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Startup News
Medium
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Delta Force SteamNextFest & release date plans
- Delta Force, developed by Timi Studio & Team Jade and published by Level Infinite, is set to release on PC via Steam & Epic Games store in Q4 2024.
- Console ports for Delta Force will arrive in Q1 2025, including PS4/PS5 and Xbox Series X/S platforms.
- Mobile version of Delta Force will undergo a testing period before its official launch.
- The game has garnered 2.1 million wishlists on Steam.
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Gritdaily
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Patience Pays Off: Samir Jezzini on Finding Success in Trading
- Samir Jezzini, the CEO of SupremeFX, speaks about his journey from Lebanon to becoming a successful trader and entrepreneur. The financial markets ignited Jezzini's interest for securing a better future for himself and his family. He witnessed a world far beyond the confines of traditional salaries and financial limitations where access to financial strategies and markets were typically reserved for the wealthy. Transitioning into the field of trading was challenging but through perseverance and discipline, he found success.
- Patience is crucial to success in trading and it involves waiting for the right opportunities. Patience in trading is about trusting your plan and not rushing into trades based on short-term market fluctuation. With discipline and daily routine, Jezzini has managed to maintain patience and self-control necessary for successful trading.
- Market charts often reflect patterns of human psychology, which have been shaped by hundreds of thousands of years of evolution. Jezzini focuses on the relationship between charts and human behavior to inform his trading strategies. He stays updated with financial news, economic reports, and geopolitical events that might influence market sentiment through the lens of market psychology.
- Jezzini recommends starting with a solid foundation of knowledge by studying the basics of trading and financial markets and keeping a trading journal to track progress and learn from successes and mistakes. It is also important to identify your risk profile and trade accordingly.
- Jezzini's future goals for SupremeFX include expanding educational resources and community outreach to empower more traders, improving their platform's capabilities, and ultimately making a tangible contribution to other people's lives by helping them learn and grow as the trader.
- Jezzini's career exemplifies the principle that those who wait wisely often reap the greatest rewards. His legacy is a reminder that in trading, as in life, patience truly pays off.
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Medium
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I shutdown my startup. Here’s my reflection.
- Zencape Health - a platform to connect patients with coordinated specialist care for chronic pelvic conditions, including pelvic floor physical therapists, pain psychologists, nutrition experts, and gynecological surgeons has been closed down.
- The reason for the closure are financial: the platform could not achieve unit economics to meet VC funding standards.
- The platform was widely praised for its inclusive, affirming & comprehensive healthcare treatments.
- Despite women being much less likely than men to receive venture capitalist funding, the founder of Zencape Health managed to raise venture funding, although this sometimes came with sexist attitudes in the industry.
- The closure of Zencape Health showcases the enormity of obstacles faced by women entrepreneurs to achieve startup success and how the odds can feel stacked against them.
- The author is proud of what Zencape Health achieved, in terms of healthcare outcomes and offering a space for people with chronic conditions, despite time and funding running out.
- The author reflects that the key takeaway from building Zencape Health is that every avalanche leads to a valley of opportunities, and reflects positively on the experience.
- The startup was started by the author as a response to years of frustration and disappointment from a lack of access to personalized, comprehensive specialty care.
- In conclusion, the founder of Zencape Health expresses gratitude to the many extraordinary individuals who helped build the company and seems excited for the future.
- This article provides a recount of the author’s experiences, reflections and insights on building, growing and closing a startup, with a particular focus on her time running Zencape Health, a health-tech company.
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VC Cafe
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Weekly #FIRGUN Newsletter – Oct 11 2024
- Firgun is a concept in Israeli culture that means genuine, unselfish admiration and pride for the accomplishments of others; this week's newsletter highlights its importance in modern society.
- The anniversary of October 7th, 2023, a dark day in Jewish history, has recently passed, and the newsletter puts the spotlight on the unfortunate victims of that period, along with the necessity for the Israeli hostages held in G*a to be set free.
- Preliminary reports from IVC Data and Insights and LeumiTech suggest a positive trend for Israeli tech, whose funding increased between 32%-40%, whereas European funding was down 39% to $10B in Q3 2024.
- This week's newsletter provides insights into various companies such as OpenAI, Tesla, Google, and Meta, who are apparently impacting the science and startup worlds with their advancements.
- Hurricane Milton is predicted to cause $175B in damages, and the newsletter expresses hope for everyone's safety in the US during these difficult times.
- The newsletter features funding rounds and exits achieved by companies like TechnoPulm, Upstream Bio, Prime Security, and Orasis Pharmaceuticals.
