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Unpacking Chamath Palihapitiya’s SPAC deals for Latch and Sunlight Financial

TechCrunch

Keyless locks = Peloton for real estate. Latch’s hardware works with doors, sensors and internet connectivity. The SPAC is associated with Tishman Speyer, a commercial real estate investor. You can see the synergies, as Latch’s products fit into the commercial real estate space.

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Daily Crunch: Snap lays off one-fifth of its workforce after missing revenue and growth targets

TechCrunch

Slumdog $5-illonnaire : Landa is the latest startup to attract venture capital, in this case $33 million, to democratize real estate ownership, Mary Ann writes. In one study, companies that spent 10% of yearly revenue on customer success attained peak net recurring revenue. The TechCrunch Top 3. You can sign up here.).

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Building control startup PassiveLogic inks partnership with Nvidia, secures $15M

TechCrunch

Nvidia was perhaps won over by PassiveLogic’s go-to-market strategy, which netted the startup contractual commitments for the first two years of sales and distribution partners that plan to include PassiveLogic’s platform in construction and retrofit projects.

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China court blacklists cash-strapped apartment rental startup Danke

TechCrunch

Danke’s model epitomizes the promises of internet platforms or so-called sharing economy — light asset, rapid scaling, but it also creates enormous risks for the suppliers and consumers it vows to serve. Year to date the company has only released its Q1 earnings report, which recorded a net loss of $174.3

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The AI Bubble Will Burst: Here’s How To Limit Your Exposure

Crunchbase News

After a period of historically low interest rates, money poured into internet startups through venture capital. The larger that bubble grows, the more the transfer of wealth in venture capital becomes a net-negative for the majority. The cruder the comparison, the wider the net is cast, and the faster a bubble develops.

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Twig takes $35M to turn stuff you own into a way to pay

TechCrunch

In earlier decades, long before the Internet- and open banking-fuelled fintech boom, legacy banks would pitch to get a new crop of school leavers signed up by offering freebies — like bags, stationery, music or other offers. Now fintech startups compete to offer the most appealing feature mix to net a target youth demographic.

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Web 3.0: The next big thing tech world is counting on

Openxcell

is the next generation of Internet which grants websites and applications the ability to process data intelligently through Machine Learning (ML), Decentralised Ledger Technology, AI, etc. It will also provide complete ownership of the data and tokens shared on the internet by the user to ensure identity preservation. What is Web 3.0?