SpaceX gets green light for network of satellites | Mojo Vision works on AR contact lenses | Diabetes digital health startup pitches results-linked reimbursement
November 16, 2018
SmartBrief on Entrepreneurs
The Lead
SpaceX gets green light for network of satellites
SpaceX has received approval from the Federal Communications Commission to operate 7,000 satellites in very low orbit over the Earth. The network of satellites could help to support broadband and communications services.
ZDNet (11/15) 
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Today In Startups
Mojo Vision works on AR contact lenses
Silicon Valley startup Mojo Vision is working on an invisible computing augmented reality technology that would eliminate bulky headsets and allow users to enjoy AR via contact lenses. The company is not releasing extensive information, but promises updates will be forthcoming.
CNET (11/15) 
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Diabetes digital health startup pitches results-linked reimbursement
Diabetes coaching and monitoring startup Virta Health has announced a business model under which insurers and employers will pay for its program only when it works. The first payment is made only if a patient has demonstrated adequate engagement after using it for a month, and the second payment is made after one year, but only if patients hit their predetermined blood glucose targets.
STAT (tiered subscription model) (11/14) 
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Perfect Day forms partnership for animal-free dairy proteins
Archer Daniels Midland is partnering with startup Perfect Day as the two companies look to work on animal-free dairy proteins. "We're one step closer in a big way to making this real," said Perumal Gandhi, co-founder of Perfect Day.
Fortune (11/15) 
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Analysis: Asian IPO downturn could bring more realistic valuations
Having raised $62 billion in 480 listings over a nine-month period, the Asian initial public offering market is seeing its formerly sky-high valuations settle to earth. IPOs are being repriced or put on the back burner as the correction takes hold.
Reuters (11/15) 
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Make Your Startup Better
Why the outlook is bright for consumer-facing startups
The economic landscape has shifted, but there are still strong opportunities to build consumer-facing companies, writes Rishi Garg, a partner at Mayfield. There are big societal problems for companies to tackle, and new companies can learn from their predecessors while tapping new sources of capital, Garg writes.
TechCrunch (11/15) 
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Funding, IPOs and Acquisitions
When Entrepreneurs Fail
Fundamental challenges to starting a new business
Failing to be adequately prepared can be a death sentence for your business, and Jeremy Adams, CEO of Unicorn Innovations explains what aspiring entrepreneurs need to understand before they start. Know the absolute worst-case scenario, realize the sacrifices that will need to be made and be willing to take full responsibility for the business.
Entrepreneur online (11/13) 
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The last wave of breakout companies created interactive platforms (Twitter, Snapchat, Instagram, etc.) that have entertained many. They didn't solve big societal problems.
Rishi Garg, a partner at Mayfield, writing at TechCrunch
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