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Startup News
Inc42
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Image Credit: Inc42
SEBI Overhauls Norms To Boost Startup IPOs & Reverse Flipping
- SEBI approved amendments to boost Indian startup listings and promote reverse flipping.
- Startup founders can now retain stock options post-listing with certain caveats.
- SEBI extended relaxation for minimum holding period for offer for sale in startups.
- Alternative investment funds can now contribute equity shares towards promoter contribution.
- SEBI permitted AIFs to offer co-investment schemes for co-investment opportunities.
- Angel Fund rules revamped to enhance ease of doing business and accommodate more investors.
- VC firms get a one-time settlement scheme for violations related to transitioning regulations.
- SEBI introduces relaxation in investment thresholds and concentration limits for angel funds.
- The changes aim to attract more investments, provide funding opportunities, and aid in settlement processes.
- SEBI's regulatory tweaks are designed to support the growth and compliance of various investment entities.
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Gritdaily
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Image Credit: Gritdaily
Katherine Dines: Inspiring and Entertaining Children Through Music Education
- Katherine Ann Dines, founder of Hunk-Ta-Bunk-Ta Music, has dedicated over 30 years to creating music for children and families.
- Initially focusing on country and pop music, Dines shifted to writing lullabies that led to a Grammy-nominated album and a new career path.
- Although she missed out on opportunities in mainstream music, Dines found her passion in children's music.
- Dines chose independence and collaborated with educators to integrate her music into classrooms and educational programs.
- She conducted workshops and performances at various venues, including schools, bookstores, and early childhood education conferences.
- Dines' work spans 14 albums, numerous songs, live performances, books, and videos that combine music with movement and storytelling.
- Her albums have received 41 national awards, and she has been involved in various music advocacy initiatives and organizations.
- Dines is a member of several education and music associations and continues to adapt to the digital age with upcoming projects like books and animated videos.
- She aims to create meaningful change through her music and education initiatives.
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TechCrunch
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324
Image Credit: TechCrunch
Six-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash
- Israeli developer, Maor Shlomo, sold his six-month-old vibe-coding startup, Base44, to Wix for $80 million in cash.
- Base44, with 8 employees, achieved rapid growth, reaching 250,000 users in six months and generating $189,000 in profit in May.
- Shlomo shared the journey of Base44 on social media. The platform allows users to build software without coding.
- Base44 attracted partnerships with big Israeli tech companies like eToro and Similarweb.
- Shlomo's decision to sell Base44 was driven by the need for scalability beyond organic growth.
- The acquisition provides Wix with a fast-growing vibe-coding platform for a relatively low price due to Base44's youth.
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TechCrunch
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40
Image Credit: TechCrunch
6-month-old, solo-owned vibe coder Base44 sells to Wix for $80M cash
- Israeli developer Maor Shlomo sells his 6-month-old vibe-coding startup Base44 to Wix for $80 million.
- Shlomo, not truly solo, had eight employees who will receive $25 million as a retention bonus.
- Base44 grew to 250,000 users in six months, generating $189,000 in profit in May.
- The project allows users to build software without coding, supporting various functionalities.
- Shlomo, known for a previous startup, secured partnership agreements with major Israeli tech companies for Base44.
- Base44 was invited by Amazon to demo at a Tel Aviv AWS event due to its use of Anthropic's Claude LLM.
- Despite the growth and profits, Shlomo sold Base44 due to the need for more resources and faster growth.
- Wix acquired Base44 for a relatively low amount compared to similar deals, enhancing its no-code website building offerings.
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TechCrunch
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Image Credit: TechCrunch
Multiplier, founded by ex-Stripe exec, nabs $27.5M to fuel AI-powered accounting roll-ups
- Noah Pepper, former Stripe executive, founded Multiplier in late 2022 to sell software to tax accountants; pivoted to focus on AI enhancing professional service firms.
- Multiplier acquired Citrine International Tax, a tax accounting services provider, and implemented AI tools that doubled its profit margins.
- Multiplier secured $27.5 million in seed and Series A financing, with Lightspeed Venture Partners leading the Series A round.
