Monday, June 3

Weekly startup and VC news, curated for you

Author

Juliet McAlee
June 03, 2024

Hello!

In case you didn’t know, today is World Bicycle Day. The World Health Organization created this day to showcase the benefits of bicycles for saving energy, promoting exercise, and achieving equitable transportation.

So pull that bike out of the garage or hop on over to your nearest Citi bike rack and go for a ride to feel the wind on your face. Or you can just feel the wind rush from the subway train pulling into your station stop. Up to you.

Rock (and read) on!

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🌟 What’s New This Week 🌟 

😎 Judging by its partnership with AR startup Magic Leap, Google is serious about becoming a major AR/XR wearables competitor.

🏛️ A jury awarded aerospace startup Zunum $90M in damages after it found Boeing guilty of trade secrets theft.

☀️ Clean energy and transportation investment is up 40% in Q1, totaling a record $71B.

🤖 Weeks after resigning from OpenAI, Jan Leike joins competitor Anthropic in an oversight role.

👩‍⚖️ A judge dismissed a lawsuit against the nonprofit entrepreneur platform Hello Alice for issuing grants limited to Black business owners.

📚 Dive A Little Bit Deeper 📚

🏡 LEAVING THE BRIGHT LIGHTS BEHIND — Big names, high living costs. Such is the nature of launching a startup in urban tech hubs. This reality has spurred some founders who moved to these cities to leave and run their startups from their hometowns and countries.

🖥️ DATA DECISION-MAKING — Winging it isn’t an option when it comes to your startup’s data and analytics. Even early-stage startups need robust data strategies. Start with these 15 tips.

💭 THEN AND NOW: VC EDITION — Board seats for VCs were once a standard perk that came with investing in a startup. Not so much anymore. Why? Two VCs reflect on how practices have shifted over the years.

🖊️ BID IT TO WIN IT — Government contracts are an underutilized resource for startups looking for an influx of capital. Not only can they propel your growth substantially, but there’s a ton to apply for at your disposal.

⚡️ Question for the Community ⚡️

Startup founders, how did you raise your first round?

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Results from last week’s poll: