“Where is my flying machine?” Generation X is a staple of humor, as it reinforces the cynical notion that technology often falls short of its lofty promises.
Until recently, electric vertical take-off and landing vehicles relied heavily on our imagination. I can name more films about flying cars than EVTOL, but things are changing. The industry went from speculative to competitive overnight, thanks in large part to developments such as composite materials and battery density. and strong investor interest.
Booster invested billions in EVTOL last year as companies such as Joby Aviation, Archer and Lilium used the SPAC to raise funds for research and development and test flight programs.
Full gaming-updates+ articles available to subscribers only
use discount code TCPPLUSROUNDUP Save 20% on a one or two year subscription
In a column for TC+, Ben Tigner, co-founder and CEO of air mobility firm OverAir, identified four trends that are changing how investors, entrepreneurs and the market are responding to the growing EVTOL opportunity:
- increasingly competitive environment
- Increasing mainstream attention
- focus on noise pollution
- eco-friendly travel first
“I have worked in aircraft development for decades, but 2021 was a different year,” writes Tigner.
In January, we reported that Joby Aviation had asked the FCC for permission to operate air taxi flights to destinations in San Francisco. When the time comes, I’m actually curious how many of my friends will be interested in a Blade Runner-style tour of Alcatraz and the Golden Gate Bridge.
I’m not very tall, so I’m looking forward to his video.
Thank you very much for reading and have a great weekend.
Senior Editor gaming-updates+
Turtle co-founder Dmitry Shevlenko: “You can’t do a lot of things right away”
From the outside, it may seem that a startup making several U-turns has no direction.
In fact, changing course is usually the smartest move, as it allows founding teams to take advantage of new technologies and adapt to changing market conditions.
Transportation reporter Rebecca Belan interviews Turtle co-founder Dmitry Shevlenko about her company’s transition “from using a hardware-as-a-service model to a 10% sales target.” Which are created using card payment bots.
The turn is positive, says Shevlenko: “The most important thing about agility is that you can humbly admit that you are wrong, or that you have learned new information and make adjustments.”
Dear Sophie! Is there an easier route to L-1A and VOTE O-1A?
I live in India and run a startup here, but most of my clients are based in the United States. I also have Delaware C Corp, which we founded before the pandemic.
We have three full-time contractors doing business development and sales in the US and I still have a valid B-1/B-2 visitor visa.
As my business continues to grow, I am considering moving to the US with my family and buying a house. What are my best options?
Fearless in India
Don’t Buy for Copyright Infringement or Bad Reputation: A Better Approach to M&A Due Diligence
M&A due diligence consists of many levels, but none of them matter if you don’t identify commitments before closing the deal.
One way to fill this information gap is to start early and incorporate open source information—publicly available information, including freely available and licensed sources—into the due diligence process.
By using public data, applicants can start the process faster, and since there is no need to share information or access the target company’s applications or networks, “preliminary assessments can be completed much faster than a traditional cybersecurity due diligence.” several weeks,” said Nissos CEO David Etu.
When should a startup hire a full-time lawyer?
Every business needs legal advice sooner or later, but when a few hours of work from a lawyer costs about as much as a shiny new laptop, most startups put off working with lawyers until absolutely necessary.
Kristen Korpio, founder of CORPlaw, says it’s better to consider hiring a corporate lawyer when “it hurts a little – when you start to feel stress – rather than too early in your company’s life cycle.”
“Unlike some other positions that may have to be filled, you can find highly qualified outside lawyers to fill the gap as you need ongoing support,” she writes.
How the US Consumer Financial Protection Bureau will shake up the BNPL in 2022
The integration of deferred payments with e-commerce has been a boon for savvy consumers and aspiring merchants. But in the United States, regulators are eyeing the growing BNPL lending market.
In December 2021, the U.S. Consumer Financial Protection Bureau ordered five service providers to “Buy Now”, citing concerns about rising debt, regulatory arbitrage and data collection to “gather information about the risks and rewards” of loans that will be repaid at a later date.
The move is sure to spark a regulatory wave that will “level the playing field in the long run,” writes Yaakov Martin, Zephy’s CEO and co-founder.
Infrastructure law can promote lean building through data collection
Investors and entrepreneurs have a lot of interest in building technology, but general contractors aren’t as enthusiastic.
On active bulletin boards, security, speed, and cost are top concerns, making it difficult to “ensure organization-wide agreement on new hardware,” writes Mirv Oren, co-founder and CEO of Versatile.
The recently passed Infrastructure Investment and Jobs Act provides $100 million in building technology funding, but companies hoping to accelerate adoption should learn how to partner with contractors:
- Avoid Weekly Workouts
- Breakthrough through pilots and proof of concept
- Emphasize the human-centered benefits of technology
- Identify early adopters and trailblazers
How to hire great engineers if you don’t have technical knowledge?
Startup recruiting has always been difficult, but it’s harder than ever to hire technical talent.
Failing to pay fares can lead to serious technical debt: make the wrong estimate and you might even have to refactor, not what you want to explain in a board meeting.
Luckily, smaller companies have many advantages when it comes to onboarding new hires, starting with the fact that they can cut the typical application process down from weeks to days.
Marcelo Wirman, Head of Global Referral Engineering at Delivery Hero, shares strategies for finding, attracting, evaluating and hiring great engineers, “even if you don’t have a technical background.”