- The startup trend involves acquiring service businesses and scaling them with AI, supported by various VC firms, including Lightspeed.
- This strategy focuses on acquiring small companies that are more open to process changes compared to larger established firms.
- Multiplier aims to compete with the Big Four accounting firms by expanding its AI-powered solutions beyond personal tax compliance.
- Multiplier seeks to purchase service firms with high recurring revenue, led by individuals eager to leverage AI for business enhancement.
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Pymnts
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Image Credit: Pymnts
Abacus Group Acquires Entara to Bolster Cybersecurity Offering
- Abacus Group has acquired Entara, a Chicago-based managed services provider specializing in financial services sector.
- The acquisition aims to enhance Abacus Group's cybersecurity, professional services, and digital infrastructure offerings.
- Abacus Group plans to extend Entara's incident response capabilities to its clients and bring AI-driven ServiceNow platform for improved service experience.
- The merger enables global expansion of managed IT and cybersecurity services through the abacusFlex platform.
- This combination benefits clients of all sizes, offering premium and compliant services to financial managers and multinational organizations.
- Entara's founder mentioned the merger creates a unique provider in the cybersecurity landscape by scaling service levels without losing personal attention.
- Cybersecurity company Cerby emphasized the importance of secure digital identities in the era of AI.
- Cerby focuses on securing nonstandard applications that are often neglected by traditional identity platforms.
- These applications, not easily integrated with modern identity standards, can be vulnerable to exploitation by bad actors.
- Cerby engages with security teams and line-of-business owners to address unique security dynamics.
- The news was originally reported by PYMNTS.com.
- The acquisition of Entara by Abacus Group is set to bolster Abacus Group's cybersecurity offerings.
- The merger will provide enhanced incident response capabilities and AI-driven services to clients.
- The collaboration aims to deliver premium and regulatory-compliant services to financial managers and multinational organizations.
- The merger aims to scale services from high-touch boutique levels to enterprise-grade global operations.
- Entara's specialized incident response capabilities will strengthen Abacus Group's cybersecurity defenses.
- The news highlights the growing importance of cybersecurity in the financial services sector.
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Gritdaily
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226
Image Credit: Gritdaily
Best Ways to Bolster Your Finances Without Getting Overwhelmed
- There are steps you can take to improve your financial situation without overwhelming yourself.
- Start by tracking your spending to understand where your money is going and make better choices.
- Tackle high-interest debt by paying down credit card balances fast and consider moving to lower-rate options.
- Build an emergency fund to handle unexpected expenses and aim for one month of expenses saved.
- Use automation to save money by setting up automatic transfers and consider retirement savings options like a Roth IRA.
- Seek ways to make extra money through small side gigs, selling unused items, or completing online surveys.
- Continuously learn new skills to improve job prospects and increase earning potential.
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Hitconsultant
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Image Credit: Hitconsultant
Tennr Raises $101M to Solve Healthcare’s Patient Referral ‘Black Hole’
- Tennr, a company addressing the challenges of patient referrals in healthcare, raises $101M in Series C funding led by IVP with participation from other investors.
- The company has significantly increased its revenue and aims to streamline the fragmented and manual patient referral process for specialty care.
- More than one-third of Americans are referred for specialty care annually, leading to a disjointed referral process through fax, email, and e-portals.
- Tennr's platform helps providers manage incoming patients efficiently without disrupting existing workflows.
- Tennr introduces the Tennr Network, offering real-time visibility and coordination for all parties involved in the referral process.
- Referring Providers can track the status of their patients, while Receiving Providers can monitor incoming referrals and improve conversion rates.
- Patients benefit from increased transparency, knowing the status of their referrals, scheduled appointments, and expected costs.
- Tennr's platform features an enterprise orchestration engine and specialized language models like RaeLM tailored for medical documentation analysis.
- Trey Holterman, Tennr co-founder and CEO, emphasizes the importance of enhancing patient visibility in the healthcare journey without disrupting providers' workflows.
