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Meilisearch lands $15M investment to grow its ‘search-as-a-service’ business

TechCrunch

CEO Quentin de Quelen tells TechCrunch that the new cash will help to expand Paris-based Meilisearch’s marketing and sales teams as the company transitions to an “enterprise-focused” strategy. Available on GitHub, the project grew to over 10 million downloads, making it among the most popular open source search projects.

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Founders Fund backs Vest, a startup out to give Latin Americans a bridge to investing in the US stock market

TechCrunch

Latin Americans seeking the ability to invest in companies trading on the Nasdaq and New York Stock Exchange now have a new option in Vest, a startup that has launched a mobile-first brokerage app with zero-commission trading in the Americas. Financial services for investing and cash management in the U.S. Image Credits: Vest.

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At Last – An Asset Class Achieving High Ownership at Low Cost

Angel Capital Association

By: Nick Zasowski, Director at Global Startup Studio Network Startup studios are gaining steam across the angel investing landscape. Studios do this by using repeatable frameworks (imagine a factory) to test these ideas and back them with funding and resources in order to launch and grow powerful, scalable startups.

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In the Vault: Turning Developers Into Clients With Marco Argenti From Goldman Sachs

Andreessen Horowitz

So, we were doing something like 70 million downloads a day or something like that. So, if you get a bunch of engineers in a room for example, if they need to do a web project, you can count the seconds before the discussion on frameworks come up. So, it was actually quite a big thing. Because engineers they tend to start from the how.

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Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

TechCrunch

The company said that downloads have now passed the 1 million mark, compared to 300,000 a year ago, with production users growing by 300% in the same period — however, it didn’t disclose its active user numbers. Prosperity7’s investment in Zilliz seems to fit nicely into the investor’s mandate.

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When, If Ever, Should Profitable Bootstrapped Startups Raise Capital?

Tomasz Tunguz

I hesitate to compare and contrast bootstrapped and venture backed businesses, because I’m a venture capitalist and it’s very easy to dismiss any analysis as biased in favor of venture investment. You can download this model or clone it in your Google docs to play around with it. Again it’s very basic.

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Daily Crunch: Sources say creator platform Fireside will cozy up to a $125M Series A

TechCrunch

Climate tech is heating up : Data indicate that the market for investing in climate-focused companies is alight, with 2021 bringing hugs sums to the sector. Before we jump into our daily download of startup doings, a few call-outs from today’s coverage. 14 climate tech investors share their H1 2022 strategies. Startups/VC.

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