VCs wanted FarmboxRx to become a meal kit, the company bootstrapped instead

May 21, 2024

Some startups choose to bootstrap from the beginning while others find themselves forced into self funding by a lack of investor interest or a business model that doesn’t fit traditional VC. FarmboxRx decided to bootstrap because founder Ashley Tyrner didn’t like the advice she was getting from potential backers. Tyrner told TechCrunch’s Found podcast that […]

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Uber and Lyft’s ride-hailing deal with Minnesota comes with a cost

May 21, 2024

Uber and Lyft drivers in Minnesota will see higher pay thanks to a deal between the state and the country’s two largest ride-hailing companies. The upshot: a new law that gives some protections to drivers while placing limits on state government. The bill, which Gov. Tim Walz has supported publicly and is expected to sign, […]

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a16z’s American Dynamism team launches program to introduce technical minds to VC

May 21, 2024

Andreessen Horowitz’s American Dynamism fund has established a new fellowship program aimed at introducing top engineers and technologists to venture investing, a move that could help the firm less obvious sources for VC talent.  The American Dynamism fund launched in 2023 with the broad aim of supporting companies building in the nation’s interest across hard […]

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Teen fintech Copper had to emergency discontinue its banking, debit products

May 21, 2024

Another fintech startup, and its customers, has been gravely impacted by the implosion of banking-as-a-service startup Synapse. Copper Banking, a digital banking service aimed at teens, notified its customers on May 12 that it would be discontinuing bank deposit accounts and debit cards on May 13. In a letter to customers, CEO and co-founder Eddie […]

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Autodesk acquires AI-powered VFX startup Wonder Dynamics

May 21, 2024

3D tools behemoth Autodesk has acquired Wonder Dynamics, a startup that let creators quickly and easily make complex characters and visual effects using AI-powered image analysis. The two companies have worked closely together for years, but are making it official today. Wonder Dynamics, founded by VFX artist Nikola Todorovic and actor Tye Sheridan, basically made […]

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Farcaster, a crypto-based social network, raised $150M with just 80K daily users

May 21, 2024

Farcaster, a blockchain-based social protocol founded by two Coinbase alumni, announced on Tuesday that it closed a $150 million fundraise. Led by Paradigm, the platform also raised money from a16z crypto, Haun Ventures, USV, Variant, Standard Crypto and others, according to a blog post by founder Dan Romero. Farcaster, the social protocol, invites developers to […]

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Microsoft’s new ‘Volumetric Apps’ for Quest headsets extend Windows apps into the 3D space

May 21, 2024

Microsoft announced on Tuesday during its annual Build conference that it’s bringing “Windows Volumetric Apps” to Meta Quest headsets. The partnership will allow Microsoft to bring Windows 365 and local PC connectivity to Quest headsets, enabling developers to extend their apps into the 3D space. “We’re deepening our partnership with Meta to make Windows a […]

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