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TechCrunch
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137
Image Credit: TechCrunch
Voi CEO says he’s open to acquiring Bolt’s micromobility business
- Voi, a micromobility startup, is interested in acquiring Bolt's micromobility business, although Bolt's business may not be up for sale as per Bolt's response to inquiries.
- Voi CEO, Fredrik Hjelm, mentioned that Bolt faces challenges as it operates in multiple verticals beyond ride-hailing, such as grocery and food delivery.
- Hjelm emphasized the complexities of the micromobility sector, noting the absence of network effects seen in services like food delivery and ride-hailing.
- He highlighted that most micromobility users prioritize experience and affordability over the convenience of using a 'super app' like Bolt.
- Hjelm dismissed the notion that brand recognition alone is sufficient to compensate for a subpar user experience in micromobility services.
- Other panelists criticized Bolt's pricing strategy, mentioning its reliance on price discounts to drive acquisitions and the importance of data-driven vehicle rebalancing practices.
- Bird's Washinushi praised the use of data to optimize vehicle placement for improved ride efficiency and profitability in the micromobility business.
- Bird and Voi reported profitability in recent years, while financial details of Bolt's micromobility business remain undisclosed.
- Hjelm humorously deferred further comments on the potential acquisition to a later date while attending a different event.
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8 Likes
Medium
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Why Most AI Founders Struggle With Content (And How to Fix It Without Burning Out)
- AI founders often struggle with content creation due to time constraints and lack of a system.
- Founders don't need to dedicate hours a week but require a system to extract their voice efficiently.
- Using an onboarding system to capture insights and stories can streamline content creation.
- Content may lack engagement if it lacks emotional hooks, clear positioning, or is too self-focused.
- Utilizing viral structures and focusing on the audience's struggles can enhance content effectiveness.
- Founders should consider hiring a ghostwriter who understands their industry and can capture their tone.
- Content without a strategy won't drive sales; mapping content to the sales funnel is crucial.
- Capturing the founder's tone can be systemized through voice memos and a voice bible for the writer.
- Overcoming the fear of wasting money on content creation involves starting with a trial and setting clear expectations.
- Using a structured content rotation and frameworks like GAP can help founders consistently create engaging content.
- Content creation is essential for founders to establish authority, attract leads, and build a personal brand.
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ISN
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Image Credit: ISN
Urban Company turns profitable in FY25, reports Rs 240 crore profit ahead of planned IPO
- Urban Company, a home services platform, became profitable in FY25 with a net profit of Rs 240 crore, a major improvement from the previous year's loss.
- Operating revenue surged by 38.2% to Rs 1,144 crore, driven by improved operational efficiency and cost control.
- The company's platform services accounted for 65% of the revenue, rising to Rs 742 crore, while revenue from Native-branded water purifiers tripled to Rs 116 crore.
- India operations contributed Rs 997 crore, international markets Rs 147 crore, and additional income came from interest and mutual funds.
- Total expenses increased to Rs 1,223 crore, with cost discipline maintained in major categories despite the rise.
- Profitability was driven by the consumer services vertical in India, while losses were incurred in the water purifier segment and international operations.
- Urban Company filed its Draft Red Herring Prospectus (DRHP) for a Rs 1,900 crore IPO, signaling plans to go public.
- Recent initiatives include 'InstaHelp' for on-demand domestic assistance and expansion into smart locks under the Native product line.
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7 Likes
Medium
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102
Image Credit: Medium
Know, Like, Trust - Jill Johnson on Inclusive Angel Investing
- Jill Johnson is a trailblazer in fostering an inclusive entrepreneurial ecosystem through the Institute for Entrepreneurial Leadership (IFEL).
- An interview with Jill by Lorenza Muñoz discussed the challenges and changes in angel investing for underrepresented founders.
- Investors view funding underrepresented founders as philanthropy, hindering access to capital as it's not seen as viable investments.
- Jill emphasizes the importance of relationships in changing this mindset, stating that people invest in those they know, like, and trust.
- She highlights the value of in-person relationships and how knowing someone's work ethic is crucial.
