Posts by Liam Redmond
Instagram Video Test Lets Brands Go Long Form
Instagram is testing videos that run up to 90 minutes, according to SmartCompany. Meta announced the test on October 26, and a limited group of creators in the U.S. and Brazil are the only ones with access today. Here is why you should care. Your best long video may soon live where your customers already…
Read MoreTech industry workers take another hit as Microsoft offers buyouts to tens of thousands of employees
Microsoft is offering buyouts to 60,000 employees — roughly a quarter of its global workforce — as the company looks to slash costs while investing heavily in artificial intelligence. The tech giant based in Redmond, Wash., has offices throughout the world, including in California. Microsoft didn’t indicate how many California employees are eligible for the…
Read MoreLessons From Barbara Corcoran, Suze Orman and Other Women Who Beat the Odds
What does it take to succeed when you’re the only woman in the room? For Barbara Corcoran, it meant refusing to play by everyone else’s rules. For Suze Orman, it meant proving she could succeed in finance when the people around her didn’t believe she belonged. And for Andrea Miele, it was building something they…
Read MoreJeremy Adams on the Hard Lessons of Building a Business
Most ambitious founders understand it takes a lot of work to launch a sustainable business. But there’s a difference between understanding the cost on the surface and experiencing it firsthand. Jeremy Adams falls firmly in the camp of the latter. He spent the early years of his adulthood waiting tables and trying to pay his…
Read MoreManufacturing Automation Startup Formic Raises $50M
Formic, a Chicago-based robotics company, pulled in $50 million of growth funding, according to a Business Wire release dated October 22. Mercato Partners headed a Series B that forms part of the total, S2G Investments supplied debt, and Citi plus several venture firms joined in. Here is the lesson I want you to steal. Formic…
Read MoreSatellite Navigation Startup Xona Raises $250M to Rival GPS
Xona, a California company building navigation satellites, has closed a Series D worth $250 million, according to a Business Wire announcement from October 22. Future Ventures led the round and valued the company at $2.45 billion. Xona says it has taken in over $570 million overall since 2019. If your product relies on location or…
Read MoreSeries A Round Advice: Investors Warn of a 2027 Correction
Raising a Series A feels harder than it has in years, and three investors said so out loud at TechCrunch Disrupt. In a panel recapped by TechCrunch, partners from Peak XV, Index Ventures and Bessemer explained what they want to see. One of them also predicted a market correction as soon as 2027. That mix…
Read MoreLegal AI Startup Legora Raises $550M: Growth Lessons for Founders
Legal software company Legora closed a Series E worth $550 million, which values it at $8.8 billion, according to its own announcement dated October 21. Atreides Management led the round, and the previous valuation was $5.6 billion. The company says annual recurring revenue now tops $200 million. Founders watching the legal AI market should read…
Read MoreDeceptive Trade Practices: What Meta’s $25B Ruling Means for Founders
A New Mexico judge told Meta on Wednesday to hand over $25 billion as a penalty, according to Source New Mexico, after a jury decided the company had engaged in deceptive trade practices under state law. A Santa Fe jury had earlier tallied roughly 44 million breaches of the state’s Unfair Practices Act. Meta says…
Read MoreFlood alert for LA, Ventura, Santa Barbara and San Luis Obispo ahead of king tides
Coastal areas in California are bracing for possible flooding due to “very high” king tides. The National Weather Service (NWS) has issued a coastal flood advisory, starting 5 a.m. Sunday to 1 p.m. Thursday for beaches in Los Angeles, Ventura, Santa Barbara and San Luis Obispo counties. High tides will likely reach up to eight…
Read MoreRangers sign James Reimer to NHL contract in latest goalie twist
For the second consecutive year, James Reimer turned a PTO into an NHL deal — and this one will help the Rangers’ goaltending puzzle. The Rangers signed the 38-year-old Reimer to a one-year contract for the $850,000 veteran minimum after he was released from his PTO with AHL Hartford earlier Sunday, according to The Post’s…
Read MoreMusk confirms SpaceX was behind thwarting of Ukraine’s Starlink access: ‘Evil warmongers’
Elon Musk has all but confirmed his company SpaceX was the one that throttled Ukraine’s access to its crucial satellite internet system, undermining the country at a vulnerable time in its fight against Russia. Musk claimed Saturday that Ukraine had been using the civilian ‘Net system, Starlink, to carry out drone attacks against Russia and…
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