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Remote cardiac monitoring startup Vector Remote Care raises $12.5M

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Vector Remote Care, a digital health startup for care teams to remotely monitor patients with implanted cardiac devices, closed a $12.5 million Series A funding round led by Updata Partners.

Based in Bend, Ore., Vector Remote Care will use the funds to double its headcount with a focus on product and engineering. The startup’s services have seen increased demand during the COVID-19 pandemic amid a larger adoption of telemedicine.

The company’s solution includes a remote data management tool, software for device reporting, medical billing, and more. Kevin Hoffman founded Vector Remote Care in 2017 and is CEO. The startup’s focus drew on his family’s personal experience with cardiac arrest and his mother’s defibrillator malfunctioning.

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Source: https://www.geekwire.com/2021/remote-cardiac-monitoring-startup-vector-remote-care-raises-12-5m/

Start Ups

Amazon India introduces miniTV, a free video streaming service

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Ecommerce giant Amazon India, on Saturday, announced the launch of the free video streaming service miniTV which is available in the Amazon shopping app. Currently, the app is available for Android users and soon will be available for iOS and web users in the next few months, the company said.

Amazon has already made its place in a video streaming segment through its Prime Video platform. The new free video streaming service ‘miniTV’ will feature popular web series, comedy shows, technology news, food, beauty, fashion, and more.

The new streaming service includes content from various mediums like TVF, Pocket Aces, and some leading comedians, including Ashish Chanchlani, Amit Bhadana, Round2Hell, Harsh Beniwal, Prajakta Koli, Swagger Sharma, Aakash Gupta, and Nishant Tanwar.

Apart from this, miniTV is also featuring content in various categories. The company has also collaborated with other content creators, including Kabita’s Kitchen, Cook with Nisha, Gobble, Trakin Tech, Sejal Kumar, Malvika Sitlani, Jovita George, Prerna Chhabra, and ShivShakti. To increase the user base of miniTV, It will continue to add more exciting and exclusive content in the coming months, the company said.

What’s the difference between Prime Video and miniTV?

Prime Video is a separate service that can only be used with the Prime membership.

“miniTV is completely free and will not require a separate app. While Prime Video requires a Prime subscription and has a collection of amazing Amazon-Originals and various latest movies in English and several Indian languages,” the company said in a statement.

“With the launch of miniTV, Amazon.in shopping app is now a single destination for customers to shop from millions of products, make payments and watch free entertainment videos,” the company added.

Now the competition is getting closer as Amazon’s rival Flipkart had already launched its free video streaming service named “Flipkart Videos” in 2019.

Taking competition aside, Both these platforms have to take care about what they portray as indicated by an incident in late March when Amazon issued an apology to users in the South Asian nation for a political drama series over allegations that a few scenes in miniseries had hurt religious sentiments of a group.

According to the GlobalNewsWire report, The global video streaming software market size is expected to grow from $6.1billion in 2020 to $15 billion by 2025, at a Compound Annual Growth Rate (CAGR) of 19.7%.

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Source: https://indianstartupnews.com/news/amazon-india-introduces-minitv-a-free-video-streaming-service/

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Start Ups

Whatapp’s Controversial Privacy Policy kick starts from Today – Top Tech News

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Here are top trending news from the world of technology

1

Whatapp’s  controversial privacy policy kick starts from Today

Whatapp’s much criticized privacy will finally kick-start from today across India and other markets. Although Facebook owned company has maintained that it won’t delete accounts of those users who won’t accept the latest privacy policy of users, the users might have to compromise on some basic features. Critics say that this is as good as losing the account since the pop up reminder reminding about accepting the latest ‘privacy policy’ will permanently keep appearing on screen until it is accepted.

2

Stripe acquires Oakland based fraud detection startup Bouncer

Payment giant Stripe on Friday announced that it has acquired fraud detection startup Bouncer for undisclosed amount. Based in Oakland and started in 2018, Bouncer helps in detecting fraud in card based online transactions. Earlier this year, Stripe was crowned as the world’s most valued startup, after raising whopping $600 Mn from investors.

3

Goldman Sach Banker resigns after making millions in Crypto investment

Aziz McMohan will probably never to work for any employer, not at least for his former employer Goldman Sach. McMohan, which until few days back worked as a executive of Goldman Sach, has reportedly made millions via his investment in Ether and Dogecoin.  McMohan’s story has already created ripples in the U.K press, with many claiming that his crypto investment has helped him fetch whopping $14 Mn euros.

4

Some Tesla Investors are happy with Elon Musk’s U turn on Bitcoin  

Elon Musk’s short-lived bonhomie with Bitcoin earlier this week, with Telsa’s founder officially announced that his electric vehicle company will no longer Bitcoin as token of payment. The talismanic entrepreneur cited ‘environmental concerns’ for his decision as it is well-known that mining crypto does take toll on the environment. However, Musk’s sudden decision on Bitcoin seems to have made quite an impression on Tesla’s investor. According to Reuters, many Tesla investors have given a thumbs up to Musk withdrawing unconditional support to crypto.

