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“#Archer Aviation says its enterprise value has been cut by $1B” Electric aircraft startup Archer Aviation’s enterprise value has been cut by $1 billion to $1.7 billion as part of a revised deal, Archer and blank-check firm Atlas Crest Investment said on Thursday. The move comes at a time of growing regulatory concerns over blank-check firms or special-purpose acquisition…
“#Kevin Hart invests in car-leasing platform Rodo” Actor and comedian Kevin Hart has taken a stake in New York City-based car-leasing platform Rodo as the startup announced Tuesday that it’s closed $18 million in a series B funding round. Rodo’s an online car-leasing and buying platform where customers can order cars without going to the…
“#Larry Page’s Wisk Aero takes hit in legal fight with Archer Aviation” A federal judge in San Francisco has rejected air taxi startup Wisk Aero’s request for a preliminary injunction against rival Archer Aviation, the latest development in a bizarre legal dogfight between the two deep-pocketed startups. Wisk Aero, backed by Boeing and Google co-founder Larry…
“# Crypto tax startup TaxBit reportedly in talks for unicorn-level funding ” The United States-based cryptocurrency tax software developer TaxBit is reportedly looking for new funding at a valuation of $1 billion or more, which would make it a unicorn startup. According to Bloomberg, people with knowledge of the matter said TaxBit is in talks…
“# CoinFund debuts $83M crypto startup fund ” CoinFund, a blockchain investment firm behind several recent venture raises, has closed an $83 million funding round as part of its ongoing initiative to bootstrap promising crypto-focused startups. The oversubscribed fundraise was led by Venrock, a California-based venture capital firm founded in 1969. CoinFund said several other…
“#Lordstown Motors discloses Justice Department probe, SEC subpoenas” Lordstown Motors, an Ohio company under scrutiny over the number of orders it claimed it had for the electric trucks that it wants to produce, acknowledged receiving two subpoenas from federal regulators and that prosecutors in New York have opened an investigation. The Securities and Exchange Commission…
“#What pairs with beetle? Startups seek to make bugs tasty” LONDON — Tiziana Di Costanzo makes pizza dough from scratch, mixing together flour, yeast, a pinch of salt, a dash of olive oil and something a bit more unusual — ground acheta domesticus, better known as cricket powder. Di Costanzo is an edible insect entrepreneur…
“#Online pay firm Stripe reportedly hires law firm in first step toward big IPO” Digital payments processor Stripe, the most valuable US technology startup, has taken its first major step toward a stock market debut by hiring a law firm to help with preparations, according to people familiar with the matter. The 11-year-old company, which was…
“#British CEO blocked from US by ‘broken’ immigration system” The British co-founder and CEO of a $2 billion Miami-based startup says he can’t get back into the US because of what he called the “broken” US immigration system. “I’m banned from entering the US until next year. Yep, it sucks,” tweeted Harry Hurst, the co-CEO…
“# Utility-focused NFTs: the future of blockchain art? ” Transitioning from static digital collectibles to tokens with real utility will lead to a new generation of NFTs according to Tytan Inc the COO of NFTY labs, a platform focused on building products for the NFT space. In a recent interview with Cointelegraph, he said that…