Tag: backs
Big tech backs Google in defending internet liability protections
A week after Google filed a defense brief to the US Supreme Court, warning that altering Section 230 of the Communications Decency Act (CDA) would “upend the internet,” a number of corporations —including Twitter, Meta and Microsoft, have filed their own legal briefs — supporting Google’s argument that narrowing the statute could have dire consequences for digital publishers.
Under the 1996 CDA statute, companies are protected against liability for user content, including comments, reviews and advertisements. However, the Supreme Court has been asked to consider whether Section 230 is still relevant and appropriate, given that it was enacted before the internet became such an integral part of daily life.
EDEN CONFIDENTIAL: Mother of Wills and Kate bridesmaid backs rift heal plea
Wembley Stadium: FA backs plans for new fences to help curb disorder
Apple reportedly backs out of NFL Sunday Ticket negotiations
Apple has exited talks to secure the rights to NFL Sunday Ticket, according to a report from Puck’s Dylan Byers (via 9to5Mac). Sources tell Byers that Apple backed out of the deal because it doesn’t “see the logic,” not because it can’t afford the NFL’s rumored $3.5 billion asking price.
The Athletic’s Daniel Kaplan backs up Byers’ reporting, saying on Twitter that he’s told, “Apple has indeed bowed out.” While Apple was once considered the front-runner in Sunday Ticket negotiations, talks between the iPhone maker and the NFL dragged on over the past several months, with a November report from The Athletic indicating that Apple’s expectations didn’t align with that of the NFL.
Had source confirm for me Apple indeed has bowed out h…
Michael Bublé backs Lewis Capaldi for Christmas number one
Sequoia India backs Prismforce that helps IT companies build better talent supply chain
Prismforce, an India-U.S. startup that provides IT and tech services companies with tools to build better talent supply chain, has raised $13.6 million in a Series A round led by Sequoia Capital India. IT providers spend a large part of their variable costs on hiring skilled employees. But finding those employees from the ever-growing talent […]
Sequoia India backs Prismforce that helps IT companies build better talent supply chain by Jagmeet Singh originally published on TechCrunch
Citi backs Indian SaaS startup Lentra as it plans to expand internationally
India initially made its name in the tech world years ago when it staked out reputation as a key hub for business process outsourcing. Now that legacy has taken a very different turn in fintech with outsourcing of a very different kind, with the emergence of embedded finance technology. In the latest development, Lentra, an […]
Citi backs Indian SaaS startup Lentra as it plans to expand internationally by Jagmeet Singh originally published on TechCrunch
Binance backs out of deal to buy FTX
The world’s largest crypto exchange by volume, Binance, said it would walk away from a deal with the third largest crypto exchange by volume, FTX.
Binance backs out of deal to buy FTX by Jacquelyn Melinek originally published on TechCrunch
$80M Fund Backs OrangeDAO’s Revolutionary Plan to Mentor and Invest in Web3 Enterpreneurs
“Successful applicants get $25,000 each plus 10 weeks of structured mentorship plus continued access to the more than 1200-member OrangeDAO network. In exchange, OrangeDAO and Press Start get to invest in the resulting companies, if any, produced by the class.” Cringley likens it to the American tech startup accelerator Y Combinator — but on steroids.
Cringley also explains why he thinks this “middle class VC” model “will replicate and grow unconstrained,” ultimately exporting itself from Silicon Valley to cities around the world.
There are many DAOs around and hardly anybody understands them or knows what they are good for. Mainly they have seemed to be involved in the NFT market. But OrangeDAO is different. It has 1200+ members and every one of those members is a graduate of the Y Combinator startup accelerator. They are verified Y Combinator company founders, so they’ve all had similar entrepreneurial experiences and see business much the same way as a result. OrangeDAO seems to have big plans and to make those plans happen in August the DAO, itself, raised $80 million in venture capital, with their first use of that capital being these Fellowships.
I think this will change forever venture capital and the world economy.
It represents a new stage in the evolution of venture capital. In many senses it is the democratization of VC….
The DAO members all have similar backgrounds, similar values, and similar risk tolerances. THERE ARE MORE OF THEM, so they can do bigger deals. And — here’s the important bit — THEY ARE ALL Y COMBINATOR-EDUCATED and connected globally through the blockchain. They not only know many of the same things, they have a sense of where this knowledge comes from and why it is useful…. In the YC-based DAO we have people who want the next generation of entrepreneurs to be even better-educated. It’s not some egalitarian goal, either: they see it as key to success for the whole thing.
Smart people with good ideas will self-identify, be funded at a subsistence level to allow them to develop those ideas and prove their worth, then they can participate on a truly level playing field for the first time…. Gone is the Tycoon, gone is the professional VC who doesn’t understand his tech, gone soon will be the angels (subsumed into the DAO model), and gone for the most part are the asshole VCs whom entrepreneurs grow to hate (not all of them, but a lot).
Done correctly, this model is essentially Meritocratic VC. If the idea is good, the market is ready, and the people know what they are doing, the capital will be there.
Read more of this story at Slashdot.