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Hey people! Chromecasts have been a favorite of hackers and geeks for a while now, and we’re pretty excited to see the price (with a remote!) drop to $30. Suitable hardware, Brian and Kirsten just published our first Apple Watch Ultra review, so we enjoyed that too. — Christine and hi
The londonbusinessblog.com Top 3
- Do you love gadgets? You will enjoy today’s newsletter: Google’s new Chromecast is a quadruple threat: 4K HDR support, 10,000 apps, costs $30 and has a remote, Ivan writes. Yes please.
- The first cut is the deepest: Just when the Indian hotel chain Oyo thought it was safe to go public, SoftBank lowered its valuation by 73% to $2.7 billion, manish reports.
- No closing time here: Ecommerce company acquiring OpenStore defies the odds of ecommerce aggregators by both performing well in this economy and raising funds, Christine writes. The 1-year-old company, founded by Founders Fund’s Keith Rabois and Atomic’s Jack Abraham, raised $32 million in a round of funding that estimates the company at $970 million.
Startups and VC
Anyone who has to use a wheelchair regularly is at risk of injury from poor circulation. Kalogon believes it can reduce this common but potentially life-threatening condition with a smart pillow that prevents any part of the body from being compressed for too long — and it’s already caught the attention of the VA, Devin reports.
Keeping track of cryptocurrency tax compliance can be tricky, especially since many laws are new (or have not yet been written). That is why Binocs was founded. Users integrate their exchanges and wallets, and Binocs provides a tax report and other accounting data. The startup announced today that it has raised $4 million to expand, Catherine reports.
And a few more around the world (around the world):
When it comes to joining the startup board, VCs and CEOs need to do their job
“You only had one job” might be funny when birthday cake decorating goes wrong, but when it comes to executives failing to show up to board meetings, the stakes are much higher, writes Matt Blumberg, co-founder and CEO of strengthening.
“Disengaged or dysfunctional boards aren’t just bad for CEOs and LPs; they’re bad for everyone,” Blumberg says, a realization that prompted him to adopt a new meeting format that also includes follow-up surveys.
“That’s a lot of moving pieces to manage, but I find it keeps the meeting fresh and well-paced.”
More TC+ goodness:
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Big Tech Inc.
Get ready to bite into a big apple. Brian donned his reviewer hat and looked at the AirPods Pro, which he said had “some very welcome additions to one of the best earbuds out there.” And Brian and Kirsten tried out the Apple Watch Ultra, where one of their closing thoughts was, “the Ultra is much more than an Apple Watch dressed in a rugged case.”
Meanwhile, buy now, pay later, giant Klarna confirmed it had to cut some extra bites from its workforce at a rate of 100 people, though 500 were warned of the cut. Connie writes.
- Adam Levine wishes this already existed: Ivan reports that Instagram is testing a direct message nude filter so that users of the social media app won’t have to see unsolicited nude posts. Too bad there isn’t yet a function to warn you about sending certain messages…
- Don’t get locked up: Natasha L writes about Mozilla’s research into the ability to choose our own web browser on the devices we like to use, rather than getting pre-installed devices.
- Don’t play games: India’s Ministry of Telecommunications proposes to regulate Internet communication services that require platforms to obtain a license before they can operate in the market. Jagmeet has more.
- Single and ready to mingle: Alibaba Cloud has plans to double its cloud service offerings abroad and is poised to spend $1 billion on a “global partner ecosystem upgrade.” Rita writes.
- That’s a big piece of “chain”: Authorities in South Korea discovered another $680 million in “abnormal” crypto-pegged currency transactions, Kate reports. If you keep the score at home, that’s now a total of $7.2 billion since June.