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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Hello friends, and welcome back to Week in Review ! Last week, we talked about about the “de-stonkifying” of the market. The company’s stock tanked by more than 26 percent, representing a $230 billion reduction in market cap and a $31 billion drop in Zuckerberg’s personal net worth. other things.

Marketing 246
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Invoca's Offices Taken Over By 20,000 Honey Bees

socalTECH

Invoca--which sent its workers home in March to due to the COVID-19 pandemic--apparently discovered in January that bees had taken up residence in its offices, resulting in a major bee removal operation which netted the company nearly 10 pounds of honey when the bees were removed by a local honeybee relocation firm.

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Sagewise pitches a service to verify claims and arbitrate disputes over blockchain transactions

TechCrunch LA

All of the benefits of a cryptographically secured, publicly verified, anonymized transaction system can be erased by errant code, malicious actors, or poorly defined parameters of an executable agreement. Hoping to beat back the tide of bad contracts, bad code and bad actors, Sagewise , a new Los Angeles-based startup has raised $1.25

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7 Government Small Business Grants to Apply For in May 2024

Tech.Co

8(a) Business Development Program For: Socially and economically disadvantaged business owners Funding limit: $7 million for acquisitions assigned manufacturing NAICS codes and $4.5 However, due to the competitive nature of the financing, you need to ensure your grant proposal is polished and stands out from the crowd.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383
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Funraise Creates $600K Fund For Nonprofits

socalTECH

To launch the grant effort, Funraise said it is offering up grants for such hing as a year of free office space at WeWork in Southern California, $25,000 in Apple products, a $25,000 cash grant, brand marketing consultation from Ideation, a high net worth pitch to 10 philanthropists, and more. Funraise is led by CEO Justin Wheeler.

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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

Companies that have leveraged technology to make the procurement and delivery of food more accessible to more people have been seeing a big surge of business this year, as millions of consumers are encouraged (or outright mandated, due to Covid-19) to socially distance or want to avoid the crowds of physical shopping and eating excursions.