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Four Fundamental Innovations of Web3 that Will Upend Web2 Incumbents

Tomasz Tunguz

” Internet hegemons have decimated entire spaces: social networks, advertising technology, video streaming and rental, paid email, infrastructure. DAO/Foundations : open-source software is arguably the most important motive force powering innovation in technology. Paying customers in “equity.” There’s one more!

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SG’s Equatorial Space bags $1.5m in Seed funding

AsiaTechDaily

The company’s aim is to enable space access at greatly reduced risk, cost, and environmental impact compared to incumbent solutions. The funding will be used to develop Equatorial Space Systems’s Dorado commercial-sounding rocket family. The first launches of the Dorado rocket are slated for mid-2024.

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Truepill’s latest funding boosts valuation to $1.6B as it works on B2B side of healthcare

TechCrunch

After developing a network of telehealth, diagnostics and pharmacies for consumers, digital health company Truepill is targeting healthcare incumbents like health payers, providers and employer groups. We talk in technology that you are either arming the ‘rebels’ or the ‘empire,’ and in their case, they work with both.

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After raising $10M, Breeze breathes fresh air into a stagnant disability insurance market

TechCrunch

Similar to other insurance products, disability insurance was sold the same way for more than 20 years: using outdated technology, data science and underwriting that didn’t provide consumers an appropriate policy based on their occupation and health. Why VCs are dumping money into insurance marketplaces.

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Commercializing AI in Healthcare: The Enterprise Buyer Perspective

Andreessen Horowitz

Positioning the product (with the enterprise buyer in mind) Frame the problem you’re trying to solve In a recent conversation with Daniel Barchi, CIO of CommonSpirit Health, he compared AI software purchasing to buying a car with lane assist technology. The level of investment scales based on product development approach.

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Lowercarbon Capital and Gradient Ventures Invest $9M in Quilt for Advanced Residential Heat Pump System

American Entrepreneurship

Quilt has developed a highly efficient electric heat pump system that is controlled through a first-of-its-kind integrated software platform. Quilt’s design enables room-by-room control, creating precise climate zones throughout the home while eliminating the need for traditional furnaces and ductwork.

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Together raises $20M to build open source generative AI models

TechCrunch

There’s scores of competition, including incumbents like OpenAI and Anthropic. ” He has a point — insofar as incumbents are feeling the pressure, at least. According to one source, generative AI startups raised $1.7 billion in Q1 2023, with an additional $10.68 Google Cloud, AWS, Azure).