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Accel eyes stake in India’s Truemeds at $330 million valuation

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Accel eyes stake in India's Truemeds at $330 million valuation

According to half a dozen sources, Accel, the global venture firm, is in advanced discussions to lead a funding round of $30 million to $40 million in Truemeds, an Indian online pharmacy that’s focused on providing customers with more affordable generic alternatives to costly branded medications.

The talks are currently centered on a proposed valuation of about $330 million for the six-year-old, Mumbai-headquartered startup, per these same sources, who requested anonymity as the deliberations are ongoing and private.

The deal hasn’t finalized, so it may still not materialize or the terms can change, the sources cautioned. Accel and Truemeds didn’t immediately respond to requests for comment.

The potential round for Truemeds comes amid a period of consolidation and upheaval in the online pharmacy industry. Pharmeasy, backed by Prosus Ventures, has seen its valuation plummet from a peak of $5.6 billion to below $600 million after struggling to repay a loan to Goldman Sachs. 

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Janus Henderson, the British American global asset firm, implied a valuation of about $458 million for Pharmeasy at the end of June, according to its most recent mutual fund disclosures. In 2021, Tata Digital acquired 1mg, another major player in the space.

Unlike its competitors, Truemeds is taking a slightly different approach. The startup aims to disrupt the supply chain of how medicine reaches customers, eliminating middlemen that inflate the final price. After customers upload their prescriptions, Truemeds doctors recommend generics with the same active ingredients, produced by Indian manufacturers. This service aims to reduce medication costs, particularly for those with chronic conditions requiring ongoing treatment.

The platform operates entirely online, with consultations, ordering, and delivery all handled digitally. This eliminates the need for patients to visit physical pharmacies and allows Truemeds to reach customers in remote areas. 

If the new funding materializes, it would more than double Truemeds’ valuation, which was $132 million in an extended Series B round last year. The startup originally raised the Series B funding from investors including WestBridge Capital and Info Edge Ventures at a valuation of $76.7 million, according to Tracxn, a venture insight platform. 

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Are Elon Musk’s new Tesla robotaxis safe?

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Are Elon Musk's new Tesla robotaxis safe?

Elon Musk has unveiled Tesla’s long-awaited robotaxi, which he claims will hit the market as early as 2027.

BBC Tech Correspondent Lily Jamali analyses the ‘robocabs’ and whether their reliance on camera technology might be undermining the vehicles’ safety.

Musk also debuted “Optimus” robots, which he claims will free up human time and take on chores.

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Best Ninja Foodi deals: Pressure cookers, grills, air fryers

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Best Ninja Foodi deals: Pressure cookers, grills, air fryers

Ninja is a great small kitchen appliance brand if you’re looking for both convenience and savings. It makes some of the best air fryers and best pressure cookers, and when you’re shopping Ninja Foodi deals you can almost always find some of the best air fryer deals. But the Ninja Foodi lineup has all sorts of ways to cook across a range of appliances, and with so much to choose from we thought we’d track down all of the best Ninja Foodi deals in one place. You’ll find them all below. You can also shop refrigerator deals and oven deals if you’re looking for larger kitchen appliances, or there are some really great coffee maker deals worth shopping right now, and they include both Keurig deals and Nespresso deals.

Ninja Foodi PossibleCooker Pro 8.5-quart multicooker — $138, was $150

The Ninja Foodi PossibleCooker Pro on a counter with a meal.
Ninja

The Ninja Foodie PossibleCooker Pro is capable of saving you a lot of counter space, as it can replace 14 different cooking tools and appliances. It can slow cook, steam, warm, sauté, steam, and roast, and it can do the work of appliances such as cast iron skillets, saucepans, stock pots, and Dutch ovens. It’s perfect for entertaining, as it has an 8.5-quart capacity that allows you to make foods like chili for up to 20 people. The Ninja Foodi PossibleCooker Pro cooks up to 30% faster than conventional ovens, and offers easy cleanup with a nonstick pot.

