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Day: June 15, 2023

Day: June 15, 2023

VCs joining the climate race should scare the daylights out of you

Venture capital, as an asset class, is an industry of short-term wins. Most funds have a 10-year cycle: two years of initial investments; then two to three years of company building and follow-on investments; after that, five or six years of thumb-twiddling and waiting for the ship to come in, and maybe placing a last bet on the most promising companies in the fund portfolio. This model forms part of a VC’s investment thesis; it also includes where the leads for potential investment come from (known as “sourcing”), along with the investment stage (pre-seed, seed, Series A, etc.), and any

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YC-backed Eze raises new capital for its secondhand electronics marketplace

Eze, a B2B marketplace that connects global electronic wholesalers allowing them to trade devices in large quantities with real-time market data, has raised $3.7 million in an oversubscribed seed round.  Founded by Joshua Nzewi and David Iya in 2020, Eze directly connects distributors and retail stores of used smartphones, mostly iPhones, and other electronics, including laptops and tablets, with electronics suppliers, providing access to an extensive inventory from over a hundred wholesalers and manufacturers. Shipments of used smartphones will have a compound annual growth rate (CAGR) of 10.3% from 2021 to 2026, reaching $99 billion in value, according to tech

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Luminoah’s quest to reinvent tube feeding attracts new funding

When someone is very ill or has had surgery that interrupts ordinary ways of eating and drinking, tube feeding is life-saving necessity — but it’s cumbersome and uncomfortable to use. Luminoah aims to change this with a reinvented tube feeding device that’s more portable, discreet, and easy to use, and it has raised $6 million to bring its design to market. Ordinary tube feeding setups are generally found in hospitals, and are wheeled around like IVs and other gear. That makes sense in a controlled, medical environment, but what if you or your loved one has to do it for

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New guidance from the US Treasury could unleash billions in renewable energy investment

There is a “missing middle” in the market for renewable energy that won’t be missing for much longer. The U.S. Treasury Department on Wednesday announced new guidance, authorized under the Inflation Reduction Act, that will enable the development of a range of renewable energy projects that previously had been too onerous from a tax perspective to tackle. It also allows cities and nonprofits, which have no tax liabilities, to receive direct payments when investing in a range of climate-friendly technologies. The changes could pave the way for hundreds of billions of dollars worth of investment in the coming decade. The

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ChatGPT prompts: How to optimize for sales, marketing, writing, and more

ChatGPT, OpenAI’s AI-powered chatbot, has taken the world by storm. Capable of writing emails, essays and more given a few short prompts, ChatGPT has become one of the fastest-growing apps in history. Beyond that, it’s begun to find a place in the enterprise, particularly with the launch of plugins that connect the chatbot to third-party apps, websites and services. But ChatGPT isn’t always the most cooperative assistant. Getting it to output something specific requires careful fine-tuning of the prompts. A number of resources and guides for ChatGPT prompt writing have sprung up since the tool’s launch. But not all of

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Instagram is rolling out its Channels feature for broadcasting messages globally

Meta announced today that it’s rolling out Instagram’s Channels features for broadcasting messages globally. Until now, the feature was available to select creators and users. Mark Zuckerberg made the announcement on his channel and recommended a few channels like International Cricket Council (ICC), director Karen X. Cheng, influencer Michael Le, and artists Daniel Arsham. The company first launched the Channels feature for Instagram in February to let creators share one-to-many messages with their fans. In May, Instagram introduced support for collaborators on Instagram Channels where Zuckerberg had a chat with Adam Mosseri on his channel. Users can go to the

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Psychedelics startup Nue Life Health rolls out free version of its ketamine therapy tracking app

Nue Life Health is a U.S.-based telemedicine startup that combines psychedelic-assisted therapies and a health tracking app. Previously, the app was only offered as part of its own internal service. However, the startup is now opening up its “Nue app” and its “Nue score” available for free to any patient undergoing ketamine therapy, not just its own. The FDA has approved a variant of Ketamine called “Esketamine” as a medication for depression. The Nue Life app allows patients undergoing ketamine therapy in the U.S. to join Nue Life’s membership services to complement their drug therapy. The app has biometric data

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Learn about the next wave of industrial robotics at Disrupt’s Hardware Stage

Robotics investments were trending in the right direction prior to 2020, but the pandemic dramatically increased investor interest as more firms pushed to automate work. Manufacturing has been automated for decades, and the pandemic also dramatically increased both labor shortages and the deployment of warehouse/logistics robotics. As labor shortages continue, investors see enormous growth potential for a new wave of industrial robots in still largely untapped sectors. So, what’s next? Agtech, construction and healthcare are all good bets.  We’re excited that Claire Delaunay, advisory board member, Farm-ng, Tessa Lau, founder and CEO, Dusty Robotics and Andrea Thomaz, CEO, Diligent Robotics,

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Glystn lets creators bulk reply to multiple followers across social media platforms

Founded by Google AdMob and Yahoo alums, Glystn is a tool for content creators that allows them to engage with followers, gather insights and read/answer comments from multiple social media platforms all in one place. The startup announced the public launch of the web app as well as $4 million in seed funding. The seed round was led by Eniac Ventures, Hannah Grey VC and Future Perfect Ventures. Glystn is also backed by angels Michael Spiegelman, Netflix’s VP of content and business product innovation, and Craig Sherman, managing director of Meritech. “We really believe that Glystn and their multi-platform creator

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Mandiant says China-backed hackers exploited Barracuda zero-day to spy on governments

Security researchers at Mandiant say China-backed hackers are likely behind the mass-exploitation of a recently discovered security flaw in Barracuda Networks’ email security gear, which prompted a warning to customers to remove and replace affected devices. Mandiant, which was called in to run Barracuda’s incident response, said the hackers exploited the flaw to compromise hundreds of organizations likely as part of an espionage campaign in support of the Chinese government. Almost a third of the targeted organizations are government agencies, Mandiant said in a report published Thursday. Last month, Barracuda discovered the security flaw affecting its Email Security Gateway (ESG)

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