Fast Five from the Valley: Edition 43
Build me my Tesla!
A recent tweet by Elon Musk shows that the CEO is considering giving Tesla factory tour visitors the opportunity to “help build part of a car” as a “super fun” activity. However, it’s no secret that Tesla has been in strife with Model 3 production rates, and one can’t help but wonder whether this is a clever crowdsourcing avenue to ramp up production rates. At the same time, it would be quite exciting in getting one’s hands dirty in experiencing how these luxury electric cars come together.
Read more about it here!
Internet for everyone!
Necto, a San Francisco based Startup recently raised $1.5m for enabling small businesses to become ISP’s. That’s right, they offer you industrial grade wireless networking equipment and technical services to become a competitor of AT&T or Verizon, as they think that these large telco incumbents are coming short on customer service. Is Necto going to establish the future of a free internet? Only time will tell…
Find out more here!
We’ve got medicine for you
Amazon acquired the online pharmacy, PillPack, for a whopping $1b on Thursday. That’s hard news for retail giants such as CVS or Walgreens, who felt the immediate impact as their stock prices dropped by ~9%. Amazon will now have a clear entry strategy into the $560b prescription drug market with PillPack’s strength in owning sales licenses in 49 out of the 50 US states sealing the deal.
Read more in this great article by NYT!
VC doubles down on crypto
Top venture capital firm, Andreessen Horowitz, announced that it raised $300m for its first-ever fund dedicated to crypto companies, despite Bitcoin and other cryptocurrencies dropping by more than 50% in value this year. Chris Dixon, general partner at Andreessen Horowitz, informed the firm is taking a long-term and “patient” approach in this space and that “there’s potential in the technology, and some of the downturns can be the best investments”. If only there was a futuristic time machine to give us a glimpse of how cryptos will really fare in the next few years…
Read more about it here!
World’s tiniest “computer”
Who would have ever thought that a computer would make a grain of rice look massive? And yes, that is a grain of rice in the photo.
The University of Michigan has produced a temperature sensing “computer” that measures at only 0.04 cubic millimeters. The miniscule device operates as a sensor that can measures temperature changes in extremely small regions, such as group of cells within the human body. This new “world’s smallest computer” could support analyzing the effectiveness of cancer treatments, as it is hypothesized that tumors are slightly hotter than healthy tissue.