Issue #4
by Chakshu
Hi Readers👋🏻,
Welcome to the new issue of Decoded by Diwan.
Every week I write this newsletter where I share interesting and insightful links that either delights or helps you learn something new. I am starting a new section starting this week which will cover Canadian Startup & VC landscape.
Let’s dive in & Join the community of intellectual minds! Cheers🥂
Newsworthy 📰
Amazon is shutting down its AmazonSmile program, which enables customers to donate a percentage of eligible purchases to charitable organizations.
The Justice Department sued Google, alleging that the company “has corrupted legitimate competition in the ad-tech industry by engaging in a systematic campaign to seize control of the wide swath of high-tech tools used by publishers, advertisers, and brokers, to facilitate digital advertising.”
Chevron will buy back $75 billion of its stock after scoring mega profits last year.
Ad Spending on Twitter Falls by Over 70% in Dec - Data.
Microsoft’s revenue grew last quarter, but at just 2% year over year—its slowest rate in more than six years. It forecast a 3% YoY bump in revenue for this quarter.
What I am Following 👀
Working from home saves commuters around the globe about 72 minutes a day, according to a study from the National Bureau of Economic Research.
Companies are looking to use the tech behind ChatGPT “to make customer-service chatbots smarter.” What could go wrong?
The Doomsday Clock ticks ten seconds closer to nuclear annihilation.
Adani’s business loses $50 billion in market value after short seller report
Predictions for 2023.
Salesforce Appoints New Board Directors Amid Activist Investor Pressure.
Worth Analyzing 📈
Startup Deals & VC Landscape in Canada? 🍁
Funded Startups in January 2023 (Financing size in millions)
Venture Capital & Private Equity / Fund Related News
Pender Ventures raising $100-million after backing B.C. software stars Copperleaf and Jane.
AI-focused Radical Ventures makes Dominic Barton partner as it seeks to raise $550-million fund.
SVG Ventures Thrive is aiming to raise $75 million CAD for its third fund dedicated to supporting global agrifood startups developing sustainable solutions.
BDC Capital report finds Canadian VCs are hiring more diverse candidates but difficult with Talent Retention.
BMO Global Asset Management has teamed up with Georgian to launch a fund that allows Canadian accredited investors to invest in a $1 billion USD fund Georgian is in the process of raising.
Resources & Tools 📚
Product Hunt's Golden Kitty Award Winners - Scroll out the winners of Product Hunt's awards in 2022. Chock full of amazing apps and tools!
Before I take your leave, I would like to recommend — Tips to improve your memory
Quote of the Day: "Anyone who has never made a mistake has never tried anything new." — Albert Einstein
Thank you for reading and I would really appreciate your feedback & support. 🤗
Until next time,
Chakshu Diwan
A wonderful issue, quite informative.