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Holy hell, how is it Friday again? I feel like I wrote one of these newsletters just yesterday. There’s been a ton of exciting movement in the world of startups, though: Some highs, some lows, some drama, and some fun new trends.
My big contribution this week was a deep dive into the world of crowdfunding — and whether you should use it to raise money for your startup.
Okay, what else happened this week . . .
The most interesting startup story
Image Credits: Cory Green/Yahoo
Okay, so my newsletter is called “Startups Weekly,” but I want to dedicate a chunk of it to Apple. Why? Because, as I wrote last year, I think Apple’s Vision Pro is going to be a huge game changer for startups.
We’ve finally had our mittens on Apple’s face-wearable computer. And, what can we say, it’s pretty astonishing.
Brian spent an hour with the Apple Vision Pro back in January, and then blogged his little heart out as the Vision Pro finally arrived at his house, in a fascinating (and often hilarious) series of posts covering Day One and Day Two, and an in-depth review that concludes that it’s the best consumer headset out there, where he hopes that the current experience will feel antiquated a generation or two down the road. Although, there’s a powerful use case right now, in the form of immersive mindfulness.
There’s an opportunity here, though, especially in the enterprise.
600 apps at your fingertips: Developers are rapidly preparing over 600 new apps and games, joining over 1 million iOS and iPadOS compatible apps. This surge in app development flies in the face of concerns about developer interest due to Apple’s controversial compliance with the EU’s Digital Markets Act.
No YouTube app: With the release of the Apple Vision Pro headset, a third-party developer steps in to fill the YouTube app gap with Juno, a $5 one-time purchase app that leverages YouTube’s embed API for a native experience. The app offers features like resizable windows and playback controls, with plans for further enhancements.
Reasons to be excited: Lauren and Ivan collected some of the visionOS apps from smaller developers that users can try out when their headset arrives.
Most interesting fundraises this week
Image Credits: Getty Images/pkfawcett
In a world where tossing food into landfills seems as American as apple pie, startups are popping up like mushrooms to tackle the absurdity of food waste. Enter ProducePay, which decided that enough was enough. With a mission that honestly sounds more like a superhero’s vow than a business plan, ProducePay aims to wrangle the chaos of the fresh produce supply chain into submission. Armed with a hefty $38 million from its latest funding round, it’s set to take its crusade global. Because, really, in the face of a planet where throwing food away is a pastime, what’s a few million dollars among friends? Here’s to hoping their plan doesn’t rot on the vine.
Oh, how the mighty rivers of VC cash have dried up to mere trickles for cybersecurity startups. After a 2021 deluge where $23 billion casually rained down on the sector, 2023 saw these upstarts scooping up less than a third of that. Going against the current of financial drought, NinjaOne struts in, bagging a cool $230 million in Series C funding like it’s no big deal. Apparently, they weren’t even trying — investors just couldn’t resist throwing money at them. With this round, NinjaOne’s valuation hit $1.9 billion. In a world where cash is king, NinjaOne is smirking all the way to the bank, planning to sprinkle some of that VC gold on expanding its empire and making IT headaches a thing of the past.
A handful more:
It’s electrifying: Armed with a fresh $20 million and a dream to make fusion power a lot simpler, Thea Energy is betting big on software to do the heavy lifting. Forget about painstakingly precise magnet construction; Thea’s plan is to play plasma puppeteer with some clever coding.
Transforming, er, transformers: Over on the electric grid, transformers have been dutifully doing their one-trick pony act since the 1800s. Enter Amperesand, waving a $12.5 million seed round, ready to drag these grid guardians into the 21st century with solid-state tech.
Bitcoin on the stock market: We asked TechCrunch readers if they intended to buy bitcoin via one of the new spot ETFs, whether they owned bitcoin elsewhere, and what impact they expected these new investing vehicles to have on its value and on crypto.
This week’s big trend: It’s all social, all the time
Image Credits: Snap Inc.
I loved Sarah’s analysis this week of what the ever-glowing hell is going on at Twitter. In the wake of Twitter’s identity crisis under Elon Musk, the social media landscape is blooming with alternatives like Mastodon, Bluesky, and Meta’s Threads, creating a buffet of brief-post platforms. It’s a golden age for those fleeing X (formerly Twitter), but a headache for early adopters juggling half a dozen apps. Amid this chaos, Tapestry and other aggregators aim to be the Marie Kondo of social media, promising to tidy up our digital mess with a unified app. Good luck with that in a world where even the aggregators need aggregating.