Ninja Foodi 11-in-1 6.5-quart pressure cooker — $150, was $200

A woman loads the Ninja Foodi 6.5-quart pressure cooker with food.
Ninja

The Ninja Foodi 11-in-1 6.5-quart pressure cooker is simple yet versatile. It offers 14 different cooking functions, with pressure cooking, baking, air frying, broiling, slow cooking, and steaming among them. It also has Tendercrisp Technology, which combines the best of pressure cooking and air fryer and allows you to get faster, juicier, and crispier results. This pressure cooker has a large capacity of 6.5 quarts, which should be plenty for feeding small families or for preparing things like appetizers for gatherings.

Ninja Foodi 2-in-1 Flip Toaster — $120, was $130

Pizza bagels being removed from the Ninja Foodi 2-in-1 Flip Toaster.
Ninja

This 2-in-1 flip toaster is one of the more affordable members of the Ninja Foodi lineup. It’s both a toaster and a compact toaster oven, allowing for multifunctional usage with a small footprint. It won’t take up a ton of space on the countertop and still brings a way to toast, defrost, bake, broil and reheat to your kitchen. This is a great Ninja Foodi option for apartment dwellers or anyone with a smaller kitchen who still likes to cook in a variety of ways.

Ninja Foodi 8-in-1 digital air fry oven — $194, was $220

Ninja Foodi 8-in-1 Digital Air Fry Oven on a kitchen counter with pizza and wings.
Ninja

Part toaster oven, part air fryer, you’ll get delicious and crispy foods out of this beast, with fast cooking — up to 60% faster than a traditional oven. Even baking means you won’t end up with half the pizza or wing burnt, and the other half undercooked. The digital crisp controls allow you to adjust temperatures, heat source, and airflow for better precision. It comes with a wire rack, sheet pan, air fry basket, and removable crumb tray, everything you need to get cooking right away.

Ninja Foodi 10-in-1 Smart XL air fryer (renewed) — $180, was $300

Unloading food from the Ninja Foodi 10-in-1 Smart XL.
Ninja

If you want the unique crispness that only an air fryer can provide, but you want it on, say, an entire turkey, you’ll need a large air fryer oven. It’s basically an air fryer shaped like a toaster oven, and it has all the capabilities of both, and more. Since it’s smaller than an oven and can get practically air tight, it has 10 times the power of a traditional convection oven. It can fit a five-pound chicken in it, and has over a square foot of space, so you could load multiple pizzas in at once. It can preheat in 90 seconds, so it’ll be ready to go before you oven gets a chance to catch up.

Ninja Foodi 6-in-1 10-quart air fryer (renewed) — $189, was $249

Ninja Foodi 6-in-1 10-quart XL 2-Basket Air Fryer on a white kitchen counter with a variety of air fried foods.
Ninja

The Ninja Food 6-in-1 air fryer is the ultimate air frying experience. It has two baskets with DualZone technology, which allows you to cook with each basket independently of one another. This allows you to cook two different foods at the same time, should you so choose, as well as prepare smaller meals in a single basket that’s sized more appropriately for it. Each basket has a 4-quart capacity, and combined you can cook up to 8-quarts with functions that include air frying, roasting, reheating and dehydrating.

Ninja Foodi XL 6-in-1 indoor grill — $230, was $260

Lifting the lid of a Ninja Foodi XL 6-in-1 indoor grill to reveal a pizza cooking.
Ninja

If you’d like to move some of your outdoor grilling adventures to the indoors you can do so with the Ninja Foodi XL 6-in-1 indoor grill. It has six different preset cooking functions that include grilling, air crisping, roasting, baking, broiling, and dehydrating. Its extra-large capacity allows it to cook up to six steaks or up to 24 hot dogs, as well as some side dishes. This grill will cook with up to 75% less fat with its air frying technology, and it cleans up easily and has a fairly compact design that will allow you to return it to a cabinet when you’re done.

