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Greetings on this Hump Day. We’ve got one household item for you: we need your vote on which roundtable sessions you’d like to see at Disrupt. And if you didn’t get a chance to read becca‘s piece on what the terms of a venture capital deal look like in this environment, she and Natasha break up the story in today’s Equity podcast. † Christine
The londonbusinessblog.com Top 3
- Hits keep coming: Byju’s capital problems seep into its ability to make payments for a $1 billion acquisition of physical coaching center provider Aakash, manish reports. This follows some layoffs the company made at the online learning platforms Toppr and WhiteHat Jr.
- What are the benefits of these layoffs?: And if you were wondering where all those layoffs in 2022 are coming from, Alex writes that it has little to do with the economic correction we saw in early 2020, but was instead hit by a crappy public market.
- Extra extra, read all about it!: If you were aware of Snapchat+, the new paid plan it was testing, don’t wait any longer. Ivan writes that Snapchat+ is here and costs $3.99 a month for all the new features you can put up with.
Startups and VC
Remember the name Memomi the next time you buy glasses at Walmart or Sam’s Club. The retail giant acquires Memomi, which uses augmented reality technology so you can try on virtual glasses, Sarah reports. While Walmart has no idea of future plans for other applications, it sounds like this is just the beginning of what could come out of the company in the virtual try-on space.
Despite these crazy times, it’s nice to read about venture studios that are speeding up growth instead of slowing it down. Here, annie spotlights Adanian Labs, which she writes plans to grow 300 African companies over the next 5 years.
Here’s what else we saw today:
- You will want to remember her name: Have you met Pilar Johnson of Debut Capital yet? If not, you will enjoy Dominic-Madori‘s profile on Johnson, an investor who, she writes, is “someone to watch.”
- Yes, more layoffs: As carly writes, cybersecurity was “once VC’s darling,” and while breaches are still a big deal, the industry isn’t immune to what’s going on in the tech sector. There are also reports of layoffs at Modsy and Niantic.
- Doctors get their own wingperson: Regard, an LA startup you may remember as HealthTensor, raised $15.3 million in Series A funding to give doctors a “medical copilot” to turn to for help recognizing about 50 different common Medical conditions, Catherine reported.
- Let’s all hurry up† Frederic wrote about Helios, an Israeli startup backed by $5 million in new funding. It helps developers understand how their code interacts with other applications using open source observation tools.
- The data needs to be analyzed somehow: And Zing Data hopes to be that method. Ron wrote about the company’s $2.4 million seed round that puts all that data analytics on your mobile device.
- “The tax code is a turnoff”: We are not sure if more truthful words were spoken. A company called April, which has raised $30 million, is trying to personalize and autofill tax returns, so it’s not like…yeah, Kylea reports.
- Move over, Amazon: Enjoy my story on Nautical Commerce, which has raised $30 million in Series A funding to democratize the way businesses of all sizes can build a marketplace.
- Get animated† Tage reported on Kukua’s $6 million round, which will build on its “edutainment” offering for kids.
- Another new fund† Ingrid spins a delightful story about Entrepreneur First’s $158 million, who will convert it into a green fund to support entrepreneurs.
5 ways to seize the opportunities created by the recent chaos in adtech
This year, TikTok’s ad sales are expected to triple to more than $11 billion, driving Twitter and Snapchat’s combined revenues down.
According to Alex Song, CEO and co-founder of data science company Proxima, this upheaval in media technology stocks creates benefits for early stage startups, “because forced innovation creates a more competitive environment.”
In a guest post from TC+, he shares five strategies “to take advantage of the turbulent advertising environment.”
(londonbusinessblog.com+ is our membership program that helps founders and startup teams move forward. You can register here†
Big Tech Inc.
Let’s start with some car news, okay? Jaclyn wrote about Hyundai unveiling its IONIQ 6 EV sedan. It looks pretty sharp – I may have to add this to my “next car wish list”.
Now to Tesla, where the company laid off about 200 Autopilot employees and closed its San Mateo, California office, Rebecca reported. And in case you’re wondering, Elon Musk still hasn’t tweeted, as of publication.
Chat and Meet are now the new standard for Gmail’s redesigned interface. Ivan writes. You no longer have to manually enable them. Don’t worry, there’s a restore option if you prefer the classic view. But why would you?
Delta and Misapplied Sciences are working on a technology in Detroit that will allow the airport’s flight information display to provide personalized gate and destination information, Frederic writes. If you are a Delta customer going through that, you should try it and report back.
Snapchat may no longer allow anonymous social apps — and for good reason — but Sarah reports that new apps like Sendit and NGL are finding a home on Instagram. I think they’re Meta’s problem now.
Some additional news for you: