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Taylor Price got her inspiration from Ikigai Philosophy

Taylor Price got her inspiration from Ikigai Philosophy

Taylor Price got her inspiration from Ikigai Philosophy, makes $33,000 per Month

A 20-year-old TikToker earning $33,000 a month explains how she got her start as a money influencer. She got her inspiration from Ikigai Philosophy. Taylor Price makes her money actively sharing financial knowledge, teaching it to Gen Z after learning about personal finance, and then began implementing it. “Taylor Price got inspiration from Ikigai“, what pillars make up the Ikigai of life?.

Taylor Price inspiration from “Ikigai Philosophy, thought her about the four pillars of a fulfilling life:

  1. Do what you’re actually good at;
  2. Do what you can get paid for;
  3. Do what the community actually needs today; and
  4. Do what you actually love.

She shares financial knowledge lessons and information on her TikTok account.

As her follower base grew, she was ready to leverage sponsorships and partnerships with other companies. She also consults for brands on values that are important to Gen Z. She does all of this through her personal brand, Taylor Price LLC, which now generates about $13,000 a month, consistent with financial documents from the primary quarter of 2021, with another $200,000 in contracts secured for the rest of the year, consistent with records viewed by Insider.

She makes extra cash doing side jobs on Fiverr. Price generates about $1,000 a month writing content, blogs, and sales copy.

Read the original article on Business Insider

Tags : #money #inspiration #motivation #success #entrepreneur #entrepreneurship #startup #leadership #community #love

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Goldman Sachs will Offer Ether Crypto-Trading

Goldman Sachs will Offer Ether Crypto-Trading
Goldman Sachs will Offer Ether Crypto-Trading

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By Isabelle Lee

Goldman Sachs will offer ether options and futures to its clients because the investment bank expands its cryptocurrency trading business, Bloomberg first reported.

“We’ve actually seen tons of interest from clients who are wanting to trade as they find these levels as a rather more palatable entry point,” Mathew McDermott, head of digital assets at Goldman, told Bloomberg.

He continued: “We see it as a cleansing exercise to scale back a number of the leverage and therefore the excess within the system, especially from a retail perspective.”

The New York-based bank is expanding from its bitcoin offering after restarting its cryptocurrency trading desk to trade bitcoin futures earlier this year amid a boom within the popular coin. Goldman first found out a cryptocurrency desk in 2018.

 

The 47-year-old McDermott also told Bloomberg that Goldman has plans to facilitate trades via exchange-traded notes tracking bitcoin.

Cryptocurrencies, led by bitcoin, have staged a modest rebound on Monday following its massive crash in May when it lost almost half its market price in one week alone.

Yet a recent finding from crypto-asset broker Voyager revealed that 81% of respondents during a recent survey are more confident within the way forward for cryptocurrency following last month’s sell-off.

“Institutional adoption will continue,” McDermott said. “Despite the fabric price correction, we still see a big amount of interest during this space.”

In March, that bank’s COO and president John Waldron said he has seen a rise in interest from his clients when it involves investing in bitcoin.

“Client demand is rising,” Waldron said during a Wolfe Virtual FinTech Forum. “The pandemic has been a big accelerant. there’s no doubt in our mind there’ll be more digital commerce … and (use of) digital money.”

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Egypt’s Minly raises $3.6M to connect celebrities and fans through personalized experiences

In the past couple of years, we’ve seen a growing trend of creators adopting digital and social media, not just as a supplement to their media presence but also as a cornerstone of their personal brand.

The pandemic has surely accelerated creator economy trends. Many popular artists and figures have had to postpone concerts and live events, subsequently using social media to carry out these activities and engage their fans. Proliferating through Western and far East markets, the creator economy bug, which has made platforms like Cameo and Patreon unicorns, is beginning to take center stage in MENA.

Today, Minly, an Egypt-based creator economy platform, is announcing that it has closed a $3.6 million seed round to allow stars across the MENA region to create authentic, personalized connections with their fans.

The round, which Minly says was oversubscribed, was co-led by 4DX Ventures, B&Y Venture Partners and Global Ventures. It also included participation from unnamed regional funds and angel investors like Scooter Braun, founder of SB Projects, and Jason Finger, co-founder of Seamless and GrubHub. 

Experts say time spent viewing social media surpassed time spent viewing TV within the MENA region. But one shortcoming with social media is that its content often feels mass-produced. When creators make posts, it’s most times void of personalization. In a way, this dilutes the fan experience and limits the extent and number of ways the creator can monetize.

This is where Minly, founded last year by Mohamed El-Shinnawy, Tarek Hosny, Tarek ElGanainy, Ahmed Abbas, and Bassel El-Toukhy, comes in. It provides tools for creators to craft what it calls ‘authentic connections’ with their superfans and audience at scale. “In short, our goal is to eventually deliver tens of millions of unique, unforgettable experiences to fans each year,” El-Shinnawy told TechCrunch.

Shinnawy, who brings more than 15 years of media and technology experience to the table, is the chief technology officer at Minly. He sold his first company, Emerge Technology, to a U.S.-based media company. He has also delivered work for Hollywood’s top studios, such as Sony Pictures, Universal, Disney, Fox and Warner Brothers, while playing a role in the global expansion of Apple TV+, Disney+, and Netflix to the MENA region.

