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Time to do the Friday dance! We’ve talked about our digital TC Periods: Robotics occasion a number of instances, however we’ve obtained some excellent news for occasions followers. Hold on to your blockchains and sharpen these crypto wallets — we’re doing a DailyTech Periods: Crypto in November as nicely! Glad weekend! See y’all on Monday. — Christine and Haje
The DailyTech Prime 3
- Phrases imply every thing: Microsoft got here underneath hearth lately by builders because of the method it worded a brand new coverage banning profiting off of open supply software program, and whereas the corporate clawed again that coverage, Paul supplies a have a look at what all this can imply.
- No snakes and frozen statues right here: Christine writes about Medusa’s $8 million seed spherical to tackle Shopify with its open supply e-commerce device for small companies to develop their enterprise past the fundamental API implementations supplied by marketplaces.
- B-O-A-R-D: No, it’s not right this moment’s Wordle reply — we checked — however followers of the sport shall be delighted to know that the favored guess-the-word laptop sport is being changed into a board sport, Ivan writes.
Startups and VC
“We have now entered an unprecedented mixture of crypto winter and broad macroeconomic instability, and we have to put together the corporate for the potential of a chronic downturn,” OpenSea CEO Devin Finzer mentioned, as Lucas reviews.
The query bouncing round Alex’s thoughts this morning is why enterprise investments are slowing when a lot capital has been raised by VCs to take a position? (Examine it on TC+, our subscription product.)
NGL and Sendit’s apps are problematic, Sarah writes, as a result of they’ve been utilizing deceptive ways to trick their younger customers into pondering they had been receiving engagement from mates after they weren’t.
Kick off the weekend by bopping alongside to this wildly darkish and weirdly threatening EDM observe from Rüfüs Du Sol, as you skim the perfect of the remaining:
- Hello, is that Nothing? Brian simply posted his assessment of the Nothing Cellphone (1), sharing that it’s “a refreshing change of tempo in a smartphone market that has misplaced a lot of its sense of enjoyable.”
- Hello, WYD: The race is on, with quite a lot of startups racing to construct a crypto-native, consumer-friendly messaging platforms for web3, reviews Connie.
- Shields up: Along with her new startup, Granitt, Runa Sandvik goals to assist at-risk folks, like journalists and activists but in addition politicians, legal professionals, refugees and human rights defenders, from threats they face doing their work, Zack reviews.
- You get a bank card, you get a bank card: Stori gives bank cards to underserved populations in Mexico. It has raised $50 million in fairness at a $1.2 billion valuation, writes Mary Ann.
- They’re actually going locations: Vektor Companions raises new $126 million fund to look particularly at sustainable mobility firms, reviews Mike.
- It’s the birds, and the bees, and the flowers, and the vee cees: Systemiq secures $70 million to fund early-stage local weather tech founders, reviews Harri.
Pivoting your startup in a bear market: Turn out to be undeniably fundable
Picture Credit: Eoneren (opens in a brand new window) / Getty Pictures
Each founder is looking for methods to preserve money in the meanwhile, however a laser give attention to saving cash as an alternative of making efficiencies will solely delay the inevitable.
In July 2022, traders is not going to again firms that may’t show proficiency in 5 fundamental KPIs, in accordance with Kraig Swensrud, founder and CEO of Certified.
“We’re not going again to the sugar excessive of the previous decade anytime quickly, however with integrity, sturdy management and operational effectivity, we can’t solely survive, however thrive.”
(DailyTech+ is our membership program, which helps founders and startup groups get forward. You’ll be able to enroll right here.)
Huge Tech Inc.
Brian writes that after testing out drone supply in California, Amazon is heading over to the Lone Star State — that’s Texas, y’all — to start delivering within the city of Faculty Station, the place Texas A&M College is positioned. Now when Texans have a look at the sky, it sort of offers a brand new which means to “the celebrities at night time are massive and vivid.”
As one in every of our colleagues famous, TikTok wrote a fairly prolonged put up principally saying that its chief safety officer stepped down from his place. Aisha reduces the information right down to a extra manageable size.
All you Apple Music subscribers on the market gained one other perk with Apple Music Periods, which supplies entry to audio recorded at Apple music studios all over the world. Nation stars Carrie Underwood and Tenille Townes had been the primary to provide it a go, Lauren writes.
Natasha L gave us a great headline right this moment along with her story on a proposal by European lawmakers to make it simpler to share medical information throughout borders, however in a method that can be safe.
Oh, and Bungie is now formally a part of Sony, Taylor reviews.
In case you missed it, our colleagues had been working onerous yesterday, and listed below are some late-day tales we don’t need you to overlook: