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Hello and welcome to Daily Crunch on Wednesday, March 23, 2022! Today there is a lot to talk about, including a lot of news from both startups and big technologies. but when we go event season, a reminder that you can showcase your startup at our upcoming climate event, and you should host some pretty solid small group chats early on. I Alex
Vanity Kip top 3
- Build-A-Bing: Microsoft has been hacked by the Lapsus$ hacking group, leaking corporate source code for Bing, Bing Maps and Cortana, according to gaming-updates. Does this mean that the founders can analyze the Bing code, learn from it, and build a competitive search engine? will hope?
- Epoch era funding round: The team behind the Bored App NFT event has been busy raising $450 million and laying out a vision for tokens, games and more. A good question right now is why it costs so much to start crypto companies. It seems that each major increase in space is larger than the previous one. How far can the trend go? Well, far, it seems.
- Speaking of crypto: A reminder to keep learning as the Web3 space – as it is – is evolving rapidly and constantly inventing things we can analyze. For example, Chai wants to propose a compensation model for open source developers in the crypto world, while our latest reporter has DeFi (Decentralized Finance) TVL (Total Value Locked) notes reporting that this is how busy the investment game is. Blockchain.
Startups and venture capitalists
Pros and cons of Pro Rata: Before we move on to discrete funding and product launches, a word about apportionment. Proportional rights are perks that investors often use in transactions so they can protect their stake in a startup over time. Proportional distribution allows investors who bought 5% of the company’s shares early to pay off in subsequent rounds to prevent excessive dilution. However, Vijay Chatha of VSC Ventures believes that apportionment is indeed outdated and should be abolished. A few things to think about.
Today in the Mega Round: The $100 million Series A fund used to be news. Nine figure startup today round Can slip through cracks. To avoid this, gaming-updates wrote RapidAPI (3rd party API integration) to raise $150 million, Island (enterprise browser technology) raised $115 million, Astronomer (data orchestration tools) raised $213 million, and Datakin bought.
And this summer, the first Nothing phone will appear. So if you’re not happy with existing mobile phone OEMs, there’s a new option coming up.
- Drones are big business: The Japanese company Teradrone has just put together a massive $70 million Series B. Why? gaming-updates, founded in 2016, says the company “develops drone software, hardware, and traffic management solutions for drones.” This means the company can help its market avoid traffic jams with drones.
- Datagen grows for synthetic datasets: Datagen has also acquired the larger B-series, although at $50 million it’s slightly less than the Teradron. Either way, the company’s technology allows the creation of custom synthetic datasets that customers can use to train their computer vision tools. There is a significant market for its services that Datagen has been able to raise enough capital to highlight the work being done more broadly in computer vision.
- Strawberry skyscraper: This vertical farming company will sell OnePointOne to California-based Giant Berry Farms. gaming-updates notes that the company is following Bowery in the market. Oversaturation? not a little. I can eat a whole bag of strawberries for breakfast. apply them.
- Rugged Robotics makes Roombass construction-oriented robots: not very good certainly, But close enough. Robust robots draw models of buildings on the floor. Thus, Rugged is both a robotics company and an automation company. We note that “the company’s technology is designed to improve accuracy, not replace humans in the workplace,” but it still replaces humans with robots, which is never a bad thing.
- and from the end Ron MillerIScratchpad adds deal alerts to identify the most promising prospects.I think this story is good because it shows that you can build a business on someone else’s platform, but take a turn to make the service a little better. In this case, Scratchpad is now “a supplier’s central workspace, using intelligence to identify the most likely opportunities to close deals,” writes Miller.
Product-Driven Development Handbook
In a bygone era, companies threw elbows and money to enter new markets and attract customers. Today, in the era of end users that has lasted a decade or more, consumers are wagging their tails.
The product-driven growth model has become widespread: instead of wasting resources on customer acquisition, PLG companies are scaling faster and more efficiently.
Vidya Raman, Partner and former Product Manager at Sorenson Ventures, shares her needs with gaming-updates+ to make PLG efforts more successful and sustainable.
“Think of bite-sized experiences, each of which will have a meaningful outcome for the client,” she says.
(gaming-updates+ is our membership program that helps founders and startup teams grow. You can register hereI
Big Tech Inc.
- YouTube announces promotional TV shows: During the pandemic, Roku was having a great time making money from people watching shows and ads at home. YouTube wants to get in on the action, which is why it’s also launching ad-supported TV shows. According to our data, about 4,000 episodes were filmed at the time of launch.
- With Google Cloud, customers can now pause virtual machines: The last code I actually wrote was in high school so I never felt the need to pause a VM in the public cloud. But Google’s public cloud infrastructure now provides that option, if that’s your problem.
- Microsoft wants game developers to move to the cloud Speaking of public clouds, today at the gaming conference Microsoft announced a new product called the Azure Game Development Virtual Machine. This is a workstation for game development, but in the cloud.
- Is a car sunroof a good idea? The new Hyundai Sonata Hybrid features rooftop solar panels that some say are too small for any job. However, gaming-updates notes that their effects may actually stack with certain ingredients in the long run.
- The Instagram timeline starts with: If you are an Instagram user, you can now use the timeline. After being tested earlier this year, the new feature is now available to everyone, along with “another new feed filter option that lets you view messages from your favorite accounts,” writes gaming-updates.
- Snap buys headband company: Fresh off its quarterly earnings, Snap isn’t slowing down. No, the social giant bought NextMind, which makes brainwave-reading hardware to interact with PCs. Snap, what’s on your mind?