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StartupDaily
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Why backing women founders is the smartest bet for investors
- Despite the dismal statistics that only 4% of total capital raised in Australia goes to female-only founded teams, there are indeed plenty of women starting and growing businesses across Australia.
- Women-led startups are a largely overlooked opportunity for outsized returns. A report by First Round Capital found that women-led startups perform 63% better than their male counterparts.
- Founding teams that are ethnically diverse outperform all-white founding teams by 30%, according to the Kauffman Fellows Research Center.
- Female-founded startups achieve faster exits with higher returns, as reported by Microsoft for Startups and Goldman Sachs’ Launch With GS.
- Morgan Stanley estimates that investing in women and minority-owned ventures represents a trillion-dollar opportunity.
- An increasing number of investors, leaders, and allies are stepping up to create pathways for women and diverse founders recognizing their value.
- One Roof is proud to be part of this growing ecosystem of supporters that is creating real opportunities for women founders to thrive.
- Investing in women isn’t just a matter of equity, it’s a savvy, strategic move, and the time to act is now.
- The lack of diversity in the startup ecosystem presents a serious issue, it channels the majority of funding to founders that align with traditional venture capitalists.
- Now, picture a future where women have greater access to funding and where diverse teams are building billion-dollar enterprises. This future is within reach, but only if we shift the current trajectory.
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Medium
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Image Credit: Medium
Giving up is a sin
- Arlo, a young boy living in a village with a tradition of climbing Mount Turok on the 14th birthday, faces fear and uncertainty as his turn approaches.
- Despite the challenges and temptations to give up, Arlo remembers his grandmother's words that 'giving up is a sin' and decides to attempt the climb.
- Arlo encounters physical and mental obstacles along the way, but he perseveres, driven by the fear of disappointment and the lessons learned from those who never tried.
- Arlo reaches the summit, realizing that the journey was not just about reaching the top, but about refusing to give up and growing stronger in the face of obstacles.
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StartupDaily
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Space junk is becoming a massive problem as satellites disintegrate, with 4300 tonnes now orbiting Earth
- A communications satellite, Intelsat 33e, has come apart in orbit, affecting users across Europe, Africa, the Middle East, Asia and Australia. The cause of the break-up is so far unknown. Problems had previously affected Intelsat 33e while in orbit, as with the company’s 702 MP satellite similarly named EpicNG, which was lost in 2019.
- Orbiting debris continues to accumulate and is becoming an increasing hazard to other satellites and space-ships. Currently, there are over 130 million items less than 1cm wide in orbit and over 40,000 above 10cm. Almost a third of the total mass of man-made objects in orbit around the Earth is debris (a total of 4,300 tonnes).
- The amount of discarded satellites and other objects orbiting Earth is posing an increasing risk to the International Space Station which, according to NASA’s Orbital Debris Program, could produce over 220m debris fragments if broken up in orbit.
- When space debris is created, the country that launched the object into space is responsible for cleaning it up, although there is little accountability in reality. There have been moves to try to address the issue and planners are said to be making provision for the de-orbiting of the International Space Station, scheduled to take place at the end of its operational life in 2030.
- The total mass of human-made space objects in Earth orbit is some 13,000 tonnes. That’s about the same mass as 90 adult male blue whales. About one third of this mass is debris (4,300 tonnes), mostly in the form of leftover rocket bodies.
- The sudden failure of a satellite is always somewhat surprising and there are concerns that the density of satellites in orbit is making collisions more likely. China launched its 23rd navigation satellite this year, with every satellite adding to the risk of space accidents.
- The larger a space object the larger the amount of debris it produces when it breaks up. Both the Intelsat and its sister satellite presented such a risk.
- The breakup of the Intelsat communications satellite highlights the growing amount of debris in space causing potential hazards for the International Space Station and other satellites and space ships. It is not yet known whether the recent event will have any impact on other space objects.
- Almost a third of the total mass of man-made objects in orbit around the Earth is debris, mostly in the form of leftover rocket bodies, which makes tracking and identifying space debris a challenging task.
