5 Key Stories From The Digital Worlds
BY NABYL CHARANIA
- Latin America’s exceptional growth in VC funding over the past 12 months speaks to the growing number of later-stage rounds startups are raising across the region.
- Exits to Latin American and U.S. corporates…These deals reveal a growing concern from large companies in Latin America about competition from startups.
- Copycats — or startups that copy a successful business model from another market — are a good business in Latin America.
- Prime Factor Capital was the first crypto hedge fund approved as a full-scope alternative investment fund manager by the Financial Conduct Authority.
- Firm will be allowed to hold more than 100 million euros in assets under management….first agency to be approved to invest exclusively in the cryptocurrency asset class.
- Firm manages funds for professional and institutional investors including high net worth individuals, family offices, and private wealth managers.
- Allows Waymo to carry passengers in autonomous vehicles on California highways, though the Google spinoff cannot charge them for rides, and the vehicles must have a safety driver behind the wheel.
- Navigant Research, ranked Waymo first among companies developing self-driving technology in strategy and execution.
- Its safety drivers had to manually take over their test cars, because of safety concerns, about once every 11,000 miles in 2018 — the best rate of any company testing autonomous vehicles on public roads in California.
- Beyond Meat has been one of the hottest stocks in the world, topping out at a sizzling $200 a share and even now still in the stratosphere at $150.
- Burger King recently hopped aboard, launching its meatless “Impossible Whopper” in partnership with Impossible Foods…In St. Louis, participating restaurants outpaced BK’s national foot traffic average by an impressive 18.5%.
- Companies like Beyond Meat and Impossible Foods are capitalizing on rapidly changing sentiments about food.
- Little more than a magnet and coil with some structural parts, but it can “walk” back and forth or make the gears of a more complicated machine move back and forth.
- Its real potential lies in what could happen were it to be assembled with others of its ilk, and with other building-block robotics components made up of simple parts.
- Working with MIT graduate student Will Langford on a machine that combines 3D printing with automated circuit builds, but that can handle much more sophisticated creation of fully functional robots using only digital blueprints as input.