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.
Oc-flippin-tober? You have to fool us. However, it is a sobering experience to watch the who year fly by! ahem.
Forgive the incoherence, we’re entering the australiabusinessblog.com Disrupt silly season here. We are psychic. There are also only a few hours left to volunteer at australiabusinessblog.com Disrupt and attend for free, if you want to get your application for next week! — Christine and hi
The australiabusinessblog.com Top 3
- Now it’s out: Hackers have released a lot of data – some 500 GB worth – it stole during the Los Angeles Unified School District ransomware attack, carly writes. This includes some personally identifiable information, financial reports and health data. Ugh.
- Someone didn’t keep upAnd that someone was Kim Kardashian, who settled with the U.S. Securities and Exchange Commission for $1.26 million after she was found to be violating rules regarding the disclosure of receiving payments in return for promoting cryptocurrency. darrell has more. In the meantime, Anita and Dominic-Madori put together to judge why it’s okay not to defend Kardashian, especially, as they put it: “EthereumMax was an unknown token worth next to nothing before she posted about it on Instagram.”
- Name changeAmazon now has a dedicated portal for its affordable shopping options called Amazon Access, which includes features such as layaway and coupons, Aisha reports.
Startups and VC
See, we know we usually focus on TC.com content here, but this week, two stories from our subscription site, australiabusinessblog.com+, caught our eye.
Ron and Alex noted that early 2022 looked set to be a record year for SaaS M&A. That doesn’t seem to have really happened. With a lot of headaches and some theories, they ask why aren’t we seeing more aggressive SaaS mergers and acquisitions?
In the meantime, Becca notes that venture capital has been on a rollercoaster this year. The theme is similar; 2022 kicked off with the strongest wave of venture deployment ever, just before the stock market plummeted and dragged the company down. She reaches for her crystal ball and admits that while it’s unclear what will happen in VC in Q4, it certainly won’t be boring.
If you don’t have a TC+ subscription, we have a special deal for your DC subscribers; Use code “DC” for a 15% discount on an annual subscription!
On the rest of the site, we’ve got these nuggets for you:
3 guiding FinOps principles that will help you explain cloud costs to board
Cloud financial management, or more simply, “FinOps”, leverages multi-functional teamwork between financial, technical, and product teams to help organizations make better use of their resources.
“Knowing the economics of your cloud unit is key to building an explicable, transparent model of your cloud costs,” writes Liran Grinberg, co-founder of Team8.
“Development teams must face the music and become financially responsible for the infrastructure and services they use. Meanwhile, CFOs and CTOs need to get ready to answer some tough questions during board meetings.”
Three more from the TC+ team:
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.
Prosus has decided not to proceed with the $4.7 billion acquisition of BillDesk. manish reports. Just a month after the go-ahead from the Indian antitrust agency, the company cites “certain conditions” that have not been met as to why the deal fell through.
Meanwhile, TikTok is looking for some good partners to launch its live shopping offering in the US, Ivan writes.
And we have five more for you: