Wed.May 03, 2023

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Angel Investors - Are You Fishing in the Right Pond?

The Seraf Compass

Warren Buffett is known for turning a great phrase. Besides being the second richest person in the world, he is a creative writer with an ability to explain complex topics in a simple and effective way. Buffett’s concept of winning the Ovarian Lottery is an excellent starting point for the second article in our series on building a diverse portfolio.

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Four investors explain why AI ethics can’t be an afterthought

TechCrunch

Billions of dollars are flooding into AI. Yet, AI models are already being affected by prejudice, as evidenced by mortgage discrimination toward Black prospective homeowners. It’s reasonable to ask what role ethics plays in the building of this technology and, perhaps more importantly, where investors fit in as they rush to fund it. A founder recently told TechCrunch+ that it’s hard to think about ethics when innovation is so rapid: People build systems, then break them, and then edit.

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Advance Intelligence Group secures $80m for AI-powered financial services

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Singapore-based AI-driven technology company Advance Intelligence Group has raised $80 million in funding from an investor consortium led by existing investors Warburg Pincus and Northstar Group. The new round follows the Group’s Series D funding of over $400 million in 2021.

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A comprehensive list of 2023 tech layoffs

TechCrunch

Last year’s techwide reckoning continues. In 2023, layoffs have yet again cost tens of thousands of tech workers their jobs; this time, the workforce reductions have been driven by the biggest names in tech like Google , Amazon , Microsoft , Yahoo and Zoom. Startups, too, have announced cuts across all sectors, from crypto to enterprise SaaS. The reasoning behind these workforce reductions follows a common script , citing the macroeconomic environment and a need to find discipline on a tumultuo

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Navigating the Future: Generative AI, Application Analytics, and Data

Generative AI is upending the way product developers & end-users alike are interacting with data. Despite the potential of AI, many are left with questions about the future of product development: How will AI impact my business and contribute to its success? What can product managers and developers expect in the future with the widespread adoption of AI?

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Hypd raises $4m to empower content creators in India

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Hypd , the Indian tech platform that enables content creators to monetize their influence, has successfully raised $4 million in a pre-series A funding round led by Orios Venture Partners. Existing investors Sauce VC and Better Capital also participated, doubling down on their previous investments.

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The Greatest Profitability Turnaround in Software History

Tomasz Tunguz

Which database generated a -$1.8b loss & within a year produced $130m in profits? Ethereum. Last year, I compared MongoDB & Ethereum growth to draw a parallel between two major database companies. This year, web3 activity has fallen dragging revenues along for the roller coaster ride. Ethereum revenues have collapsed 82%, which makes the earnings change that much starker.

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AI-powered supply chain startup Pando lands $30M investment

TechCrunch

Signaling that investments in the supply chain sector remain robust, Pando , a startup developing fulfillment management technologies, today announced that it raised $30 million in a Series B round, bringing its total raised to $45 million. Iron Pillar and Uncorrelated Ventures led the round, with participation from existing investors Nexus Venture Partners, Chiratae Ventures and Next47.

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Exploring and Creating New Frontiers in Technology

Jason Malki

I had the pleasure of interviewing Radha Amalraj. Radha has over 16 years of experience at large Tech organizations such as Meta, Google, Amazon, and Twitter as well as scaling up some Tech startups, and worked on setting up her own startup. She was managing Global Business Partnerships at Meta and is now Vice President of Sales at Immutable, a leading Web3 Gaming Technology company.

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Nova is building guardrails for generative AI content to protect brand integrity

TechCrunch

As brands incorporate generative AI into their creative workflows to generate new content associated with the company, they need to tread carefully to be sure that the new material adheres to the company’s style and brand guidelines. Nova is an early-stage startup building a suite of generative AI tools designed to protect brand integrity, and today, the company is announcing two new products to help brands police AI-generated content: BrandGuard and BrandGPT.

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Your Fractional Finance and Accounting Team

Mighty Financial specializes in supporting the financial aspirations of small businesses and entrepreneurs. With our comprehensive bookkeeping and precise accounting expertise with decades of experience across diverse financial roles, our team offers tailor-made services ranging from essential bookkeeping to strategic fractional CFO support, catered specifically to the unique challenges of technology companies, startups, and SMEs.

