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Startup News
Siliconangle
7d
42
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Safe Superintelligence CEO Daniel Gross joins Meta’s new AI lab
- Meta Platforms Inc. has hired artificial intelligence executive Daniel Gross and may acquire a stake in his VC firm, NFDG.
- Gross was CEO of Safe Superintelligence Inc., succeeded by Ilya Sutskever, who rebuffed Meta's acquisition offer for SSI.
- Meta plans to hire Gross for its Meta Superintelligence Labs, focusing on advanced AI models, separate from SSI.
- Meta might indirectly acquire a stake in SSI through NFDG; recruiting high-profile researchers and offering lucrative deals to strengthen their AI initiatives.
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Pymnts
7d
233
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BECU Acquires GenAI Capabilities and Team Members From EarnUp
- Washington-based credit union BECU has acquired generative artificial intelligence capabilities and 13 team members from FinTech company EarnUp.
- EarnUp's Co-Founder Nadim Homsany is now BECU’s head of AI strategy and innovation, leading the development of an AI Advisor to offer members personalized tools and real-time financial advice.
- The AI Advisor will provide BECU’s members with tailored financial guidance based on their individual situations, such as improving credit scores or opening secured credit cards, democratizing financial access for all members.
- BECU's focus on enhancing member experience through technology aligns with industry trends, as highlighted in recent reports discussing the importance of AI chatbots in shaping the future of financial advising.
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TechCrunch
1w
275
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Cluely’s ARR doubled in a week to $7M, founder Roy Lee says. But rivals are coming.
- Cluely's revenue has surged to around $7 million in ARR within a week of launching its new enterprise product, with positive feedback from users.
- The startup offers AI-powered products that analyze online conversations, provide real-time notes and suggestions discreetly on the user's screen.
- Despite its controversial origins, Cluely has gained traction in the market, securing a significant contract with an unnamed public company.
- Competition looms as a potential free competitor, Glass, emerges with similar functionality, posing a challenge to Cluely's rapid growth and success.
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TechCrunch
1w
0
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Who is Soham Parekh, the serial moonlighter Silicon Valley startups can’t stop hiring?
- Serial moonlighter Soham Parekh worked at multiple Silicon Valley startups unbeknownst to them.
- The saga began when CEO Suhail Doshi warned about Parekh's deceiving practices.
- Several founders shared encounters with Parekh, who was fired from various companies for moonlighting.
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Medium
1w
91
Sourcing and Exits-2
- Companies in the venture ecosystem exit in three primary ways: conversion to common shares, VC involvement post-IPO, and merger or acquisition (M&A).
- M&A is the most common exit route, involving initial contact, due diligence by potential acquirers, negotiation, and VC support throughout the process.
- Bankruptcy and wind down are unfortunate outcomes for companies unable to achieve scale or secure further financing, with VCs playing a role in these difficult decisions.
- Secondary sales of private company shares have emerged as an alternative liquidity avenue, with VCs' opinions influencing potential impact on stock prices and tax considerations.
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Dev
1w
32
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Why Technical Cybersecurity Founders Struggle with Marketing (and How AI Is Changing the Game)
- Technical founders in cybersecurity struggle with marketing due to communication gap with buyers.
- AI tools like GrackerAI help bridge the gap by translating technical features into business value.
- Challenges include extreme buyer skepticism, lack of references, regulatory constraints, and multi-stakeholder sales.
- Technical founders often face jargon barriers, curse of knowledge, and product-market fit confusion.
- Specialized AI platforms aid in analyzing tech features, translating them for different personas, and implementation strategies.
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TechCrunch
1w
0
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TechCrunch All Stage brings back early launch prices for a limited time
- TechCrunch All Stage is offering early launch prices for a limited time, saving attendees up to $425.
- The founder summit, TechCrunch All Stage, is scheduled for July 15 in Boston, providing insights for launching or scaling a startup.
- Founders can register for $155 and investors for $250 during this limited-time pricing offer.
- The summit features breakout sessions, roundtables, pitch competitions, networking opportunities, expo hall, and side events with prominent speakers like Jahanvi Sardana and Ellen Chisa.