Minly

Mohamed El-Shinnawy (co-founder and CTO, Minly)

Minly has experienced rapid growth since launching late last year. It has more than 50,000 users and an impressive list of popular regional celebrities ranging from actors and athletes like Fifi Abdou and Mahmoud Trezeguet to musicians and internet influencers like Assala Nasri and Tamer Hosny.

On the platform, users can buy personalized video messages and shoutouts from these celebrities, and they, in turn, connect with their fans on a more personal level.

We think that we have already differentiated ourselves from other creator economy platforms in the region. We do this by offering the best catalogue of stars and user experience. And our entire team is working hard to grow this gap even further,” said El-Shinnawy on the crop of celebrities Minly has onboarded to the platform

Some of the instances where celebrities connected with their fans on Minly include when actress and dancer Fifi Abdou sent a personal message to one of her biggest fans who has Down syndrome and when Egyptian singer Tamer Hosny made a surprise appearance at two fans’ engagement party in March.

Minly takes a small commission on transactions made through its platform. However, the majority of the transaction price, a figure Minly didn’t disclose, goes directly to creators. And at the same time, Minly urges celebrities to automatically donate a portion of their earnings to partner charities on the platform.

Minly’s knack for creating a personalized experience is why Pan-African VC firm 4DX Ventures invested. The firm’s co-founder and general partner Peter Orth, who will be joining Minly’s board, said the company is fundamentally changing the relationship between celebrities and fans in the MENA region. “The team has both the ambition and the expertise to build a full-stack digital interaction platform that could change the way digital content is created and consumed in the region,” he added. 

The creator economy market surpassed $100 billion in value this year and is still growing at an impressive rate. The pace of content creation will only speed up since surveys suggest that being a YouTuber or TikTokker or the most common term, vlogger, is one the most desirable careers among Gen Zs. VC heavyweights like Andreessen Horowitz, Kleiner Partners, and Tiger Global have also heralded this growth considerably, contributing to the more than $2 billion invested in creator economy platforms this year.

In MENA, there’s a huge opportunity for Minly. The region has over 450 million people, of which 30% are between the ages of 18 to 30. This demographic is known to have a deep connection with social media, and El-Shinnawy believes MENA will soon contribute to a large part of the total creator economy.

For Minly, the goal is to capture a huge portion of that spend and become a multibillion-dollar, category-leading company. The creator platform has a case to do so. As it stands, the opportunity to build a creator economy one-stop-shop in MENA is huge compared to other regions that already have multiple entrenched incumbents. Also, Minly is one of the few platforms in the region with meaningful venture funding.

“The creator economy is in its infancy and growing at lightning speed. We have the opportunity to build this category’s first unicorn in MENA,” the CTO remarked.

With this investment, Minly is doubling down on building local celebrity acquisition teams in Egypt and other parts across MENA and the GCC, where it has seen significant traction. The company will also scale its engineering team to churn out more products to build a horizontal creator platform.

 

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This Week in Apps: Android apps on Windows 11, App Store Search Ads hit China, Apple argues against sideloading

Welcome back to This Week in Apps, the weekly TechCrunch series that recaps the latest in mobile OS news, mobile applications and the overall app economy.

The app industry continues to grow, with a record 218 billion downloads and $143 billion in global consumer spend in 2020. Consumers last year also spent 3.5 trillion minutes using apps on Android devices alone. And in the U.S., app usage surged ahead of the time spent watching live TV. Currently, the average American watches 3.7 hours of live TV per day, but now spends four hours per day on their mobile devices.

Apps aren’t just a way to pass idle hours — they’re also a big business. In 2019, mobile-first companies had a combined $544 billion valuation, 6.5x higher than those without a mobile focus. In 2020, investors poured $73 billion in capital into mobile companies — a figure that’s up 27% year-over-year.

This week, there’s big news with the expansion of Android apps to Windows. Apple also came out swinging against sideloading and expanded its profitable Search Ads business to China…with more than a few caveats. Meanwhile, TikTok launched its own take on mini-apps after tests, making its videos more interactive.

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Top Stories

Microsoft brings Android apps to Windows 11

Image Credits: Microsoft

Microsoft surprised industry observers this week at its Windows 11 event with news that it will make Android apps available on the next version of its operating system. The apps will run natively on Windows 11 and can be downloaded from Amazon’s Appstore through the new Windows Store included in the updated OS. They’ll also be able to be integrated into the Start menu and pinned to the taskbar, and can tile or “window” as part of the OS’s new application placement user interface.

The Amazon partnership will bring increased attention to the Amazon Appstore, whose importance has somewhat fizzled over the years given the general lack of investment and its close ties to Amazon Fire devices, which are outsold by iPad. App developers today tend to focus initially on the App Store and Google Play, not Amazon’s Appstore. However, bringing some 3 million Android apps to Windows users opens up a huge new potential market for Android. But could it actually make coding for “iOS first” less of a given for certain types of applications — like those that complement the productivity environment enabled by a Windows PC, perhaps?

In the near-term, more consumers may begin to sideload the Amazon Appstore app on their Android devices for their paid app installs in order to gain access to the cross-platform support a Google Play version would not necessarily provide.

