To get a roundup of australiabusinessblog.com’s biggest and most important stories delivered to your inbox every day at 3 p.m. PDT, subscribe here.
The australiabusinessblog.com Top 3
- Last to know: VideoLAN, maker of the popular media player VLC, sent a legal notice to some of the Indian ministries claiming that they had banned the website without notifying the company. manish has more.
- “The next Mark Zuckerberg?”: Two Stanford dropouts created Fizz, what Amanda describes as “the anonymous college-only, Reddit-esque social app” that helps you stay connected when your alternative pandemic communication options fail you.
- It’s here, it’s here!: The Google iOS 16 Lock Screen widgets begin to roll out, allowing users to place widgets on their iPhone’s Lock Screen, Sarah writes.
Startups and VC
John Curtius, Tiger Global’s prolific senior partner who has been at the center of some of the company’s biggest deals in recent years, is leaving the company. Ingrid writes. He is leaving to start his own company, which will concentrate investments from Series A to Series C. Curtius will stay with Tiger until June.
In its broadest sense, the circular economy represents a colossal shift in how humanity makes and uses things. Instead of primarily harvesting raw materials to produce goods that are burned, or end up in oceans or landfills, the circular economy offers an alternative in which things are consciously reused, repaired and reused. Harris reports that Google is setting up a new, online-only startup accelerator around the elusive circular economy. It’s Google’s latest effort to help environmentally-focused startups grow, while potentially connecting them to its cloud products.
In other news:
Edtech’s honeymoon may be over, but expect a second boom
After the pandemic propelled students at all levels into distance learning, the edtech sector saw record levels of investment — until public markets began to cool a few months ago.
“That said, it’s important to remember that the publicly traded value represents a fraction of the total edtech industry,” said Dealroom edtech analyst Carla Napoleão and Rhys Spence, heads of research at Brighteye Ventures.
In a detailed report examining both the public and private markets, the duo looked at global deal flow, trends in subsectors such as K-12 and corporate learning, and recent M&A activity.
“Edtech still has deep and untapped opportunities. The markets may have slowed down, but it won’t be long before the momentum returns.”
But wait, there’s more!
australiabusinessblog.com+ is our membership program that helps founders and startup teams stay ahead of the curve. You can register here. Use code “DC” for a 15% discount on an annual subscription!
Big Tech Inc.
Aren’t you glad you came here? It’s an Elon Musk day. The big story was ConnieMusk’s report on how his views on a peace plan for the ongoing war between Ukraine and Russia were not interpreted the way he thought it would be. Then in a strange turn of events today, Amanda writes that Musk is now going ahead with the deal to buy Twitter at its initial offer of $54.20 a share. Representatives have filed a notice with the SEC. That news sent the company’s stock up to more than $47 from its opening at nearly $43.
In the meantime we enjoyed Brian‘s Q&A with new Kickstarter CEO Everette Taylor, who hasn’t been in the role for a week and is already underway.
Here are five more for you: