Box gets financial ammunition in exchange for an activist investor, Samsung launches the Galaxy SmartTag + and we look at the history of CryptoPunks. This is your daily crisis for April 8, 2021.
The big story: KKR invests $ 500 million in Box
Private equity firm KKR is investing in Box to help cloud content management firm buy back shares from activist investor Starboard Value, which otherwise would have taken a majority of the board seats and forced a sale.
After the investment, Aaron Levie will remain with Box as CEO, but independent board member Bethany Mayer will become chairman, while KKR’s John Park will also join the board.
“The KKR move is arguably the most important strategic move Box has made since going public,” said Alan Pelz-Sharpe of Deep Analysis. “Not only does KKR bring a lot of money into the deal, it also gives Box the opportunity to shake off some naysayers and invest in further acquisitions.”
The technology giants
Samsung’s AirTags rival, the Galaxy SmartTag +, will help you find lost items via AR. This is a version of the Samsung lost item finder that supports Bluetooth low energy and ultra-broadband technology.
Spotify is silent about the launch of its voice command “Hey Spotify” on mobile devices – Access to the voice function “Hey Spotify” is becoming more general, but Spotify officially says nothing.
Verizon and Honda want to use 5G and edge computing to make driving safer. The two companies are testing various security scenarios at the University of Michigan’s Mcity, a test bench for connected and autonomous vehicles.
Startups, Financing and Venture Capital
Norway’s colonial brand will be renamed Oda and will receive $ 265 million for a $ 900 million valuation to expand its online grocery delivery business in Europe. Oda’s goal is to provide a “weekly shop” for prices that compete with traditional supermarkets.
Tines raises $ 26 million for its no-code security automation platform – Tines co-founders Eoin Hinchy and Thomas Kinsella both held senior security roles at DocuSign before starting their own company in 2018.
Yext Co-Founder Introduces Dynascore, which dynamically synchronizes music and video – the first product from Howard Lerman’s new startup Wonder Inventions.
Advice and analysis of extra crunch
Four Strategies to Get Investors’ Attention – Marlon Nichols, founder of MaC Venture Capital, came to . Early Stage to discuss its early stage investing strategies and how these lessons can lead to a successful start for aspiring entrepreneurs.
How to Get Into a Startup Accelerator – Neal Sáles-Griffin, Managing Director of Techstars Chicago, explains when and how to apply for a startup accelerator.
Understanding how fundraising conditions can affect early-stage startups – Fenwick & West partner Dawn Belt breaks down some of the conditions that first-time entrepreneurs trigger.
(Extra Crunch is our membership program that helps founders and startup teams get ahead. You can sign up here.)
The cult of the CryptoPunks – Ethereum’s “oldest NFT project” is not the first, but the wildest.
Biden proposes gun control reforms to remove “ghost weapons” and fill in loopholes – President Joe Biden has announced a series of new initiatives to stem what he calls an “epidemic” and “international embarrassment” gun violence.
Apply to . Disrupt 2021 at the Startup Battlefield – All you need is a killer pitch, an MVP, nerves of steel, and the drive and determination to face all comers to win the coveted Disrupt Cup .
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