Microsoft noted during the event that it’s partnering with Intel to use its Intel Bridge technology to make this Appstore integration possible on x86 systems. However, the Intel-powered apps will also run on AMD and Arm processors, The Verge noted, though the technical details of how that will work were not immediately available.

Microsoft during the event demonstrated how the app integration would work by showing off TikTok running in a vertical format on the new Windows OS. This may not have been the best example, as TikTok has a fairly usable website for watching videos. Meanwhile, the image of the Amazon Appstore in the Windows Store showed other apps including those from Ring, Uber, Yahoo, Khan Academy, Kindle, Game of War: Fire Age, My Talking Tom Friends, and more, which indicates this is a comprehensive rollout.

Ahead of this news, Amazon announced it would soon lower its cut on app developer revenues from 30% to 20%, as part of a new program for small businesses. The program, which also includes promotional credits for AWS, could help boost developer support for the Appstore. Plus, on the larger Windows Store, non-game developers can keep 100% of their revenue if they use their own payment platforms for in-app purchases. Apps and games using Microsoft’s payment platform split revenue with the company at 85%/15% and 88%/12%, respectively. This sort of commission structure combined with the introduction of Android apps makes the Windows Store seem more developer-friendly than Apple’s App Store, which Microsoft likely hopes will keep it out of antitrust crosshairs.

Apple launches Search Ads in China

Apple this week brought its search advertising business to China five years after its U.S. debut. The system allows developers to bid on an advertising slot based on keywords users search for in the App Store. Though the move opens up a major new market for app developers, the system in China is fairly complex and comes with several caveats. Developers will need to upload documents, including business licenses and other files, that confirm their account has been approved before being able to run ads. Apple may then submit these documents to third-party databases and government entities for validation.

According to Apple’s guidelines, the industry-specific licenses required exclude most foreign businesses from directly advertising in mainland China. Instead, they’ll need to work with local partners who will run ads on their behalf.

The expansion for now only includes the Search Ads in the App Store and not the newly added Search Tab ads, where developers can bid on a slot directly on the Search tab in the App Store itself.

Weekly News

Platforms: Apple

Apple released iOS 15 beta 2 and iPadOS 15 beta 2 for app developers. New features include support for SharePlay, updated Memoji outfits, a new Maps icon, a welcome screen in the updated Weather app, access to launch Quick Note with a swipe from bottom-right on iPad, Shortcuts improvements, bug fixes for iCloud Private Relay, and more. WatchOS 8 beta 2 was also released.

The iOS 15 beta code also revealed Apple is working on a feature that will allow users to update to a beta release when restoring a device from backup instead of being told that you can’t use backups of newer iOS versions.

iOS and iPad apps will now be able to request privileged access to more RAM in iOS 15, exceeding normal system memory limits, 9to5Mac also discovered.

✨ Apple this week published a white paper (PDF) where it presents its argument against any legislation that would force the company to allow sideloading of apps on iOS or iPadOS devices outside its App Store. While there are consumer benefits to allowing for choice — like getting your hands on apps that don’t fit Apple’s rules, for example — Apple makes the case that sideloading could compromise user privacy and security in a number of ways, including potentially opening up users to being scammed and making it more difficult for parents to lock down kids’ iPhones, among other things. Pirated apps could also eat into legitimate developer revenue, not to mention Apple’s own. Apple’s Director of User Privacy Erik Neuenschwander went into further detail with Fast Company about Apple’s position, noting attackers could even trick users into thinking they were downloading from the App Store when they were not.

Platforms: Google

Google’s Android Essentials is now generally available through additional partners in the U.S., the U.K, Japan, France and Germany, with more countries coming soon after a more limited testing period. Essentials makes it easier for companies to manage and secure Android devices in the workplace by enabling features like remote wiping of lost or stolen devices, enforcing a screen lock, and preventing sideloading of applications.

Google opened its Play Media Experience Program globally. The program allows developers to invest in scaling their services beyond mobile to reach other devices including experiences across Video (Android TV, Google TV, Google Cast); Audio (Wear OS, Android Auto, Android TV, Google Cast); and Books (tablets, foldables, integration with the new Entertainment Space.)

E-commerce

Facebook announced a trio of new commerce features this week, including the expansion of its Shops service to WhatsApp as well as Marketplace in the U.S.; Shop Ads, including AR try-on ads in the U.S., and an A.I.-based Visual Search feature on Instagram, where users can upload photos to find similar items.

Augmented Reality

Apple launches an AR-enabled Snapchat Lens to promote Apple Pay Express Transit in New York. The Lens lets users ride the subway through Kings Theater in Flatbush, the Sea Glass Carousel in Battery Park, and the Great Hall at the New York City Hall of Science.

TikTok and Spotify teamed up with makeup brand MAC on a digital campaign that offers an AR lens with lip colors users can virtually try on. The campaign involves MAC’s Love Me Liquid Lipcolor and is running in the U.K. across both apps.

Social

TikTok launched its own mini-app integrations. With its new Jump feature, creators can add interactive third-party integrations to their videos from services like Whisk, Quizlet, Breathwrk, StatMuse, Tabelog, BuzzFeed, Jumprope, IRL and WATCHA.

