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Startup News
Medium
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I talked to a person who made $2.4M by launching memecoin farms
- A memecoin farmer (scammer) focuses on reverse engineering trading strategies.
- They use tools like sniper bots, transactions bots, and volume bots to manipulate on-chain metrics.
- The process involves buying a large supply, pumping volume, increasing the number of holders, and then dumping on unsuspecting victims.
- To avoid being scammed, it is important to spot high sniping and bundling, fake volume, and fake holders.
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Medium
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The Hero’s Journey: Understanding Your Audience’s True Quest
- Every startup begins with a call to adventure — an idea that has the potential to change lives.
- Successful startups align their products with their audience’s goals, focusing on outcomes that resonate deeply.
- To truly help your audience, understand their desired outcomes and how your product can assist.
- By supporting your audience's journey and delivering real value, your product becomes indispensable.
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Geek Wire
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Seattle startup Moondream, led by AWS vets, raises $4.5M for vision language model software
- Seattle startup Moondream raises $4.5M in pre-seed round for vision language model software.
- Moondream offers a vision language model that can answer questions about images.
- The model operates with 1.6 billion parameters, allowing it to run on phones and edge devices.
- Investors in the pre-seed round include Felicis Ventures, Microsoft's M12 GitHub Fund, and Ascend.
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Medium
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**NanoDefense Pro: A Breakthrough in Surface Protection Technology**
- NanoDefense Pro is an advanced surface protection technology based on nanotechnology.
- It forms a tight, cohesive layer on surfaces without altering appearance or texture.
- The coating has antimicrobial properties, reducing the risk of contamination and infection spread.
- It is durable, resistant to water, heat, and abrasion, while being eco-friendly and safe.
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StartupDaily
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Queensland bio-packaging startup Earthodic banks $6 million Seed round for US push
- Queensland bio-packaging startup Earthodic has raised $6 million in a Seed funding round.
- The funding will be used to expand the product and sales teams, as well as manufacturing and distribution partnerships across the US and Australia.
- Earthodic has developed recyclable bio-based waterproof coatings for paper packaging to reduce packaging waste and eliminate microplastic pollution.
- The startup has acquired patents for renewable biopolymer coatings and secured pilot trials with packaging companies and letters of intent from FMCG companies.
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TechCrunch
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This veteran couldn’t share 3D scans of a burnt naval ship, so he created a startup that can
- Stitch3D, a browser-based platform, allows users to view, share, and manage large 3D files, specifically lidar scans.
- The platform aims to address the issue of transmitting lidar scans with current cloud storage services, which do not support these massive files.
- Stitch3D, founded by U.S. Army veteran Clark Yuan, secured a $1.8 million grant from the Air Force and a $750,000 pre-seed round to develop its technology.
- Aside from military applications, Stitch3D can be used in industries such as forestry, mining, architecture, land surveying, and oil drilling, and has potential applications in augmented reality.
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Medium
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The Future of SaaS: Trends You Can’t Afford to Ignore
- AI and ML are revolutionizing how SaaS products operate, enhancing operational efficiency and enabling personalized experiences.
- Users expect SaaS products to offer intelligent features that anticipate their needs.
- Subscription models are becoming the norm in the SaaS industry, providing flexibility and predictability for customers.
- Embracing partnerships and integrations is essential for SaaS companies to stay competitive and meet evolving customer demands.
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Medium
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Last Week in ConTech — 28 October 2024
- BiltOn, a New York startup, raised $15m in Series B funding, for their construction operations and risk management software i.e. automated time tracking for payroll, daily logs, facial recognition for workforce verification and more.
- Speckle which is a UK startup raised $12.5m in Series A funding. They have developed a centralized platform and collaborative data hub which makes it easier for companies to exchange information in 3D formats, automate workflows more efficiently.
- Furno, a Californian startup has received $20m in grant funding for their zero emission cement producer which builds small, modular and more energy efficient cement plants. The funds will be used to build eight micro-kilns at a concrete plant in Chicago.
- ClearVue Technologies, an Australian company, raised $7.5m via institutional placement for their solar photovoltaic window glazing technology which can be used to power buildings.
- Pantheon AI, a San Francisco startup, raised $25m in funding for their AI enabled architecture software which helps property developers, owners and tenants to generate floor plans, refine the design and provide construction ready documents.
