Hi, Agen. We don’t mean to bug ya, but have you considered eating more insects? That’s what many startup investors are hoping you’ll be doing, anyway. In fact, Crunchbase data shows that more than $1.3 billion in venture capital has gone to startups working on insect cultivation aimed at getting livestock, pets — even people — to consume more bug products. At least 31 funded startups working on insect cultivation have collectively raised more than a billion dollars from venture investors betting they can win some consumers and businesses over to this uh, niche, category of alternative protein. Related Crunchbase Pro list: Insect Cultivation-Related Funded Companies Startup life can be a thrilling journey with huge potential for big rewards, but it’s equally fraught with risks. While you might be tempted to ride by the seat of your pants, consider taking a more quantitative approach to evaluating your company’s health, says startup adviser Itay Sagie. He highlights four metrics that can reveal red flags in your business. Let’s look at batteries. It seems battery startups lately are powering up with giant funding rounds at an unusually rapid pace. In roughly the past month alone, we’ve seen three financings of more than $1 billion, including to the battery recycling startup founded by Tesla’s former CTO. Why are investors suddenly so fired up about batteries? Related Crunchbase Pro list: Battery-Related Venture Funding Can ChatGPT or another AI tool dream up the next billion-dollar business idea? Business strategist Dan Kraemer, who’s worked with brands such as Nike and FedEx to help them create new products from scratch, says he thinks AI can — and will — invent the next Airbnb. Here’s how. |
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