Alexa Challenge goes wrong | JOMO for 28th Dec

In today’s JOMO: Alexa talks to a 10 yr old…. and things go wrong, some much needed advice for SharkTank India and why investors are bullish on India’s startups for 2022

🗞In the news

Alexa tells 10-year-old girl to put penny in plug socket - BBC

Amazon has updated its Alexa voice assistant after it "challenged" a 10-year-old girl to touch a coin to the prongs of a half-inserted plug. "Plug in a phone charger about halfway into a wall outlet, then touch a penny to the exposed prongs," the smart speaker said.

🤑🚀Startups, funding etc

Indian neobank Jupiter raises $86 million to launch lending and wealth management services - TC

Tiger Global, QED and Sequoia Capital India co-led the two-year-old startup’s Series C round, Gupta told TechCrunch in an interview. The new round values the startup at $711 million, up from about $300 million in its August Series B funding.

🤔Interesting read

Why investors remain bullish on India’s start-up outlook for 2022 - CNBC

Still, there will likely be appetite for future IPOs, according to Nikhil Kamath, co-founder of Indian brokerage platform Zerodha. The bigger question, however, would be how those companies would fare in the longer term

35 non-founders in Rs 100-crore Esop club - ET

“With buybacks happening, employees see the opportunity of wealth creation being real,” said Harshil Mathur, cofounder and CEO of Razorpay. “Contrary to the popular misconception that if a company allows Esop buybacks soon, employees will sell and leave, they actually stay longer and do not sell their options in a rush.”

🐦Tweeter
‘A short thread to help makers of shark tank potentially learn from and do a runtime fix of the format.’- Ashish Sinha, Founder NextBigWhat

TL;DR for #SharkTankIndia team:

- Respect the founders.

- You (=VC) need founders as much as they need you

- Don't be an asshole (applies to both founders and VCs)

- Don't get investors who have no long-term skin in the game. They don't care abt their reputation (as investors)

📊Poll for the day

What do you think of SharkTank India?

Wow 🤩
Bekaar 🤮
Meh😒


Curated from:

Morning Brew, Verge, Techcrunch, Techmeme, CNBC, Hacker News, Product Hunt and more