November, 2023

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How Much Does it Cost to Use an LLM?

Tomasz Tunguz

How much does AI cost? It depends on a a few different dimensions, but for a typical use case where a user enters a query & expects about a 200 word response, the cost varies from $0.03 to $3.60. Different models cost different amounts. Also, the size of the context window is an important factor. The context window is a fancy way of saying the quantity of background information the user can provide to the AI.

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Why you really DO need a technical co-founder

Y Combinator

As YC Group Partners, we’re consistently surprised that anyone looking to start a VC-funded tech company would need to be convinced they need a technical co-founder. The usual arguments are that no-code tools, part-time consultants, or dev shops can allow anyone with a business idea to start a tech startup and raise money. “New tools make starting a venture-funded tech company easy for anyone to do!

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MYbank showcases digital solutions for SME financing at the Singapore Fintech Festival 2023

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register At the Singapore Fintech Festival (SFF) on November 16, 2023. MYbank, a leading internet bank in China and an associate of Ant Group , showcased digital solutions with the goal of improving accessibility to financial services for small and micro-sized enterprises (SMEs) and the agricultural sector.

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AI: The Teammate Clinicians Need

Andreessen Horowitz

Our healthcare workers need our help. Our clinicians are burned out. After the Covid-19 pandemic, only 57% of physicians said they would choose the field of medicine again. Another recent study reported nurse burnout rates higher than 50%. Our clinicians are battling mental illness. Approximately 10% of physicians have reported having thoughts of suicide, and physicians have one of the highest rates of suicide of any profession.

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The Big Payoff of Application Analytics

Outdated or absent analytics won’t cut it in today’s data-driven applications – not for your end users, your development team, or your business. That’s what drove the five companies in this e-book to change their approach to analytics. Download this e-book to learn about the unique problems each company faced and how they achieved huge returns beyond expectation by embedding analytics into applications.

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Making Northcentral PA the Global Center for Advanced Pressed Materials

Ben Franklin Technology Partners

In an era of technological advancement and economic transformation, Northcentral Pennsylvania finds itself at the forefront of a remarkable development. The North Central Regional Planning and Development Commission , based in Ridgway, PA, along with partners Ben Franklin Technology Partners of Central and Northern Pennsylvania, Penn State DuBois , and the University of Pittsburgh at Bradford , has secured a $400,000 Strategic Development Grant from the US Economic Development Administration (ED

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How Inversion Art is trying to become the Y Combinator of the arts world

TechCrunch

What if a little bit of investment, a splash of mentoring and practical support, a slew of introductions, and a whole lot of belief could be used to help artists with their careers? © 2023 TechCrunch. All rights reserved. For personal use only.

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When He Tried to Buy and Develop a Distressed Shopping Center in Baltimore, He Found an 80-Year-Old Legal Covenant That Banned Black Ownership. Here's What He Did Next.

Entrepreneur - Entrepreneurs Category

Lyneir Richardson, co-founder and CEO of Chicago TREND Corporation, discusses the company's efforts to accelerate economic development in urban neighborhoods.

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Authentick Secures $4 Million in Seed Funding for Wallet-Free NFT Experience

AsiaTechDaily

Bookmark ( 0 ) Please login to bookmark Username or Email Address Password Remember Me No account yet? Register Authentick has raised a seed funding round that has brought $4 million in capital to the table. The funding was led by Menyala, the venture-building platform associated with Singapore’s Temasek. Authentick also introduced its NFT platform, Authentickator, designed to simplify the experience of exploring, purchasing, and authenticating digital collectibles or non-fungible tokens

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Outclassed: The Battle for Therapeutic Market Share

Andreessen Horowitz

We are firmly in the century of biology. The last two decades have seen explosive advancement in biomedical and therapeutic innovations, like the Human Genome Project , the discovery of CRISPR , and the rapid development of Covid-19 mRNA vaccines, to name a few. This rapid innovation has been fueled by an unprecedented amount of investment. Despite the recent slowdown, venture capital investment in the biotech sector in the US ballooned to nearly $25 billion in 2022 from just under $4 billion in

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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.