Ninja Foodi smoothie bowl maker — $100, was $120

Making a smoothie with the Ninja Foodi Smoothie Bowl Maker.
Ninja

If you’re looking to bring a healthier twist to breakfast, the Ninja Foodi Smoothie Bowl Maker should fit nicely on your counter. It can power through frozen foods with less liquid for perfect smoothie bowls, nut butters, and blender ice cream. It has preset programs for one-touch smoothies, extractions, bowls, and spreads. It also has two manual programs to pulse and start/stop. The Ninja Foodi Smoothie Bowl Maker cleans up easily and has blender cups and bowls that are easy to take on the go or store with included lids.

Ninja Foodi SS351 Power Blender & Processor System — $180, was $200

The Ninja Foodi SS351 Power Blender & Processor System against a white background.
Ninja

This is Ninja’s most powerful blender system. It crushes, food process, and makes smoothie bowls and dough, all through a singular base. It has smarttorque technology that produces 1400-peak-watts of power, making it capable of blending through heavy loads without stalling or the need to stir or shake. Its six versatile functions will keep you busy being creative in the kitchen for as long as you may like, and it comes in at a perfect price with this deal.

Ninja Professional Plus Kitchen System — $180, was $220

A woman pours food into the Ninja BN801 Professional Plus Kitchen System.
Ninja

The Ninja Professional Plus Kitchen System features a modern design and more functionality than previous generations. Food processing entails usse of the 8-cup precision processor bowl which provides precision processing even for chopping and smooth purees. It has five versatile functions that allow you to creat smootheis, frozen drinks, nutrient extractions, chopped mixtures, and dough, all at the touch of a button. The XL capacity of this blender and food processor is great for making large batches for both family and guests.


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New Exynos 2500 version emerges with enhanced specifications

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The latest version of the Exynos 2500 has been spotted on the Geekbench database. While its model number remains the same as the previous version, it boasts a significant performance upgrade.

The Exynos 2500 gains extra CPU cores

The newly listed Exynos 2500 version features a powerful 10-core architecture. This marks a significant upgrade from its predecessor. The chip includes three Cortex-X925 CPU cores clocked at 2.59 GHz. It also has five Cortex-A725 CPU cores running at 2.25 GHz and two Cortex-A520 cores operating at 1.75 GHz. These enhancements point to a stronger emphasis on performance.

Samsung also enhanced the GPU in this Exynos 2500 version. The AMD Radeon-based Xclipse 950 GPU now includes additional cores, increasing its capabilities. This update focuses on enhancing graphics performance for gaming and multimedia applications. The GPU’s clock speed remains at 1.3 GHz, but its increased core count hints at a significant boost in rendering capabilities.

The company is currently grappling with its processor strategy for the Galaxy S25 lineup. While rumors are indicating that the Galaxy S25, Galaxy S25+, and Galaxy S25 Ultra may utilize the Snapdragon 8 Elite chip, reports from SamMobile suggest that the company has not entirely abandoned its in-house Exynos 2500 version. According to the outlet, if production yields improve, Samsung may still opt to use the Exynos 2500 in the Galaxy S25 and S25+ models.

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The Geekbench listing also provides insights into the performance metrics of the Exynos 2500. It boasts an OpenCL score of 15,960, indicating impressive graphical capabilities. The device operates on Android 15 and features a memory size of 6.90GB, enhancing its multitasking potential.

Unclear future for the Exynos 2500

The exact role of the new Exynos chip in Samsung’s lineup remains uncertain. With two additional CPU cores and improved GPU capabilities, it seems designed for high-end devices, potentially suited for tablets and laptops. However, whether this version will make it to the market or be exclusive to certain models is still unknown.

The latest Geekbench listing adds a layer of intrigue to Samsung’s processor plans. As the Galaxy S25 series launch approaches, it remains to be seen how the Exynos 2500 will fit into the company’s broader strategy.

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Netflix’s The Electric State trailer shows off cartoony robots and oversized VR headsets

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Netflix's The Electric State trailer shows off cartoony robots and oversized VR headsets

Netflix has released the first trailer for , a post-apocalyptic road from Marvel (and Community) mainstays The Russo Brothers. The adaptation of Simon Stålenhag’s 2018 graphic novel is set in a retro-futuristic version of the ’90s after a robot uprising. It tells the story of Michelle, an orphaned teenager (Millie Bobby Brown) who ventures across the west of the US to look for her younger brother with a smuggler (a mustachioed Chris Pratt) and a pair of robots.

