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Welcome to Humpday Crunch!
Today we are sad that Aloria passed away on Sunday, ashes Lorenzo reported. She was a veteran of the cybersecurity community, especially the one in New York, her home for many years. The Twitter account of the New York City security conference, Summercon, announced her death Monday, sparking a seemingly endless list of people publicly mourning her loss and paying tribute to her life.
The businessupdates.org Top 3
- x marks the spot: GitHub launched its Copilot X initiative today, that Frederick reports is an extension of his work on his popular Copilot code completion tool, which originally launched in preview as early as 2021. The tool also adds a chat mode and more.
- Do you need to earn back an investment?: If you are a founder who is struggling and has raised some venture capital but couldn’t quite find that product in the market, is there a “graceful way out”? That’s the question that Connie goes to investor Gokul Rajaram, who discusses the idea of closing shop and returning some money.
- A night at the AI Opera: Opera is capitalizing on the AI excitement with ChatGPT and AI summary features that let you generate AI prompts by highlighting or typing text on a website. Ivan has more.
Startups and VC
Good Meat, Eat Just’s cultured meat unit, completed the U.S. Food and Drug Administration’s pre-market consultation on its method of production, and the agency concluded this week that it had “no questions.” Christine reports.
Early-stage founders need mentorship and support to build a successful startup, and conventional wisdom says, “Go to an incubator or an accelerator!” However, the two programs are not interchangeable – they serve very different purposes – and there are about 500 accelerators and 1,400 incubators in the US alone. At our Early Stage event in Boston on April 20, we’ll dive deeper into that topic and many others. Join!
And we have five more for you:
3 tips for crypto startups preparing for continued compliance
Most startups can avoid getting into the weeds about legal matters before launch, but crypto companies are in a different boat. Faced with a tangle of state and federal laws, inadequate compliance can quickly lead to regulatory issues and undermine customer confidence.
In a TC+ post, written by three lawyers from the law firm Norton Rose Fulbright US LLP, the authors share basic information relevant to crypto startups operating in the US.
“Establishing a robust, risk-based compliance function…and staying abreast of the latest regulatory guidance will help cryptocurrency companies better position themselves to weather the crypto winter,” they write.
Three more from the TC+ team:
businessupdates.org+ is our membership program that helps founders and startup teams lead the way. You can sign up here. Use code “DC” for a 15% discount on an annual subscription!
Big Tech Inc.
Bag follows what’s going on with a vulnerability in Fortra’s GoAnywhere software and continues to hear from organizations that have been hacked. The Russia-based Clop group, which claims to be behind this, has said some 130 organizations are believed to be victims, but less than half have been disclosed. So stay tuned for more developments.
Meanwhile, payment processing service Checkout.com is letting customers have some fun: It has launched virtual and physical cards that they can customize. Roman writes that this new feature, called Issuing, “presents a business opportunity for fintech companies. When someone pays with a card, the card transaction fee is split between the merchant’s bank, the card scheme (e.g. Visa or Mastercard) and the card issuer (in this case Checkout.com).”
And we have five more for you:
In fact, we have one more! Here’s a recent story: indeed, the job platform announced the layoff of 2,200 employees, Amanda reports.