Instagram said it’s testing a new feature in English-speaking markets that will mix Suggested Posts into your Feed. The company will use its algorithmic suggestions to help point people to accounts they may want to follow, with an apparent goal of increasing time spent in the app.

Twitter announced a new feature will make it possible to share tweets directly to Instagram Stories. To use the feature, which is only on iOS for now, you’ll tap the share icon on a tweet and select “Instagram Stories.” When the Instagram app opens, you can resize or reposition the tweet sticker before posting.

Snap made a deal with Universal Music Group. The deal allows Snapchat users to add song clips from the UMG catalog to their Snaps and on Spotlight, Snap’s TikTok rival.

Twitter has opened up applications for U.S. users who want to test its Ticketed Spaces and Super Follows features. The company said only a “small group” will be able to test the features for the time being. Super Follows lets creators charge $2.99, $4.99, or $9.99 per month for exclusive content. Ticketed Spaces lets creators charge between $1-$999 for access to live audio rooms.

Messaging

Newly relaunched mobile app Squad debuted an audio-based mobile messenger that allows friends to send voice messages to one another that expire after 14 hours.

Dating

After a handful of competitors took on Tinder with video-based dating, Tinder this week introduced a feature that allows daters to upload up to nine videos to their profiles. It also added a speed-dating feature called “Hot Takes” that lets unmatched users chat for a short period before swiping left or right, from 6 pm to midnight on weekdays.

Streaming & Entertainment

YouTube for iOS is officially gaining support for picture-in-picture in the U.S. The feature will allow all users, both free and paid, to watch YouTube while using other apps on their iPhone.

Clubhouse was spotted working on DM text chat feature called Backchannel that would allow users a new way to connect.

Kuaishou, the operator of China’s second-largest short-form video app behind TikTok (Douyin in China), reaches 1 billion monthly active users. The company says the MAU figure includes all of its existing platforms in China, plus its Kwai and Snack Video apps in international markets.

Wattpad and WEBTOON merged their studio divisions to create Wattpad WEBTOON Studios. The deal follows South Korea-based Naver’s recent acquisition of Wattpad in a transaction estimated to be more than USD$600 million, which aligns the two storytelling and entertainment divisions. Both will benefit from the company’s data-driven approach to sourcing content from storytelling apps to turn into TV shows, movies and books.

Gaming

New titles came to Google Stadia, including Madden NFL 2022 — the first sports title to launch on a cloud gaming platform. Google Stadia’s Android TV app also launched on the Play Store with a “Coming Soon” message.

Player spending in U.S. mobile sports games rose 16% year-over-year to $648.8 million, according to Sensor Tower data. The top app by player spending in the U.S. between June 1, 2020 and May 31, 2021 was Golf Clash from Playdemic, which generated $132.8 million. The No. 2 and No. 3 grossing Sports titles were 8 Ball Pool from Miniclip and Fishing Clash from Ten Square Games.

More than half of the $175 billion earned by the games industry this year will come from mobile games, per Newzoo and Arm’s annual report. Mobile games will be increasingly high-fidelity and cross-platform, the report said.

Classic mobile game Jetpack Joyride is also being added to Apple Arcade, following a recent announcement that more classic games would be soon added to the subscription gaming service.

Health & Fitness

Google and the state of Massachusetts got busted by silently installing the state’s COVID-tracking service, MassNotify, on users’ devices without consent. The auto-installed version isn’t an app and instead is only available as a setting users could enable or disable.

Government & Policy

Indian microblogging app Koo is selling itself as a partisan Twitter alternative in Nigeria by supporting government restrictions on social media platforms.

A French court has set a date in the case over allegedly abusive App Store developer contracts brought by the finance ministry against Apple. The hearing will take place Sept 17, 2021, and could influence Apple’s decision to change developer terms and agreements.

Google may soon face antitrust claims over its Play Store from several U.S. states, Reuters reported. A group of state attorneys general may file a lawsuit against Google as early as next week, the report claims, citing sources. The investigation is being led by Utah, Tennessee, North Carolina and New York.

Security & Privacy

Enterprise customers using Jamf to manage Macs gained access to a new Jamf Unlock app for iPhone, which allows users to unlock their Macs using Face ID on their iPhone.

Funding and M&A

💰 MAJORITY raised $19 million in seed funding for its mobile banking service for migrants. The app offers a $5 per month subscription that offers an FDIC-insured bank account, debit card, mobile credit, and at-cost international calls. The round was led by Valar Ventures, with participation from Avid Ventures, Heartcore Capital and several Nordic fintech founders.

💰 Mobile commerce startup Via raised $15 million in Series A funding for its suite of mobile marketing tools for e-commerce apps. The round was led by led by Footwork, the new venture firm co-founded by former Stitch Fix COO Mike Smith and former Shasta Ventures investor Nikhil Basu Trivedi. The startup has generated $51 million in sales since May 2020.

💰 Viva Republica, the maker of Korean financial super app Toss, raised $410 million at a $7.4 billion valuation. The app offers standard neobanking features, as well as P2P payments, money transfers, loans and more.