The movie’s look draws heavily from , right down to the oversized VR helmets. The robots, in particular the one accompanying Michelle, have a cartoon-inspired aesthetic that wouldn’t look out of place in Fallout. A large teddy bear robot can be seen as part of a parade of machines, while our heroes appear to face off against a massive one that looks a little like Sonic the Hedgehog.

Meanwhile, the whole “slowed down iteration of a popular song in a movie trailer” thing might have jumped the shark with the version of Oasis’ “Champagne Supernova” that plays over the top of this. It fits the ’90s setting, of course, but I couldn’t help but laugh as soon as I recognized it.

The movie has a hell of a cast. Alongside Brown and Pratt, it stars Ke Huy Quan, Jason Alexander, Woody Harrelson, Anthony Mackie, Brian Cox, Jenny Slate, Giancarlo Esposito and Stanley Tucci. The Electric State hits Netflix on March 14.

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Zyphra’s Zyda-2 dataset enables small enterprise model training

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Zyphra’s Zyda-2 dataset enables small enterprise model training

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Zyphra Technologies, the company working on a multimodal agent system combining advanced research in next-gen SSM hybrid architectures, long-term memory and reinforcement learning, just released Zyda-2, an open pretraining dataset comprising 5 trillion tokens. 

The offering comes as the successor of the original Zyda dataset. It is five times larger in size and covers a vast range of topics and domains to ensure a high level of diversity and quality – which is critical for training robust and competitive language models. 

But, that’s not the user profile of Zyda-2. There are many open datasets on Hugging Face for training cutting-edge AI models.

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What makes this dataset unique is that it has been distilled to possess the strengths of the top existing datasets and eliminate their weaknesses.

This gives organizations a way to train language models that show high accuracy even when operating across edge and consumer devices on a given parameter budget.

The company trained its Zamba2 small language model using this dataset and found it to be performing much better than those trained with other state-of-the-art open-source language modeling datasets on HF.

What does Zyda-2 bring to the table?

Earlier this year, as part of the effort to build highly powerful small models that could automate a range of tasks cheaply, Zyphra went beyond model architecture research to start constructing a custom pretraining dataset by combining the best permissively licensed open datasets – often recognized as high-quality within the community.

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The first release from this work, Zyda with 1.3 trillion tokens, debuted in June as a filtered and deduplicated mashup of existing premium open datasets, specifically RefinedWeb, Starcoder C4, Pile, Slimpajama, pe2so and arxiv. 

At the time, Zyda performed better than the datasets it was built upon, giving enterprises a strong open option for training. But, 1.3 trillion tokens was never going to be enough. The company needed to scale and push the benchmark of performance, which led it to set up a new data processing pipeline and develop Zyda-2.

At the core, Zyphra built on Zyda-1, further improving it with open-source tokens from DCLM, FineWeb-Edu and the Common-Crawl portion of Dolma v1.7. The original version of Zyda was created with the company’s own CPU-based processing pipeline, but for the latest version, they used Nvidia’s NeMo Curator, a GPU-accelerated data curation library. This helped them reduce the total cost of ownership by 2x and process the data 10x faster, going from three weeks to two days.

“We performed cross-deduplication between all datasets. We believe this increases quality per token since it removes duplicated documents from the dataset. Following on from that, we performed model-based quality filtering on Zyda-1 and Dolma-CC using NeMo Curator’s quality classifier, keeping only the ‘high-quality’ subset of these datasets,” Zpyphra wrote in a blog post.

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The work created a perfect ensemble of datasets in the form of Zyda-2, leading to improved model performance. As Nvidia noted in a separate developer blog post, the new dataset combines the best elements of additional datasets used in the pipeline with many high-quality educational samples for logical reasoning and factual knowledge. Meanwhile, the Zyda-1 component provides more diversity and variety and excels at more linguistic and writing tasks. 

