- TWiST Ticker
- Posts
- Threads hits 30M signups in 24 hours, Crypto funding drops again, US VC funding down 50% y/y
Threads hits 30M signups in 24 hours, Crypto funding drops again, US VC funding down 50% y/y
Meta CEO Mark Zuckerberg announced Threads surpassed 30M signups within 24 hours of launching - Link
PitchBook Data: Global crypto funding was $2.34B in Q2 2023, representing a fifth straight quarterly decline, with valuations down ~70% y/y in H1 2023 - Link
PitchBook Data: US VCs invested ~$39.8B (-50% y/y) in ~3000 deals (-33% y/y) in Q2 - Link
Cloud-hosting platform DigitalOcean announced its acquisition of Paperspace, a NY-based startup that helps customers test, develop and deploy AI apps, for $111M in cash - Link
Crowdbotics. Great ideas can change the world, and Crowdbotics is the fastest way to turn those ideas into code. Get a free scoping session for your next big app idea at crowdbotics.com/twist.
Sol Reader CEO Ben Chelf joins Jason to discuss Sol Reader’s design (1:24), how wearable e-readers create more focus (28:06), how devices reshape the human brain (24:37), and much more! - Link
Clair, a NY-based startup that helps shift workers get paid instantly, raised a $25M round led by Thrive Capital and $150M in debt from Pathward, a partner bank - Link
Sensor Tower data: ChatGPT iOS downloads were down 38% m/m in June - Link
CADDi, a Tokyo-based startup building a B2B marketplace for manufacturing companies, raised an $89M Series C - Link
Bloomberg sources: After its Hollywood studios division spent ~$7B last year to mixed results, Amazon CEO Andy Jassy asked his studio execs for a detailed budget breakdown of some of their most expensive shows - Link
This Week in Startups
Embroker - Get an extra 10% off with code TWIST
Notion - Try Notion Projects for free today
LinkedIn Marketing - Get a $100 ad credit