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Contents
The businesskinda.com Top 3
- More Meta Layoffs: Reports suggest Meta plans to cut another 4,000 jobs this week, Rebekah writes. If you keep track at home, this comes on top of an announcement made in March to cut 10,000 jobs and 11,000 jobs cut in November.
- And the winner is…: Amazon tops LinkedIn’s list of best places to work, and Ingrid writes that job seekers’ priorities have shifted to workplace culture, concluding that “the big question is whether or not factors such as cultural values are a sign of our times, or whether these parameters will remain permanent priorities among job seekers, making the bigger picture of how recruiters can capture the best talent — and indeed what ‘talent’ will look like — will change in the future.”
- Bay-be real, doo doo doo doo doo doo: The curtain is really falling on the lives of BeReal users, who can now record what they’re listening to on Spotify when they post, Aisha reports.
Startups and VC
Many apps today assume that data resides in only one location, usually a single cloud database. But the reality is more complex, Kyle reports. Thanks to the proliferation of mobile devices and cloud infrastructure — the latter of which gained momentum during the pandemic — apps now need to store and process data in more places, from the edge to the public cloud. Ditto to help so businesses can keep everything in sync.
There was only one fintech unicorn birth in the entire quarter. This is the first time since late 2016. The only unicorn born in the first quarter was Egypt-based MNT-Halan, which raised $260 million in equity in early February at a valuation of $1 billion. Mary Ann And Christine report in their review of the first quarter of the year.
And we have five more for you:
Software investors should (re)learn these 3 ideas before getting into deep tech
Image Credits: Christian Stuerzenegger (Opens in a new window) /Getty Images
As VCs have “turned software investing into a low-margin financing game,” it could be a positive that so many are “unable to get ahead and invest in the next big thing: deep tech,” says Champ Suthipongchai , co-founder and general partner at Creative Ventures.
A SaaS mindset is simply irrelevant to deep tech investing, meaning traditional VCs need to recalibrate their behavior (and expectations) before diving in.
“The first software investor mantra just doesn’t make sense in the world of deep tech,” Suthipongchai writes. “This kind of magical thinking is exactly why their software playbook is doomed to fail.”
Three more alliterative articles from the TC+ team:
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Big Tech Inc.
Tesla controls prices everywhere. The electric vehicle company cut prices again for the Model 3 and Model Y, so those popular models are now under $40,000, Rebekah reports. We now look at how well those margins did in impacting Tesla’s Q1 earnings, which will come out later today.
The consumer technology team reported on the Snap Partner Summit today and here are a few things they discovered:
And we have five more for you:
Janice has been with businesskinda for 5 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider businesskinda team, Janice seeks to understand an audience before creating memorable, persuasive copy.