Venture funding for battery recycling startups is popping off lately, and the latest to see the IRA-driven upside is Ascend Elements, which announced a massive $542 million in Series D funding on top of $480 million in earlier DoE grants. The eight-year-old company recycles lithium batteries into black mass and produces cathode active materials (CAM) […]
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Monday, 11 September 2023
Divvy Homes goes from $2B valuation to third round of layoffs in a year
Divvy Homes, the rent-to-own startup that gained attention and investment from Tiger Global and other high-profile investors, is laying off 94 employees. The layoffs — its third round in the past year — represents the latest blow to the real estate tech company, as mortgage interest rates have continued to surge. The 94 employees are […]
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Snapchat partners with MTV to let users vote for VMAs through Lenses
MTV has partnered with Snapchat to let users vote for a Video Music Awards category through Lenses. The entertainment company is leveraging Snap’s Camera Kit to integrate AR-based experiences into the award show. Users will be able to vote on the Best New Artist once the three finalists are decided. They can use a special […]
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Sunday, 10 September 2023
Three Republicans Help Pass California’s Magic Mushroom Bill
I did not see this coming. Republicans usually like to stop progress. Lawmakers approved a bill to allow the use and possession of the hallucinogenic drug. Now, it goes to Gov. Gavin Newsom.
SFGate reports:
Interestingly, a trio of Republicans threw the bill a last-minute lifeline this week. It needed 41 votes to pass the California Assembly, where Democrats hold 62 of 80 seats. Forty Democrats backed the bill, and three Republicans — Bill Essayli, Heath Flora and Marie Waldron — ultimately voted in support, giving it the required tally, according to the state legislative website. It then passed its final procedural vote in the state Senate on Thursday.
Proposed by state Sen. Scott Wiener, a Democrat from San Francisco, the bill would put California on the cutting edge of the psychedelic drug reform movement, following states like Oregon and Colorado in removing criminal penalties for the use of some hallucinogenic drugs. It legalizes the cultivation, possession and use of some psychedelic drugs, including psilocybin, the primary active compound found in magic mushrooms; mescaline; and dimethyltryptamine, which is commonly referred to as DMT. The bill does not legalize the sale or transfer of the drugs between individuals.
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Newsom Gives Perfect Answer To Question About Hannity Moderating Debate
First, some good news: Today was Chuck Todd's last day as moderator at Meet The Press. Moving on now.
Gov. Gavin Newsom and Gov. Ron DeSantis agreed in early August to debate, but there was a vendor issue. I'm not sure if that was cleared up or not. Sean Hannity is set to moderate the event and Chuck Todd asked Newsom if he was still okay with the Fox News host as moderator.
"You gonna, is this debate happening?" Todd said.
"It might, I hope, we'll see," the California Democrat said." "It's predetermined."
"Figuring out the time and date," he continued. "There was a venue issue, they wanted thousands of people and make it a performance."
"Wasn't interested in that, we were pretty clear on that," he continued. "And so I think we're getting closer."
"So, Sean Hannity still moderates?" Todd asked. "You're still okay with that?"
"Well, I mean, it's two against one, bring it on," Newsom replied. "There's a lot you can do if you want the truth."
It's obvious that Newsom isn't worried about debating Meatball as Hannity looks on.
SoftBank bets on ex-Argo AI founders, Flexport’s founder cleans house and Cruise digs in
Welcome back to The Station, your central hub for all past, present and future means of moving people and packages from Point A to Point B. This week was packed with news, including in the world of startups — our favorite arena. Before we jump in, let me direct your attention to Friday’s Equity Podcast […]
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Finding business opportunity in startup failure
Welcome back to the Interchange! While we would love for all startups to succeed, the reality is that the vast majority fail. It’s not something that people often talk about, because quite frankly, it can be a downer topic. But failure is a part of life, and many founders who don’t succeed once do try, […]
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