FDA approves Fitbit algorithm that passively scans for signs of AFib MovieUpdates

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Welcome to the Daily Crunch for Monday, April 11, 2022! Today was the day Elon Musk surprised us by saying he wasn’t a member of the Twitter board, although at this point I think it’s more of a “shame on me” because we need to stop being surprised by everything he does. AlexFortunately, we took a good look at whether we learned anything. Spoiler alert: “Yeah?”

Completely separate in every way, Drew made a guest appearance over the weekend, pondering whether social media is collectively causing (re)trauma.

Take a deep breath, get out there, you get this, we believe in you! Lots of love, Christine and hi

PS In case you were out breathing this weekend, here are some things you may have missed:

The MovieUpdates Top 3

  • Fitbit pulls our heartsGoogle has confirmed that its Fitbit wearables are now FDA-approved to detect atrial fibrillation, commonly known as an irregular heartbeat, which can lead to stroke or heart failure. What will be different, we report, is that “the new technology offers a more always available approach to AFib detection, compared to the periodic checks currently available through the Fitbit app.”
  • How much does the air conditioner in the window cost?: AC units are a pain in everyone’s collective butts, and the Windmill team aims to ease the experience by adding ease of installation and long-lasting appiness to the mix. The company just raised $10 million to expand beyond the thousands of units it has sold to date. Very cool.
  • Within the SailPoint buyout: You’ll also see this in Big Tech, but I wanted to highlight Alex Wilhelm’s skinning of the onion layers in Thoma Bravo’s purchase of enterprise security products company SailPoint. Does the buyout bode well for unicorn exit prices?

Startups and VC

I spoke to the team at Mayht earlier this year, at CES, and I knew the speaker technology starter was going to go everywhere — I just didn’t realize how fast. Less than three months later, smart speaker giant Sonos announced it had bought the small but mighty startup. In January I did an in-depth interview with the founding team, which is especially interesting in the context of this acquisition. Check them both out!

Feast your eyes on these beautiful stories:

The Kindbody TC-1

Illustration of Kindbody TC-1 at MovieUpdates

Image Credits: Nigel Sussman

Founded in 2018, Kindbody has raised $154.7 million to build a network of clinics that provide fertility, gynecology and wellness services.

In a three-part series, reporter Rae Witte explored the company’s origins through interviews with founder Gina Bartasi, who explained why she felt compelled to switch from fertility insurance to improving the quality of patient care:

“There were just too many complaints from patients that you couldn’t help as a call center at an insurance company. So patients called and they complained that the doctor left them in the waiting room, didn’t call back, or took a long time to answer the phone. But you cannot effect change; you really couldn’t do anything.”

Part 1: How Compassion and Inclusion Help Kindbody Change the Fertility Industry

Part 2: Why Focusing on Holistic Care Helped Kindbody Triple Its Revenue in 2021

Part 3: Kicking the Problems of Reproductive Health Care, One Patient at a Time

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

Big Tech Inc.

  • Etsy sellers are going on strike: As of today, more than 14,000 Etsy sellers planned to go on strike in protest of the platform raising transaction fees from 5% to 6.5%, which could mean for some sellers that they are taking more than 20% of the transaction. give Etsy. The organizers collected more than 48,000 signatures from both buyers and sellers asking Etsy to “work with sellers, not against us.”
  • Lots of M&A activity today: As promised above, Ron Miller was busy writing this morning as three companies announced deals: Perforce Software said it will buy infrastructure automation company Puppet, which we reported was seeking financing when the acquisition opportunity presented itself. Subsequently, Thoma Bravo’s $6.9 billion acquisition of SailPoint will sell the company. Cybersecurity is a hot market right now and this will be Thoma Bravo’s sixth acquisition in this area. And finally, if you didn’t believe us when we said the cyber industry was hot, Kaseya’s $6.2 billion acquisition of disaster recovery company Datto might make you a believer.
  • Lots of streaming news today too: If you like the Netflix show ‘Stranger Things’, a new experience is coming to New York in May. Speaking of Netflix, just one “thumbs up” isn’t going to cut it anymore, so use the “two thumbs up” to say which shows you love versus just love. For all the YouTube fans waiting for your picture-in-picture, the company wants you to know it’ll be “a matter of days.”

Show Love ❤️