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1. How Trump’s authorities shutdown is harming cyber and nationwide safety
The federal government has been shut down for almost three weeks, and there’s no finish in sight. Whereas a lot of the core authorities departments — State, Treasury, Justice and Protection — are nonetheless operational, others like Homeland Safety, which takes the majority of the federal government’s cybersecurity duties, are struggling essentially the most.
2. With SEC employees offline, the federal government shutdown might screw IPO-ready firms
The SEC has been shut down since December 27 and solely has 285 of its four,436 staff on the clock for emergency conditions. Whereas tech’s most buzz-worthy unicorns like Uber and Lyft gained’t endure an excessive amount of from the shutdown, smaller companies, notably these in want of an infusion of capital to proceed working, will bear the brunt of any IPO delays.
three. The state of seed
In 2018, seed exercise as a share of all offers shrank from 31 p.c to 25 p.c — a decade low — whereas the share and measurement of late-stage offers swelled to document highs.
four. Banking startup N26 raises $300 million at $2.7 billion valuation
N26 is constructing a retail financial institution from scratch. The corporate prides itself on the velocity and ease of organising an account and managing belongings. Previously 12 months, N26’s valuation has exploded as its person base has tripled, with almost a 3rd of consumers paying for a premium account.
5. E-scooter startup Fowl is elevating one other $300M
Fowl is reportedly nearing a deal to increase its Collection C spherical with a $300 million infusion led by Constancy. The funding, nonetheless, comes at a time when scooter firms are dropping steam and struggling to show that its product is the clear answer to last-mile transportation.
6. AWS provides open supply the center finger
It’s no secret that AWS has lengthy been accused of taking the perfect open-source initiatives and re-using and re-branding them with out at all times giving again to these communities.
7. The Galaxy S10 is approaching February 20
Seems to be like Samsung is giving Cellular World Congress the chilly shoulder and has determined to announce its newest flagship cellphone every week earlier in San Francisco.