Distilled dataset leads to improved model performance

In an ablation study, training Zamba2-2.7B with Zyda-2 led to the highest aggregate evaluation score on leading benchmarks, including MMLU, Hellaswag, Piqa, Winogrande, Arc-Easy and Arc-Challenge. This shows model quality improves when training with the distilled dataset as compared to training with individual open datasets.

Zyda-2 performance
Zyda-2 performance

“While each component dataset has its own strengths and weaknesses, the combined Zyda-2 dataset can fill these gaps. The total training budget to obtain a given model quality is reduced compared to the naive combination of these datasets through the use of deduplication and aggressive filtering,” the Nvidia blog added.

Ultimately, the company hopes this work will pave the way for better quality small models, helping enterprises maximize quality and efficiency with specific memory and latency constraints, both for on-device and cloud deployments. 

Teams can already get started with the Zyda-2 dataset by downloading it directly from Hugging Face. It comes with an ODC-By license which enables users to train on or build off of Zyda-2 subject to the license agreements and terms of use of the original data sources.

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The top VCs to judge the Startup Battlefield Final at Disrupt 2024

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TechCrunch Disrupt Startup Battlefield

TechCrunch Disrupt 2024 is just a week away. Our beefed-up Startup Battlefield 200 is a major highlight. Two hundred companies have been hand-selected by the TechCrunch editorial staff to grace the expo hall, 20 of which will launch their company for the first time live on our stage.

Nail-biting pitches live on the Disrupt Stage, make or break hardware and software demos. It’s where legends are made. Throughout it all, we’re incredibly grateful for the expertise of some of the top VCs in the world to tease out the cream of the crop. After an initial, thorough evaluation, five companies are selected to pitch once again in the Startup Battlefield Final on October 30. For this, we enlist the sharpest, most experienced venture capitalists we can find, all of which run a huge fund.

Learn more about these investors below and don’t miss the chance to learn from their expert insights and discover the crucial traits that lead to startup success, only at Disrupt 2024, taking place at Moscone West in San Francisco from October 28-30.

Navin Chaddha, Managing Partner, Mayfield Fund

Navin Chaddha, Managing Partner, leads the firm and drives its Cognition-As-A-Service (CaaS) and GenAI cognitive plumbing focus. This approach emphasizes investing in the infrastructure layers behind AI-driven companies and technologies and draws from his deep experience in previous paradigm shifts as founder of VXTreme /Microsoft Windows Media in the Web era and investor in infrastructure leader Hashicorp in the cloud era.

Under his leadership, Mayfield has raised eight U.S. funds and guided over 80 companies to positive outcomes. During his venture capital career, Navin has invested in over 60 companies, of which 18 have gone public (including Lyft, Poshmark and SolarCity) and 27 have been acquired.

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Navin has been named a Young Global Leader by the World Economic Forum and has ranked on the Forbes Midas List of Top 100 Tech Investors fifteen times, including being named in the Top Five in 2020, 2022, and 2023. Navin’s investments have created over $120 billion in equity value and over 40,000 jobs.

An alumnus of Stanford and IIT Delhi, Navin is a philanthropist supporting various causes and a serial entrepreneur with notable startups like VXtreme and iBeam Broadcasting.

Chris Farmer, CEO, Partner, and Co-founder, SignalFire

Chris Farmer is the CEO, Partner, and co-founder of venture fund SignalFire, a $2.1 billion AI-native early-stage venture firm.

A decade ago, Farmer pioneered the use of data and AI would let VCs source better investments while scalably helping portfolio companies. So Farmer built Beacon, SignalFire’s in-house AI platform, with the help of Google veterans, Stanford AI PhDs, and feedback from 500 founders on what they really needed. Now Beacon crunches a half trillion data points to rank over 650 million people in the tech ecosystem on talent and hireability to assist portfolio companies with recruiting and go-to-market.