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[The EVERY Company in Business Wire] The EVERY Co. and Alpha® Foods Enter Joint Development Agreement to Bring Next-Generation Alt Meat to Market??

OurCrowd

DALY CITY, Calif. & GLENDALE, Calif.–(BUSINESS WIRE)–The EVERY Co., a trailblazer in animal-free protein production, has announced a Joint Development Agreement with Alpha Foods, a category-leading brand that makes a craveable and accessible range of plant-based foods. The collaboration will accelerate improvements in the taste and texture of non-animal products, as EVERY’s proteins–which are more sustainable, nature-equivalent versions of animal proteins–combined with Alpha’s ch

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Down rounds are prevailing as power shifts to VCs again

TechCrunch

It appears things are not going well for startups these days. Down rounds, or a funding round in which a startup raises capital at a lower valuation than its last investment, have become more common than the venture community has seen in nearly half a decade. According to data from Carta , down rounds nearly quadrupled in number in Q1 2023 compared to a year earlier.

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[BioCatch in Permira] BioCatch, the Leading Online Fraud Detection Platform, welcomes Permira Growth Opportunities as a significant shareholder

OurCrowd

New York and Tel Aviv, 03 May 2023 – BioCatch, the pioneer of behavioral biometrics intelligence and a global leader in digital fraud detection, today announced that Permira Growth Opportunities has acquired a significant minority stake in the company from existing investors, making it the third largest shareholder in the company, following Bain Capital and Maverick Capital.

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Spawning lays out plans for letting creators opt out of generative AI training

TechCrunch

The legal spats between artists and the companies training AI on their artwork show no sign of abating. Within the span of a few months, several lawsuits have emerged over generative AI tech from companies including OpenAI and Stability AI, brought by plaintiffs who allege that copyrighted data — mostly art — was used without their permission to train the generative models.

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How Embedded Analytics Gets You to Market Faster with a SAAS Offering

Start-ups & SMBs launching products quickly must bundle dashboards, reports, & self-service analytics into apps. Customers expect rapid value from your product (time-to-value), data security, and access to advanced capabilities. Traditional Business Intelligence (BI) tools can provide valuable data analysis capabilities, but they have a barrier to entry that can stop small and midsize businesses from capitalizing on them.

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7 Lessons Learned from 7+ Figure Transactions

Entrepreneur's Handbook

The secrets of multimillion-dollar transactions (ranging from 7 to 9 figures) from someone who’s been a buyer, advisor, & seller.

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Bend is taking on Brex and Ramp with a green twist and a $2.5M seed round

TechCrunch

When the SEC announced that it planned to require companies under its purview to disclose their climate-related risks and emissions, plenty of companies started publicly clutching their pearls. Tracking down the extent of their pollution would simply be either too expensive, too difficult or both, they said. No surprise there: Companies strike a similar tone every time a new regulation is proposed.

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Field Notes: Digital Branding with Susan Plagemann

Andreessen Horowitz

This is Field Notes , a video podcast series by a16z that explores the business models and behaviors that are changing consumer technology. In this episode, host Connie Chan talks to Susan Plagemann, the president of WME Fashion and a … The post Field Notes: Digital Branding with Susan Plagemann appeared first on Andreessen Horowitz.

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Former NBA star Rick Fox’s startup gets $10M pre-seed for concrete that removes CO2

TechCrunch

No doubt that Rick Fox has had plenty of emotional moments in his life. There was the birth of his children, of course, and as a member of the Los Angeles Lakers in the early 2000s, he won three NBA championships. But last week, it’s clear that his third act — that of a startup founder — is becoming one of those moments. “I’ve been a part of a lot of amazing journeys and industries, from entertainment to movies and TV.

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Digitalization: 5 Tech Updates That Will Help You Survive The Recession & Thrive

Lack of digitalization decreases business competitiveness. To thrive, embracing modern solutions becomes essential. The approach to digitalization often aligns with a company's business model. This shift not only boosts productivity but also automates processes and improves security. The tech market offers a wealth of technologies tailored for management, planning, and forecasting, replacing outdated pen-and-paper methods.

