Monthly Archives: December 2022

Which way is up? The end of free money and the importance of keeping cash on hand

Max Schireson Contributor Share on Twitter Max Schireson is an operating partner at investment firm Battery Ventures. He was previously the CEO of database company MongoDB. More posts by this contributor For better or for worse: Managing founder-CEO tension inside a startup Tracking the explosive growth of open-source software It’s always hard to run a startup, but…

Facebook to now test age verification tech on Facebook Dating in the U.S.

Meta is bringing its age verification technologies to another of its products, Facebook Dating. Though the service has not taken off as a significant Tinder rival, it will now serve as the testing grounds for further experimentation with new age verification technologies, including video selfies and ID uploads, Facebook announced this morning. The company will…

The Callisto Protocol performance on Xbox Series X is a little scary right now

Following its release, The Callisto Protocol’s performance was one of the leading causes of its mixed reviews from players and critics, with most of its reviews on Steam highlighting the performance issues faced from day one.  While we’ve been impressed by what we have seen in the game’s journey to release, according to some sources,…

Larry Summers says the Fed will need to raise interest rates by more than the market expects as its ‘got a long way to go’ to bring down inflation

Former United States Treasury Secretary Lawrence Summers in Venice, Italy, in July 2021. AP Photo/Luca Bruno The Federal Reserve will need to raise interest rates by more than markets expect, Larry Summers told Bloomberg.  Wage growth and labor market demand are still too hot for the Fed’s liking following big rate hikes.  Summers said expectations…

An activewear startup backed by Michael Jordan’s son hit its first fundraising goal. Here’s how Äktiiv plans to take on Lululemon and Nike.

Äktiiv, which makes plant-based performance apparel, launches Tuesday. Courtesy Äktiiv Äktiiv recently hit a fundraising goal after launching its first products on Kickstarter. The company’s management includes a 15-year Nike veteran and Jeffrey Jordan, Michael Jordan’s son. Äktiiv products are biodegradable and made from plants.  Two Nike veterans, including the basketball legend Michael Jordan’s son…

Stripe hopes to facilitate web3 purchases with crypto payments onramp

The news: Stripe introduced a fiat-to-crypto payment solution that makes it easier for consumers to purchase cryptocurrencies without having to go through a crypto exchange, per a press release. Web3 sites—like nonfungible token (NFT) platforms and decentralized exchanges—can embed Stripe’s fiat-to-crypto widget into their tech stack to facilitate purchases. The service will be available to US customers…