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Good morning, you fantastic specimens of humanity! It’s Friday, and I’m scripting this from the hammock in my sunny North Oakland backyard, so life ain’t all that unhealthy. (I can solely assume that WFH stands for Work From Hammock).
This weekend, earmark a little bit of time to use to our Startup Battlefield 200. It provides you the possibility to exhibit your startup at no cost at DailyTech Disrupt in October and win the $100,000 prize. Functions shut August 5, so get cracking!
Have a great one, and see you subsequent week! — Haje
The DailyTech High 3
Startups and VC
It’s all go, go, go on the earth of insurance coverage. Mary Ann studies that Lemonade acquired Metromile and promptly laid off about 20% of its employees. Is smart, in fact, in a world the place there’s in all probability a good quantity of administrative and operational overlap between the 2 corporations, but it surely’s at all times unhappy to say goodbye to beloved colleagues.
And don’t miss Aria’s piece about how the Exploration Firm is creating a brand-new reusable orbital spacecraft. “The [space] exploration ecosystem goes to vary dramatically within the in all probability subsequent 10 to fifteen years,” co-founder and CEO Hélène Huby defined. “In the event you make it occur, you may have an enormous benefit of being one of many first out there.”
A number of extra nuggets to take you into the weekend:
- Taking the enjoyable out of the whole lot: A startup is charging $1.99 to write down strings to feed into platforms like DALL-E, and I despair for humanity. Come on, that’s half the enjoyable! No thanks in any respect to Kyle for making me seethe with confused anger this afternoon. Jerk.
- Making it rain down in Africa: Zedcrest Capital, a agency identified for its debt and fairness capital markets investments however who just lately began dabbling in enterprise investments, has launched a $10 million “emergency fund” for African startups, aimed toward pre-Collection A stage corporations, Tage studies.
- Driving classes for industrial automobiles: Polymath Robotics launches to convey plug-and-play autonomy software program to any industrial automobile, Kirsten studies.
- The extra you study: what, I’ve by no means learn considered one of Devin’s articles that didn’t make me go, “Huh! I didn’t know that!” At the moment, Shinkei Techniques’ AI-guided fish harvesting robotic gave me that second of enjoyment.
All my apes gone: Authorized disputes on the intersection of IP and NFTs
Picture Credit: Bryce Durbin / DailyTech
When Andy Warhol appropriated pictures of Campbell’s Soup in 1962, he was fortunate: For a number of causes, the corporate determined to not sue him for infringing its trademark.
One wonders how the scenario would have performed out 60 years later if Warhol had minted a collection of NFTs with the long-lasting soup labels, nevertheless.
In her newest TC+ publish, CORPlaw founder Kristen Corpion examined “probably the most fascinating and vital IP authorized points which might be presently impacting the creation, switch and use of NFTs,” together with trademark infringement, the primary sale doctrine and why Seth Inexperienced ended up paying a $100,000 premium to purchase again his stolen Bored Ape.
(DailyTech+ is our membership program, which helps founders and startup groups get forward. You’ll be able to join right here.)
Huge Tech Inc.
It’s by no means gonna provide you with up. It’ll make an effort to by no means allow you to down. It in all probability received’t run round and desert you. However TikTok could also be contemplating a music service, report Aisha and Ivan in an article that sadly falls wanting the obligatory quota of musical puns. Don’t fear, of us, I’ll speak to her about it.
In the meantime, Annie studies that Kenya is considering giving Fb a smack with the ban-hammer, after the nation’s Nationwide Cohesion and Integration Fee finds that the social media platform isn’t doing sufficient to filter hate speech.
- Is multimedia coming to Twitter?: Seems just like the social media platform is testing letting you publish pictures, movies, and GIFs all in the identical tweet, Ivan studies.
- We don’t need your steeenking advertisements: Roku misses the mark on its quarterly outcomes, and blames promoting slowdown for developing brief, Lauren studies.
- Financial institution stability goes down, shares go up: Amazon reported its earnings and ran at a $2 billion loss. Looks like stonks love that type of factor, as a result of the share value went up, studies Lauren.
- For you, particular value. For you, it’s double: Twitter Blue will get a value hike from $2.99 to $4.99 monthly, studies Ivan.
- The place do you’re taking somebody after a “peekaboo” accident? To ICU: Instagram just about copied BeReal for its Twin digital camera function, however kinda missed the purpose alongside the way in which, Amanda explains.
- Is there something they will’t do?: Video memes, possibly music quickly (see above) and now TikTok begins testing HTML5 minigames with a handful of companions, Sarah studies.