- Urbint, a Miami startup, raised $35m in funding for their AI-enabled risk management tools to help utilities and critical infrastructure companies manage storm and extreme weather events, mitigate safety threats to workers, and prevent damage.
- Zephyr, a New York startup, raised $60m in funding for their technology-enabled home repair and maintenance services focusing on services such as air conditioning, heating, plumbing, and electrical work.
- FiberSense, an Australian startup, raised $14m in funding. They provide ‘fiber-optic sensing technology as a service’ which uses existing fiber-optic cables (used for internet) to help clients such as cities understand traffic movements or to protect critical infrastructure.
- Aether, a San Francisco startup, raised $2.5m in Seed funding for their AI first platform to streamline the process of designing, selling and managing rooftop solar installations including providing a CRM tool from pre-construction phase to delivery, a proposal creator and a CAD engine to generate 3D roof faces and design solar layouts.
- Aira, a Swedish startup, raised €63m in Series B funding for their vertically integrated direct to consumer clean energy platform offering smart heat pumps via monthly plans as well as clean energy tariffs and solar solutions.
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TechCrunch
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MabLab’s improved drug and drink testing strips could make for safer streets and venues
- MabLab has developed improved drug testing strips that detect the five most common and dangerous additives in minutes.
- The strips detect fentanyl, methamphetamine, benzodiazepine, xylazine, and methadone simultaneously.
- MabLab's innovation ensures that different zones and sensitivities on the strip do not interfere with each other, resulting in a more reliable testing method.
- The company plans to distribute the strips through existing channels, targeting universities, clinics, music festivals, harm reduction centers, and emergency services for wider usage.
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TechCrunch
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Step aside, Zoom fatigue, VRTL wants to make virtual fan events fun again
- VRTL is an enterprise platform for entertainment companies to capitalize on virtual fan experiences.
- VRTL offers a versatile platform that combines livestream, video chat, and proprietary fan engagement experiences.
- VRTL's proprietary fan engagement tools include virtual autograph signings and virtual meet and greet events.
- VRTL has gained notable clients such as the NFL's Atlanta Falcons and the Jacksonville Jaguars.
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StartupDaily
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All about ‘hangxiety’ – the science behind feeling anxious after too much booze
- Hangover anxiety or 'hangxiety' affects around 22% of social drinkers. A hangover is the body’s way of recovering after drinking alcohol. Alcohol is a nervous system depressant, meaning it alters how certain chemical messengers (or neurotransmitters) behave in the brain. Genetics may play a significant role in causing hangxiety. Some people drink alcohol to unwind after a stressful day or to make themselves feel more comfortable at social events. The Australian guidelines recommend having no more than ten standard drinks per week and no more than four standard drinks on any one day. If you do wake up feeling anxious, focus on the physical recovery to help ease the mental strain
- Together, this interaction affects your mood, emotions and alertness. This is why when we drink, we often feel more sociable, carefree and willing to let our guard down. As the effects of the alcohol wear off, your brain works to rebalance these chemicals by reducing GABA and increasing glutamate. This shift has the opposite effect of the night before, causing your brain to become more excitable and overstimulated, which can lead to feelings of anxiety. Research suggests people who already struggle with feelings of anxiety in their day-to-day lives are especially vulnerable to hangxiety.
- But one of the most common culprits for feeling anxious the next day is often what you do while drinking. Some people drink alcohol to unwind after a stressful day or to make themselves feel more comfortable at social events. The best way to prevent hangxiety is to limit your alcohol consumption. If you do wake up feeling anxious, try mindfulness meditation or deep breathing exercises, especially if anxiety keeps you awake or your mind races and consider journalling. This can help re-frame anxious thoughts, put your feelings into perspective and encourage self-compassion.
- Hangover anxiety can make even simple tasks feel overwhelming. Here’s why it happens, and what you can do about it. This cycle can be hard to break and can make you feel more anxious. Mixing other drugs with alcohol can also increase the risk of hangxiety. Talk to a close friend. This can provide a safe space to express concerns and feel less isolated. Hangxiety is an unwelcome guest after a night out. Understanding why hangxiety happens – and how you can manage it – can make the morning after a little less daunting and help keep those anxious thoughts at bay.