💰 Sporttrade raised $36 million for its sports betting and stock trading combo service, which is set to release its app in New Jersey later this year. Investors included former heads of Nasdaq and MGM Resorts.

🤝 EA is acquiring Warner Bros. Games’ Playdemic mobile games studio for $1.4 billion in cash. Playdemic is best known for “Golf Clash,” a top mobile game in the U.S. and U.K. with over 80 million installs to date.

💰 Charlotte, N.C.-based mobile payments platform Payzer raised $19.5 million according to an SEC filing. The company offers an end-to-end management platform for contractors on a subscription basis.

💰 Happs raised $4.7 million in post-seed funding for its multicast livestream platform aimed at the creator economy. Users can broadcast live to Facebook, YouTube, Twitter and Twitch simultaneously via the app, and view live comments from all supported social media sites.

🤝 Amazon’s AWS is acquiring  the secure messaging app Wickr, which has been providing services to government and military groups and enterprises. Wickr had raised just under $60 million in funding, per Pitchbook data.

Downloads

Brave

Image Credits: Brave

Alternative browser Brave this week introduced its own search service, Brave Search, now available in beta across all platforms — including web, Android and iOS. The service is different from other search engines because it does not track or profile users, and it leverages its own search index for answering queries instead of relying on other providers. Its ranking algorithms will be community-curated and open. Soon, it will also offer options for both an ad-free paid search and an ad-supported search option, allowing users to decide how they want to proceed.

Brave Search was announced in March when Brave acquired Tailcat. The company says the new service will later this year become the default in the Brave browser.

Moonbeam

Image Credits: Moonbeam

Kayak’s co-founder Paul English this week officially launched Moonbeam, a podcast discovery app that leverages a combination of machine learning and human curation to create a newsfeed-style stream of audio content, similar to Podz. Podcasters can also select clips of their shows to feature on the app. Plus, the app allows fans to tip creators directly — and Moonbeam doesn’t take a cut. The app learns what sort of podcasts you may like based on how you interact with those it features, so your recommendations improve over time. Moonbeam can also serve as your podcast player, offering the ability to play back full episodes.

Reading Rec’s

Tweets

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8 founders, leaders highlight fintech and deep tech as Bristol’s top sectors

The U.K. is gaining in popularity as a great place to start a tech firm. The country is quickly catching up to China on the tech investment front, with VC investments reaching a record of $15 billion in 2020, according to TechNation. A global health crisis notwithstanding, London remained a favorite for investors. U.K. cities made up a fifth of the top 20 European cities, with names such as Oxford, Dublin, Edinburgh and Cambridge rising to the fore in 2020.

Bristol proved especially popular among tech investors last year — local businesses raked in an impressive $414 million in 2020, making it the third-largest U.K. city for tech investment. The city also has the most fintech startups per head in the U.K. outside London, according to Whitecap’s 2019-2020 Ecosystem Report.

Efforts by the city’s private and public sectors to modernize the city have helped it rank among the top smart cities in the U.K., attracting a bevy of tech entrepreneurs. Its proximity to London has meant that it is a good alternative for founders looking for a more affordable stay while letting them tap the capital’s financial resources. The University of Bristol also has the largest robotics department in Europe.


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Bristol is also home to an important startup accelerator, SETsquared. A collaborative effort by the five universities of Bath, Bristol, Exeter, Southampton and Surrey, the accelerator has supported over 4,000 entrepreneurs and helped their startups raise a total of £1.8 billion. Other startup support players include the new Science Creates VC fund, set up by entrepreneur Harry Destecroix, and TechSPARK Engine Shed.

Key emerging startups from Bristol include Graphcore, Open Bionics, Ultraleap, Immersive Labs and Five AI.

To get a better idea of the state of the tech ecosystem and the investor outlook for this city, we surveyed founders, leaders and executives involved in nurturing Bristol’s startup ecosystem.

The survey revealed that the city has a robust renewable, zero-carbon and fintech startup landscape. Robotics, VR, bio, quantum, digital and deep tech are also areas showing promise. As for the investing scene, although Bristol has a healthy angel network, the city lacks institutional VC, but with London only a drive or train ride away, this has not proved a significant problem.

We surveyed:


Coralie Hassanaly, innovation consultant, DRIAD

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Bristol is strong in renewable and zero-carbon innovation, fintech and robotics. It’s weak in industry 4.0.

Which are the most interesting startups in Bristol?
Graphcore, LettUs Grow, Open Bionics, Ultraleap and YellowDog.

What are the tech investors like in Bristol? What’s their focus?
A lot of focus on fintech, I think.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
Bristol is a great middle ground between a large dynamic city (plus it’s not far from London) and access to nice countryside area. With remote working we can expect it will attract new residents in the next few years.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
Aimee Skinner, Abigail Frear and Stuart Harrison.

Where do you think the city’s tech scene will be in five years?
Second major city in U.K. innovation.

Pete Read, CEO and founder, Persona Education

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Bristol is strong in media/animation, edtech, social impact, health and science. I’m most excited by edtech and the possibility to reach and positively impact millions of students via online learning. It’s weaker in hardware and fintech.

Which are the most interesting startups in Bristol?
Kaedim, Persona Education and One Big Circle.

