some heavy hitters in business and philanthropy. What is still unknown, however, is just what specifically Humane does and why its supporters feel so passionate about its mission.
After inspecting the scar tissue on his hand, Neil decided to see a doctor. He was surprised at the diagnosis- he had carpal tunnel Syndrome. This condition is
7 investors reveal what’s hot in fintech in Q1 2023
The piles of money coins depict the abundance and prosperity of their owner. These coins could be used as currency in the future, or they could be saved and used to purchase items later on. They are an interesting way to represent wealth, power, and privilege.
Since the recession began, there has been a dramatic change in the behavior of fintech investors. Whereas early in the downturn, venture capitalists were allocating large sums of money to early stage companies, they are now taking a much more cautious stance and investing mostly in later stage companies. Additionally, many fintech investors are advising founders to pivot their businesses to focus on more established financial products and services rather than new ones. However
During the past year, many venture capitalists have shifted their thesis to fit current macroeconomic trends. While they may still invest in early-stage technology companies, they are also looking for opportunities with larger revenues and profitability. They are also more interested in companies that can internationalize quickly. Some of the types of opportunities that these VCs are searching for include: e-commerce businesses with global reach; mobile applications with substantial global user bases; and scalable software platforms that can be adopted by large organizations.
- Charles Birnbaum, partner, Bessemer Venture Partners
- Aunkur Arya, partner, Menlo Ventures
- Ansaf Kareem, venture partner, Lightspeed Venture Partners
- Emmalyn Shaw, managing partner, Flourish Ventures
- Michael Sidgmore, partner and co-founder, Broadhaven Ventures
- Ruth Foxe Blader, partner, Anthemis
- Miguel Armaza, co-founder and general partner, Gilgamesh Ventures
While many people might be familiar with the importance of programming, not everyone is aware of the intricacies involved in creating efficient and effective code. Often times, the right
TechGround+ is a membership program that helps founders and startup teams get ahead of the pack. With TechGround+, you can find the resources you need to grow your business, from online courses to mentorship programs. If you’re looking for ways to boost your company’s growth, sign up for TechGround+ today!
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The new Ding Dong, Ring doorbell is a welcome improvement over its predecessor. The higher resolution screen and battery-powered doorbell make it easier to see who is at the door and release the battery for recharging.
Blue Origin is no stranger to controversy. In recent weeks, the company has been named in two lawsuits alleging ageist hiring practices. One suit involves employees being asked to seek out younger candidates while the other is being brought by a 64-year-old who claims he repeatedly was turned away from jobs even though interviewers said he was qualified. It’s not clear which lawsuit Blue Origin will be legally obligated to respond to, but it seems likely that this latest development will only increase scrutiny on the company’s hiring process.
In the early 1800s, farmers in the United States were constantly battling with pests and diseases. One of these illnesses was called “frostbite.” Frostbite is
- More trouble over at Tesla: The electric vehicle maker is under further investigation, this time after steering wheels fall off two Model Y vehicles. Kirsten has more.
- Spot these new features: Spotify had a sprinkling of news today, including Sarah‘s, Countdown Pages, Stories and Sarah and Aisha‘s TikTok-style discovery feeds. Also, Aisha reports that Spotify has new growth and discovery tools for artists.
- Google it: Brian reports that Google’s developer conference, Google I/O, returns to Mountain View May 10. Meanwhile, Frederic has your look at Google’s developer preview of Android 14, while Aisha reports on the company’s VPN access expansion to all Google One members and other features.
- Quantumania: Frederic is at the American Physical Society March Meeting in Las Vegas and caught up with Krysta Svore, Microsoft’s VP of Advanced Quantum Development, who told him that the company is making it easier to integrate quantum and classical computing.