Elon Musk unveils three-pronged strategy to fund his $43 billion Twitter purchase MovieUpdates

Sign up here to get an overview of MovieUpdates’s biggest and most important stories delivered to your inbox every day at 3 p.m. PT.

On this beautiful day of April 21, 2022, we celebrate a shiny new podcast from our crypto team: Chain Reaction. Q: Why is the podcast so loud? A: Because it is immutable.

This is the reason why we are not allowed to write the crypto puns on the site.

Come as you are, as you were, as I want you to be; it’s event season at MovieUpdates! Waymo boss Dmitri Dolgov is coming to Mobility and we’re also hosting a pitching competition. Make sure your applications are in! Our flagship event, MovieUpdates Disrupt, is coming back in October and you can get your tickets now!

May your day be as smooth as slightly aggressive lift jazz – Christine and hi

The MovieUpdates Top 3

  • It’s ‘Elon Musk Time’ All The Time Now: Captain’s Log, Day 421: The crew grows restless with nothing to do but chat about the latest news about what Elon Musk is planning for Twitter. Today, Alex reads a new SEC filing so you don’t have to. It outlines Musk’s proposal to buy all of the outstanding shares of the social media giant and where he is getting the money to do it. At the same time, we learn how much Musk has in his private property — at least how much he’s willing to part with it. In non-Twitter news, it seems Musk is not short on money making opportunities: Rebecca reports on The Boring Company raising $675 million for Loop projects, which is its project to build underground highways to reduce traffic congestion, predict that the Optimus robot Tesla is building will one day be worth more than the company’s entire self-driving business, and that Tesla is committed to mass-producing robotic axes. Wow!
  • You don’t have to commute to work. Swap home instead: Andreessen Horowitz led a round of funding for Kindred, a startup founded by some Opendoor alums who wanted to travel while working remotely but didn’t want everyone to use their home while they were away. What’s interesting about Kindred’s approach is that it’s a give-and-get policy, where members pay a $300 annual fee to let someone stay in their home while they’re in another home.
  • Now we know what William Hockey did: The co-founder of Plaid stepped down in 2019 and founded a bank, Column. Surprising for a fintech founder, where many have unbundled banking services over the years, and yet not surprising as many are now bundling them again. In Column’s case, Hockey says the bank’s direct connection to the Fed means “developers can use Column to build apps that, for example, request and send money to a bank account, or maintain FDIC-insured checking and savings accounts.” without having to go. through another entity to access federal deposit insurance.

Startups and VC

I’m an absolute sucker for VC firms with unusual investment theses, and Tofino Capital has a really rare example of that: the company just closed the first $10 million of a fund looking to invest in markets where investment dollars are under $5 a year. capita fall. Can’t say I’ve heard anyone approach it that way, and it certainly draws attention – very cool, and I hope they make an outrageous return. Of course, that will probably wake up other VC stores and increase the investment beyond that dollar amount, but that’s half of what makes this interesting!

Carta is the go-to ownership management platform for startups, simplifying and making the sometimes complex ownership structures of startups transparent. Pretty curious to see how Liquifi will develop – it aims to do the same for web3 and companies issuing blockchain tokens.

Let’s take a look at some primetime news grime – today, in rhyme!

  • Try to tame the shameSexual health, mental wellbeing, weight management and fertility are all taboo topics for some — and Singapore-based Ordinary Folk adds a layer of telehealth to shed the taboos. It also raised $5 million to go harder, better, faster, stronger.
  • Causing an Injury to the Mystery of Credit History: Rich in money but poor in credit history, immigrants often shrug their shoulders in their adoptive country. Fintech Pillar raises $17 million to fix that.
  • This drone picks a bone when a stranger enters the wrong zone: By sacrificing its own rotors and netting its enemies, this super cool kamikaze drone takes down other drones.
  • A clever detective found the truth about a problem with Bluetooth: It turns out that Cue Health’s COVID-19 tester has a security flaw that makes it possible to turn a negative result into a positive, or vice versa. Mind you, it’s kinda hard to see what the big deal is; it’s easy enough to cheat pretty much all home tests from positive to negative with a crazy no-code hack: don’t stick the swab in your schnoz.
  • A mighty beautiful headline wins a sanctuary in this newsletter from me: Sometimes all it takes to get a job position in the Daily Crunch is to make me laugh — and Lauren earned a spot in the headline for her story about Netflix subscriber numbers.

How to pitch me: 6 investors discuss what they’re looking for in April 2022

A single goldfish jumping from a crowded bowl into an empty bowl.

Image Credits: David Arky (Opens in a new window) / Getty Images

The VC market is slowing down.

Teams that successfully close a funding round will get a shorter runway than they planned. And partnering with an investor who understands the business well enough to add value is more important than it was a year ago.

A founder’s pitch is the first step on that journey, so we’re conducting a series of interviews with active investors to learn more about what they’re looking for and how they prefer to be approached:

  • Christine Tsai, CEO and Co-Founder, 500 Global
  • Marjorie Radlo-Zandi, Angel, Launchpad Venture Group, Branch Venture Group
  • Clelia Warburg Peters, managing partner, Era Ventures
  • Anarghya Vardhana, partner, Maveron LLC
  • Frederic Huynen, partner, and Wijnand Bekker, associate, HPE Growth

(MovieUpdates+ is our membership program that helps founders and startup teams move forward. You can sign up here.)

Big Tech Inc.

  • Amazon breaks the serverless offer: One of the product launches underway at the AWS Summit is expanding Amazon’s serverless offerings, including the ability to scale up or down faster. This means customers don’t have to worry about managing data capacity or the high costs associated with it. † When was the last time you saved 90% on something?
  • HBO’s streaming service gives us good news: Sorry Netflix, HBO Max, and HBO saw subscriber growth in the first quarter. While it’s not mentioned, I think it was the LA Lakers show that helped. Meanwhile, CNN was not having a good day.
  • Russia Sanctions Vice President Kamala Harris, Mark Zuckerberg, Others: I liked it IngridThe intro to this story, “From the Tit for Tat Department,” Harris, Zuckerberg and a list of other high-profile American figures are now banned from entering Russia, it seems. Such a shame, we heard it was lovely there in the spring.

Show Love ❤️