What are the tech investors like in Bristol? What’s their focus?
There are several very active tech investment networks coming from several angles, e.g., university-led, groups of private angels and tech incubators. The great thing is they all collaborate and share resources, ideas and expertise in initiatives such as The Engine Shed and Silicon Gorge.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
More people are moving in, as Bristol has a great urban lifestyle with easy access to the countryside and Southwest/Wales holiday spots, and an international airport 20 minutes from the center.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
Jerry Barnes at Bristol PE Club; Abby Frear at TechSPARK; Briony Phillips at Rocketmakers; Jack Jordan-Connelly at SETsquared.

Where do you think the city’s tech scene will be in five years?
It’s developing rapidly with lots of support, so it will be bigger, attracting more investment and definitely more on the international scene five years from now.

Kiran Krishnamurthy, CEO, AI Labs

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Our tech ecosystem is strong in the aerospace and defense sector. We are excited by the scope and scale of digital transformation opportunities with AI available in this sector. The main weakness in this sector is the slow pace of transformation, especially now due to the pandemic.

Which are the most interesting startups in Bristol?
Graphcore and YellowDog.

What are the tech investors like in Bristol? What’s their focus?
Compared to the U.K. tech sector average, Bristol has a very low proportion of established companies (4% versus 8%), a higher proportion of seed stage companies (42% versus 37%), and a higher death rate (21% versus 17%). It’s a particularly young ecosystem.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
It is possible that people moving out of London will come into Bristol due to the transport links, strong ecosystem and beautiful nature of the city.

Where do you think the city’s tech scene will be in five years?
I wouldn’t be surprised if Bristol turns out to be San Francisco of Europe!

Simon Hall, director, Airway Medical

Which sectors is Bristol’s tech ecosystem strong in? What does it lack?
Bristol is strong in the medtech, veterinary, industrial sectors.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
Others have moved in.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
SETsquared.

Where do you think the city’s tech scene will be in five years?
We will see massive growth in five years.

Ben Miles, CEO, Spin Up Science

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Our sector is weak in entrepreneurial ambition among researchers, and so suffers from low rates of deep tech spinout activity from leading universities. We are most excited by the step change in activity we have seen in the past two years and culture shift towards innovation.

Which are the most interesting startups in Bristol?
Rosa Biotech, Albotherm and CytoSeek.

What are the tech investors like in Bristol? What’s their focus?
Medium strength in shallow tech; currently weak in deep tech.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
People are moving in.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
Spin Up Science, Science Creates and Science Angel Syndicate.

Where do you think the city’s tech scene will be in five years?
Very strong in deep tech with an invested local community of entrepreneurs, incubators and investors.

Rupert Baines, ex-CEO, UltraSoC

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Bristol is strong in wireless (5G, 60 GHz, etc.), semiconductors (especially processors, AI/ML and parallel architectures), robotics and other hard tech/deep tech.

Which are the most interesting startups in Bristol?
Graphcore, Ultraleap, Blu Wireless and Five AI.

What are the tech investors like in Bristol? What’s their focus?
It’s limited. There are some angels, but few locally focused funds.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
Much the same: People choose to live in Bristol/Bath for quality of life. Much of the work is already external — commuting to London.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
Nigel Toon, Simon Knowles, Stan Boland, David May and Nick Sturge.

Where do you think the city’s tech scene will be in five years?
Much stronger, with more processor and hardware activity.

Mathieu Johnsson, CEO and co-founder, Marble

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Bristol has a strong robotics, aerospace and renewables scene. I’m most excited to see how the legacy in aerospace in Bristol will translate to future industry-defining companies. The ecosystem is weak on the investor side, though London VCs are less than a two-hour train journey away.

Which are the most interesting startups in Bristol?
Graphcore, Ultraleap and Open Bionics.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
I believe Bristol will become more attractive.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
Tom Carter at Ultraleap, and Joel Gibbard at Open Bionics.

Where do you think the city’s tech scene will be in five years?
Getting closer to London and Cambridge.

Chris Erven, CEO, KETS Quantum Security

Which sectors is Bristol’s tech ecosystem strong in? What are you most excited by? What does it lack?
Bristol has a strong biotech, quantum, digital, science-based/deep tech ecosystem. I’m excited by this eclectic city with exciting people that think differently.

Which are the most interesting startups in Bristol?
Any QTEC, SETsquared, or UnitDX members and alumni.

What are the tech investors like in Bristol? What’s their focus?
Very early/nascent, mostly angels.

With the shift to remote working, do you think people will stay in Bristol or will they move out? Will others move in?
Probably move in! Beautiful green spaces around, lots of interesting, independent shops. And (just about) commutable from London.

Who are the key startup people in the city (e.g., investors, founders, lawyers, designers)?
The incubators — QTEC, QTIC, SETsquared and UnitDX; Bristol Private Equity Club; Harry Destecroix.

Where do you think the city’s tech scene will be in five years?
Buzzing. More great startups and VCs moving in.

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Mercuryo raises $7.5M for crypto-focused cross-border payments after crossing $50M in ARR

Mercuryo, a startup that has built a cross-border payments network, has raised $7.5 million in a Series A round of funding.