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TechCrunch
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DGLegacy wants to help you ensure your loved ones inherit your assets
- DGLegacy, a digital legacy planning and inheritance app, catalogs assets and ensures beneficiaries always have access to it. It aims to minimize the chance of an unclaimed asset compared to traditional methods.
- The app features multi-layer encryption for secure storage of information.
- It detects a fatal event via various measures, including biometric logins and public social media posts. After an event is confirmed, DGLegacy supports beneficiaries through the process of identifying, locating, and claiming assets.
- DGLegacy is designed for middle-class people and families, enabling them to protect their assets in a crisis. The app operates on a freemium model, with two paid options and unlimited assets and beneficiaries for $6.99 per month.
- The company launched in January 2021 and is looking to raise its first VC round soon. DGLegacy is available on iOS and Android.
- The founders believe that their app can help everyone protect their assets and ensure their loved ones can access them after they die.
- Ana, one of the founders, came up with the idea for DGLegacy 15 years before the startup’s official founding in January 2021. She was nervous before traveling as she was concerned about what would happen to her children if something terrible were to occur. She wanted to create a contingency plan to ensure her children had access to their funds.
- There are tens of billions of dollars of unclaimed cash and benefits in the US alone in the form of abandoned bank accounts, stock holdings, unclaimed life insurance, and more.
- DGLegacy hopes to provide a solution for everyday people where conventional asset protection methods such as wills and trusts become outdated after their creation.
- The startup’s freemium model offers basic options for free users who want to protect up to three assets, while platinum members pay $8.99 a month or a one-time fee of $299 for additional protection such as cyber breach monitoring.
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TechCrunch
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How Advex creates synthetic data to improve machine vision for manufacturers
- Advex AI is using synthetic data to circumvent the data problem faced by many AI manufacturers.
- The startup generates thousands of 'fake' images using small samples provided.
- Advex has already secured several clients, including seven enterprise customers.
- It has raised $3.6M in funding with Pearl VC, Construct Capital, and Emerson Collective as its major investors.
- The co-founders have backgrounds in machine learning research roles at DeepMind, Berkeley and Google Brain.
- The startup also employs a proprietary diffusion model to create highly realistic synthetic data.
- The diffusion model is capable of generating images in just seconds.
- Advex counts car manufacturers and logistics companies as its target customers.
- Other VC-backed companies are working on similar projects, including Synthesis AI and Parallel Domain.
- Synthetic data is not a new concept, but there is increased demand for appropriate AI training data.
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Unboxing Startups
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Top 9 Baking Business Ideas in 2025
- The U.S. bakery products market is expected to grow to USD 86.93 billion by 2029, making it a good time to think out of the box and launch your own baking business in 2025.
- Home-based baking is an easy, low-cost way to start a business. All you need is personalised cake boxes at wholesale, ingredients and basic equipment.
- Cupcake businesses are always on-trend. It's easy to market them and they can be sold online or in local markets.
- Donuts are loved by all and creating gourmet or specialty donuts will make your business unique. Donuts normally generate a profit margin of 50%.
- Macarons are delicate, fancy cookies used in weddings, parties, and other occasions, making it a great niche market opportunity. Macarons have a very good profit margin, and you can sell each piece for about $2.
- There is an increasing demand for vegan and gluten-free baked products. You can offer vegan and gluten-free cakes, cookies, and other baked goods to tap into a growing market.
- Custom cakes are in demand for birthdays, weddings, and special events. You can offer beautifully designed cakes that stand out in the market and benefit from social media to showcase your skills and attract customers.
- A savory bakery can tap into the growing market for people looking for meal replacements, and those looking for healthier baked options.
- Pet bakery is a quickly developing segment, and you can make pet-friendly baked products for pets like biscuits, cupcakes, cakes, and other related products.
- With innovation and quality consciousness, the baking industry has many unique and promising ideas that can be quite lucrative and sustainable, and niche bakers in business.
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Medium
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Joyce Shen’s picks: musings and readings in AI/ML, October 28, 2024
- Optical neural networks: progress and challenges - Nature
- DeepMind and Hugging Face release SynthID to watermark LLM-generated text - Venturebeat
- Memorandum on Advancing the United States Explained - CSIS
- Deals: Biological Lattice Industries raises $1.8m, Oriole Networks raises $22m, Where You At secures £2.5m, and more
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