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Coworking Megatrends 2024 – A new vertical emerges

GCUC

Coworking Megatrends 2024 – A new vertical emerges Before you begin, I recommend you have a look back at my megatrends from last year. It’s still pretty spot on if I do.

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The Advantage of Having Venture Backed Friends

This is going to be BIG.

I’ve made over 100 investments in my career and nearly half of those went into diverse teams. I’ll be the first to back up the notion that diverse founders have just as much ambition, drive, intellectual horsepower, creativity—you name it—than anyone else. In fact, you could make the argument that, because of their lack of advantages in other areas, the ones who make it to a venture pitch actually have more of these raw ingredients because they’ve had to in order to make it to the same destinati

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Innovation or folly? The Cybertruck will test whether anyone still trusts Tesla

TechCrunch

The Tesla Cybertruck, the first of which will be delivered Thursday four years after its debut, is loved and loathed. For fans, it’s a symbol for what Tesla and its CEO Elon Musk stand for: creativity, irreverence, rebellion. Others see it as an act of hubris. It could be both. Either way, the stakes are […] © 2023 TechCrunch. All rights reserved.

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The Software Industry's Productivity Boom: Analyzing Revenue per Employee Trends

Tomasz Tunguz

Recently, I was on the HR Heretics podcast and we talked about the increasing efficiency of software companies (in addition to other topics including the implications of AI for executives, how to diligence a candidate, & what board members expect of their people leaders). I realized It has been a decade since I’ve updated revenue-per-employee metrics.

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How to Stay Competitive in the Evolving State of Martech

Marketing technology is essential for B2B marketers to stay competitive in a rapidly changing digital landscape — and with 53% of marketers experiencing legacy technology issues and limitations, they’re researching innovations to expand and refine their technology stacks. To help practitioners keep up with the rapidly evolving martech landscape, this special report will discuss: How practitioners are integrating technologies and systems to encourage information-sharing between departments and pr

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Product/Market Fit: Experience & Data

A Smart Bear: Longform

Companies that achieve Product/Market Fit -- both self-funded and VC-funded -- exhibit the same prototypical metrics curves and subjective experiences.

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Clinical Copilots: Augmenting Human Care with Suchi Saria

Andreessen Horowitz

AI trailblazer Suchi Saria, PhD, in conversation with Vijay Pande, sheds light on the winding path that led her to launch Bayesian Health, a bold effort to infuse intelligence into clinical workflows. With infectious optimism, Suchi describes her vision to create “clinical copilots” that augment human capabilities and unburden care teams.

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FTC Chair Lina Khan on AI regulation, startup acquisitions, and more

Y Combinator

As we've said before: you may not be interested in government, but the government is absolutely interested in you. For anyone working in startups and tech, this only gets more true by the day. FTC Chair Lina Khan went on a whirlwind tour of Silicon Valley last week as she looks to better understand and strengthen the relationship between Silicon Valley and DC.

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20 Tips for Pitching New Business Ideas to Potential Investors

Startup Blogpost

20 Tips for Pitching New Business Ideas to Potential Investors To provide you with the best advice on pitching new business ideas to investors, we asked twenty CEOs, Founders, and other professionals for their top tips. From highlighting potential returns and problems to starting your pitch with the customer’s story, these leaders shared their insights on how to effectively present your business ideas to potential investors.

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Statement of Cash Flows vs. Cash Flow Statement

Speaker: Wayne Spivak - President and Chief Financial Officer of SBA * Consulting LTD, Industry Writer, and Public Speaker

The old adages that "cash is king" and "you can’t spend profits" still hold true today. But however well-known these sayings might be, it requires a change in mindset to properly implement a cash flow management system that predicts your business's runaway as accurately as possible. Key to this new mindset is understanding the difference between the Statement of Cash Flows, a historical look at the source and uses of cash, and the Cash Flow Statement, which uses transaction history and forward-l

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Candex lands $45M infusion to grow its procurement management business

TechCrunch

Candex, a startup that aims to simplify procurement — specifically vendor management and payment processes — for businesses, today announced that it raised $45 million in a Series B investment led by Goldman Sachs with participation from WiL (World Innovation Lab), Altos, NFX, Craft, JP Morgan, American Express and Edenred. The tranche brings Candex’s total […] © 2023 TechCrunch.

