Global startups raised $76 billion in the first quarter—a figure that includes $10 billion raised by OpenAI and $6.5 billion raised by Stripe—a steep decline from the same period last year when companies collected $162 billion, according to new data from Crunchbase. There was a slowdown in funding across all stages. Capital invested in seed deals fell 44%, while late-stage funding dropped 54%....
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Streaming Services Should Beware Becoming Like Cable Companies
About a month ago, I finally reached my breaking point with YouTube TV, the streaming service I had subscribed to years earlier as a replacement for cable TV. I didn’t think twice about paying $40 a month for it in 2018, but after years of price increases—YouTube TV now costs $73 a month—I realized my family wasn’t watching it nearly enough to justify the money. So I ditched it. More...
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