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Welcome to Startups Weekly . Sign uphereto get it in your inbox every Friday .
inauguration exist to solve complex problems , not to be a quick moneymaking scheme , and their succeeder lies in their unique time value proposal . The harder the trouble a inauguration is tackle , the stronger their free-enterprise advantage and the more indispensable they become in their industriousness . Simple solutions are easily replicated , lay on the line the startup ’s position and success .
The key to a successful startup lies in its team and their ability to reply pivotal interrogation about the startup ’s purpose and challenge . work on a unmanageable startup problem can bring diligence recognition , ease sale and merchandising feat , and launch the doorway to shoot more for your bounty production . In unforesightful : If inauguration seems like an easygoing win , the founder are likely overtop something , I argue in my most recent pillar . Solve something that could at first seem unimaginable , and you may be on the correct path . If there is n’t a very literal fortune of unsuccessful person , you ’re doing it amiss .
On that lighthearted rant , here ’s what ’s been cookin ’ in the man of startups at TechCrunch this week !
Someone call security
If you have n’t been paying care to what our cybersecurity squad has been hatch , you have been pretermit out . Zack , Lorenzo , and Carly are absolutely crushing it . Allow me to make an fervent plea for not miss their employment .
When you call back “ of the essence services , ” you might think water , electrical energy , and hospital — but internet connectivity is progressively crucial as the base that tie together the textile of society . As the conflict between Israel and Hamas continues , internet connectivity in Gaza took a severe hit . Palestinian net service provider NetStream reportedly collapse due to a severe famine of fuel provision , while other providers such as Paltel and Mada Al Arab are also facing serious connectivity issues . Although the situation remains precarious , connectivity eventually was partially restore . There are indication that theU.S. government is set pressure on Israel to restore cyberspace connectivityin Gaza .
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Atlassian issue a warning about a critical security defect that could result in important data point loss for its client . Notably , this product was late the target of Chinese state - patronize hackers . Atlassian has not yet detail how the flaw can lead to data loss buthas urge customers to patch up against the flawimmediately .
There ’s more :
About flippin ’ time , too : Apple hasrecently fixed a longstanding vulnerabilityin its iOS software program that undermined a privacy lineament . Security research worker found that the feature , introduce in iOS 14 , was not working as intended .
$ 400 million security acquirement : At a time when the tech industry in Israel is disrupted due to political events , Palo Alto Networks isacquiring Israeli tech company Dig Securityfor an estimated $ 400 million . This acquisition will bolster Palo Alto ’s cloud security - centre Prisma line .
I guess we got ta pay up : Paying off hackers in the result of a ransomware attack is middling common practice , butit comes with a ton of booby trap : You are trust anon. malefactor to do what they promised , and you may potentially be violating U.S. indorsement laws along the agency .
What’s brewing on the silicon farm?
Apple ’s “ Scary Fast ” October event saw the announcement of theirnew M3 chip lineup that include M3 , M3 Pro , and M3 Max . These chip , which were the highlight of the upshot , will be integrate intothe new 24 - inch iMacand thenew MacBook Pros . The focusing of the M3 chip is enhance graphic capabilities . Compared to the premature M1 microprocessor chip , Apple asserts that the M3 show at 2.5 times the speed and has a CPU that is 30 % quicker . The event ’s videos seem great ( of course they did — they were produce by Apple ) , but one delightful quirk was that theywere all shot on iPhones , establish off that the phones are becoming more and more capable , even for professional work .
Magic Leap , an augmented reality ironware company , hasreplaced its CEO Peggy Johnson with Ross Rosenberg , marking the mop up of its enterprise pivot man . Johnson joined Magic Leap in August 2020 and led the transmutation in business scheme . Her successor previously serve as executive director at Belden and First Solar , and will now manoeuver the company through its next period , as the company face the daunting challenge of achieving lucrativeness .
More from hardware nation :
Is it a hiss ? Is it a plane?:Shield AI , a inauguration specializing in self-governing flight system of rules for the U.S. war machine , hasraised $ 200 million in a young financial support around , reaching a rating of $ 2.7 billion .
Eero grows up , with best - in - class Wi - Fi : Amazon ’s Eero haslaunched its most sophisticated engagement Wi - Fi router yet , the Eero Max 7 .
Boksing claver : Danish startup Soundboks releasedits fourth - generation Bluetooth speakerthat has been a bang in Europe ’s fete setting but has yet to gain a firm footing in the U.S. market .
Highs and lows in the world of startups
The current bear market in cloud stocks has conduct to a reversal of taxation multiple from originally this year , making it difficult for late - leg startups to accrue value , Alex writes on TC+ . However , other - level startups that are growing speedily may still be able-bodied toraise investment trust and requirement for a estimable valuation . The trend points toward a favorable environment for startup prioritizing growth over hard currency saving .
At the same clock time , we would n’t be surprised if WeWork stop up filing for bankruptcy(TC+ ) . The troupe has been grappling with significant challenges . WeWork ’s line of descent hit a unexampled low , flatten over 47 % after hours to just $ 1.21 , which brings the company ’s market cap down to a bare $ 121 million . This is a drastic fallfrom the $ 47 billion valuation it achieve after its SoftBank - lead Series H daily round in other 2019 .
trust for the best , prepare for the forged : Startup co - founders do n’t always make it , and in her fantastic TC+ piece , Rebecca explore what you’re able to do to prepare today , should a co - founder dissolution be on your startup journey ’s path .
Bumper banking backing in Brazil : Brazilian startup QI Tech , a banking - as - a - Robert William Service chopine , hasraised $ 200 million in a Series B funding round , mark the large raise in Brazil this yr across all sector . The latest funding round bestow QI Tech ’s total capital raised to $ 262 million .
New Web Summit CEO appoint : Former Wikimedia Foundation CEO Katherine Maher has been appointed asthe new chief executive officer of Web Summit , observe the controversial difference of its previous leader , Paddy Cosgrave . Maher ’s appointment come as the tech conference faces a challenge to rebuild relationship and trust within the tech community of interests .
Top reads on TechCrunch this week
Shinier , smarter maps : Google isrolling out a variety of update for Maps , incorporating AI technology to raise user experience . The feature is presently available in France , Germany , Japan , the U.K. and the U.S. , with plan for further expansion .
From stop - and - start to level onward : Over on TC+,Tim has had it with U.S. automakers hesitating on EVs , as Ford and GM are showing star sign of backing aside from their commitment to galvanising vehicles . Sir Noel Pierce Coward .
A swan song from the bird sanctuary :X has marked its value at $ 19 billion , accord to inner written document , marking a 56 % decrease in value since Elon Musk ’s purchase last year . spoilt for shareholder and Musk , butpotentially good for executives and employee , Amanda explicate .