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Siliconangle
1w
150
Image Credit: Siliconangle
Qedma raises $26M for its quantum error correction software
- Qedma Ltd., a startup focused on enhancing the reliability of quantum computers, has secured $26 million in early-stage funding led by Glilot Capital Partners.
- Qedma's flagship software platform, QESEM, aims to reduce errors emerging in qubits, allowing quantum chips to perform more complex calculations.
- QESEM collects technical data from quantum computers, identifies potential errors, and applies optimizations to minimize their frequency. It also performs post-processing error correction.
- The funding will be used by Qedma to expand its team and further develop QESEM to address processing errors in quantum computing systems.
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TechBullion
1w
263
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Super Intelligence: Meet Deepinvent AI Engine Compressing Years of R&D into Minutes.
- Deepinvent AI compresses years of R&D into minutes, transforming innovation timelines.
- The Silicon Valley startup's superintelligence tech already generated 2,000 inventions in a week.
- Co-founded by Dr. Marcus and Mitchell Weller, its goal is $10 trillion GDP growth.
- Deepinvent combines human cognition and AI to revolutionize innovation development and accessibility.
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TechCrunch
1w
79
Image Credit: TechCrunch
Wonder Dynamics co-founder Nikola Todorovic joins the AI Stage at TechCrunch Disrupt 2025
- Nikola Todorovic, co-founder of Wonder Dynamics, an Autodesk company, will be speaking at the AI Stage at TechCrunch Disrupt 2025 in San Francisco.
- Todorovic, a visual effects veteran turned AI entrepreneur, co-launched Autodesk Flow Studio, an AI platform for integrating 3D characters into live-action scenes.
- He aims to empower artists with creative AI solutions, focusing on the intersection of storytelling and technology.
- Todorovic will participate in a panel discussing generative tools, ethical design, and the impact of AI in media at the event.
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Medium
1w
238
Image Credit: Medium
Your Product’s UI Isn’t the Problem — It’s Your UX System That’s Killing Growth
- Many early-stage products struggle to retain users despite having polished UI and smooth onboarding.
- The root cause is often attributed to the UX system failing to engage users effectively.
- A product designer and UX strategist conducted 19 product teardowns and developed kits to help founders diagnose and address common UX failures.
- The kits include a UX Teardown Report to analyze user flow and a Strategic UX Audit Framework focused on improving key aspects like onboarding, momentum, and monetization.
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TechCrunch
1w
178
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Stripe’s first employee, the founder of fintech Increase, sort of bought a bank
- Founder and CEO of startup Increase, Darragh Buckley, successfully bought a stake in Twin City Bank.
- Buckley aims to use the bank for Increase's banking-as-a-service ambitions.
- The deal faced opposition, but Buckley clarified his intentions not to own the bank.
- Increase partners with FDIC-insured banks while some fintechs opt for direct bank purchases.
- Buckley values community banks for their unique strengths and relationships within the industry.
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Medium
1w
121
Image Credit: Medium
Network Native Capital
- Network Native Capital in web3 focuses on sustainable models and long-term product value.
- AGV pioneers a new category with network-native capital, aligning with community and builders.
- It operates with transparency, accountability, and intent to advance the Arbitrum ecosystem.
- AGV's model diverges from traditional VC firms, aiming for outcome-aligned, operationally agile structure.
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The Pragmatic Engineer
1w
223
Image Credit: The Pragmatic Engineer
The 10x “overlemployed” engineer
- A software engineer in India scammed tech startups for a million dollars annually.
- Employed by multiple companies simultaneously, he excelled in interviews and then avoided work.
- Exposed by Y Combinator community, the engineer worked at 18 AI startups concurrently.
- Issue raises concerns about remote work, demand for AI engineers, and recruitment challenges.
- Remote work facilitated the scam, emphasizing importance of background checks and recruitment diligence.
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Medium
1w
298
Image Credit: Medium
Analyzing The Browser Company: Product, Strategy, and Vision
- The Browser Company raised $128 million across four rounds, with a $550 million post-Series B valuation.
- The valuation is based on future potential, primarily on their upcoming AI-powered browser, Dia.
- Investors question if the valuation is justified given the challenges and risks associated with Dia.
- The company's past focus on design over performance raises concerns about achieving mass adoption.
- Without tangible results, future funding and success for The Browser Company remain uncertain.
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