The London-based company describes itself as “a crypto infrastructure company” that aims to make blockchain useful for businesses via its “digital asset payment gateway.” Specifically, it aggregates various payment solutions and provides fiat and crypto payments and payouts for businesses. 

Put more simply, Mercuryo aims to use cryptocurrencies as a tool for putting in motion next-gen cross-border transfers or as it puts it, “to allow any business to become a fintech company without the need to keep up with its complications.”

“The need for fast and efficient international payments, especially for businesses, is as relevant as ever,” said Petr Kozyakov, Mercuryo’s co-founder and CEO. While there is no shortage of companies enabling cross-border payments, the startup’s emphasis on crypto is a differentiator.

“Our team has a clear plan on making crypto universally available by enabling cheap and straightforward transactions,” Kozyakov said. “Cryptocurrency assets can then be used to process global money transfers, mass payouts and facilitate acquiring services, among other things.” 

Mercuryo began onboarding customers at the beginning of 2019, and has seen impressive growth since with annual recurring revenue (ARR) in April surpassing over $50 million. Its customer base is approaching 1 million, and the company has partnerships with a number of large crypto players including Binance, Bitfinex, Trezor, Trust Wallet, Bithumb and Bybit. In 2020, the company said its turnover spiked by 50 times while run-rate turnover crossed $2.5 billion in April 2021.

To build on that momentum, Mercuryo has begun expanding to new markets, including the United States, where it launched its crypto payments offering for B2B customers in all states earlier this year. It also plans to “gradually” expand to Africa, South America and Southeast Asia.

Target Global led Mercuryo’s Series A, which also included participation from a group of angel investors and brings the startup’s total raised since its 2018 inception to over $10 million.

Image Credits: Left to right: Alexander Vasiliev, Greg Waisman, Petr Kozyakov / MercuryO

The company plans to use its new capital to launch a cryptocurrency debit card (spending globally directly from the crypto balance in the wallet) and continuing to expand to new markets, such as Latin America and Asia-Pacific.

Mercuryo’s various products include a multicurrency wallet with a built-in crypto exchange and digital asset purchasing functionality, a widget and high-volume cryptocurrency acquiring and OTC services.

Kozyakov says the company doesn’t charge for currency conversion and has no other “hidden fees.”

“We enable instant and easy cross-border transactions for our partners and their customers,” he said. “Also, the money transfer services lack intermediaries and require no additional steps to finalize transactions. Instead, the process narrows down to only two operations: a fiat-to-crypto exchange when sending a transfer and a crypto-to-fiat conversion when receiving funds.”

Mercuryo also offers crypto SaaS products, giving customers a way to buy crypto via their fiat accounts while delegating digital asset management to the company. 

“Whether it be virtual accounts or third-party customer wallets, the company handles most cryptocurrency-related processes for banks, so they can focus more on their core operations,” Kozyakov said.

Mike Lobanov, Target Global’s co-founder, said that as an experiment, his firm tested numerous solutions to buy Bitcoin.

“Doing our diligence, we measured ‘time to crypto’ – how long it takes from going to the App Store and downloading the app until the digital assets arrive in the wallet,” he said.

Mercuryo came first with 6 minutes, including everything from KYC and funding to getting the cryptocurrency, according to Lobanov.

“The second-best result was 20 minutes, while some apps took forever to process our transaction,” he added. “This company is a game-changer in the field, and we are delighted to have been their supporters since the early days.”

Looking ahead, the startup plans to release a product that will give businesses a way to send instant mass payments to multiple customers and gig workers simultaneously, no matter where the receiver is located.

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After raising $10M, Ryte launches ‘Carbon KPI’ to measure the CO2 footprint of web sites

As we become more and more aware of the kind of impact we are having on this planet we call our home, just about everything is having its CO2 impact measured. Who knew, until recently, that streaming Netflix might have a measurable impact on the environment, for instance. But given vast swathes of the internet are populated by websites, as well as streaming services, then they, too, must have some sort of impact.

It transpires that a new service has identified how to gauge that, and now it’s raised venture capital to scale.

Ryte raised €8.5 million ($10 million) in a previously undisclosed round led by Bayern Kapital out of Munich and Octopus Investments out of London earlier this year for its Website User Experience Platform.

It has now launched the ‘Ryte Website Carbon KPI’, which claims to be able to help make 5% of all websites carbon neutral by 2023.

Ryte says it worked with data scientists and environmental experts to develop the ability to accurately measure the carbon impact of clients’ websites. According to carbon transition think tank, the Shift Project, the carbon footprint of our gadgets, the internet, and the systems supporting them account for about 3.7% of global greenhouse emissions. And this trend is rising rapidly as the world digitizes itself, especially post-pandemic.

Ryte has now engaged its data scientist, Katharina Meraner, who has a PhD in climate science and global warming, and input from Climate Partner, to launch this new service.

“There are currently 189 million active websites,” Ryte CEO Andy Bruckschloegl said. “Our goal is to make 5% of all active websites, or 9.5 million websites, climate neutral by the end of 2023 with the help of our platform, strong partners, social media activities, and much more. Time is ticking and making websites carbon neutral is really easy compared to other industries and processes.”