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Source: https://www.techpluto.com/whatapps-controversial-privacy-policy-kick-starts-from-today-top-tech-news/

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Opportunity knocks: Exhibit at TC Sessions: Mobility 2021

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No matter what slice of the mobility market you’ve claimed as your own — AVs, EVs, data mining, AI, dockless scooters, robotics or the batteries that will charge and change the world — you won’t find a better place to showcase your extraordinary tech and talent than TC Sessions: Mobility 2021.

Buy a Startup Exhibitor Package and virtually plant your early-stage mobility startup in front of a global audience that’s focused exclusively on one of the most complex, rapidly evolving industries. TC Sessions: Mobility, which takes place on June 9, features the top minds and makers, draws thousands of attendees, fosters collaborative community and creates a networking environment ripe with opportunities.

Pro tip: This package is for pre-Series A, early-stage startups only.

The Startup Exhibitor Package costs $380, and it comes with four all-access passes to the event. But wait (insert infomercial voice here), there’s more!

Your virtual expo booth features lead-generation capabilities. You can highlight your pitch deck, run a video loop and/or host live demos. Network with CrunchMatch, our AI-powered platform, to find and connect with the people who can help move your business forward. CrunchMatch lets you host private video meetings — pitch investors, recruit new talent or grow your customer base.

You’ll have access to all the presentations, panel discussions and breakout sessions, too. And video-on-demand means you won’t miss out.

Here’s a peek at just some of the agenda’s great programming you and, thanks to those extra passes, your team can attend — or catch later with VOD:

  • EV Founders in Focus: We sit down with the founders poised to take advantage of the rise in electric vehicle sales. This time, we will chat with Kameale Terry, co-founder and CEO of ChargerHelp! a startup that enables on-demand repair of electric vehicle charging stations.
  • Will Venture Capital Drive the Future of Mobility? Clara Brenner, Quin Garcia and Rachel Holt will discuss how the pandemic changed their investment strategies, the hottest sectors within the mobility industry, the rise of SPACs as a financial instrument and where they plan to put their capital in 2021 and beyond.
  • Driving Innovation at General Motors: GM is in the midst of sweeping changes that will eventually turn it into an EV-only producer of cars, trucks and SUVs. But the auto giant’s push to electrify passenger vehicles is just one of many efforts to be a leader in innovation and the future of transportation. We’ll talk with Pam Fletcher, vice president of innovation at GM, one of the key people behind the 113-year-old automaker’s push to become a nimble, tech-centric company.

TC Sessions: Mobility 2021 takes place June 9. Buy a Startup Exhibitor Package and set yourself up for global exposure and networking success. Show us your extraordinary tech and talent!

Is your company interested in sponsoring or exhibiting at TC Sessions: Mobility 2021? Contact our sponsorship sales team by filling out this form.

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Source: https://techcrunch.com/2021/05/14/opportunity-knocks-exhibit-at-tc-sessions-mobility-2021/

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Start Ups

Every early-stage startup must identify and evaluate a strategic advantage

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Whether you’re building a company or thinking about investing, it’s important to understand your strategic advantage. In order to determine one, you should ask fundamental questions like: What’s the long-term, sustainable reason that the company will stay in business?

The most important elements for founders to consider when figuring out their strategic advantage(s) include one-sided or “direct” network effects (e.g., with social media sites like Facebook), marketplace network effects (e.g., with two-sided marketplaces like Uber), data moats, first mover and switching costs.

Let’s take a quick look at an example of one-sided network effects. At the very earliest stages of Facebook’s existence, it was just Mark Zuckerberg, a few friends and their basic profiles. The nascent social media platform wasn’t useful beyond a few dorm rooms. They needed a strategic advantage or the company would not make it beyond the edge of campus.

A successful startup without a strategic advantage is just a validated business model vulnerable to copycat companies looking for a market entry point.

In fact, Facebook only truly became a useful platform — and accelerated as a business — when more users came into the fold and more types of email addresses were accepted. Add to that the introduction of an ad marketplace revenue model and you have a clear strategic advantage — based on one-sided network effects — that gave Facebook a strategic edge over other early social media sites like MySpace.

These one-sided network effects are different from two-sided network effects.

A strategic advantage is paramount to maintaining market share

Image Credits: Canvas Ventures

Two-sided network effects are most common in marketplace business models. In a two-sided network, supply and demand are matched, like Uber riders (demand) being matched with Uber drivers (supply). The Uber product is not necessarily more valuable just because more users (riders) join, the way Facebook is more valuable when more users join.

In fact, when more users (riders) join the demand side of the Uber network, it might actually be worse for the user experience — it’s harder to find a driver and wait times get longer. The demand side (riders) gets value from more supply (drivers) joining the platform and vice-versa. That’s why it’s called a two-sided network, or a marketplace.

Regardless of industry, a successful startup without a strategic advantage is just a validated business model vulnerable to copycat companies looking for a market entry point. Copycats can range in size from startups with similar grit to large companies like Facebook or Google that have limitless resources to drive competition into the market, and potentially run the startup with the original idea out of business. This vulnerability can prove fatal unless a startup’s founding team explores and embraces one or more strategic advantages.

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Source: https://techcrunch.com/2021/05/14/every-early-stage-startup-must-identify-and-evaluate-a-strategic-advantage/

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