New video from Garry Tan featuring Brett Gibson on how to survive the next tech revolution. 1️⃣ Embrace innovation: To build something new, be open to unconventional approaches and ideas. Sometimes, the V2 rewrite is just as good, if not better. 2️⃣ Choose the right tools: Select tools that align with user value and avoid unnecessary development. 3️⃣ Stay current and adaptable: Keep up with technological advancements, adapt to changes, and leverage improvements in tooling and open source. Watch the full here: https://lnkd.in/gF5JiFBc
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Portfolio Job of the Week: Runwise is hiring! 📍NYC: territory manager, sales development representative, lead field services technician. Remote: product manager Apply here: https://lnkd.in/ghuqeAy7 Runwise monitors and automatically controls heating and water systems for large residential and commercial buildings. Looking for other roles? Join the Initialized Talent Den so we can share your resume with our hiring companies: https://lnkd.in/g-kT-ihk
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Egg freezing is becoming more popular in the US, but it's an expensive process, averaging around $10,000. Despite the high cost, about 30,000 egg freezing cycles were performed in 2022, a huge jump from 7,600 in 2015. Cofertility’s Split program makes family planning more accessible by offering women more options. CEO and cofounder Lauren Makler was recently featured on 'CBS Mornings' where she discussed the company's egg-sharing program alongside participating members. Watch the full segment ⬇ https://lnkd.in/et3B_7sk
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The US manufacturing industry faces a severe labor shortage, with over 2 million jobs expected to go unfilled by 2030. The lack of skilled robotic programmers makes automation complex and expensive, resulting in only 1.1% of equipment purchases in 2021 being for robots. Formic's Robots-as-a-Service provides a simple and affordable solution to these challenges. Businesses don’t pay upfront and only incur a low hourly rate when the robots are in use. Formic handles all monitoring and maintenance, ensuring smooth and efficient operation. This approach is already showing improved results. Formic's equipment has logged over 100,000 production hours, and its robots have packed and stacked more than 1.2 billion products, effectively tackling the labor shortage and improving manufacturing efficiency. Big congratulations to Saman Farid, and the entire team at Formic, for building a cost-effective solution to bolster American manufacturing capacity and for raising a Series A financing round.
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In the latest episode of our podcast “High Bit,” Jennifer Fleiss discusses some of Rent the Runway's early logistics challenges. Highlights of the conversation include: 👗 How Rent the Runway ensured timely deliveries for big events. 🫧 Operating from a local dry cleaner's space in the early days of the company. 🔍 Jenny's investment areas of focus as our newest partner. Watch/Listen: YouTube: https://lnkd.in/dWHaRyRr Spotify: https://lnkd.in/d_ZXT4de Apple Podcast: https://lnkd.in/dA7a_EDv
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Portfolio job of the week: Trunk.io is hiring! Trunk offers a developer-in-a-box solution to streamline the engineering process. 📍 Location: Remote (US or Canada) Senior roles: analytics data engineer, software engineer (backend), software engineer (full stack), software engineer (infrastructure). Other roles: technical sales development representative, devrel engineer, software engineer II (full stack). Apply here: https://lnkd.in/eBe4aMrX Looking for other roles? Join the Initialized Talent Den so we can share your resume with our hiring companies: https://lnkd.in/g-kT-ihk
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At the Collision Conference in Toronto, Jennifer Wolf discussed the current IPO market and what it takes to guide early stage companies toward public market success. Key takeaways: ✅ An IPO is just a milestone, not the end goal. ✅ The upcoming US election and continuing geopolitical risks could add pressure to the current IPO pipeline. ✅ While the focus is often on software and enterprise IPOs, consumer companies are having a moment. Special thanks to Jai Das from Sapphire Ventures, Nigel Morris from QED Investors, Akash Pasricha from The Information, and the Collision Conf team for hosting us.
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