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Mercu raises $1.6m Seed round to boost deskless workforce enablement

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Mercu, a platform focused on helping employers manage and retain their deskless workforce, has raised $1.6 million in seed funding. Investors include TEN13, 500 Global, Flying Fox Ventures, Archangel Ventures, XA Network, and existing investor Sequoia Capital India.

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European startups: Apply to Startup Battlefield 200

TechCrunch

Genius doesn’t recognize borders, and neither do we when it comes to the Startup Battlefield 200 (SB 200). The global search continues for the top early-stage founders building the next generation of startups with world-changing impact. Europe: The Startup Battlefield 200 wants your startups Today, we’re urging early-stage startups across Europe to apply for the Startup Battlefield 200 at Disrupt 2023.

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[Air EV in Avionics International] Updates on the AIR ONE eVTOL from CEO Rani Plaut

OurCrowd

Avionics caught up with the CEO of AIR, Rani Plaut, on the company’s latest progress and its goals for the AIR ONE eVTOL aircraft. AIR first unveiled its eVTOL and began accepting pre-orders for the vehicle in October 2021. Read more here. The post [Air EV in Avionics International] Updates on the AIR ONE eVTOL from CEO Rani Plaut appeared first on OurCrowd Blog.

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African startups: Apply to Startup Battlefield 200

TechCrunch

Our global search continues, and today, we’re urging early-stage startups across Africa to apply for the Startup Battlefield 200 at Disrupt 2023. The application window closes on May 15 at 11:59 p.m. PDT. Africa: The Startup Battlefield 200 wants your startups SB 200 is the startup world’s preeminent competition, and it has a global reach. The inaugural cohort, which debuted last year at Disrupt 2022, included three impressive early-stage startups from two African nations.

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Embedding BI: Architectural Considerations and Technical Requirements

While data platforms, artificial intelligence (AI), machine learning (ML), and programming platforms have evolved to leverage big data and streaming data, the front-end user experience has not kept up. Holding onto old BI technology while everything else moves forward is holding back organizations. Traditional Business Intelligence (BI) aren’t built for modern data platforms and don’t work on modern architectures.

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[data.world in Austin Business Journal] M&A Wrap: Data.world adds tech from another Austin startup; Netspend reunited with founders in $1B deal

OurCrowd

Check out the latest mergers and acquisitions impacting the Austin-area business scene, including the founders of Netspend buying back the business for $1 billion in cash — with help from a private equity firm. Read more here. The post [data.world in Austin Business Journal] M&A Wrap: Data.world adds tech from another Austin startup; Netspend reunited with founders in $1B deal appeared first on OurCrowd Blog.

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The outside advantage that your investor may be interested in

TechCrunch

Hello, and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Wednesday show, where we niche down to a duo, think about their work and unpack the rest. This week, Natasha Mascarenhas interviewed Sam Chaudhary , CEO and co-founder of ClassDojo, and Chris Farmer , CEO of SignalFire, a venture firm that recently announced a $900 million fund to back tech startups.

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[Appdome in Intelligent CIO] Singaporean consumers demand better protection from mobile app brands 

OurCrowd

Appdome, the mobile economy’s only cyberdefense automation platform, has revealed the results of a new survey of 25,000 consumers showing Singaporeans have high expectations of mobile app security, mobile fraud prevention and on-device malware protection compared to their global peers. Read more here. The post [Appdome in Intelligent CIO] Singaporean consumers demand better protection from mobile app brands appeared first on OurCrowd Blog.

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Mercu meets deskless workers where they are

TechCrunch

Many employee engagement and retention tools were created with the assumption that workers spent most of their time at desks. But the majority of the global workforce is deskless, meaning that they are usually on the move and don’t have constant access to a laptop. A lot of them are also dissatisfied with their jobs , which means companies need to deal with high churn and low retention rates.

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PE Mastery: CAPTARGET's Playbook for Quality Lead Flow

CAPTARGET presents a masterclass in M&A deal sourcing. Learn to cast a wide net, embracing seller self-identification. Consistency is the linchpin: keep the origination process steady for a reliable flow of opportunities. Diversify your tactics, employing various tools and vendors. Tech matters! Understand DNS settings, domain authority, and brand presence for optimal outreach.