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VC Aileen Lee highlights how the broader investor exodus is worsening woes for unicorn companies
In this week’s episode of the StrictlyVC Download podcast, veteran VC Aileen Lee was direct about a major consequence of the recent boom-and-bust cycle: many companies stuck in limbo aren’t just struggling to regain their footing after raising too much money at unsustainable valuations; they’ve also lost the champions who once backed them. Lee was…
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Joby Aviation and Virgin Atlantic partner to launch electric air taxis in the UK
Joby Aviation is partnering with Virgin Atlantic to launch electric air taxis in the U.K., marking the seventh country in which the startup hopes to one day commercialize. Joby, which went public in 2021 via special purpose acquisition merger, did not provide a timeline for when it plans to launch its partnership with Virgin in…
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Amazon’s Echo will send all voice recordings to the cloud, starting March 28
Amazon Echo users will no longer have the option to process their Alexa requests locally, which means all of their voice recordings will be sent to the company’s cloud. Ars Technica reports that on Friday, Amazon sent an email to customers who have “Do Not Send Voice Recordings” enabled on their Echo smart speakers and…