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Hello and welcome to the Daily Crunch on Wednesday, March 9, 2022! A few notes before diving into the news: First, our focus on Austin City and the pitch-offs are merging, so startups, this link is for you. And we’ve just announced that Aidin Senkut and Viviana Faga of Felicis Ventures are starting the conversation about Tam, which will be nice. I Alex
Vanity Kip top 3
- Amazon suspends Prime Video in Russia Amazon joins our growing list of companies that are suspending or terminating operations in Russia after the national government launched an incursion into neighboring Ukraine and Amazon is suspending Prime Video in the country. gaming-updates writes: “Amazon has ‘suspended retail shipping to customers in Russia and Belarus.’
- Developer tools don’t cost infinite money: An amazing 2021 in building startups for developers. They raised huge amounts of capital and spawned several high-profile, high-value IPOs. and then the market went yes maybe noand lowered their rating. For startups that are still being built for developers, this is bad news.
- Swiggy is ready for a big IPO: The IPO market is not over yet. We recently learned that Intel is listing Mobileye and that Indian food delivery company Swiggy “has hired bankers in preparation for an initial public offering next year,” according to gaming-updates. It’s still a long way off, but we’re still happy that someone, somewhere wants to make Unicorn available to the public.
Startups and venture capitalists
Today we start with our kick-off report, some notes from our corporate reporter, Ron Miller. First, Miller wrote new data on the future of the robotic process automation, or RPA, market. The bottom line is that growth in the hot segment will slow down in the coming years as AI-based solutions gain more and more market space. Change is coming for companies like the former Unicorn UIPath. And Miller also wrote a recent review of Blink. The startup is focused on simplifying cloud operations.
There was also news today about Publix’s latest deal, this time with Otis for its consumer commerce service. The company was conceived primarily as a competitor to Robinhood, but through a deal with Otis, Publix aims to become a more diversified asset investment platform for consumers.
Oh, and if you’re building a so-called “web3” startup, well, there’s a lot of capital in the market for your work. And now to the rest of the news!
- Strong Compute requires fast training of a machine learning model: By exiting the current group of Y Combinator startups – more specifically in the winter of 2022 – Strong Compute is entering a much larger market. Namely, work related to training a neural network. The company says tools to market today are often easy to use but inefficient.
- Enhanced Oversight to Improve Candidate Experience: Much of the HR tech gaming-updates covers is about business and how it works. Management, which has just raised $8 million, is creating jobs for job seekers. The service provides job seekers with a hub for the application process, which is expected to increase candidate conversion rates.
- Jaya Care pregnancy care focuses on: Motherhood in the United States is not only a national disgrace, but also a stain on the moral standing of our nation. We don’t take good care of pregnant women before and after childbirth. Zaya Care wants to offer future parents more European-style care and knows how to achieve this.
- Today in a good head: Nothing is a hardware startup whose product can be discovered at an upcoming event. Click on the link for more great titles.
- Acorn Summons SPAC in a later round: What happens after you cancel a SPAC deal? Well, if you are an acorn, you are basically collecting a huge amount of money at a similar rate. Now with nine figures in new money, consumer fintech plans to go public in the traditional way in the future.
- Atlantic MoneyWise wants to compete with: TransferWise, now known as MononameWise, is a public company that has done well over the years. So it naturally attracts competition. Forex startup Atlantic Money wants to challenge this fixed fee model. Let’s see if the startup can handle the established public good, the former startup itself.
- Speaking of consumer fintech: Yes!, a digital bank for Nigeria, just raised $1.5 million in a Series A. The company wants to create a one-of-a-kind super app that brings together a large number of financial instruments in one app. This is a model that we have seen working in other markets.
And, of course, there was one more thing: Ardok had just raised $125 million. Branch added $75 million to his coffers. And the Equity team talked about how – and how not to – buy in the community.
Dear Sophie! How long does it take to get parole for an international entrepreneur?
My co-founder and I are E-2 status. We need to find a fast visa option as the VC investment will dilute our capital and we will no longer be able to qualify for E-2.
We are considering Parole for International Entrepreneurs as an option as we can easily qualify depending on the expected investment, but we are concerned about the timing.
I know the IEP is new; How long will it take? Can it be accelerated? Should we consider alternatives?
— Founder of Fly Flying
(gaming-updates+ is our membership program that helps founders and startup teams grow. You can sign up here.)
Big Tech Inc.
Alright, it’s time for Big Tech news. An electric bus rules from above, and I will probably buy one. And why was gaming-updates touting the new iPhone SE so much? Well, because we love fingerprint readers. And we don’t like facial recognition.
- Tiktok launches music marketing and distribution It’s no secret that TikTok has a huge impact in the music business. Songs that go viral on social platforms can generate millions of streams or more. So it’s no wonder the company wants to get into the music business with more than one toe.
- Facebook releases new ‘Groups’ tool to fight propaganda I haven’t been a Facebook user for years, but even I know that the company groups feature is a great place to meet online. Allowing Facebook to create tools for better group management is a welcome addition to today’s web.
- The UK is adding fraudulent advertising to its Internet safety law: Brexit or not, the UK is indeed on a path that is very different from how the EU operates when it comes to technical regulation. For example, today gaming-updates expanded its future digital account.
- As well as Italy Clearview AI. finedA controversial face recognition startup.