- When satellites are decommissioned, they either need to be brought safely down to Earth or sent into what is called a "graveyard orbit" at an altitude where they are unlikely to have a detrimental impact on other space objects.
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Medium
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Image Credit: Medium
Life is so beautiful mehn
- Lila, a young girl, sees the beauty in everyday life, from the sunrise to the cobblestones under her feet.
- Her class is assigned a project on what makes life beautiful, and while others struggle to find an answer, Lila knows exactly what to write.
- She starts capturing moments of beauty with her camera and sharing them with others, gradually inspiring them to appreciate the little things.
- Lila's project and photographs have a profound impact on her classmates and the town, spreading a sense of wonder and making life a little more magical.
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Medium
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Image Credit: Medium
Why Near Coin Is Important In Crypto Currency???
- NEAR introduces Nightshade sharding for scalability and processing thousands of TPS.
- NEAR provides a pro-developer legal system and supports languages like Rust and Assembly Script.
- NEAR offers low transaction costs compared to platforms like Ethereum.
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Medium
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Image Credit: Medium
Global Development in Magnetic Propulsion: A Snapshot
- The field of magnetic propulsion is experiencing rapid and decentralized development.
- Challenging existing paradigms and embracing a more open and collaborative approach to research is crucial.
- Magnetic propulsion offers the potential to create a more sustainable future.
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Inc42
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Image Credit: Inc42
Uber Expands Shuttle Service To Hyderabad & Mumbai
- Uber is set to pilot its shuttle service in Hyderabad and Mumbai.
- The company is also in talks to launch the service in Bengaluru.
- Uber operates buses as part of its Uber Shuttle service in India.
- Uber has been launching new services and expanding offerings in India.
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Geek Wire
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Crypto startup Coinme alleges Coinstar misused trade secrets for competing product at kiosks
- Seattle-based startup Coinme filed a lawsuit against Coinstar, alleging misappropriation of confidential information and trade secrets.
- Coinme claims that Coinstar copied its technology and platform to develop its own product called CINQ.
- Coinme alleges that Coinstar gives preferential treatment to CINQ, leading to customer confusion and diverting business away from Coinme.
- Coinme is seeking damages for lost business and an injunction preventing Coinstar from using CINQ.
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Npengage
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Image Credit: Npengage
What’s Your End-of-Year Strategy for Planned Gifts of Assets?
- Year-end gift of assets planning is essential for non-profit organizations, universities, and foundations.
- Donor-advised funds (DAF) work well in transferring ownership in assets for a complete deduction in that calendar year.
- It is crucial to communicate about possible year-end gifts of assets throughout the year and provide as much planning to donors as possible when non-profit organizations like universities and foundations are concerned.
- Listen actively to your donors to find relevant opportunities for the discussion of end-of-year gifts.
- If a donor indicates they are thinking of liquidating an appreciated asset, ask for help from an expert in asset-based giving.
- Remind your prospects and donors about your legacy society’s perks and long-term benefits.
- Promote your legacy society via email, website, events, direct mail, social media, and other methods.
- Review the idea of bunching, an intentional plan to maximize gifts into one tax year.
- This should be a well-crafted strategy to inspire donors to consider transformational giving executives of planned giving departments or designated planned giving officers' training is required to execute the same.
- Now is the time to learn more about year-end strategic planning.
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Massivelyop
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Nightingale patches in Halloween and confirms layoffs at Inflexion’s UK subsidiary
- Nightingale releases Halloween patch with seasonal event in Abeyance Realm.
- Inflexion, the company behind the game, is closing down its UK branch.
- Multiple Inflexion UK developers, including audio team members, have been laid off.
- Inflexion CEO addresses the layoffs and expresses intentions to continue improving Nightingale.
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Medium
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Image Credit: Medium
Scaling to New Heights: Lizard Labs Community Raises $4 Million
- Lizard Labs has raised $4 million to further establish itself as a leader in the Web3 gaming space.
- The company has partnered with half of the top 30 Web3 gaming studios and captured 70% of all activity in Illuvium Beyond.
