The TechGround Top 3

  • Price cut in aisle five: Invesco cuts Indian food delivery giant Swiggy’s valuation to $5.5 billion. In October, the valuation was cut to $8 billion. Manish writes, “The recent valuation reductions bring a fresh perspective to the effects of waning global market conditions on Indian startups”; where funding was down, valuations didn’t follow.
  • Bet paid off: Qualcomm acquires Autotalks, reportedly for $350 million to $400 million, to boost Snapdragon’s automotive safety technology. Ingrid writes that this deal didn’t come as much of a surprise, noting, “In the world of advanced automotive technology, safety has become one of the most important issues, but also one of the most lucrative opportunities, in the building of autonomous and driver-assisted systems.”
  • Don’t blink or you’ll miss it: Ingrid also wrote about Go1, which acquired Blinkist, a speed reading app, with plans to expand enterprise learning.

Startups and VC

NFX’s James Currier: Where unicorn ideas come from and why founders ‘have to keep pivoting’

James Currier, GP at NfX talks about "Where Unicorn Ideas Come From" at TechCrunch Early Stage in Boston on April 20, 2023. Image Credit: Haje Kamps / TechCrunch
  • Network effects: Your product becomes more valuable as more people use it.
  • Embedding: Integrate your services so deeply, customers “cannot rip them out.”
  • Data loops: Gather, process and act on real-time data.

Big Tech Inc.

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Zara Khan

Zara Khan is a seasoned investigative journalist with a focus on social justice issues. She has won numerous awards for her groundbreaking reporting and has a reputation for fearlessly exposing wrongdoing.

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