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At SignalFire, Farmer has led investments in companies like Grammarly, Frame.io, ClassDojo, and Stampli. The firm writes lead checks from seed to Series B with a focus on sectors including health and life sciences tech, developer tools, cybersecurity, and vertical AI SAAS.

Previously, Farmer was a successful entrepreneur, spearheading the turnaround of wireless-enabled SaaS company Skybitz, preparing it for its acquisition by Telular Corporation. Farmer built one of the first technologies for startup investment sourcing while at Bessemer Venture Partners in 2007 to track the new Apple App Store. He then joined General Catalyst, where he led seed investing in iconic companies like Alation, Coinbase, Discord, Fivetran, Getaround, Segment, Stripe, and Zapier.

Most recently, Farmer launched SignalFire’s AI Lab to handpick high-potential founders and partner them with top corporations in their sector as design partners, pilot customers, and training data providers.

Dayna Grayson, Co-founder & General Partner, Construct Capital

Dayna Grayson is Co-founder and General Partner of Construct Capital, an early-stage venture firm that invests in extraordinary founders building technology to transform the most foundational industries of our economy from manufacturing to mobility. Dayna was one of the first venture capitalists to turn her attention to transforming these sectors of our economy through software-based models. She backed companies creating new advances in manufacturing, automation, and vertically integrated consumer brands. During her time as a partner at NEA (2012-2020), she was the lead investor from the earliest stages and was on the board of companies including Desktop Metal (2015 – today), Tulip (2017 – 2020), Onshape (acqd by PTC) (2013-2019), and Framebridge (acqd by Graham Holdings) (2014-2020) among others. She also led investments in Guideline, Formlabs, Evenly and Neuralmagic.

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At Construct, along with her co-founder Rachel Holt, Dayna is exclusively focused on early stage investments and investing behind the accelerating changes in foundational industries that together make up half our economy’s GDP are failing to meet customer expectations. Some of their investments include Copia, Veho, Hadrian, The Rounds, and Verve Motion.

Dayna started her career in product development and led design efforts at Blackbaud [BLKB], the leading global provider of software to nonprofit organizations, as the company grew to over $130 million in revenue and completed a successful public offering and was an investor at North Bridge Venture Partners from 2007-2012.

She is a graduate of the University of Virginia (Systems Engineering) and Harvard Business School, where she serves as a venture partner today.

Ann Miura-Ko, Co-founding Partner, Floodgate

Known for her inception stage investments that range from marketplaces to highly technical companies, Ms. Miura-Ko’s investments have earned her repeat appearances on the Forbes Midas List and The New York Times list of top twenty venture capitalists worldwide. At Stanford University—where she received her Ph.D. for her work on mathematical modeling of cybersecurity—she is a lecturer in engineering, teaching on topics from blockchain to intelligent growth for startups. In addition, she is a co-director of the Stanford Mayfield Fellows Program, which helps train undergraduates to become technology leaders.

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Ms. Miura-Ko is a co-founding member of AllRaise, an organization dedicated to increasing the success and prevalence of female funders and founders. Ms. Miura-Ko received a B.S. in electrical engineering from Yale. As an alumna, she has served on the School of Engineering & Applied Science Leadership Council and as a non-trustee member of the Corporation Committee on Investments. She was elected an alumni fellow in 2019.

Hans Tung, Managing Partner, Notable Capital

Hans Tung is a Managing Partner at Notable Capital and has invested in early-stage investments across the global digital economy. He has partnered with top founders from everywhere in e-commerce and fintech where the US is a key end-user market. Hans’ consumer internet portfolio has included notable companies like Airbnb, Coinbase, Ibotta, Peloton, Poshmark, Quince, StockX, and TikTok.

Don’t miss the battle at Disrupt 2024!

The Startup Battlefield winner, who will walk away with a $100,000 equity-free prize, will be announced at Disrupt 2024 — the startup epicenter. Join 10,000 attendees to witness this groundbreaking moment and see the next wave of tech innovation.

Register here and secure your seat to witness this epic startup battle. Bring a +1 and get the limited-time Expo+ 2 for 1 Pass for half the rate of one.

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