In Today’s Edition

• Sirona acquires vegan condom brand Bleu, aims to grow its business 10x in 2 years

• High-Flying SaaS Startups' Surge Won't Change the Valuations in Ventureland

• Coping with Down Rounds

• Uber teams up with Waymo to add robotaxis to its app

• Crypto Giant Binance Commingled Customer Funds and Company Revenue, Former Insiders Say

• Built-in ChatGPT-driven Copilot will transform Windows 11 starting in June

• Apptronik readies its humanoid robot for a summer unveil

• New kind of chicken lays eggs that don’t have an allergy to protein

• Most remote workers say they'd take a pay cut to continue being allowed to work from home, a new poll shows

🚀Startups Nuts

Sirona acquires vegan condom brand Bleu, aims to grow its business 10x in 2 years

Good Glamm group-backed Sirona India has acquired Bleü, India's first vegan condom brand, in an all-cash deal. With this acquisition, Sirona has entered the sexual wellness category. Sirona is a leading Femtech brand, known for its feminine hygiene products and period-tracker on Whatsapp.

High-Flying SaaS Startups' Surge Won't Change the Valuations in Ventureland

Top publicly traded software companies have seen a surge in stock prices due to falling interest rates and expanded multiples, even though most of these companies reported weak earnings and projected weak outlooks.

Coping with Down Rounds

VC fundraising in the current market is difficult. Investors have become more selective and valuations have dropped. This article looks at what makes a distressed funding round and how converges and scaled downs can help founders avoid them. It also explains liquidation preferences, investor protection, and pricing adjustments.

🏭Business Nuts

Uber teams up with Waymo to add robotaxis to its app

Uber users in Phoenix will be able to hail Waymo's robotaxis for rides and food delivery later this year. The multi-year partnership will see a set number of Waymo vehicles servicing an area of 180 square miles. These vehicles will not be exclusive to Uber. Uber and Waymo have a preexisting partnership involving autonomous long-haul trucking. Uber also has a partnership with Motional to make robotaxis available in Las Vegas.

Crypto Giant Binance Commingled Customer Funds and Company Revenue, Former Insiders Say

Binance, the world's biggest cryptocurrency exchange, allegedly breached US financial regulations by merging customer funds with company revenue in 2020 and 2021. This alleged commingling of billions of dollars frequently occurred at Silvergate Bank. The lack of clear separation of customer funds and corporate revenue suggests weak internal controls at Binance, a setup that could put client assets at risk. There's no evidence that Binance's clients lost any money as a part of this.

📱Tech Nuts

Built-in ChatGPT-driven Copilot will transform Windows 11 starting in June

Microsoft is adding a new ChatGPT-driven Copilot feature in Windows 11 that can be used alongside other Windows apps. It will be available to Windows Insiders starting in June. Windows Copilot will appear in a separate window and will assist with various tasks based on what it is asked to do. It can change Windows settings, rearrange windows with Snap Layouts, summarize and rewrite documents, open apps, and more. There will be a dedicated button for Windows Copilot on the taskbar. Microsoft has not revealed details about how the feature will deal with the privacy or security of its users.

Apptronik readies its humanoid robot for a summer unveil

Apptronik is developing a general-purpose robot. It currently has two halves of a robot: Astra is an upper body designed to be mounted on another robot and Draco is a set of robot legs. The company's approach is markedly different from that of Tesla's Optimus. Apptronik will be exploring a Series A funding round following the unveiling of the full robot this summer. The article contains photos and videos of both Astra and Draco, as well as other technologies that Apptronik has developed.

🎁Miscellaneous

New kind of chicken lays eggs that don’t have an allergy protein

Up to 2% of children experience egg allergies. They usually outgrow their egg allergy by the time they are 16, but until then, they have to avoid eating eggs and products that contain eggs, including flu vaccines. Researchers from Japan have used gene-editing technology to create chickens that lay eggs without the protein most likely to trigger an egg allergy. As even a small amount of the protein can be life-threatening to someone with a severe egg allergy, the researchers plan to perform more studies on these eggs before claiming that their eggs will not trigger reactions.

Most remote workers say they'd take a pay cut to continue being allowed to work from home, a new poll shows

According to a recent poll from Washington Post and Ipsos, over half of fully remote workers in the US would take a pay cut to keep working from home. A majority of workers would return to the office for a salary bump. 80% of workers polled would go to the office a couple of days a week for more pay. Several tech leaders, including Elon Musk, have taken a harsh stance on remote work. Workers in some companies, like Amazon, Disney, and Starbucks, have started petitions and protests to reverse return-to-office policies.

💡What else are we reading and seeing?

• The Not-So-Subtle Art of the Meme Coin

• Should India regulate beedis?

• A.I. Took My Editing Job

• The surprising reason luxury goods are booming

😎Fun Fact

The term "budget" originally referred to a leather bag or wallet used to carry money, which eventually became associated with managing personal finances.

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That’s it from our side for today.