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Last to know: VideoLAN, maker of the popular media player VLC, sent a legal notice to some of India’s ministries alleging that they banned its website without informing the company it was going to do so. Manish has more.
“The next Mark Zuckerberg?”: Two Stanford dropouts created Fizz, which Amanda describes as “the anonymous, college-only, Reddit-like social app” that helps you stay connected should your alternative pandemic communication options fail you.
Startups and VC
John Curtius, the prolific Tiger Global senior partner who has been at the center of some of the firm’s biggest deals in the last several years, is leaving the firm, Ingrid writes. He will be leaving to start his own firm, which will concentrate investments from Series A to Series C. Curtius will stay with Tiger until June.
In the broadest of strokes, the circular economy represents a colossal shift in how humanity makes and uses stuff. Instead of primarily harvesting raw materials to produce goods that wind up incinerated, or in oceans or landfills, the circular economy offers an alternative where stuff is deliberately reused, repaired and recycled over and over again. Harri reports that Google is spinning up a new, online-only startup accelerator centered around the elusive circular economy. The effort is Google’s latest to help environmentally focused startups grow while potentially hooking them on its cloud products in the process.
In other news:
Solve for X, where: Tage reports that Egyptian venture capital firm Algebra Ventures hits its first close of a second, $100 million fund.
Edtech’s honeymoon might be over, but expect a second boom
Image Credits: Daniel Grizelj (opens in a new window) / Getty Images
After the pandemic drove students at every level into remote learning, the edtech sector saw record levels of investment — until the public markets began to cool off several months ago.
"That said, it’s important to remember that publicly traded value represents a fraction of the overall edtech sector," found Dealroom edtech analyst Carla Napoleão and Rhys Spence, head of research at Brighteye Ventures.
In a detailed report that studies both the public and private markets, the duo looked at global deal flow, trends in subsectors like K–12 and corporate learning, and recent M&A activity.
"Edtech still has deep and untapped opportunities. The markets may have slowed, but it won’t be long until the momentum returns."
But wait, there’s more!
Space, the final wireless frontier: Tim reports on wireless power company Emrod beaming 550 watts across an Airbus warehouse to demonstrate space-based solar power.
More value, more fast: Four ways cybersecurity startups can boost adoption and shorten time-to-value, by Ross Haleliuk.
Big Tech Inc.
Aren’t you glad you came here? It’s an Elon Musk day. The big story was Connie’s report on Mr. Musk and how his opinion on a peace plan for the ongoing Ukraine-Russia war was not taken probably the way he thought it would. Then in a strange turn of events today, Amanda writes that Musk will now go through with the deal to buy Twitter at his initial offer of $54.20 per share. Representatives filed a notice with the SEC. That news sent shares of the company skyrocketing to over $47 from the open at nearly $43.
Here’s five more for ya:
Going to court: The U.S. Supreme Court has agreed to evaluate Section 230 of the Communications Act, which basically shields tech platforms from liability when it comes to content posted by its users. Devin has more.
Sold!: South Korean search giant Naver plans to acquire fashion marketplace Poshmark for $1.2 billion, Kyle writes. Meanwhile, Alex puts his TC+ spin in it with 3 takeaways from the deal.