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Good morning, you great specimens of humanity! It’s Friday, and I’m penning this from the hammock in my sunny North Oakland backyard, so life ain’t all that dangerous. (I can solely assume that WFH stands for Work From Hammock).
This weekend, earmark a little bit of time to use to our Startup Battlefield 200. It offers you the prospect to exhibit your startup without cost at DailyTech Disrupt in October and win the $100,000 prize. Functions shut August 5, so get cracking!
Have a great one, and see you subsequent week! — Haje
The DailyTech High 3
Startups and VC
It’s all go, go, go on the earth of insurance coverage. Mary Ann stories that Lemonade acquired Metromile and promptly laid off about 20% of its workers. Is sensible, in fact, in a world the place there’s in all probability a good quantity of administrative and operational overlap between the 2 corporations, but it surely’s all the time unhappy to say goodbye to beloved colleagues.
And don’t miss Aria’s piece about how the Exploration Firm is growing a brand-new reusable orbital spacecraft. “The [space] exploration ecosystem goes to vary dramatically within the in all probability subsequent 10 to fifteen years,” co-founder and CEO Hélène Huby defined. “Should you make it occur, you’ve got an enormous benefit of being one of many first out there.”
A number of extra nuggets to take you into the weekend:
- Taking the enjoyable out of every part: A startup is charging $1.99 to jot down strings to feed into platforms like DALL-E, and I despair for humanity. Come on, that’s half the enjoyable! No thanks in any respect to Kyle for making me seethe with confused anger this afternoon. Jerk.
- Making it rain down in Africa: Zedcrest Capital, a agency identified for its debt and fairness capital markets investments however who just lately began dabbling in enterprise investments, has launched a $10 million “emergency fund” for African startups, geared toward pre-Sequence A stage corporations, Tage stories.
- Driving classes for industrial automobiles: Polymath Robotics launches to convey plug-and-play autonomy software program to any industrial car, Kirsten stories.
- The extra you be taught: You recognize what, I’ve by no means learn one in every of Devin’s articles that didn’t make me go, “Huh! I didn’t know that!” At this time, Shinkei Techniques’ AI-guided fish harvesting robotic gave me that second of pleasure.
All my apes gone: Authorized disputes on the intersection of IP and NFTs
Picture Credit: Bryce Durbin / DailyTech
When Andy Warhol appropriated pictures of Campbell’s Soup in 1962, he was fortunate: For a bunch of causes, the corporate determined to not sue him for infringing its trademark.
One wonders how the state of affairs would have performed out 60 years later if Warhol had minted a collection of NFTs with the enduring soup labels, nonetheless.
In her newest TC+ publish, CORPlaw founder Kristen Corpion examined “essentially the most fascinating and vital IP authorized points which can be presently impacting the creation, switch and use of NFTs,” together with trademark infringement, the primary sale doctrine and why Seth Inexperienced ended up paying a $100,000 premium to purchase again his stolen Bored Ape.
(DailyTech+ is our membership program, which helps founders and startup groups get forward. You possibly can enroll right here.)
Massive Tech Inc.
It’s by no means gonna offer you up. It’ll make an effort to by no means allow you to down. It in all probability gained’t run round and desert you. However TikTok could also be contemplating a music service, report Aisha and Ivan in an article that sadly falls in need of the necessary quota of musical puns. Don’t fear, of us, I’ll discuss to her about it.
In the meantime, Annie stories that Kenya is considering giving Fb a smack with the ban-hammer, after the nation’s Nationwide Cohesion and Integration Fee finds that the social media platform isn’t doing sufficient to filter out hate speech.
- Is multimedia coming to Twitter?: Seems to be just like the social media platform is testing letting you publish pictures, movies, and GIFs all in the identical tweet, Ivan stories.
- We don’t need your steeenking advertisements: Roku misses the mark on its quarterly outcomes, and blames promoting slowdown for arising quick, Lauren stories.
- Financial institution stability goes down, shares go up: Amazon reported its earnings and ran at a $2 billion loss. Looks as if stonks love that kind of factor, as a result of the share worth went up, stories Lauren.
- For you, particular worth. For you, it’s double: Twitter Blue will get a worth hike from $2.99 to $4.99 per 30 days, stories Ivan.
- The place do you’re taking somebody after a “peekaboo” accident? To ICU: Instagram just about copied BeReal for its Twin digital camera characteristic, however kinda missed the purpose alongside the best way, Amanda explains.
- Is there something they will’t do?: Video memes, possibly music quickly (see above) and now TikTok begins testing HTML5 minigames with a handful of companions, Sarah stories.