Ryte says it is also collaborating with a reforestation project in San Jose, Nicaragua, to allow its customers to offset their remaining emissions through the purchase of climate certificates.

Using a proprietary algorithm, Ryte says it measures the code of the entire website, average page size, as well as monthly traffic by channel then produces a calculation of the amount of CO2 it uses up.

Admittedly there are similar services, but these are ad-hoc and not connected to a platform. A simple Google search will bring us sites like Websitecarbon, Ecosistant, and academic papers. But as far as I can tell, a startup like this hasn’t put this kind of service into their platform yet.

“Teaming up with Ryte will help raise awareness on how information technology contributes to climate change – while at the same time providing tools to make a difference. Ryte’s industry-leading carbon calculator enables thousands of website owners to understand their carbon footprint, to offset unavoidable carbon emissions and thus lay a basis for a comprehensive climate action strategy,” commented Tristan A. Foerster, Co-CEO ClimatePartner.

 

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10 ways founders can manage their mental health while fundraising

Entrepreneurs’ mental health and stress management started to be more widely discussed amid the pandemic, but for many seasoned entrepreneurs, the topic is still taboo. Now that the world seems to be inching toward a new normal, some founders, investors and mental health experts find themselves asking whether we need to consider mental health moving forward if it wasn’t an issue before the pandemic.

“Entrepreneurs bring in a lot of vulnerability into their jobs, and when combined with the risks they are required to take, the vulnerability can be exacerbated when those risks don’t work out,” said Michael Freeman, a clinical professor of psychiatry at the University of California San Francisco School of Medicine and founder of Econa.

So how do we address these issues and train entrepreneurs to sharpen and maintain their mental acuity, particularly when things get tough while fundraising?

“With mental health, as is true with many things medical, an ounce of prevention is worth a pound of cure,” Freeman said. “For entrepreneurs who want to prevent mental health issues, they need to start by taking a lifestyle risk factor assessment.”

According to Freeman, there are five ways entrepreneurs can support their mental health.

  1. Sleep.
  2. Exercise, and make sure you sweat.
  3. Get and keep friends that have nothing to do with business.
  4. Eat well, and eat strategically.
  5. Address mental health concerns in weeks, not months.

Based on her experience, here are five more ways entrepreneurs can manage their mental health while fundraising.

  1. Find a counselor or therapist to help navigate your increased stress level.
  2. Give yourself an out.
  3. Leverage your team
  4. Remain flexible with your plans.
  5. Be intentional about the type of stress you’re willing to deal with for money.

The Author:

Adonica Shaw is the founder of Wingwomen, a health-and-wellness-focused social media platform for professional women.

Read the original article on TechCrunch

 

NLGN-Signs-SPA-for-Domestic-GAS-in-Nigeria-seefinish

NLGN Signs SPA for Nigeria Domestic Gas Supply

Domestication of Natural Gas: NLGN Signs SPA for Nigeria

NLGN Signs SPA for Nigeria. NLNG will be serving Nigerians with natural gas using its virtual pipeline solution. The production of natural gas will increase by millions of Metric Tonnes to support both international and local demands. Nigeria will experience a growth in alternative uses of Liquified Natural Gas for electrical power supply and as automotive fuel. The process of domestication and local supply will be handled by partnering DLNG’s as represented in NLGN Signed SPA for Nigeria.

NLGN Signs SPA for Nigeria

Domestication of Natural Gas in Nigeria: NLGN Signs New Sales and Purchase Agreement (SPA) with Pioneer Domestic LNG (DLNG) Partner and Counterpart Companies

Domestic LNG Poineering Companies


NLGN Signed SPA: Expected Uses of Domestic LNG

  • Transportation / Automotive Fuel substitute to PMS & AGO.- Consumer Supply Model will use colocation of NLG stations in fuel stations. The current cars will require little modifications with additional devices to allow them to be able to use gas as fuel. LNG Storage Hub will be placed at various states to reduces supply distance.
  • Electricity Supply Uplift will also be served using the NLNG Virtual Pipeline Initiative.
  • The use of Liquified Petroleum Gas (LPG) helps lessen environmental pollution problems because it is a cleaner fuel.

Nigeria Natural Gas Statistics

  • Nigeria ranks 38th in the world for natural gas consumption, accounting for about 0.5% of the world’s total consumption of 132,290,211 MMcf. Nigeria consumes 3,192 cubic feet of natural gas per capita every year (based on the 2017 population of 190,873,244 people), or 9 cubic feet per capita per day. -(Woldmeterinfo)
  • Gas Reserves: 180,000,000 MMCf (9th in the world with most of it in the Niger Delta Region)
  • Gas Production 3,009,650 MMCf (12th in the world)
  • Gas Consumption 664,628 MMCf (38th in the world)

Noteworthy Answers to Questions

  • The pricing is of commercial scale not a subsidy plan for Nigerians.
  • The product will be transported and supplied with shipping as indicated within the SPA.
  • The goal is to electrically power Nigeria and Africa using gas.
  • The challenges will be on infrastructure
  • NNPC (Managing the Nigeria Shareholding Stake), DPR (provides Public-Private Regulatory Plan), DLNG (Handles Local Supply), NLNG (International Supply).

Related Resources

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