- Founders often overlook utilizing available resources post-funding, which could aid in conservation of cash and leveraging expertise.
- The challenging environment during the COVID-19 pandemic impacted fund availability, requiring more individuals to step up as part of the solution.
- Jill advises angel investors to diversify their network and build relationships outside their usual circles to enhance inclusivity.
- The article acknowledges the risks of angel investing and emphasizes building meaningful relationships for diversified investments.
- The content focuses on the importance of inclusivity and relationship-building in angel investing and entrepreneurship.
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6 Likes
The Pragmatic Engineer
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457
Image Credit: The Pragmatic Engineer
The present, past and future of GitHub
- GitHub recently celebrated its 17th anniversary, discussing its evolution, remote-first operating model, and integration of AI.
- The CEO Thomas Dohmke shares insights on GitHub's architecture, remote work culture, and AI implementations like Copilot.
- GitHub's architecture transitioned beyond its original Rails monolith, emphasizing a remote-first work environment.
- Key topics include GitHub's security practices, hiring more junior engineers, and early product-market fit strategies.
- The acquisition by Microsoft, launch of Copilot reshaping software development, and views on AI agents as tools are discussed.
- The episode delves into the development of Copilot, starting with GPT-3 during the pandemic and its rapid adoption post-launch.
- Additional topics include AI engineering, GitHub's intern program, pull request invention, and monetization changes post-acquisition.
- Insights on GitHub's quiet period, open-sourcing Copilot extensions, and the relationship between AI agents and engineering roles are explored.
- The episode references various tools, technologies, and industry leaders contributing to GitHub's journey.
- Overall, the episode provides an in-depth look at GitHub's past, present, and future in the context of technology and AI advancements.
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26 Likes
TechCrunch
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316
Image Credit: TechCrunch
Seed to Series C: What VCs actually want from AI startups
- AI investments hit $110 billion in 2024, making the funding landscape in 2025 highly competitive.
- At TechCrunch Sessions: AI, experienced investors outlined their criteria for evaluating AI startups from seed to Series C.
- Investors advise founders to focus on building trust, surviving the hype cycle, and preparing for copycats once product-market fit is achieved.
- VCs emphasize the importance of real relationships over the perfect pitch.
- Challenges of competing with major players without being overwhelmed are discussed.
- Consumer focus and swiftness still play a crucial role in the success of B2B AI.
- The impact of agents and automation on reshaping the startup landscape is highlighted.
- Equity podcast releases weekly news roundup episodes.
- Equity podcast, TechCrunch's flagship show, is produced by Theresa Loconsolo and airs on Wednesdays and Fridays.
- Listeners can subscribe to Equity on various platforms like Apple Podcasts, Overcast, and Spotify.
- Follow Equity on social media @EquityPod and Platforms X and Threads.
- For those who prefer reading, full episode transcripts are available in the archive of episodes.
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18 Likes
Cloudblog
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297
Image Credit: Cloudblog
Automate data resilience at scale with Eon and Google Cloud Backup
- Cloud backups are evolving to be autonomous, cost-efficient, and analytics-ready.
- Eon has partnered with Google Cloud to simplify recovery, eliminate blind spots, and unlock backup data value.
- Resilient cloud backups entail visibility, consistent retention policies, efficient data storage, proactive ransomware protection, and granular recovery options.
- Google Cloud offers foundational capabilities like versioning, retention policies, monitoring for coverage gaps, and designing for granular recovery.
- Automating cloud backup management at scale is crucial, prompting the adoption of autonomous solutions like Eon for consistent protection.
- Backup data is being leveraged for business insights through analysis, training pipelines, and audit-ready dashboards.
- A mature backup posture involves automated discovery, policy-driven protection, immutable backups, search-first recovery, cost-aware tiering, and storage deduplication.
- Eon helps Google Cloud users achieve backup maturity faster without custom tooling or constant policy updates.
- Eon aims to make cloud backup resilient, autonomous, and valuable by offering ransomware protection, object-level recovery, and zero-ETL analytics access.
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