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What's Measured is Managed : Earnings Surprise in Public Software in Q3 2023

Tomasz Tunguz

Six quarters ago, profitability became the most important factor to public software valuations. 14 public software companies have reported earnings in this quarter so far. These companies’ earnings surprise has been prodigious. Earnings surprise is the difference between how much the market expected in earnings compared to actuals. Positive surprise means a better result than expected.

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Singapore-based startup EduFi raises funding for its student loan platform

TechCrunch

EduFi, a fintech startup that enables financially strapped students to secure loans for their education, has raised $6.1 million in a pre-seed round led by Zayn VC with participation from Palm Drive Capital, Deem Ventures, Q Business and angel investors. The Singapore-based startup has launched an artificial intelligence-powered study now, pay later (SNPL) lending platform […] © 2023 TechCrunch.

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Warren Buffett’s Berkshire Hathaway exits Paytm at a 40% loss

TechCrunch

Berkshire Hathaway sold its shares in the Paytm-parent firm One97 Communications Friday, booking a loss of about 40% on the investment it made more than five years ago. The Warren Buffett firm invested about $260 million in Paytm in 2018, acquiring a 3% stake in the financial services startup at a valuation of about $10 […] © 2023 TechCrunch. All rights reserved.

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How to Avoid the Pain and Cost of PCI Compliance While Optimizing Payments

Speaker: P. Andrew Sjogren, Sr. Product Marketing Manager at Very Good Security, Matt Doka, Co-Founder and CTO of Fivestars, and Steve Andrews, President & CEO of the Western Bankers Association 

PCI compliance can feel challenging and sometimes the result feels like you are optimizing more for security and compliance than you are for business outcomes. The key is to take the right strategy to PCI compliance that gets you both. In this webinar, we have a great set of panelists who will take you through how Zero Data strategies can be used as part of a well-rounded compliance and security approach, and get you to market much sooner by also allowing for payment optimization.

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Why Mozilla is betting on a decentralized social networking future

TechCrunch

Consumers are hungry for a new way of social networking, where trust and safety are paramount and power isn’t centralized with a Big Tech CEO in charge… or at least that’s what Mozilla believes. The mission-driven tech company behind the Firefox browser, Pocket reader and other apps is now investing its energy into the so-called […] © 2023 TechCrunch.

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Apple CEO Tim Cook says AI is a fundamental technology, confirms investments in generative AI

TechCrunch

Apple CEO Tim Cook pushed back a bit at the notion that the company was behind in AI on yesterday’s Q4 earnings call with investors, as he highlighted technology developments that Apple had made recently that “would not be possible without AI.” Specifically, the exec pointed to new iOS 17 features like Personal Voice and […] © 2023 TechCrunch.

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OpenAI’s initial new board counts Larry Summers among its ranks

TechCrunch

Meet OpenAI’s new board of directors: Bret Taylor, Larry Summers and Adam D’Angelo. Or, more precisely, the board for the time being. We have reached an agreement in principle for Sam Altman to return to OpenAI as CEO with a new initial board of Bret Taylor (Chair), Larry Summers, and Adam D'Angelo. We are collaborating […] © 2023 TechCrunch.

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Saviu Ventures’ second fund reaches €12 million first close to back Francophone Africa startups

TechCrunch

Saviu Ventures, a VC firm targeting startups in Francophone Africa, has made an initial close of €12 million for its second fund with the backing of private investors, including French and Kenyan family offices. The VC firm aims to close the fund at between €30 million and €50 million to primarily invest in startups within […] © 2023 TechCrunch.

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Building Healthy Innovation Ecosystems for Your Projects

Speaker: Nick Noreña, Innovation Coach and Advisor, Kromatic

Every startup and innovation project exists within an ecosystem that either helps or hurts that project. As innovation managers, we need to keep a pulse of that ecosystem and make sure we're helping those innovation projects we're managing every step of the way. In this webinar, Nick Noreña will walk through an Innovation Ecosystem Model that he and his team at Kromatic have developed to help investors, heads of product, teachers, and executives understand how they can best support innovation in