- Interesting articles and media covered in this newsletter include the State of Private Markets by Carta, AI agents by Capgemini, and Q1-Q3 2024 Israeli M&A - most Israeli companies being acquired by US corporates.
- Lastly, Elon Musk's Optimus humanoid robots and a beautiful tribute to Nissim Louk, Shani Louk's father, conclude the newsletter for the week.
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Medium
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Most Promising and Exciting Investment Sectors in Europe in 2024*
- Investors seeking investment sectors should focus on market trends, global demand, sustainability and the sector’s resilience. Five most interesting investment sectors in Europe for 2024 include fintech, AI, SaaS, cybersecurity and climate tech. Fintech sector stayed resilient despite global economic and political uncertainties. Germany and the Netherlands emerged as second and third-largest markets, respectively in the Fintech sector. AI investments in Europe doubled from the previous quarter to €4.2bn in Q2 2024. SaaS and B2B solutions have become increasingly prominent in the venture capital landscape. Climate tech focuses on developing technologies to combat climate change and promote sustainability.
- Fintech sector is poised for growth and innovation with innovations in digital banking, blockchain, and financial inclusion. AI’s ability to revolutionize industries and its rapid adoption makes it a top investment choice. SaaS and B2B make attractive investments due to their scalability and recurring revenue models. Increasing frequency of cyber threats drives demand for cybersecurity solutions. Climate tech aligns with global sustainability goals offering long-term growth potential.
- According to PitchBook, AI companies attracted €6.3 billion in the first half of the year, with the UK remaining at the forefront of the European AI scene. SaaS and B2B solutions have accounted for 47% of venture capital investments in the past year. Cybersecurity sector saw some leading companies crossing the $1 billion mark in valuations despite a slowdown in venture capital funding. Climate tech continues to attract investors despite a 20% decline in investments from the previous year. An app, FundRight, utilizes advanced AI algorithms to identify potential unicorns and offer personalized insights to potential investors.
- FundRight identifies startups with the potential to achieve unicorn status by offering not just data on the startup, but also personalized insight into the founders behind the ideas. The alpha test of the FundRight app gives early adopters the cutting edge of technological advancements and the opportunity to shape the future of start-up investing.
- The content provided is for informational purposes only and should not be considered as financial advice. The content does not constitute investment recommendations, and no responsibility is assumed for financial decisions made based on this information.
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Gritdaily
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The Power of Strategic PR Partnerships: Elevating Client Success and Authority
- Strategic PR partnerships between PR Professionals and Partners are crucial for client success.
- These partnerships help establish client authority and build a long-lasting digital presence.
- By collaborating with well-known publications, brands can enhance credibility, visibility, and thought leadership.
- Strategic PR partnerships also strengthen the client's digital presence and improve search engine rankings.
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Pymnts
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112
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Santander Acquires CLM Fleet Management to Expand UK Leasing Business
- Santander Consumer Finance (SCF) has acquired CLM Fleet Management to expand its presence in the U.K. leasing sector.
- CLM Fleet Management has 40 years of experience managing fleet vehicles for corporate customers.
- The acquisition aims to position Santander as a major provider of leasing agreements to fleets operating company cars across Europe.
- Santander also expanded its small business offering in the U.S., allowing small business owners and entrepreneurs to finance vehicles through its consumer banking division.
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Hackernoon
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WordPress is Entering its End-Stage Founder Period
- WordPress is entering its “end-stage founder” period.
- End-Stage Founder Periods (3 Ways to Recognize Them) are typified by flat-line growth, inexplicable and un-reproducible growth curves, higher than normal customer churn and employee attrition.
- All Founders Exit, but not all exits look the same.
- Most companies collapse with the demise of the founder, because the founder never truly empowered their teams, listened to their customers or the market.
- Do not turn on your people, Your clients, team members, and partner ecosystem are delivering valuable feedback.
- Step the Founder back. Launching a desperate public relations offensive against WPEngine has emboldened and granted tremendous credibility to detractors when you should actually be building the space for your promoters.
- Moving away from the day-to-day and handing over the operation to a tried-and-true professional can be tempered with a Founder’s continuing directional vision-setting and future-casting.
- The Web has reached mature saturation: the economics have been largely optimized, and now the very essence of what created the fertile soil on which WordPress was founded - user-generated content with view-driven community-building - has been exposed as, sadly, without much commercial value.
- But if WordPress can make the leap to a new modality, a new medium, and side-step the mobile wars and AR/VR search-fest, it could become a new brand that transcends.
- It just starts with listening generously and finding the problems that people are trying to solve, that no one is yet solving.
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Inc42
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Digital & New Commerce Biz Comprised 17% Of Reliance Retail’s Q2 Revenues
- The digital and new commerce business contributed 17% to Reliance Retail’s total revenues in the second quarter (Q2) of FY25.