- They have created the Lizard Lounge App as a central hub for questing, rewards, staking, community engagement, and esports.
- Lizard Labs plans to launch Lizard League, an AI-powered platform for tournaments and wagering, in early 2025.
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TechBullion
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Image Credit: TechBullion
How Florida’s Tech Industry is Competing with Silicon Valley and New York
- Florida’s tech industry is making waves that are hard to ignore. Whlie missing historical prestige, it makes up for it with advantages like affordability and growing cities, e.g. Miami, Tampa, and Orlando. Moreover, Florida’s diverse population fosters creativity and collaboration.
- Florida's presence of renowned universities fuel innovation. A favorable business climate coupled with access to venture capitals is also its strengths, that link aspiring innovators with seasoned professionals in various sectors such as fintech, healthtech, and cybersecurity – areas ripe for growth.
- Notable success stories include MagicLeap, Citrix and OpenText that showcase groundbreaking augmented reality technology; a cloud computing giant empowering remote workforces and local enterprise software solutions respectively.
- Florida's growth and innovative environment is a result of initiatives by local government. These provide grants and tax incentives that ease financial burdens and bridges the gap between ideas and ready products with the help of numerous incubators and angel investors.
- Florida’s tech industry challenges including requiring improvement in talent acquisition, funding and regulatory hurdles also pose obstacles for growth. Infrastructure improvements such as reliable internet access and transportation options needed to support expanding businesses effectively.
- To foster continued growth in Florida’s tech industry, priorities for talent development, building a strong network of incubators and accelerators, and collaborations between established companies and startups are essentials.
- Moreover, promoting a vibrant cultural scene will attract top-tier professionals from other regions. Leveraging state incentives can also pull up Florida's tech industry investment and help boost the ecosystem’s competitiveness against giants like Silicon Valley and New York.
- Florida’s tech industry is a major contender in the world of technology, competing fiercely with well-established hubs like Silicon Valley and New York with its growing number of startups, investment opportunities, and universities producing skilled graduates.
- By fostering an environment of innovation and collaboration, even greater advancement is expected from Florida's tech scene in the future.
- Florida is definitely worth considering as a prominent player in the tech industry for entrepreneurial opportunities or a seasoned professional seeking new opportunities.
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TechCrunch
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Image Credit: TechCrunch
Flock Safety paid over $300 million for 17-month-old drone startup Aerodome
- Police surveillance startup Flock Safety has acquired drone startup Aerodome for over $300 million.
- Both companies are backed by Andreessen Horowitz and have raised a significant amount of funding.
- Aerodome developed technology for autonomous police drones as first responders.
- Flock Safety plans to expand into the drone market, hiring 100 engineers for its aviation team.
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ISN
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Image Credit: ISN
Unicorn startup Shiprocket's revenue rises 21% YoY to Rs 1,316 crore in FY24
- Shiprocket, an ecommerce enablement startup, reports a 21% YoY growth in operating revenue for FY24, reaching Rs 1,316 crore.
- Cash EBITDA burn reduced by ~50% from Rs 191 crore in FY23 to Rs 100 crore in FY24.
- Shiprocket aims for full profitability by FY 2025 and reports profitability in the first 2 quarters of FY 2024-25.
- The net loss of Rs 595 crore in FY24 is driven by restructuring, ESOP issuances, and investments.
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Inc42
3w
427
Image Credit: Inc42
Blinkit Launches Seller Hub To Help Brands List On The Platform
- Blinkit has launched a ‘Blinkit Seller Hub’ to help brands list on the quick commerce platform and start selling their products.
- The hub will make selling via Blinkit “self-serve” for brands, without any need to interface with intermediaries or the platform.
- Blinkit aims to create a seller program in quick commerce that surpasses other platforms, taking inspiration from Fulfillment by Amazon (FBA).
- Blinkit's parent company, Zomato, witnessed a 2X increase in revenue for its quick commerce arm, and Blinkit plans to increase its dark store count to 2,000 by the end of FY26.
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