How startups could benefit from the Green New Deal | Optimus Ride gears up for autonomous vehicle test in Va. | Stripe pins its hopes on globalization
February 8, 2019
SmartBrief on Entrepreneurs
The Lead
How startups could benefit from the Green New Deal
How startups could benefit from the Green New Deal
Rep. Alexandria Ocasio-Cortez, D-N.Y., and Sen. Ed Markey, D-Mass. (Saul Loeb/AFP/Getty Images)
The Green New Deal introduced by Democratic lawmakers could be a positive sign for startups working in such areas as transportation, energy and finance, writes Jonathan Shieber. Even if the bill ends up being merely a "conversation starter" for more modest goals, that could be good news "for the investors whose technologies are likely to be called upon to provide solutions," he notes.
TechCrunch (2/7) 
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Today In Startups
Optimus Ride gears up for autonomous vehicle test in Va.
The self-driving vehicle startup Optimus Ride is planning a small-scale test of its technology confined to residents of a specific development in Reston, Va. The move "underscores the need for self-driving car operators to rein in their ambitions before going public," writes Andrew Hawkins.
The Verge (2/7) 
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Stripe pins its hopes on globalization
The rising tide of nationalism around the world poses challenges to the business model of Stripe, the San Francisco-based payments company valued at roughly $23 billion. Its next large target market is India, but Stripe also hopes to expand in small EU nations such as Latvia and Poland.
Bloomberg (tiered subscription model) (2/6) 
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Make Your Startup Better
Should you accept a pre-emptive funding offer?
In some cases, investors may offer pre-emptive funding offers even before founders have a chance to make a formal pitch, writes Aaron Harris. Consider several factors -- including the money and equity involved -- when deciding whether to accept this kind of offer.
Y Combinator (2/7) 
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Farmer's Fridge founder shares fundraising insight
Food startups must have a solid financial model to show potential investors, says Farmer's Fridge founder and CEO Luke Saunders. He also says it's essential to speak to a lot of investors and network to find the right one, since the majority are likely to say no.
FoodNavigator (2/6) 
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Access control a key to limiting human error in cybersecurity
Businesses can invest in top-notch cybersecurity, but human error -- made easier to exploit due to widespread use of the vulnerable Active Directory tool -- will render it useless. Ultimately, locking access to company data at various points will make it more difficult for hackers to act as impersonators and access sensitive digital information.
Forbes (2/7) 
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Funding, IPOs and Acquisitions
When Entrepreneurs Fail
Maxta's inability to raise funding leads to shutdown
Software startup Maxta told its employees that it was shutting down after being unable to raise new funding, but it is keeping a support team in place for the moment. "The future is very unclear to us," said Yoram Novick, CEO of Maxta.
TechTarget (free registration) (2/5) 
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[U]nprepared founders can get trapped by the dynamics of a pre-emptive offer and forced into suboptimal outcomes.
Aaron Harris, writing at Y Combinator
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