- Reliance Retail's net profit rose 4.6% YoY to INR 2,836 Cr in Q2 FY25.
- JioMart witnessed a 2X YoY increase in average order value (AOV) for non-grocery categories in Q2 FY25.
- JioCinema doubled its paid subscriber base sequentially to over 1.6 Cr.
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Hackernoon
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Startups of The Year 2024 Interview Series: How to Get Featured on HackerNoon Tech Publication
- Startups of The Year 2024 is a celebration of startups that are still surviving and thriving in challenging times.
- HackerNoon's annual event involves 30,000+ startups from 4200+ cities and 100 industries competing to be crowned the best startup in their city.
- Nominations for the interviews are open, and startups can apply through the Startups of The Year 2024 website.
- The winners of the event will receive a free interview on HackerNoon and an Evergreen Tech Company News page.
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Pymnts
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250
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Collaborative Finance: How SaaS and Embedded Payments Are Changing the Game
- The trend of embedded payments, especially in the software-as-a-service (SaaS) industry, is revolutionizing various sectors.
- Embedded payment options and flexible financing are improving efficiency for both businesses and customers.
- Companies like Lemon, HubSpot, Cross River Bank, and UNIPaaS are introducing innovative solutions to simplify payments within the SaaS ecosystem.
- Stripe's acquisition of Lemon Squeezy further demonstrates the shift towards software-defined financial services.
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ISN
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CCPA orders Ola to offer an option to customers to get refunds in their source bank account
- The Central Consumer Protection Authority (CCPA) has ordered Ola to provide customers with an option to choose their preferred method of refund - either to their bank account or via coupon - during the grievance redressal process.
- CCPA found that Ola's practice of providing only coupon codes for refunds without giving consumers the choice violates consumer rights.
- Ola has been instructed to issue bills or receipts for all Auto rides to ensure transparency and accountability.
- In response to ongoing consumer dissatisfaction, Ola made several consumer-centric changes in its app, including displaying contact details of grievance and nodal officers, improving cancellation policies, and providing fare breakdowns.
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Yourstory
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394
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Clensta CEO denies writing financial mismanagement post, claims LinkedIn page hack
- The LinkedIn page of Puneet Gupta, CEO of Clensta, was compromised with a post admitting to financial mismanagement.
- The post included allegations of unpaid salaries, inflated profit and loss statements, and mismanagement of cash flow.
- Gupta denied writing the post and claimed that it was unauthorized, suggesting a team member with access to LinkedIn credentials was responsible.
- Clensta, backed by Parineeti Chopra, is reportedly in talks to raise $10 million in a Series B funding round.
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ISN
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'I miss you, says i-Pill': Zepto faces backlash over insensitive notification, says 'This mistake won't happen again'
- Quick commerce giant Zepto faced backlash over an inappropriate marketing notification.
- The notification, sent to a female user, mentioned 'I miss you, says I-pill Emergency Contraceptive pill'.
- The user expressed anger on LinkedIn, stating it was inappropriate and questioned the intent.
- Zepto apologized for the message, took immediate action, and assured it won't happen again.
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Economic Times
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'India has 3,600 deep tech startups with potential to address complex societal challenges'
- Dubai, India houses over 3,600 startups in the deep tech sector which has the potential to address complex societal challenges including those related to healthcare, climate change, and cybersecurity.
- Over 100 Indian ICT (information and communications technology) companies are displaying their products and solutions at the GITEX 2024.
- India has over 3,600 deep tech startups, with over 480 being established in 2023 itself, Sagar said at the inauguration of the Indian pavilion at the GITEX 2024.
- Showcasing India's deep tech capabilities would be the focus at this year's participation, Sagar said.
- The high-tech products on display include solutions and devices relating to artificial intelligence (AI), cybersecurity, mobility, sustainable technologies, fintech, and banking solutions, among others.
- ESC's India pavilion was inaugurated by Sunjay Sudhir, Ambassador of India in Abu Dhabi, and addressed by Satish Kumar Sivan, Consul General of India, Dubai.
- ESC envisages abundant opportunity for close tie-ups on a bilateral and multilateral basis for promoting the Indian deep tech sector for developing complex solutions in multiple sectors.
- Kamal Vachani, Regional Director of ESC-Dubai, said India's participation at GITEX 2024 is showcasing its cutting-edge products and solutions.
- The Middle East region, Vachani said, is one of India's important markets for Indian ICT products and IT solutions.
- ESC signed two agreements at the inauguration of the GITEX 2024 as part of its drive to engage with similar organisations abroad and to create a platform for extended trade and investment negotiations.
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