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Despite WWDC being in full swing, the startup world hasn’t slowed down. In fact, June has seen a plethora of exciting deals and announcements, showing that the startup journey is never a straightforward one.
Top Startup Stories of the Week
This week, we saw several reminders that the path to success for startups is rarely linear. However, the next big idea might be just a click away.
Chime’s IPO: Neobank Chime went public this week in one of the year’s most anticipated IPOs. Interestingly, the company almost didn’t make it, having been turned down by over 100 VCs in 2016.
Nucleus Genomics’ controversy: Genetics testing startup Nucleus Genomics faced criticism for its new product, Nucleus Embryo, which allows future parents to select or discard embryos based on certain factors.
Automattic’s acquisition: WordPress.com owner Automattic acquired Clay, a startup that had raised over $9 million in venture capital for its relationship management app.
Superblocks’ tip for founders: Brad Menezes, CEO of Superblocks, shared a tip for prospective founders looking for a billion-dollar idea: study the system prompts used by existing AI unicorns.
Top VC and Funding News of the Week
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